January 2, 2026 -
South Burlington, VT - Vermont Federal Credit Union and Credit Union of Vermont are pleased to announce that the proposed merger between the two institutions was officially approved following a membership vote that concluded on December 15. With prior authorization from the National Credit Union Administration (NCUA) already in place, members of Credit Union of Vermont voted in favor of the merger, finalizing the decision and enabling both credit unions to move forward as a single, unified organization.
“We are grateful to the Credit Union of Vermont members for their trust and support,” said Jean Giard, President and CEO of Vermont Federal Credit Union. “This merger will unite two community-driven credit unions with a long-standing commitment to member service and financial success. We are excited to welcome Credit Union of Vermont’s members and employees to our team, and we look forward to building on the combined strengths of both institutions.”
Bryan Kent, President and CEO of Credit Union of Vermont, expressed his appreciation for the outcome, stating, “This positive vote reflects our members’ confidence in the benefits of this partnership. Joining Vermont Federal Credit Union ensures long-term stability, broader resources, and meaningful advantages for the individuals and families we serve. Together, we will continue to expand opportunities for our members and for the communities we call home.”
As a result of the approved merger, Vermont Federal Credit Union now serves over 63,000 members, and offers access to nine Vermont branch locations. Members will also benefit from an enhanced suite of products, expanded services, increased convenience, and a broader range of innovative digital banking solutions, while maintaining the personalized, community-focused service that members in Vermont expect and deserve
Credit Union of Vermont will continue operations as Credit Union of Vermont: A Division of Vermont Federal Credit Union. Full systems integration is set to be completed later in 2026. Both credit unions will continue to share updates at www.vermontfederal.org/bettertogether.
About Vermont Federal Credit Union
Vermont Federal Credit Union is a full-service, not-for-profit cooperative financial institution that has served Vermonters for more than 70 years, with eight locations currently serving over 59,000 members. Members are part of a cooperative, meaning they share ownership in the Credit Union and elect a volunteer board of directors. Vermont Federal Credit Union provides membership to anyone who lives, works, worships, or attends school in Vermont. The Credit Union is committed to supporting its communities and helping Vermonters prosper, no matter where they may be on life’s journey.
About Credit Union of Vermont
Credit Union of Vermont is a Rutland-based, not-for-profit, member-owned cooperative founded to serve the financial needs of Postal and Federal employees and their families. Today, membership is open to Federal, State, Municipal, County, and School employees who live or work anywhere in Vermont, as well as all family members of eligible individuals. Credit Union of Vermont operates with the same values it was founded on: Service, Community, and Integrity.
For Media Inquiries, Please Contact:
Bryan Kent
President & CEO, Credit Union of Vermont
bkent@cuvermont.coop
Jean Giard
President & CEO, Vermont Federal Credit Union president.ceo@vermontfederal.org
