Credit Union of Vermont

What Credit Union of Vermont does

Credit Union of Vermont was a member-owned cooperative financial institution serving Vermont residents and businesses. In 2025, it merged with Vermont Federal Credit Union (founded 1954) under the 'Better Together' initiative, with the combined institution continuing to operate as Vermont Federal Credit Union. The combined entity is an NCUA-insured not-for-profit cooperative headquartered in South Burlington, Vermont, delivering full-service personal and business banking including checking, savings, money market, term share certificates, IRAs, HSAs, consumer loans (auto, RV, personal, student), mortgages, home equity, credit cards, investment services, and insurance.

Its product suite includes specialized offerings such as eco-friendly loans (Solar Loans, Efficiency Home Improvement Loans, Hybrid/Electric Vehicle Loans), Cannabis Banking for legal Vermont cannabis businesses, and a VHFA down payment assistance partnership. Distribution is multi-channel: physical branches, a proprietary Falcon ATM network, Co-op Shared Branch reciprocal access for nationwide service, phone support, and an online/mobile banking platform (online.vermontfederal.org). The credit union is member-owned, returns earnings via lower fees and better rates, and operates the Vermont Federal Foundation for community impact (Vermont Foodbank partnership and local sponsorships).

Name

Credit Union of Vermont

Legal name

Vermont Federal Credit Union

Website

https://cuvermont.coop

Company type

Private

Founded year

1954

Operating status

Operating

Short description

Credit Union of Vermont was a member-owned cooperative financial institution serving Vermont residents and businesses, which merged in 2025 with Vermont Federal Credit Union to operate as a combined NCUA-insured cooperative offering full-service personal and business banking.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

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

akta.pro secondary industries

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending
• Mortgage loans
• Business banking
• Credit union services

Headquarters

HQ city

Rutland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional credit union revenue from interest earned on loan products including auto loans, mortgages, personal loans, credit cards, and business loans
2. Fee-based Services: Fees for various banking services including checking account maintenance, ATM usage, wire transfers, and account services
3. Deposit Interest: Interest paid to members on deposit accounts including checking, savings, money market, and term share certificates

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Credit Union of Vermont is a member-owned cooperative financial institution (merged in 2025 with Vermont Federal Credit Union) that provides personal and business banking products and services. Its offering spans checking and savings accounts, money market and term share certificates, IRAs, HSAs, consumer loans (auto, personal, student, recreational vehicle), mortgages and home equity loans, credit cards, investment and insurance services, plus business deposits, business loans, and specialized cannabis banking for Vermont residents and businesses.

Product overview

Vermont Federal Credit Union offers a comprehensive suite of banking products and services organized across personal and business banking segments. The personal banking lineup includes multiple checking account options (Reward, Sharedraft, and Student Checking), savings products (Money Market, Term Share Certificates, IRAs, HSAs, and a Special High Yield Savings offering 4.00% APY), consumer loans (auto, recreational vehicles, personal, and student loans), mortgage products (standard mortgages, Mini Mortgage, home equity loans, and specialized loans including Solar Loans and Efficiency Home Improvement Loans), and credit cards. The credit union also provides investment and insurance services. Business banking services encompass deposit accounts, commercial loans, and specialized Cannabis Banking. A notable portfolio includes eco-friendly products (Hybrid/Electric Vehicle Loans, Solar Loans, and Efficiency Home Improvement Loans) that support sustainability goals. Digital services include online banking access and a vehicle search tool for auto loan applicants. The credit union has announced an approved merger with Credit Union of Vermont, expanding its membership base.

