CENTRAL VERMONT MEDICAL CENTER INC CREDIT UNION

Address
PO BOX 547
BARRE, VT 056410547
Contact
Website: http://www.cvmccu.org
Phone: +1 (802) 371-4211
Nonprofit
NTEE: W61 - Credit Unions
EIN: 22-2610477

Mission

CREDIT UNION MEMBER SERVICES. CENTRAL VT MEDICAL CENTER CREDIT UNION WAS ESTABLISHED TO PROVIDE COMPETITIVE LOAN AND DEPOSIT PRODUCTS AND MEET FINANCIAL NEEDS OF ITS MEMBER BASE.
 20162015201420132012
Basic features of the organization
Year of formation1970
Subsection code14
PF filing required0    
Form of organization
CorporationTrue
Other form of orgTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$99,275.00$94,802.00   
Sum of reportable (W2/1099) compensation$97,031.00$94,802.00$92,014.00$87,989.00$83,951.00
Number of employees54534
Number of people compensated >$100k 0000
Number of volunteers66000
Number of highly compensated contractors 000 
Personnel
Filiault, Connie
TitleBOARD MEMBERDirectorBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personCONNIE FILIAULTCONNIE FILIAULTCONNIE FILIAULTCONNIE FILIAULTCONNIE FILIAULT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00   
Floyd, Careen
Title  BOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated person  CAREEN FLOYDCAREEN FLOYDCAREEN FLOYD
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Foy, Kelly
TitleBOARD MEMBERDirectorBOARD MEMBERBOARD MEMBER 
Name of key/compensated personKELLY FOYKELLY FOYKELLY FOYKELLY FOY 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs 0.00   
Holland, Kelly
TitleBOARD MEMBERDirectorBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personKELLY HOLLANDKELLY HOLLANDKELLY HOLLANDKELLY HOLLANDKELLY HOLLAND
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00   
Morrow, Karin
TitleCHAIRPERSONCHAIRPERSONCHAIRPERSONCHAIRPERSONCHAIRPERSON
Name of key/compensated personKARIN MORROWKARIN MORROWKARIN MORROWKARIN MORROWKARIN MORROW
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00   
Pelletier, Kathaleen
Title    BOARD MEMBER
Name of key/compensated person    KATHALEEN PELLETIER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Trepanier, Steven
TitleVICE CHAIRPEVICE CHAIRVICE CHAIRPERSONVICE CHAIRPERSONVICE CHAIRPERSON
Name of key/compensated personSTEVEN TREPANIERSTEVEN TREPANIERSTEVEN TREPANIERSTEVEN TREPANIERSTEVEN TREPANIER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00   
Wehe, Dana
TitleBOARD MEMBERDirector   
Name of key/compensated personDANA WEHEDANA WEHE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs 0.00   
Williams, Susana
TitleTREASURER/SEMANAGER/TREASURTREASURER/MANAGER/CEOTREASURER/MANAGER/CEOTREASURER/MANAGER/CEO
Name of key/compensated personSUSANA E D WILLIAMSSUSANA WILLIAMSSUSANA D WILLIAMSSUSANA D WILLIAMSSUSANA D WILLIAMS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$97,031.00$94,802.00$92,014.00$87,989.00$83,951.00
Other comp, non-reportable, from org and related orgs$2,244.00$2,262.00$2,278.00$2,171.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCREDIT UNION MEMBER SERVICES. CENTRAL VT MEDICAL CENTER INC. CREDIT UNION WAS ESTABLISHED TO PROVIDE COMPETETIVE LOAN AND DEPOSIT PRODUCTS AND MEET FINANCIAL NEEDS OF ITS MEMBER BASE.CREDIT UNION MEMBER SERVICES. CENTRAL VT MEDICAL CENTER INC. CREDIT UNION WAS ESTABLISHED TO PROVIDE COMPETETIVE LOAN AND DEPOSIT PRODUCTS AND MEET FINANCIAL NEEDS OF ITS MEMBER BASE.CENTRAL VERMONT MEDICAL CENTER CREDIT UNION WILL STRIVE TO CONSISTENTLY EXCEED MEMBER EXPECTATIONS BY DELIVERING AFFORDABLE PRODUCTS AND CONVENIENT FINANCIAL SERVICES.CENTRAL VERMONT MEDICAL CENTER CREDIT UNION WILL STRIVE TO CONSISTENTLY EXCEED MEMBER EXPECTATIONS BY DELIVERING AFFORDABLE PRODUCTS AND CONVENIENT FINANCIAL SERVICES.CENTRAL VERMONT MEDICAL CENTER CREDIT UNION WILL STRIVE TO CONSISTENTLY EXCEED MEMBER EXPECTATIONS BY DELIVERING AFFORDABLE PRODUCTS AND CONVENIENT FINANCIAL SERVICES.
