July 10, 2025 -
Rutland, VT - Vermont Federal Credit Union and Credit Union of Vermont are excited to announce their intent to merge, a strategic decision currently pending regulatory approval and a vote by the Credit Union of Vermont membership later this year. This merger represents a significant advancement for both institutions, bringing them together through common origins and a mutual commitment to the communities they serve. As part of this merger, Vermont Federal Credit Union will emerge as the continuing credit union, leading the combined entity into a new era of growth and service excellence.
Bryan Kent, President and CEO of Credit Union of Vermont, has expressed his support for this merger, stating, “Joining forces with Vermont Federal Credit Union represents an exciting opportunity to strengthen our mission and better serve our members. This merger ensures that our members and employees benefit from enhanced resources, innovative solutions, and a continued commitment to the values we’ve always held dear. Together, we are building something even better."
“By unifying our efforts, we can bring our creative, individual solutions to more Vermonters,” states Jean Giard, Vermont Federal Credit Union, President and CEO. “Whether it’s buying a home, a first car, or paying for a child’s education, we are committed to helping people find a financial path forward. We look forward to joining the Rutland community and welcoming Credit Union of Vermont’s members and employees to Vermont Federal.”
Following the necessary regulatory approval and a positive vote from the members, Credit Union of Vermont will continue to operate under its own identity and brand until its operations are fully integrated into Vermont Federal Credit Union’s infrastructure. Both credit unions are committed to keeping their members informed of all developments through a shared microsite (www.vermontfederal.org/bettertogether) and other applicable communication channels.
The merger’s expected legal effective date is projected to be in the last quarter of 2025, with the systems integration process extending into early 2026. Upon the successful completion of the merger, members will benefit from access to 9 Vermont branch locations, as well as enjoy free transactions at an extended nationwide network of 5,600 partner locations, significantly enhancing their banking convenience and accessibility. The combined credit union will serve over 60,000 members. Jean Giard, CEO of Vermont Federal, would be the CEO of the combined credit union.
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 to all family members of eligible individuals. Credit Union of Vermont operates with the same values it was founded on: Service, Community, and Integrity.
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 55,000 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. Vermont Federal Credit Union is committed to supporting its communities and helping Vermonters prosper, no matter where they may be on life’s journey.
For media inquiries, please contact:
Bryan Kent President and CEO of Credit Union of Vermont bkent@cuvermont.coop
Jean Giard President & CEO of Vermont Federal Credit Union president.ceo@vermontfederal.org
