Nonprofit · EIN 03-0189525
ASSOCIATION OF VERMONT CREDIT UNIONS INC
Tax-exempt · COLCHESTER, VT 05446
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $559,999 | $1,117,206 | -$557,207 | $3,585,562 | $983,741 | $2,601,821 |
| December 31, 2024 | 990 | $651,237 | $690,388 | -$39,151 | $3,575,004 | $417,698 | $3,157,306 |
| December 31, 2023 | 990 | $652,145 | $605,716 | $46,429 | $3,447,862 | $252,315 | $3,195,547 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $436,200
- Membership dues
- $436,200
- Program service revenue
- $0
- Investment income
- -$122,659
- Royalties
- $55,628
- Other revenue
- $246,458
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $906,858
- Other salaries and wages
- $293,072
- Salaries, compensation and benefits (total)
- $1,395,568
- Professional fundraising fees
- $0
- Legal fees
- $7,045
- Accounting fees
- $6,525
- Occupancy
- $6,000
- Travel
- $18,753
Balance sheet and other
- Total assets, start of year
- $3,575,004
- Total assets, end of year
- $3,585,562
- Total liabilities, end of year
- $983,741
- Net assets, end of year
- $2,601,821
- Publicly traded securities
- $23,695
- Net assets without donor restrictions
- $2,553,779
- Net assets with donor restrictions
- $48,042
- Gross unrelated business income
- $55,628
- Gross receipts
- $559,999
- Employees
- 6
- Volunteers
- 11
- Year formed
- 1947
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH BERGERON | PRESIDENT & CEO Trustee or director, Officer | 40 | $209,101 | $471,430 |
| CARRIE ALLEN | EVP & COO Officer | 40 | $181,203 | $45,124 |
| JEAN GIARD | CHAIR Trustee or director | 1 | $0 | $0 |
| JOHN DWYER | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| BRETT SMITH | SECRETARY Trustee or director | 1 | $0 | $0 |
| LISA HUYER | TREASURER Trustee or director | 1 | $0 | $0 |
| STACY BENOIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT LAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH BERGERON | PRESIDENT Trustee or director, Officer | 40 | $186,790 | $27,315 |
| CHRISTINE DAVIDSON | VICE PRESIDENT Officer | 40 | $124,398 | $38,827 |
| CARRIE LIN ALLEN | EVP & COO Officer | 40 | $66,429 | $4,988 |
| STACY BENOIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN DWYER | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| BRETT SMITH | SECRETARY Trustee or director | 1 | $0 | $0 |
| LISA HUYER | TREASURER Trustee or director | 1 | $0 | $0 |
| ROBERT LAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN GIARD | CHAIR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH BERGERON | PRESIDENT Trustee or director, Officer | 40 | $180,066 | $25,796 |
| CHRISTINE DAVIDSON | VICE PRESIDENT Officer | 40 | $104,722 | $38,634 |
| SEAN GAMMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARRIE LIN ALLEN | CHAIR Trustee or director | 1 | $0 | $0 |
| RICK HOMMEL | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| ROBERT LAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN GIARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRETT SMITH | SECRETARY Trustee or director | 1 | $0 | $0 |
| LISA HUYER | TREASURER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 WATERTOWER CIR STE 203, COLCHESTER, VT 05446-1914
- Principal officer (990 for 2025)
- CARRIE L ALLEN, 401 WATER TOWER CIRCLE STE 203, COLCHESTER, VT 05446
- Signed the 990
- CARRIE L ALLEN, PRESIDENT & CEO
- Phone
- (802) 863-7848
- Website
- WWW.VERMONTCREDITUNIONS.COOP
- Return prepared by
- AM PEISCH & COMPANY LLP
Mission
ASSISTING VERMONT MEMBER CREDIT UNIONS IN ANY WAY POSSIBLE WITH IMPROVING THEIR OVERALL LEVEL OF SERVICE TO THEIR MEMBERS AND CONSUMERS.
Program accomplishments
- ORGANIZATION, DEVELOPMENT AND PROMOTION OF VERMONT CREDIT UNIONS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0189525
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,585,562
- Income (IRS master file)
- $559,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $559,999 | $1,117,206 | $3,585,562 | IRS |
| 990 | December 2024 | $651,237 | $690,388 | $3,575,004 | IRS |
| 990 | December 2023 | $652,145 | $605,716 | $3,447,862 | XML |
| 990 | December 2022 | $895,464 | $767,372 | $3,292,350 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0189525).
Questions about ASSOCIATION OF VERMONT CREDIT UNIONS INC
- What is the EIN of ASSOCIATION OF VERMONT CREDIT UNIONS INC?
- The employer identification number (EIN) of ASSOCIATION OF VERMONT CREDIT UNIONS INC is 03-0189525.
- Is ASSOCIATION OF VERMONT CREDIT UNIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to ASSOCIATION OF VERMONT CREDIT UNIONS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION OF VERMONT CREDIT UNIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSOCIATION OF VERMONT CREDIT UNIONS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION OF VERMONT CREDIT UNIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ASSOCIATION OF VERMONT CREDIT UNIONS INC?
- The 990 for the year ended December 31, 2025 names CARRIE L ALLEN.
- Who are the officers and directors of ASSOCIATION OF VERMONT CREDIT UNIONS INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $209,101 (JOSEPH BERGERON, PRESIDENT & CEO).
- How much revenue does ASSOCIATION OF VERMONT CREDIT UNIONS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $559,999, expenses of $1,117,206 and total assets of $3,585,562 at year end.
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