Vermont Federal Credit Union

What Vermont Federal Credit Union does

Vermont Federal Credit Union is a federally chartered, NCUA-regulated, member-owned cooperative financial institution headquartered in South Burlington, Vermont, and founded in 1952. It serves individuals who live, work, worship, or attend school in Vermont, offering a full personal banking suite across checking (Reward, Sharedraft, Student), savings (Money Market, Term Share Certificates, IRAs, HSAs, a promotional High Yield Savings account at 4.00% APY), consumer lending (auto, recreational vehicle, personal, student, mortgage, home equity, solar, and home improvement loans), credit cards, investment services, and insurance. Following the 2026 mergers with Credit Union of Vermont and St. Patrick's Parish Credit Union, the institution operates nine branches statewide and serves over 63,000 members with total assets exceeding $1 billion.

The business banking franchise is anchored by tiered Treasury Management Services (Standard, Basic, Small Business, Large Business) featuring Positive Pay check fraud detection and multi-factor authentication, alongside a Clover-branded merchant services and POS platform, a niche cannabis banking vertical, and dedicated commercial lending. Distribution spans the physical branch network, full-service online and mobile banking (iOS/Android with mobile deposit), the Co-op Shared Branch and Falcon ATM networks for fee-free national access, and an embedded community-event-led go-to-market motion centered on annual coat drives, food drives, school supply drives, and free shred days with local media partners (WCAX-TV, NBC5, ABC22 & FOX44).

Revenue is generated primarily through net interest income on the loan portfolio (mortgages, auto, consumer, business), supplemented by transaction-based fees (account service charges, overdraft, ATM, wire), recurring treasury management fees on business packages, and Clover-related merchant processing economics. The cooperative, not-for-profit structure means surplus is redistributed to members via better deposit rates and lower loan rates rather than returned to outside shareholders.

Name

Vermont Federal Credit Union

Legal name

Vermont Federal Credit Union

Website

https://vermontfederal.org

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

101–250 employees

Short description

Vermont Federal Credit Union is a federally chartered, member-owned cooperative credit union founded in 1952 and headquartered in South Burlington, Vermont. It provides personal and business banking, lending, treasury management, and merchant services to over 63,000 members across nine Vermont branches.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending products
• Business treasury management
• Merchant payment processing
• Community credit union

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: The credit union earns interest income from its loan portfolio including mortgages, auto loans, personal loans, credit cards, and business loans. As a not-for-profit cooperative, excess revenue is returned to members through better rates on loans and savings products.
2. Membership Fees and Service Charges: Fee-based income from account maintenance, overdraft fees, ATM fees, wire transfer fees, and other account-related service charges.
3. Merchant Services: Revenue from processing payment transactions for business members through Clover POS systems, including transaction fees and equipment leasing.
4. Treasury Management Fees: Fees for treasury management services including Positive Pay, ACH transfers, wire transfers, and remote deposit capture across tiered business packages.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Vermont Federal Credit Union is a not-for-profit, member-owned cooperative financial institution that provides full-service personal and business banking to Vermont residents and businesses. Core offerings include checking accounts, savings vehicles (money market, term share certificates, IRAs, HSAs, high-yield savings), consumer lending (auto, mortgage, personal, student, home equity, solar, recreational vehicle, home improvement loans), credit cards, investment and insurance services, plus business banking products including treasury management, Clover-powered merchant services, cannabis banking, and business deposits. Members access these products through nine Vermont branch locations, online and mobile banking, and the Falcon/Co-op Shared Branch ATM network.

Product overview

Vermont Federal Credit Union offers a comprehensive suite of financial products and services as a full-service, not-for-profit cooperative institution. The core offering includes multiple checking account options (Reward Checking, Sharedraft Checking, Student Checking), savings vehicles (Money Market, Term Share Certificates, IRAs, HSAs, High Yield Savings), and diverse lending products (Auto Loans, Recreational Vehicle Loans, Personal Loans, Student Loans, Mortgages, Mini Mortgages, Home Equity Loans, Solar Loans, Efficiency Home Improvement Loans, Quick Fix Home Improvement Loans). The credit union also provides Credit Cards, Investment Services, and Insurance Services. Business banking offerings include Treasury Management Services with tiered packages, Merchant Services powered by Clover POS systems, Cannabis Banking, and Business Deposits. Digital banking is delivered through Online Banking and Mobile Banking platforms. The Vermont Federal Foundation serves as the credit union's charitable arm focusing on community impact through sustainability, food security, housing, and youth programs. Following recent mergers with Credit Union of Vermont and St. Patrick's Parish Credit Union, the institution now serves over 63,000 members across nine Vermont branches.

