Green Mountain Credit Union

What Green Mountain Credit Union does

Green Mountain Credit Union is a member-owned, not-for-profit financial cooperative founded in 1959 and headquartered at 1250 Shelburne Road, South Burlington, Vermont. Originally established to serve Green Mountain Power Corporation employees and their families, the credit union has expanded eligibility to anyone who lives, works, or worships in nine Vermont counties (Chittenden, Addison, Franklin, Rutland, Washington, Orange, Grand Isle, Lamoille, and Windsor). It is federally chartered and insured by the National Credit Union Administration (NCUA) up to $250,000 per member, and operates as an Equal Housing Lender under NMLS #779988.

The credit union's product set spans deposit products and consumer and commercial lending. Deposits include Share Savings (0.10% APY, $5 minimum), Share Draft Checking, Money Market accounts with tiered rates up to 2.27% APY, Share Certificates ranging from 6 to 60 months (APYs 3.00%-4.00% as of the most recent specials), IRAs (Traditional, Roth, Coverdell ESA), and business accounts. Lending products include fixed-rate vehicle loans at 5.39%-7.99% APR with terms up to 10 years, home loans (fixed-rate mortgages, construction, home equity, VA), business lending (lines of credit, term loans, commercial real estate, construction), unsecured personal loans (6.99%-18.00% APR), Visa credit cards at 12.00% APR, energy-efficiency loans, and the specialized Independence Fund for assistive-technology financing of $500-$150,000.

Distribution is built on five Vermont branches (South Burlington, Winooski, Rutland, Burlington, Berlin) plus a digital stack comprising Mobicint-powered online banking, an iOS/Android mobile app with remote deposit capture, a 24/7 Call 24 audio response system, and surcharge-free ATM access through the Falcon and CO-OP networks. The revenue model is the standard credit-union net-interest-margin model: interest income on loans (vehicle, mortgage, personal, business, card) less dividends paid on member share deposits, supplemented by transaction fees (overdraft, wire transfer, bank checks) and free ancillary services (notary, bill pay, financial counseling). MoneySense, the free CCUFC-certified counseling service, is positioned as a member-engagement and retention layer rather than a revenue line.

Name

Green Mountain Credit Union

Legal name

Green Mountain Credit Union

Website

https://greenmountaincu.com

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

11–50 employees

Short description

Green Mountain Credit Union is a Vermont-based, member-owned credit union serving consumers, small businesses, and retirement savers in nine counties through five branches and a digital banking platform, offering deposits, consumer and business loans, Visa cards, and specialized assistive-technology financing.

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

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Retail banking services
• Consumer lending
• Mortgage lending
• Credit union services
• Deposit accounts

Headquarters

HQ city

South Burlington

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest charged on loans including vehicle loans, home mortgages, personal loans, business loans, and credit cards. Rates vary by product type and term length.
2. Share Savings Deposits: Members deposit savings in exchange for dividend payments. Credit union uses these deposits to fund loans. Interest rates paid to members are lower than rates charged on loans.
3. Fee-based Services: Various fees including overdraft fees, wire transfer fees, bank check fees, and other service charges. Some services like notary and electronic statements are free.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Green Mountain Credit Union is a not-for-profit, member-owned financial cooperative that provides deposit accounts (Share Savings, Checking, Money Market, Share Certificates, IRAs, and Business Accounts), consumer and commercial lending (vehicle loans, home mortgages, personal loans, business lending, and Visa credit cards), and specialized programs such as the Independence Fund for assistive technology financing. Products and services are distributed through five physical Vermont branches, an online banking portal, and a mobile banking app to members who live, work, or worship in nine Vermont counties.

Product overview

Green Mountain Credit Union is a full-service, not-for-profit financial institution offering a comprehensive suite of traditional banking and lending products. The core offering centers on deposit accounts (Share Savings, Share Draft Checking, Money Market, Share Certificates, IRAs, and Business Accounts) and lending products (Vehicle Loans, Home Loans including mortgages and home equity, VISA Credit Cards, Personal Loans, Energy Efficiency Loans, Business Lending, and the specialized Independence Fund for assistive technology). Supplementary services include Online Banking and Mobile Banking as the primary digital access channels, along with add-on modules such as Bill Payment, Mobile Deposit, Direct Deposit, Wire Transfer, Notary Services, Overdraft Protection, and the MoneySense financial counseling program. All products are federally insured up to $250,000 by NCUA and served through five branch locations in Vermont.

Differentiator

Problem solved

Functional benefit

Brands

• MoneySense: A free and confidential financial counseling program providing Certified Credit Union Financial Counselor (CCUFC) services to help members with budgeting, debt navigation, credit health improvement, and financial goal planning.

