Central Vermont Medical Center Inc Credit Union

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

EIN: 222610477 ✦ Barre, VT ✦ Designated as a 501(c)(14)

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Overview

What is Central Vermont Medical Center Inc Credit Union?

Central Vermont Medical Center Inc Credit Union is a nonprofit organization based in Barre, Vermont. Its primary focus is providing financial services to its members, including maintaining their accounts, paying interest and dividends, and offering loans. Established with the aim of meeting the financial needs of its member base, the credit union offers competitive loan and deposit products. Currently, the credit union manages a total of 2,643 deposit accounts and 476 loan accounts. Employing a staff of three individuals, Central Vermont Medical Center Inc Credit Union aims to cater to the financial requirements of its members effectively.


Official website here: www.cvmccu.org

Is Central Vermont Medical Center Inc Credit Union legitimate?

Central Vermont Medical Center Inc Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Vermont Medical Center Inc Credit Union 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: $90,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,343

For more financial information, click here


Official website here: www.cvmccu.org

What is the mission statement of Central Vermont Medical Center Inc Credit Union?

The Central Vermont Medical Center Inc Credit Union was established with a mission to provide competitive loan and deposit products to meet the financial needs of its members. This credit union offers a range of services, primarily focused on maintaining members' accounts, paying interest and dividends, and making loans to its members at favorable rates. As of the provided data, the credit union manages 2,643 deposit accounts and 476 loan accounts. The primary aim of Central Vermont Medical Center Inc Credit Union is to cater to the financial requirements of its members in a competitive and beneficial manner.


Official website here: www.cvmccu.org

Who is the CEO of Central Vermont Medical Center Inc Credit Union?

Patrick Reeves is the Treasurer An of Central Vermont Medical Center Inc Credit Union.


Official website here: www.cvmccu.org

What is the revenue of Central Vermont Medical Center Inc Credit Union?

Central Vermont Medical Center Inc Credit Union's revenue in 2022 was $551,943.


Official website here: www.cvmccu.org

Who are the executives of Central Vermont Medical Center Inc Credit Union and what are their salaries?

The average compensation at Central Vermont Medical Center Inc Credit Union during 2022 was $56,345. There are 3 employees and 9 volunteers at Central Vermont Medical Center Inc Credit Union.


Here are 8 key members and their salaries:


Patrick Reeves (Treasurer An)
  • Compensation: $90,692
  • Related: $0
  • Other: $0
Kelly Foy (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Hee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Holland (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dixie Mercier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oreste Reader (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Sweeney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delta Thurston (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cvmccu.org

Where can I find the form 990 for Central Vermont Medical Center Inc Credit Union?

Central Vermont Medical Center Inc Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cvmccu.org

Learn more at the official website: www.cvmccu.org

Mission Statement of Central Vermont Medical Center Inc Credit Union

Central Vermont Medical Center Inc Credit Union was established with a mission to serve its member base by providing competitive loan and deposit products. This nonprofit credit union aims to meet the financial needs of its members, ensuring they have access to essential financial services. By maintaining members' accounts, paying interest and dividends, and making loans at reasonable rates, Central Vermont Medical Center Inc Credit Union plays a vital role in supporting its members' financial well-being. With a total of 2,643 deposit accounts and 476 loan accounts, the credit union demonstrates its commitment to providing financial solutions to its members.

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Impact




October, 2024

Central Vermont Medical Center Inc Credit Union plays a vital role in the financial well-being of its members by offering competitive loan and deposit products tailored to their needs. With a focus on member services, the credit union maintains 2,643 deposit accounts and provides loans to 476 members, reflecting its commitment to fostering financial stability and supporting individual financial goals.

By facilitating access to affordable loans and encouraging savings through interest-bearing accounts, the credit union enhances the financial capacity of its members. This contributes to a stronger community by empowering individuals to make significant purchases, manage unexpected expenses, or plan for future goals. The services provided by the credit union not only help members achieve personal financial milestones but also promote broader economic health within Barre, Vermont.




This information is meant to be a general summary of Central Vermont Medical Center Inc Credit Union. 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
$551,943 (2022)
Expenses
$445,721 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $81,101
  • Program Service Revenue: $413,670
  • Gross Receipts: $551,943

Assets and Liabilities:

  • Total Assets: $14,110,635
  • Total Liabilities: $10,908,315
  • Net Assets: $3,202,320

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$413,670

Organization Details

Founding Year

1970

Principal Officer

Patrick Reeves

Main Address

PO BOX 547, BARRE, VT, 056410547

NTEE Category

Code: W60 - Public benefit

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