Differentiator

Problem solved

Functional benefit

Brands

• Vermont Federal Foundation: 501(c)(3) charitable nonprofit arm of Vermont Federal Credit Union focused on sustainability, building strong communities, food security, and affordable/stable housing

Products and services

• Reward Checking Interest-earning checking account with reward features designed to help members earn more on their deposits, available to Vermont residents.
• Sharedraft Checking Free checking account option with shared branching access for members, providing basic everyday banking functionality.
• Student Checking Checking account designed specifically for student members with features tailored to younger account holders pursuing education.
• Money Market Account Savings account with competitive interest rates and limited transaction access for members seeking higher yields on deposits.
• Term Share Certificates Certificate accounts with fixed terms and guaranteed rates for members seeking predictable returns on deposits.
• IRAs (Individual Retirement Accounts) Retirement savings accounts including Traditional, Roth, and Coverdell options for long-term retirement planning.
• Health Savings Accounts (HSA) Tax-advantaged accounts for individuals with high-deductible health plans to save for qualified medical expenses.
• Special High Yield Savings Account Limited-time promotional savings account offering 4.00% APY for growth-focused members seeking higher deposit yields.
• Auto Loans Vehicle financing with competitive rates and flexible terms for new and used automobiles, available to members.
• Recreational Vehicle Loans Financing options for boats, RVs, and other recreational vehicles for members.
• Personal Loans Unsecured loans for various personal financial needs with flexible terms for members.
• Student Loans Education financing for members pursuing higher education.
• Mortgages Home loans including conventional, FHA, and VA options for home purchases and refinances, available to members.
• Mini Mortgage Smaller loan amount mortgage product for modest home purchases or refinances.
• Efficiency Home Improvement Loan Eco-friendly loan for energy-efficient home improvements and upgrades.
• Quick Fix Home Improvement Loan Fast-approval home improvement financing for repairs and renovations.
• Home Equity Loans Loans using home equity as collateral for major expenses or debt consolidation.
• Solar Loans Specialized financing for residential solar panel installation and renewable energy systems.
• Credit Cards Visa credit cards with various reward structures including options for balance transfers.
• Investment Services Financial planning and investment products to help members build wealth and plan for retirement.
• Insurance Services Various insurance products including auto, home, and life insurance offered through partner providers.
• Online Banking Digital banking platform providing account management, fund transfers, bill pay, e-statements, and access to business banking services.
• Mobile Banking Smartphone application for iOS and Android with mobile deposit, account access, alerts, and branch/ATM locator features.
• Treasury Management Services Business banking solution offering cash flow management, payment processing, payroll, accounts receivable/payable management, and fraud protection with tiered packages (Standard, Basic, Small Business, Large Business) including Positive Pay, account entitlements, ACH origination, wires, remote deposit capture, and multi-factor authentication.
• Merchant Services (Clover) Point-of-sale systems and business management tools through a Clover partnership, enabling payment processing (including contactless, magnetic stripe, and EMV credit/debit), inventory management, customer engagement, and analytics for Vermont businesses.
• Cannabis Banking Banking services tailored for cannabis-related businesses operating legally in Vermont, including deposit accounts and related business banking.
• Business Deposits and Services Business checking, savings, and deposit accounts with business-focused features and services for Vermont businesses.

