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

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Checking Accounts

Savings, CD & Money Market Accounts icon

Savings, CD & Money Market Accounts

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Visa Business
Credit Cards


Merchant Services

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Business Loans &
Lines of Credit

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Online Banking

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Business Insurance

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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

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

Ian Carrol - Business Banking-1
Melanie Saia

Melanie Saia

Business Loan Officer

NMLS #2485708

Mel is a native Vermonter, currently residing in the center of Vermont with her family, which also includes her three large dogs. Mel brings with her over 15 years of banking experience and is dedicated to working with business members to support Vermont’s economy. Mel is passionate about using financing to facilitate growth and continues to play an integral role in helping Vermont businesses navigate through COVID-19 to recovery. Mel is an experienced real-estate expert who is committed to helping business members strategize and structure financing in all forms of real estate acquisition. In the warm weather you can most likely catch Mel kayaking. Once the weather starts to get cold, it’s time for football!

Phone: (802) 923-1185

Watch OUr Vermont Business SPotlight!

Join us on an awe-inspiring journey through the heart of this beautiful state as we uncover the hidden gems that make Vermont truly exceptional. 

In this exclusive series, we chat with extraordinary business owners who have chosen Vermont as the backdrop for their incredible journeys. They not only bring their dreams to life but also embody the core values that make this state so unique.

Stay tuned as we embark on this captivating journey together, celebrating the spirit of entrepreneurship and the beauty of Vermont. 

Still Have Questions?

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