You work hard for your business, and so should your financial institution. Vermont Federal supports local businesses and the tight knit culture of our community. We offer products and services that will help your business thrive, and a partnership that you can lean on.

Our Small Business Products and Services

Business Checking Accounts icon

Checking Accounts

Savings, CD & Money Market Accounts icon

Savings, CD & Money Market Accounts

Visa Business Credit Cards icon

Visa Business
Credit Cards


Merchant Services

Business Loans & Lines of Credit icons

Business Loans &
Lines of Credit

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Online Banking

Business Insurance icon

Business Insurance

real estate loan icon

Real Estate Loans

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Vermonters embrace the local-first lifestyle. Vermont Federal is made up of people like you, who support local businesses and want to see them grow. It seems to us that we’d be the perfect fit.

Contact Us

Meet our Dedicated Business Services Team


Zachary Chilcote

Business Services Manager

NMLS #1417345

Zack joined Vermont Federal Credit Union in 2019, bringing vast experience in real estate transactions. Zack has been a lender for nearly a decade and focuses his real estate experience on financing complex commercial transactions in addition to helping grow and scale commercial and industrial businesses. At Vermont Federal Credit Union, Zack has worked with businesses of all sizes and life stages from start-up through scaling, working closely with his experienced team to provide Vermont businesses with the capital needed to grow and thrive.

Zack is a Vermont native and was born and raised in Burlington. He graduated from Marlboro College with a B.A. in Economics and Mandarin Chinese with a concentration in urban development. After college, Zack worked extensively as a community development lender with a focus on affordable housing and access to credit for low-to-moderate income borrowers. He resides with his wife and dog “Gus” in South Burlington.

Phone: (802) 923-1200

Nicole Callahan

Business Loan Officer

NMLS #1518017

Nicole joined Vermont Federal in 2014 and has worked in various roles throughout our branch network over the last 8 years. In 2021 she led the opening of our Essex location as the branch manager. Nicole joined the business lending team in 2022 and looks forwarding to assisting our business members with their lending needs.  

Nicole was raised in Burlington, Vermont and currently resides in South Burlington with her fiancé and their dog.

Phone: (802) 923-1177


Ian Carroll

Business Loan Officer

NMLS #2436160

Ian joined the Credit Union in 2022. Ian comes to Vermont Federal with 20 years of financial experience seven of them in the Business Lending community.  Ian was born and raised in Burlington and resides in Essex with his wife and 2 daughters.  He and his wife also recently created a new nonprofit entity called Big Beautiful Life ( that focuses on “Spreading joy to children in medical crisis, supporting their helpers and raising awareness about medical complexity."

Phone: (802) 923-1186

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