Program service expenses, total$35,661.00$37,881.00$413,964.00$445,830.00$435,629.00
Programs, including revenue & expenses
MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THERON. NUMBER OF DEPOSIT ACCOUNTS IS 3,120. MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF LOAN ACCOUNTS IS 825.
Program expenses$35,661.00$37,881.00   
Program revenue$546,975.00$555,693.00   
Program descriptionMAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THERON. NUMBER OF DEPOSIT ACCOUNTS IS 3,120. MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF LOAN ACCOUNTS IS 825.MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF ACCOUNTS 861.   
PROGRAM SERVICES RELATE TO DAILY OPERATIONS OF A LOCALLY CONTROLLED, FULL SERVICE CREDIT UNION. WE MAKE LOANS, ACCEPT DEPOSIT ACCOUNTS, AND CONTINUALLY AND EFFICIENTLY PROVIDE OTHER RELEVANT FINANCIAL SERVICES TO A MEMBER BASE OF APPROXIMATELY 1,624 INDIVIDUALS.
Program expenses  $413,964.00$445,830.00$435,629.00
Program revenue  $700,175.00$700,472.00$668,031.00
Program description  PROGRAM SERVICES RELATE TO DAILY OPERATIONS OF A LOCALLY CONTROLLED, FULL SERVICE CREDIT UNION. WE MAKE LOANS, ACCEPT DEPOSIT ACCOUNTS, AND CONTINUALLY AND EFFICIENTLY PROVIDE OTHER RELEVANT FINANCIAL SERVICES TO A MEMBER BASE OF APPROXIMATELY 1,624 INDIVIDUALS.PROGRAM SERVICES RELATE TO DAILY OPERATIONS OF A LOCALLY CONTROLLED, FULL SERVICE CREDIT UNION. WE MAKE LOANS, ACCEPT DEPOSIT ACCOUNTS, AND CONTINUALLY AND EFFICIENTLY PROVIDE OTHER RELEVANT FINANCIAL SERVICES TO A MEMBER BASE OF APPROXIMATELY 1,624 INDIVIDUALS.PROGRAM SERVICES RELATE TO DAILY OPERATIONS OF A LOCALLY CONTROLLED, FULL SERVICE CREDIT UNION. WE MAKE LOANS, ACCEPT DEPOSIT ACCOUNTS, AND CONTINUALLY AND EFFICIENTLY PROVIDE OTHER RELEVANT FINANCIAL SERVICES TO A MEMBER BASE OF APPROXIMATELY 1,612 INDIVIDUALS.
