Mar, 31, 2022 — CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION is a federally insured state chartered credit union headquartered in BERLIN, VT with 1 branch location and about $14.81 million in total assets. Opened 52 years ago in 1970, CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION has about 1,712 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION |
|---|---|
| Address: (Main Office) | 130 Fisher Rd BERLIN, VT 05602 |
| Phone: | (802) 371-4211 |
| Fax: | (802) 371-5359 |
| Website: | http://www.cvmccu.org |
| Branches: | 1 branch locations |
| Members: | 1,712 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65090 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,812,368 |
| CEO/Manager: | Patrick Reeves |
| Chairperson: | Karin Morrow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,330,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,032,641 |
| Other Loans | 3,472,033 |
| TOTAL LOANS | 4,504,674 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,189 |
| Land And Building | 0 |
| Other Fixed Assets | 25,901 |
| NCUSIF Deposit | 102,137 |
| All Other Assets | 2,950 |
| TOTAL ASSETS | 14,812,368 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,395 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,994 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,995,765 |
| Regular shares | 3,196,380 |
| All Other Shares & Deposits | 6,461,903 |
| TOTAL SHARES & DEPOSITS | 11,654,048 |
| TOTAL LIABILITIES | 11,699,437 |
| Regular Reserve | 0 |
| Other Reserves | 305,116 |
| Undivided Earnings | 2,807,815 |
| TOTAL EQUITY | 3,112,931 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,812,368 |
| INCOME & EXPENSE | |
| Loan Income | 67,598 |
| Investment Income | 5,754 |
| Other Income | 7,882 |
| Total Employee Compensation & Benefits | 24,782 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 45,175 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,861 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,416 |
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