Products and services

• Online Banking 24/7 web-based banking platform providing account access, bill payment, funds transfers, e-statements, and transaction downloads to Quicken/QuickBooks for credit union members.
• Mobile Banking App Smartphone and tablet banking application for iOS and Android enabling balance viewing, transfers, bill payment, and mobile check deposit via remote deposit capture.
• Share Savings Account Basic savings account with $5 minimum deposit for membership, earning dividends compounded and paid quarterly on balances of $100 or more.
• Share Draft Checking Free checking account with unlimited check writing, free online bill pay, debit card, and overdraft protection options.
• Money Market Account Tiered-rate savings account requiring $2,000 minimum balance, offering higher dividend rates than regular savings with quarterly compounding and no monthly fees.
• Share Certificates Term deposit accounts with terms ranging from 6 to 60 months, requiring $500 minimum investment with monthly interest payments and higher rates than standard savings.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts available as Traditional IRA, Roth IRA, and Coverdell Education Savings Account with no annual fee.
• Business Accounts Business banking accounts including Regular Share Savings, Business Savings, and Business Checking with tiered interest rates and free online banking.
• Vehicle Loans Financing for cars, trucks, motorcycles, and recreational vehicles including boats, RVs, ATVs, snowmobiles, and jet skis with competitive rates and terms up to 10 years.
• Home Loans Fixed-rate mortgage programs including Fixed Rate Portfolio Loans, Construction Loans, Move and Improve Loans, Home Equity products, and VA Home Loans for purchases, refinances, and new construction.
• VISA Credit Card Low-rate Visa credit card with 12.00% APR, EMV technology, no annual fee, no balance transfer fees, and no cash advance fees.
• Personal Loans Unsecured lending options including signature loans, tax loans, debt consolidation loans, credit builder loans, overdraft protection, and signature lines of credit.
• Energy Efficiency Loans Loans for home energy improvements including heating system updates and energy efficiency upgrades, with unsecured, secured, and home equity line of credit options.
• Independence Fund Specialized financing for assistive technology, equipment, vehicles, and home modifications for individuals with disabilities, ranging from $500 to $150,000 with flexible repayment up to 96 months.
• Business Lending Commercial banking products including revolving lines of credit, term loans, business Visa credit cards, commercial real estate financing, time notes, and construction loans.
• MoneySense Financial Counseling Free confidential financial counseling service providing budget building, debt navigation, credit health improvement, and financial goal planning with a Certified Credit Union Financial Counselor.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Falcon ATM NetworkcoreTechnology or IntegrationFree ATM access for members at all Falcon network ATMs nationwide. This partnership enables surcharge-free cash withdrawals for Green Mountain Credit Union members at thousands of locations.
• CO-OP ATM NetworkcoreTechnology or IntegrationFree ATM access for members at all CO-OP network ATMs. Combined with Falcon network, provides extensive surcharge-free ATM coverage for members.
• Tricorp Federal Credit UnioncoreTechnology or IntegrationTricorp Federal Credit Union serves as the intermediary for incoming wire transfers to Green Mountain Credit Union member accounts. Wires are routed through Tricorp with ABA# 211291666.
• Lemon Head DesignminorOthersThird-party web design agency responsible for the credit union's website design and development.
• Visa (Card Network)coreTechnology or IntegrationPartnership with Visa for credit and debit card processing, including EMV chip technology, fraud protection, and worldwide acceptance.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Consumers Credit Union: Mid-sized US credit union known for competitive high-yield savings and certificates. Comparable certificate-rate positioning (GMCU's 4.00% 7-month special mirrors CCU's deposit-rate strategy) and member-owned model, though broader geographic reach.
• Alliant Credit Union: Large digital-first US credit union with competitive deposit rates and no geographic eligibility requirement. Represents the neobank/digital-credit-union competitive threat that could siphon younger Vermont members from GMCU.

Direct peers

• Community National Bank: Vermont-headquartered community bank offering retail deposits, mortgages, and small-business lending across northern Vermont. Direct competitor for the same consumer and SMB customer base GMCU targets.
• Vermont State Employees Credit Union (VSECU): Vermont's largest credit union, also community-chartered and serving Vermont residents. Most directly comparable peer given overlapping Vermont field of membership, similar product suite (deposits, mortgage, consumer lending), and NCUA-insured cooperative structure.
• New England Federal Credit Union (NEFCU): Vermont-headquartered credit union serving Chittenden County and surrounding areas with full retail and business banking services. Direct overlap with GMCU's geographic field of membership and product offering.
• NorthCountry Federal Credit Union: Vermont-based community credit union serving northern Vermont counties. Comparable cooperative structure, deposit/loan product mix, and community-charter focus; competes for overlapping Vermont members.
• Opportunities Credit Union: Vermont community credit union serving low- to moderate-income Vermonters with shared branching (note: powers GMCU's Home Self Service portal). Directly comparable cooperative model and Vermont field of membership.
• Union Bank (Vermont): Vermont community bank serving multiple Vermont counties with full-service retail and commercial banking. Comparable branch-based distribution model and similar Vermont SMB/consumer focus.

Regional players

• Mascoma Bank: New Hampshire-based community bank with a Vermont presence offering similar deposit and small-business lending products. Comparable cooperative/community-banking philosophy though geographically anchored on the NH side of the Connecticut River valley.

Broad incumbents

• TD Bank (Vermont branches): Large incumbent commercial bank with a multi-branch Vermont retail presence. Competes for Vermont consumer deposits, mortgages, and SMB banking with broader product suite and larger marketing budget.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CreditMountain
• Facebookfacebook.com/GreenMountainCU
• Instagraminstagram.com/greenmountaincreditunion
• LinkedInlinkedin.com/company/green-mountain-credit-union

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Green Mountain Credit Union