Overview
What is Credit Union Of Vermont?
Credit Union of Vermont, located at 2 South Main Street, Rutland, VT 05701, is a member-owned, not-for-profit financial institution. It has a strong commitment to its members, offering affordable financial services such as loans and share-deposit accounts. As of March 2017, Credit Union of Vermont was recognized as having the highest Return of Member value among all credit unions in the nation by Callahan & Associates, a renowned national rating service. With a team of 8 dedicated employees, the credit union continues to provide its members with high-quality, cost-effective financial services, earning a reputable standing in the industry.
Official website here: www.cuvermont.coop
Is Credit Union Of Vermont legitimate?
Credit Union Of Vermont is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of Vermont 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $621,382
For more financial information, click here
Official website here: www.cuvermont.coop
What is the mission statement of Credit Union Of Vermont?
The Credit Union of Vermont operates as a not-for-profit entity, owned and managed by its member-owners. Its primary objective is to provide affordable financial services, including loans and deposit services, to its membership. The credit union is highly regarded, having been recognized by Callahan & Associates as offering the highest Return of Member value among all credit unions in the nation in March 2017. The credit union continues to rank favorably compared to other credit unions, committing to maintaining its members' share and deposit accounts with diligence.
Official website here: www.cuvermont.coop
Who is the CEO of Credit Union Of Vermont?
Bryan Kent is the CEO of Credit Union Of Vermont The CEO's salary of Credit Union Of Vermont is $129,947 and their total compensation is $129,947.
Official website here: www.cuvermont.coop
What is the revenue of Credit Union Of Vermont?
Credit Union Of Vermont's revenue in 2024 was $4,383,157.
Official website here: www.cuvermont.coop
Who are the executives of Credit Union Of Vermont and what are their salaries?
The average compensation at Credit Union Of Vermont during 2024 was $88,769. There are 7 employees and 13 volunteers at Credit Union Of Vermont.
Here are 8 key members and their salaries (Credit Union Of Vermont's CEO's salary is $129,947 and their total compensation is $129,947):
- Compensation: $236,343
- Related: $0
- Other: $0
- Compensation: $129,947
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cuvermont.coop
Where can I find the form 990 for Credit Union Of Vermont?
Credit Union Of Vermont's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cuvermont.coop
Learn more at the official website: www.cuvermont.coop
Mission Statement of Credit Union Of Vermont
Credit Union of Vermont, a not-for-profit organization, is owned and operated by its members. Its primary mission is to provide affordable financial services, including loans and share-deposit services. This credit union is committed to ensuring its member-owners benefit from these services at a lower cost compared to other financial institutions. In fact, Credit Union of Vermont was recognized as having the highest Return of Member value among all credit unions in the nation by Callahan & Associates, a renowned national rating service, as of March 2017. The credit union continues to maintain its high standing in the industry, consistently ranking highly compared to other credit unions. In essence, Credit Union of Vermont is dedicated to providing its members with financial stability and accessibility, while ensuring they receive the best value for their membership.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Credit Union Of Vermont plays a transformative role in the financial landscape of its community. Serving as a member-owned institution, it offers low-cost financial services, including loans and share-deposit options, specifically designed to meet the needs of its members. This approach fosters a strong sense of community ownership and engagement, as members directly benefit from the credit union's operations.
With a robust membership base of over 7,300 accounts, the credit union is positioned as a reliable financial partner for its members, providing them with essential services to manage their finances effectively. Notably, as of March 2017, it was recognized for having the highest Return of Member value among credit unions nationwide, a testament to its commitment to maximizing benefits for its members.
Located in Rutland, Vermont, Credit Union Of Vermont continues to be a leader in providing accessible financial services, contributing to the overall well-being of its community by prioritizing member interests and fostering financial stability. Through its efforts, it helps empower individuals and families to achieve their financial goals while strengthening the local economy.
This information is meant to be a general summary of Credit Union Of Vermont. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,611,900
- Program Service Revenue: $2,777,992
- Gross Receipts: $4,508,820
Assets and Liabilities:
- Total Assets: $71,315,895
- Total Liabilities: $62,744,461
- Net Assets: $8,571,434
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans to members
Revenue
$2,365,966
Fees and interchange income
Revenue
$412,026
Organization Details
Founding Year
1958
Principal Officer
Bryan Kent
Website
www.cuvermont.coopNTEE Category
Code: W60 - Public benefit
If you are a representative of Credit Union Of Vermont and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.