Credit Union Of Vermont

About the Credit Union of Vermont

Until recently the Credit Union of Vermont was known as the Federal Family Credit Union of Vermont.

Credit Union of Vermont is a not-for-profit financial cooperative owned by our members and operated for their benefit. The credit union was chartered in 1958 by U.S. Postal Service employees. Membership in the credit union is now open to Federal, State, School, Municipal, and County employees residing or employed in Rutland, Bennington, Windsor, or Addison Counties of Vermont. Retirees and annuitants of these groups, and ALL family members may also join. If you have questions about whether you can join the credit union, please contact us.

When you join the credit union, you become a part owner in a full service financial institution that exists to serve your needs. It's like owning your own bank!

Once you join the credit union your entire family is eligible to join!

A Message from the CEO

With everyone’s concerns about the current economic state, I want to take a moment of your time and make you aware of the Credit Union of Vermont’s exceptional safety and soundness.

• Our assets are federally insured by the National Credit Union Administration (NCUA), the strongest federal insurance agency in the country.

• The Credit Union of Vermont holds a 5-STAR rating (the highest possible) from Bauer Financial and the highest possible rating from the Vermont Department of Banking, Insurance, Securities, and Health Care Administration. We are also consistently rated higher than any other institution in Vermont for our “Total Return to Members” by the national rating service Callahan & Associates.

• Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

• The Credit Union of Vermont, focuses on members - not profits. We remain a safe haven in this economic storm.

• We lend responsibly – we want to be part of your financial solution, not part of your problems. We retain 100% of our loan portfolio, and we have never sold our members’ loans. Our loans are funded by our members’ savings, which have grown strongly, so there are plenty of funds to loan. We encourage members to transfer their loans to the Credit Union of Vermont.

• As member-owned cooperatives, Credit Union balance sheets are not affected by the whims of the stock market.

• The Credit Union of Vermont has nearly $24M in assets, with Capital/Equity at $2,746,682. This equates to a Capital/Equity ratio of 11.67%, well above the 7% which our regulator defines as “well capitalized.” The Credit Union of Vermont has sound business practices and more than adequate insurance on your accounts, and it is ready to serve your financial needs.

• While other lenders are tightening restrictions and cutting back on lending, we are continuing to offer all loans and are increasing our marketing efforts to get the word out to Federal, State, School, Municipal and County Employees and their family members.

• We’re celebrating our 50th year of helping our members as an exceptionally safe alternative to those “other financial institutions”.

If you have any concerns please feel free to call us at 802-773-0027 or 800-892-6900.

Brian Fogg, CEO
Credit Union of Vermont

To see a video from CNN-Money on why credit unions are a safe haven click here.