Differentiator

Problem solved

Functional benefit

Products and services

• Reward Checking A checking account offering competitive yields and rewards for account holders who meet certain activity requirements, targeted at Vermont consumer members.
• Sharedraft Checking A joint checking account option allowing multiple members to share account access, for Vermont consumer members.
• Student Checking A checking account designed for students with features tailored to younger Vermont members.
• Money Market A savings account offering competitive interest rates with limited transaction capabilities, for consumer members.
• Term Share Certificates Certificate accounts with fixed terms offering guaranteed returns over specified periods, for consumer members.
• IRAs Individual Retirement Accounts including Traditional and Roth options for long-term retirement savings, for consumer members.
• Health Savings Accounts (HSA) Tax-advantaged accounts for healthcare expenses paired with high-deductible health plans, for consumer members.
• Special High Yield Savings Account A limited-time promotional savings account offering 4.00% APY with competitive returns, targeted at Vermont consumer members.
• Auto Loans Financing for new and used vehicle purchases with competitive rates and terms, for consumer members.
• Recreational Vehicle Loans Loans for boats, RVs, and other recreational vehicles with flexible financing options, for consumer members.
• Personal Loans Unsecured loans for various personal financial needs with fixed rates and terms, for consumer members.
• Student Loans Education financing for undergraduate and graduate studies, for consumer members.
• Mortgages Home purchase loans including conventional, FHA, and other mortgage products with various term options, for consumer members.
• Mini Mortgage A streamlined small-balance mortgage product for minor home purchases or refinancing needs, for consumer members.
• Efficiency Home Improvement Loan Financing for home energy efficiency improvements supporting sustainability goals, for consumer members.
• Quick Fix Home Improvement Loan Expedited financing for home repairs and improvement projects, for consumer members.
• Home Equity Loans Loans using home equity as collateral for major expenses or debt consolidation, for consumer members.
• Solar Loans Specialized financing for residential solar panel installation and renewable energy systems, for consumer members.
• VHFA Grant Program Down payment assistance program offered in partnership with Vermont Housing Finance Agency for first-time homebuyers.
• Credit Cards Credit card products including balance transfer options with competitive rates and rewards, for consumer members.
• Hybrid/Electric Vehicle Loan Financing for hybrid and electric vehicles with competitive rates supporting eco-friendly transportation choices, for consumer members.
• Investment Services Financial planning and investment services to help members grow and manage wealth, for consumer members.
• Insurance Services Insurance products to protect members' financial well-being including coverage for home, auto, and life.
• Business Deposits & Services Business checking, savings, and deposit accounts tailored for Vermont business operations.
• Business Loans Commercial lending products including lines of credit and term loans for business growth, for Vermont businesses.
• Cannabis Banking Banking services specifically designed for cannabis-related businesses operating legally in Vermont.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor.

• Vermont FoodbankminorStrategic or Co-development PartnerVermont Federal Foundation partnership with Vermont Foodbank for community impact initiatives. Raffle proceeds support Vermont Foodbank operations.
• VHFA (Vermont Housing Finance Agency)minorStrategic or Co-development PartnerPartnership offering VHFA Grant Program for eligible home buyers as part of mortgage products.
• Co-op Shared Branch NetworkminorChannel Partner/ Reseller/ DistributorCredit union service center network providing shared branching capabilities for members accessing services nationwide.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Community National Bank: Vermont-headquartered community bank offering personal, business, and commercial banking across northern New England — comparable local-market competitor with similar product breadth but for-profit bank structure.
• New Hampshire Federal Credit Union: Regional New England credit union offering consumer and business banking across state lines — comparable cooperative model with adjacent geographic footprint and similar product offerings.
• Mascoma Bank: Community bank serving Vermont and New Hampshire with personal, business, and mortgage banking — comparable community-focused institution in the same regional footprint, though structured as a bank rather than cooperative.

Direct peers

• Green Mountain Credit Union: Vermont community credit union providing personal banking, loans, and deposit products to local members — comparable cooperative model serving the same geographic market.
• Heritage Family Credit Union: Vermont and New Hampshire community credit union providing personal banking, lending, and digital services — comparable cooperative structure and overlapping regional footprint.
• NorthCountry Federal Credit Union: Vermont-based member-owned cooperative offering consumer and mortgage lending along with deposit accounts — directly comparable credit union competing for the same Vermont membership pool.
• Vermont State Employees Credit Union (VSECU): Vermont-based member-owned credit union offering personal and business banking, mortgages, and loans to state employees and broader Vermont residents — directly comparable community credit union in the same geography and product set.
• New England Federal Credit Union (NEFCU): Vermont-headquartered credit union serving members across New England with consumer loans, mortgages, and deposit products — a direct in-market peer with overlapping membership base and product breadth.

Emerging players

• Bethel University Federal Credit Union: Smaller community credit union model operating in adjacent New England markets — relevant emerging comparator for niche community credit-union strategy though considerably smaller in scale.

Broad incumbents

• TD Bank (Vermont branches): Large multi-state commercial bank with a meaningful Vermont branch presence competing for the same consumer deposits, mortgages, and small-business banking relationships — broader incumbent with deeper product suite and digital scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Credit Union of Vermont