Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
VSECU becomes first CU to serve all Vermonters
MONTPELIER, Vt. (12/7/09)--Vermont State Employees CU (VSECU) is the first credit union in Vermont approved to serve anyone who lives or works in the state. The Vermont Department of Banking, Insurance, Securities and Health Care Administration recently made the decision about VSECU, said the Association of Vermont Credit Unions (Newslines Express Dec. 4). “Our long-term vision has been to make VSECU a true alternative to for-profit banks and to be available to all Vermonters,” said Steven Post, CEO of the $472 million-asset, Montpelier, Vt.-based credit union. “We now have that opportunity.” “This development is especially significant as consumers try to make sense of the bailouts, investment decisions and shortcomings in the country’s banking system,” he added. “The acquisition and merging of regional and state banks also have left Vermonters with less consumer choice and the loss of local control and servicing. We like being a local credit union, we like working with a Vermont regulator and we like being inclusive.” Prior to the decision, VSECU served residents of seven counties and state employees statewide.


RSS





print
News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
3 hours ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
8 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
8 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
8 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
9 hours ago