2024-08-07T13:59:09-04:00 2023-12-31 472604526 MYSTIC ACCOUNTING GROUP LLP PO BOX 397 MYSTIC CT 06355 990 2023-01-01 222610477 CENTRAL VERMONT MEDICAL CENTER INC CREDIT UNION CENT 8023714211 PO BOX 547 BARRE VT 056410547 PATRICK REEVES TREASURER AND CEO 8023714211 2024-06-29 true true NANETTE A BANCROFT CPA P01315598 8605361040 2024-07-29 2023 2024-08-08 14:25:15Z PATRICK REEVES PO BOX 547 BARRE VT 05641 726406 false X WWW.CVMCCU.ORG X 1970 VT 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. 8 7 3 8 2 0 413670 375811 81101 294813 57172 55782 551943 726406 0 0 182485 191393 0 0 263236 404420 445721 595813 106222 130593 14110635 12862476 10908315 9553091 3202320 3309385 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. false false MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THERON. NUMBER OF DEPOSIT ACCOUNTS IS 2,559. MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF LOAN ACCOUNTS IS 444. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 258 0 true 3 true false false false false false false false false X 8 7 false false false false true true true true true false false false true true true false false true true false VT X PATRICK REEVES 8023714211 PO BOX 547 BARRE VT 05641 PATRICK REEVES TREASURER AN 40.00 X X 92724 0 0 KELLY FOY VICE CHAIRPE X X 0 0 0 EILEEN HEE BOARD MEMBER 0.00 X 0 0 0 KELLY HOLLAND CHAIRPERSON X X 0 0 0 DIXIE MERCIER BOARD MEMBER X 0 0 0 MICHELLE QUESNEL BOARD MEMBER X 0 0 0 ORESTE READER BOARD MEMBER X 0 0 0 KATE SWEENEY BOARD MEMBER X 0 0 0 92724 false false false LOAN INCOME 375811 375811 375811 294813 294813 SHARE DRAFT FEES AND CHARGES 28277 28277 FEES AND CHARGES 14324 14324 OTHER INCOME 13179 13179 2 2 55782 726406 726404 2 92724 83183 2029 13457 24547 13284 17694 22017 32606 1667 14894 PROVISION FOR LOAN LOSS 137529 OUTSIDE SERVICES 74156 ATM EXPENSES 25149 DUES 19898 20979 595813 0 0 0 979530 1034777 8349195 6616593 33805 29730 4419973 4800749 44962 29758 184630 161837 24460 22793 258710 328076 14110635 12862476 78549 73302 10829766 9479789 10908315 9553091 X 3202320 3309385 3202320 3309385 14110635 12862476 X 130593 -23528 X false false false 16473 16473 168157 145364 22793 22793 MEMBER SHARE AND DEPOSIT ACCOUNTS 9479789 9479789 FORM 990, PAGE 6, PART VI, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B ANY CHANGES TO THE INCORPORATING DOCUMENTS, I.E. BYLAWS ARE APPROVED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990/990T IS PREPARED BY AN OUTSIDE FIRM AND REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C SUPERVISORY COMMITTEE REVIEWS BOARD MEMBER ACCOUNTS PERIODICALLY AND ALL NEW ACCOUNTS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS BASED ON EARNINGS AND THE INDUSTRY (CUNA SALARY SURVEY). COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS BASED ON EARNINGS AND THE INDUSTRY (CUNA SALARY SURVEY). COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON THE BULLETIN BOARD AND ALL OTHER DOCUMENTS ARE MADE AVAILABLE PER REQUEST. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -11,510 CECL ADJUSTMENT -12,018 TOTAL -23,528