Quantifiable outcome

• Over 63,000 members served across Vermont
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• Credit Union of VermontcoreStrategic or Co-development Partner · 24 June 2026Completed merger with Credit Union of Vermont in June 2026, creating a combined institution serving over 63,000 members across nine branches. The merger received regulatory approval from NCUA in December 2025 and was approved by Credit Union of Vermont members in December 2025. Credit Union of Vermont continues as a division of Vermont Federal Credit Union.
• St. Patrick's Parish Credit UnioncoreStrategic or Co-development Partner · 29 April 2026Completed merger with St. Patrick's Parish Credit Union in April 2026, bringing together two member-focused financial cooperatives with a shared mission of helping Vermonters prosper. St. Patrick's Parish Credit Union, founded in 1953 in Fairfield, Vermont, merges its legacy of community service into Vermont Federal.
• ClovercoreTechnology or Integration · 4 March 2026Vermont Federal has partnered with Clover to bring secure, flexible point-of-sale systems and business management tools to Vermont business members. The partnership provides payment processing, inventory management, customer engagement tools, and analytics through Clover's platform.
• WCAX-TVcoreGTM or Marketing Partner · 20 January 2026Annual Great Vermont Coat Drive partnership with WCAX-TV. In 2026, the third annual drive collected over 1,200 coats, with WCAX promoting the initiative and Vermont Federal hosting collection at all branches. Gadue's Dry Cleaning was added as a community partner to professionally clean all donated coats.
• Vermont FoodbankcoreGTM or Marketing Partner · 1 December 2025Vermont Federal Foundation partnered with Vermont Foodbank for a $60,000 charitable raffle to combat food insecurity. Vermont Foodbank received $20,000 from the raffle proceeds. Vermont Federal also sponsors Vermont Foodbank Day at the Champlain Valley Fair, collecting nearly 9,000 lbs of food in 2024.
• Cancer Patient Support FoundationmajorGTM or Marketing Partner · 17 October 2025Presenting sponsor for the Third Annual Casino Night: Bet on Hope fundraiser held at Hula Lakeside in Burlington. The event raised funds for the Foundation's Emergency Fund which assists over 500 Vermont cancer patients annually with housing, food, transportation, and medical expenses.
• SecurShredminorGTM or Marketing Partner · 6 April 2025Partnership with SecurShred for annual Free Shred Days events at Vermont Federal branch locations. The events allow community members to securely dispose of sensitive documents to protect against identity theft.
• NBC5coreGTM or Marketing Partner · 31 July 2024Annual Class Act school supplies drive partnership with NBC5. The Stuff the Bus events collect school supplies at Vermont Federal branches and at Staples storefront in Williston, with NBC5 team present for community engagement.
• Sleep in Heavenly PeaceminorGTM or Marketing Partner · 20 June 2024Partnership for annual bed build volunteer day. Vermont Federal employees join volunteers to build beds for children in need in Vermont. The second annual event took place in Essex Junction, Vermont.
• ABC22 & FOX44coreGTM or Marketing Partner · 17 June 2024Summer Feed A Family food drive partnership with ABC22 & FOX44. The annual initiative collects food and cash donations at Vermont Federal branches and at City Market locations to benefit Vermont Foodbank during months when donations typically decline.
• Vermont Department for Children and FamiliesminorGTM or Marketing Partner · 24 January 2024Distribution partner for the Great Vermont Coat Drive. Donated coats are distributed through DCF to Vermont families in need, with approximately 700 coats distributed through DCF and over 300 to local charities near branch locations.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vermont State Employees Credit Union (VSECU): VSECU is the largest Vermont-headquartered credit union serving state employees and residents statewide, with a similar community-cooperative model, comparable product breadth, and overlapping branch geography — making it the most direct competitive peer to Vermont Federal in Vermont.
• NorthCountry Federal Credit Union: Vermont-based community credit union serving northern Vermont with personal and business banking products. Comparable cooperative structure and statewide service territory make it a directly competitive peer in the same Vermont retail-banking market.
• New England Federal Credit Union (NEFCU): Vermont-based (now part of VSECU) federal credit union serving Vermont and surrounding areas with consumer and commercial banking. Highly comparable in cooperative structure, federal charter, and Vermont retail focus.

Regional players

• Members 1st Credit Union: Northeast-based community credit union offering similar personal banking, mortgage, and business products. Operates in adjacent New England geography and competes for Vermont members who relocate or commute across state lines.
• Service Credit Union: Large New Hampshire-headquartered credit union serving military-affiliated members and northern New England communities. Comparable full-service product suite (checking, loans, mortgages, business banking) and shared New England regional focus.
• St. Mary's Bank Credit Union: New Hampshire-based community credit union (the first credit union in the U.S.) serving northern New England with a cooperative member-owned model similar to Vermont Federal, including personal and business banking.

Broad incumbents

• Digital Federal Credit Union (DCU): Large Massachusetts-based federal credit union with digital-first banking, full personal and business product suite, and a much broader geographic footprint. Competes with Vermont Federal for digitally-engaged Vermont members and benchmark for digital banking capability.
• Alliant Credit Union: Large national online credit union offering high-yield deposits and full banking products with no branch requirements. Direct competitor for digitally-engaged Vermont residents and benchmark for high-yield savings product positioning.
• Connexus Credit Union: National community credit union with full personal, mortgage, and business banking. Comparable mid-size scale and cooperative model; represents broader competitive pressure on community credit unions for member acquisition.
• America First Credit Union: Large regional credit union with full-service personal and business banking, treasury management, and merchant services. Similar cooperative ethos with greater scale; useful benchmark for treasury management product tiers and SMB banking.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/VermontFederalCreditUnion
• Xx.com/VermontFederal

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vermont Federal Credit Union