Jun, 30, 2021 — CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION is a federally insured state chartered credit union headquartered in BARRE, VT with 1 branch location and about $13.48 million in total assets. Opened 51 years ago in 1970, CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION has about 1,754 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, PO BOX 547 BARRE, VT 05641 |
| Phone: | (802) 371-4211 |
| Fax: | (802) 371-5359 |
| Website: | http://www.cvmccu.org |
| Branches: | 1 branch locations |
| Members: | 1,754 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,475,074 |
| CEO/Manager: | Patrick Reeves |
| Chairperson: | Karin Morrow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 845,003 |
| TOTAL INVESTMENTS | 7,465,552 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,192,587 |
| Other Loans | 3,748,639 |
| TOTAL LOANS | 4,941,226 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,624 |
| Land And Building | 0 |
| Other Fixed Assets | 28,284 |
| NCUSIF Deposit | 102,137 |
| All Other Assets | 146,496 |
| TOTAL ASSETS | 13,475,074 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,334 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,751,726 |
| Regular shares | 2,800,908 |
| All Other Shares & Deposits | 5,802,076 |
| TOTAL SHARES & DEPOSITS | 10,354,710 |
| TOTAL LIABILITIES | 10,415,044 |
| Regular Reserve | 305,116 |
| Other Reserves | 0 |
| Undivided Earnings | 2,754,914 |
| TOTAL EQUITY | 3,060,030 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,475,074 |
| INCOME & EXPENSE | |
| Loan Income | 210,571 |
| Investment Income | 16,431 |
| Other Income | 19,887 |
| Total Employee Compensation & Benefits | 73,678 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 88,373 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,229 |
| Cost of Funds | 18,346 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,263 |
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