Financial data
Revenue
Total revenue$666,981.00$679,198.00$702,243.00$702,898.00$678,877.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$26,784.00$24,612.00$17,939.00$13,645.00$12,942.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$1,952.00$2,154.00$2,068.00$2,426.00$10,846.00
Other revenue, current yr$93,222.00$98,893.00$107,493.00$106,676.00$107,460.00
Net unrelated business taxable revenue-$5,166.00-$3,970.00-$8,695.00-$7,412.00-$3,697.00
Program service revenue (total)$546,975.00$555,693.00$576,811.00$582,577.00$558,475.00
Gross receipts$703,481.00$682,423.00$702,243.00$702,898.00$678,877.00
Other types of revenue
Royalties (total) $0.00   
Miscellaneous revenue (total)$93,222.00$98,893.00$107,493.00$106,676.00$107,460.00
Net revenue from gaming (total) $0.00   
Income from dividends, interest, and similar investments$32,830.00$26,447.00$17,939.00$13,645.00$12,942.00
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events $0.00   
Net inventory sales (total) $0.00   
Expense categories (totals)
Total functional expenses: sum of all$471,186.00$424,014.00$413,964.00$445,830.00$435,629.00
Total functional expenses: program service $35,661.00$37,881.00$413,964.00$445,830.00$435,629.00
Total functional expenses: management and general$435,525.00$386,133.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total) $0.00   
Legal fees (total) $0.00$993.00 $183.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total) $0.00   
Investment management fees (total) $0.00   
Assets and liabilities
Total assets$11,688,639.00$10,777,995.00$11,952,670.00$10,398,370.00$10,166,141.00
Total assets, beginning of year$10,777,995.00$11,952,670.00$10,398,370.00$10,166,141.00$9,360,781.00
Total liabilities$9,282,570.00$8,567,721.00$9,997,580.00$8,731,559.00$8,756,400.00
Total liabilities, beginning of year$8,567,721.00$9,997,580.00$8,731,559.00$8,756,400.00$8,194,288.00
Pledges & accounts receivable, net $0.00   
Loans & receivables from key persons$12,540.00$29,567.00   
Net assets$2,406,069.00$2,210,274.00$1,955,090.00$1,666,811.00$1,409,741.00
Net assets, beginning of year$2,210,274.00$1,955,090.00$1,666,811.00$1,409,741.00$1,166,493.00
Other liabilities$9,251,459.00$8,544,400.00$9,968,666.00$8,710,652.00$8,721,476.00
Intangible assets $0.00   
Other assets$109,480.00$119,116.00$102,243.00$116,234.00$115,295.00
Investments: other securities $0.00   
Investments: publicly traded securities $0.00   
Cash: non-interest bearing$312,731.00$184,957.00$1,513,771.00$1,561,765.00$1,508,672.00
Cash: non-interest bearing, beginning of year$184,957.00$289,081.00$1,561,765.00$1,508,672.00$1,389,815.00
Investments -- program-related $0.00   
Inventories for sale or use $0.00   
Other financial variables
Revenue less expenses$195,795.00$255,184.00$288,279.00$257,068.00$243,248.00
Advertising (total)$900.00$61.00$62.00$112.00$549.00
Savings & temp cash investment$5,313,742.00$4,327,246.00$4,332,548.00$2,630,196.00$2,474,927.00
Accounts receivable, net $3,197.00$2,040.00$1,642.00$654.00
Prepaid expenses & deferred charges$31,866.00$26,946.00$30,809.00$25,251.00$16,251.00
Accounts payable & accrued expenses$31,111.00$23,321.00$28,914.00$20,907.00$34,924.00
Total net assets or fund balances$2,406,069.00$2,210,274.00$1,955,090.00$1,666,811.00$1,409,741.00
Depreciation, depletion, amortization$14,792.00$13,630.00$17,644.00$13,296.00$18,616.00
Payment to affiliates $0.00   
Governance and accountability
Number of voting members77777
Number of independent voting members66777
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Has local chaptersTrueTrueTrueTrueTrue
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-12-052016-09-152015-07-242014-10-012013-08-06
IRS schema version2016v3.02015v2.02014v5.02013v3.02012v2.1
Filing identifier201712859349301216201621319349302652201501339349304950201401349349303275201311339349301901
Use these data in your project Benchmark this organization against its peers