Question 1

What is CVPH Employees Credit Union?

Accepted Answer

CVPH Employees Credit Union is a federally chartered credit union serving employees of the University of Vermont Health Network - Champlain Valley Physicians Hospital (CVPH) in Plattsburgh, New York. With approximately $10.4 million in assets and over 1,300 members, this small, specialized credit union provides personalized financial services to healthcare workers and staff at one of northern New York's major medical facilities.

As a member-owned, nonprofit financial cooperative, the credit union focuses on delivering competitive rates and member-centric banking solutions tailored to the needs of CVPH Medical Center employees.

Question 2

When was CVPH Employees Credit Union founded?

Accepted Answer

CVPH Employees Federal Credit Union was founded on November 18, 1975, by Raymond Mousseau with the assistance of Fayrene Ashline. Their vision was to establish a dedicated financial institution that would serve the employees of CVPH Medical Center, providing them with accessible, affordable financial services.

The credit union was chartered as a nonprofit cooperative owned by its members and has been serving the CVPH employee community for nearly five decades. Today, the credit union is managed by CEO Cassie L. Mooney under the guidance of a volunteer Board of Directors.

Question 3

Where is CVPH Employees Credit Union headquartered?

Accepted Answer

CVPH Employees Credit Union is headquartered at 75 Beekman Street in Plattsburgh, New York. The credit union is conveniently located on the first floor of CVPH Medical Center, making it easily accessible to hospital employees during their work shifts.

This on-site location reflects the credit union's commitment to providing convenient banking services to its core membership base.

Question 4

Where does CVPH Employees Credit Union operate?

Accepted Answer

CVPH Employees Credit Union operates exclusively at its single branch location within CVPH Medical Center at 75 Beekman Street in Plattsburgh, New York. The credit union serves the Plattsburgh area in Clinton County, which is part of New York's North Country region near Lake Champlain and the Canadian border.

Membership is primarily restricted to employees of CVPH Medical Center and their family members, creating a tight-knit financial community centered around the hospital and its workforce.

Question 5

What services does CVPH Employees Credit Union offer?

Accepted Answer

CVPH Employees Credit Union offers a range of financial services designed to meet the needs of healthcare workers, including:

Deposit Accounts: Share (savings) accounts with federal insurance up to $250,000 through the NCUA, providing members with secure savings options.

Loan Products: Personal loans with competitive rates, including options for new purchases and refinancing. The credit union also offers rate matching on loans to ensure members receive favorable terms.

Member Services: Personalized financial guidance and account management, with staff dedicated to helping members achieve their financial goals.

The credit union emphasizes its commitment to member service, ensuring that once someone becomes a member, they remain a member for life, even if their employment status changes.

Question 6

What makes CVPH Employees Credit Union unique?

Accepted Answer

CVPH Employees Credit Union stands out for its hyperlocal focus and convenient on-site location within CVPH Medical Center. Being physically situated on the first floor of the hospital allows members to conduct banking transactions during breaks or shift changes without leaving the workplace.

The credit union's small size fosters a personal, relationship-based banking experience where staff members know their members by name. With approximately 1,300 members, the institution maintains an intimate community atmosphere uncommon in larger financial institutions.

Additionally, the credit union's specialization in serving healthcare workers means it understands the unique financial needs and schedules of medical professionals, including nurses, physicians, and support staff working various shifts.

Question 7

What type of financial institution is CVPH Employees Credit Union?

Accepted Answer

CVPH Employees Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, it operates under federal guidelines and provides federal deposit insurance to protect member savings up to $250,000.

The credit union operates as a member-owned financial cooperative, meaning members are also owners with voting rights in credit union governance. Membership is restricted to employees of CVPH Medical Center and their immediate family members, creating a select employee group (SEG) credit union structure.

This cooperative model allows the credit union to return profits to members through competitive rates, lower fees, and enhanced services rather than distributing earnings to outside shareholders.

CVPH Employees Credit Union

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About CVPH Employees Credit Union in the United States