Association Of Vermont Credit Unions Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030189525 ✦ Colchester, VT ✦ Designated as a 501(c)(6)

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Overview

What is Association Of Vermont Credit Unions Inc?

The Association of Vermont Credit Unions Inc, located at 401 Water Tower Circle, Colchester, VT 05446, is a nonprofit organization dedicated to fostering the growth and enhancement of credit unions within Vermont. Their primary mission is to champion the interests of Vermont's credit unions, providing them with the resources and support necessary to improve their services to members and consumers. By assisting these credit unions in various ways, the Association aims to elevate their overall performance and contribute positively to the financial well-being of Vermont's community. With a team of nine dedicated individuals, the Association of Vermont Credit Unions Inc plays a vital role in promoting and strengthening the credit union sector in Vermont.


Official website here: www.vermontcreditunions.coop

Is Association Of Vermont Credit Unions Inc legitimate?

Association Of Vermont Credit Unions Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association Of Vermont Credit Unions Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $379,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $392,636

For more financial information, click here


Official website here: www.vermontcreditunions.coop

What is the mission statement of Association Of Vermont Credit Unions Inc?

The Association of Vermont Credit Unions Inc's mission is centered around supporting Vermont-based credit unions. This organization aims to assist these credit unions in enhancing their service quality towards their members and consumers. They actively engage in the organization, development, and promotion of these credit unions, with a focus on improving their overall service level. The Association's primary goal is to contribute positively to the functioning and success of these credit unions, ultimately benefiting their members and consumers.


Official website here: www.vermontcreditunions.coop

Who is the CEO of Association Of Vermont Credit Unions Inc?

Joseph G Bergeron is the Director of Association Of Vermont Credit Unions Inc.


Official website here: www.vermontcreditunions.coop

What is the revenue of Association Of Vermont Credit Unions Inc?

Association Of Vermont Credit Unions Inc's revenue in 2022 was $895,464.


Official website here: www.vermontcreditunions.coop

Who are the executives of Association Of Vermont Credit Unions Inc and what are their salaries?

The average compensation at Association Of Vermont Credit Unions Inc during 2022 was $85,770. There are 9 employees and 9 volunteers at Association Of Vermont Credit Unions Inc.


Here are 9 key members and their salaries:


Sean Gammon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Lin Allen (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Hommel (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Hahr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Giard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Smith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Huyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Bergeron (President)
  • Compensation: $214,290
  • Related: $0
  • Other: $26,216
Christine Davidson (Vice President)
  • Compensation: $103,069
  • Related: $0
  • Other: $35,717


Official website here: www.vermontcreditunions.coop

Where can I find the form 990 for Association Of Vermont Credit Unions Inc?

Association Of Vermont Credit Unions Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vermontcreditunions.coop

Learn more at the official website: www.vermontcreditunions.coop

Mission Statement of Association Of Vermont Credit Unions Inc

The Association of Vermont Credit Unions Inc serves a crucial role in promoting the interests of credit unions within Vermont. Their mission is centered around assisting member credit unions in any way possible, with the ultimate goal of enhancing their ability to deliver superior service to their members and consumers. This nonprofit organization is dedicated to the development and promotion of Vermont credit unions, working tirelessly to support these financial institutions in their endeavors. By doing so, the Association of Vermont Credit Unions Inc contributes significantly to the overall well-being and success of the credit union sector within the state.

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Impact




October, 2024

The Association of Vermont Credit Unions Inc plays a vital role in enhancing the operational effectiveness of credit unions across Vermont. By focusing on the promotion of their interests, the organization facilitates advocacy efforts that ensure credit unions can effectively serve their communities and members.

Through development initiatives, the Association supports credit unions in improving service levels, which contributes to a more robust financial landscape for individuals and families in Vermont. By providing resources, training, and networking opportunities, the organization empowers credit unions to better meet the needs of consumers, fostering community well-being and economic growth.

Overall, the Association enhances the capacity of Vermont’s credit unions, promoting community improvement and ensuring that these institutions deliver quality financial services to a diverse population, ultimately strengthening the local economy.




This information is meant to be a general summary of Association Of Vermont Credit Unions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$895,464 (2022)
Expenses
$767,372 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $54,436
  • Gross Receipts: $895,464

Assets and Liabilities:

  • Total Assets: $3,292,350
  • Total Liabilities: $144,491
  • Net Assets: $3,147,859

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Organization Details

Founding Year

1947

Principal Officer

Joseph G Bergeron

Main Address

401 WATER TOWER CIRCLE 203, COLCHESTER, VT, 05446

NTEE Category

Code: S41 - Community improvement

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