WELCOME TO VERMONT'S
CREDIT UNION

We're excited to share some big news about the future of Vermont Federal Credit Union and Credit Union of Vermont. Check out the video below to find out more!

UNITED BY HISTORICAL ROOTS

Vermont Federal Credit Union and Credit Union of Vermont were both founded in the 1950s with a collective vision to offer dedicated financial services to U.S. Postal Service workers.

With strong roots in the postal service and longstanding connections to the communities we serve, we are excited to unite our visions to create a Credit Union for Vermonters, by Vermonters.

Vermont Federal Credit Union was founded in 1953 as the Burlington Postal Employees Credit Union. Just a short time later, the Credit Union was renamed to the U.S. Government Employees Credit Union of Chittenden County. The Credit Union's connection to these roots remains strong, as many government employees in Vermont are still loyal members of Vermont Federal.

In 1990, members decided to change the Credit Union from a state to a federal charter, becoming Vermont Federal Credit Union in 1991. After a series of expansions and mergers, Vermont Federal Credit Union was granted a community charter in 2001.

Today Vermont Federal Credit Union operates under a community charter, opening the possibility of membership to anyone who lives, works, worships, or attends school in the state of Vermont, as well as any of their family members.

PURPOSE:
To help Vermonters prosper, no matter where they may be on life’s journey.

CORE VALUES:
• We do the right thing, always.
• We believe wholeheartedly in what we do.
• We’re genuine, generous, and kind.
• We respect each other, regardless of our differences.
• We go above and beyond for members and each other.

GENERAL INFORMATION:
• Total Assets: Approximately $1,000,000,000
• Location: South Burlington, VT
• Branches: 8
• Employees: 175

: Vermont Federal Credit Union was founded in 1953 as the Burlington Postal Employees Credit Union. Just a short time later, the Credit Union was renamed to the U.S. Government Employees Credit Union of Chittenden County. The Credit Union's connection to these roots remains strong, as many government employees in Vermont are still loyal members of Vermont Federal.

In 1990, members decided to change the Credit Union from a state to a federal charter, becoming Vermont Federal Credit Union in 1991. After a series of expansions and mergers, Vermont Federal Credit Union was granted a community charter in 2001.

Today Vermont Federal Credit Union operates under a community charter, opening the possibility of membership to anyone who lives, works, worships, or attends school in the state of Vermont, as well as any of their family members.

PURPOSE:
To help Vermonters prosper, no matter where they may be on life’s journey.

CORE VALUES:
• We do the right thing, always.
• We believe wholeheartedly in what we do.
• We’re genuine, generous, and kind.
• We respect each other, regardless of our differences.
• We go above and beyond for members and each other.

GENERAL INFORMATION:
• Total Assets: Approximately $1,000,000,000
• Location: South Burlington, VT
• Branches: 8
• Employees: 175
: Credit Union of Vermont was chartered in 1958 by U.S. Postal Service employees to serve the needs of Postal and Federal employees and their families. Today, they remain dedicated to serving the needs of government employees.

Today membership in the credit union is open to Federal, State, School, Municipal and County employees residing or employed anywhere in Vermont. Membership is also open to ALL family members.

MISSION:
As a member owned, not-for-profit financial institution, our mission is to serve our members by providing a wide range of financial services on advantageous terms, in a professional and friendly atmosphere,
while ensuring the credit union’s financial stability.

CORE VALUES:
As a not-for-profit financial cooperative serving Postal, Federal, State, School, Municipal, and County Employees and their family members, we continue our commitment to providing exceptional financial services while maintaining strong community ties.

GENERAL INFORMATION:
• Total Assets: Approximately $79,000,000
• Location: Rutland, VT
• Branches: 1
• Employees: 8

Frequently asked questions

Nothing is changing yet! We will be continuing business as usual while we work through regulatory and other approvals over the next several months. Throughout this process, you will be notified well in advance of any changes and steps you need to take. We will be here to help every step of the way.

: This exciting announcement means that Vermont Federal Credit Union intends to merge with Credit Union of Vermont, pending regulatory and membership approval. This strategic merger represents a partnership between two credit unions with rich histories and deep roots in their communities, for the benefit of their members, employees, and communities.
: BETTER ACCESS:

Together we will have 9 branch locations throughout Vermont to serve members and robust digital services to help you bank using your preferred method.

EXPANDED PRODUCTS/SERVICES:
As a member, you will have access to a more robust product and service line, a dedicated call center, weekend branch hours, and access to digital banking services.

COMMUNITY IMPACT:
Through combined resources and expanded outreach programs, we would strengthen our ability to support local initiatives, promote financial literacy, and foster economic growth throughout Vermont.

STABILITY AND SECURITY:
Combining our organizations positions us with greater financial strength and stability. By joining forces, we plan to create a stronger institution that would provide greater peace of mind and security for our members and their deposits.

MORE RESPONSIVE TO EVOLVING FINANCIAL NEEDS:
This partnership is a strategic decision aimed at ensuring long-term sustainability and prosperity and would allow the combined credit union to better anticipate and meet the financial needs of members in a competitive financial services industry.

SAME KNOWLEDGEABLE, FRIENDLY EMPLOYEES:
Rest assured, you will still bank with the same familiar faces that you have been across both institutions.
: At this time, the member experience will remain the same. We will work through regulatory and other approvals, as well as an integration, for many months. We will communicate with members throughout the process to ensure a smooth transition.

Members will continue to have access to the same locations and friendly teams. You can continue to expect outstanding digital banking, community support, and products and services.
: Each credit union is participating in the merger application process needed to seek and obtain regulatory approval from the NCUA and the Vermont Department of Financial Regulation. We anticipate this process could take up to 6 months or longer to complete. Following regulatory approval, additional information will be provided to our members, and ultimately, Credit Union of Vermont members will have the opportunity to vote on the merger. We’ll continue to keep you posted throughout the process.
: After the merger is completed and all systems are integrated, the combined credit union’s name will be Vermont Federal Credit Union.
: Overall, our combined assets would be more than $1 billion, serving more than 60,000 members with 9 branches throughout Vermont. With a competitive physical presence and added strengths in products, services, personnel, and technology, we would be able to better serve our members and our communities. It’s important to add that while our new asset size is slightly larger, our joint commitment and focus remain to provide the best value to our members, employees, and the communities we serve.
: The boards of both credit unions are in favor of the proposed merger and are very excited about the growth and benefits it would bring. This partnership will enhance the financial well-being of our members by providing them with more robust banking solutions. Our employees will benefit from increased opportunities for professional development. And lastly, our communities will experience positive impacts through our continued commitment to local economic development and support for community initiatives.
: No. Our team members are integral to our success, and both credit unions recognize the importance of retaining talented and dedicated team members. This merger is a growth opportunity, and we will require the knowledge and passion of both staff and leadership to unite as one.