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888-252-0202
84 Pine St
Burlington, VT 05401-4441

Vermont Federal Credit Union is headquartered in Burlington and is the 4th largest credit union in the state of Vermont. It is also the 527th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 113 employees and 35,641 members. Vermont Federal Credit Union's money market rates are 14% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

To be a member of Vermont Federal Credit Union, you only need to live, work, worship or attend school in one of these counties: Chittenden, Franklin, Addison, Grand Isle, Washington or Lamoille. Or if a relative of yours is already a member, you can join as well! - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Vermont Federal Credit Union had $2.52 million in non-current loans and owned real-estate with $35.78 million in equity and loan loss allowances on hand to cover it. This gives Vermont Federal Credit Union a Texas Ratio of 7.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Vermont Federal Credit Union experienced no significant changes from 6.75% as of March 31, 2013 to 7.05% as of March 31, 2014, resulting in a negative change of 4.45%. This indicates that the balance sheet and financial strength for Vermont Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Vermont Federal Credit Union has increased its total deposits by $35.43 million, resulting in 10.63% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Vermont Federal Credit Union has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Vermont Federal Credit Union has $418.03 million in assets with $35.78 million in equity, resulting in a capitalization level of 8.56%, which is average.

Institution Statistics

Overall
NCUA #24405
Year Chartered1953
Employees113
Primary Regulator
Assets and Liabilities
Assets$418.03 million
Loans$241.74 million
Deposits$368.86 million
Equity Capital$34.12 million
Loan Loss Allowance$1.65 million
Unbacked Noncurrent Loans$2.02 million
Real Estate Owned$500,000
Historic Data - March 2013
Assets$384.54 million
Equity Capital$35.59 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$2.02 million
Real Estate Owned$632,000
Profit Margin - Quarterly
Return on Assets0.38%
Return on Equity4.64%
Interest Income$3.54 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Vermont Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Vermont Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Share Savings
0.10%--Special Account
0.10%--Vacation Club Account
0.10%--Holiday Savings
0.10%--IRA (Accumulator) Share Account
0.10%--Business Savings
0.10%--Roth IRA (Accumulator) Share Account

Vermont Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Money Market Account
0.45%$50k-Business Money Market Account

Vermont Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$25kReWARD Checking - Qualifying
0.10%--ReWARD Checking - Non Qualifying

Vermont Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.10%$500-60 Month CD
2.10%$50-60 Month Youth Certificate
1.25%$500-48 Month CD
1.20%$500-30 Month CD
0.90%$500-36 Month CD
0.75%$500-12 Month CD
0.60%$500-18 Month CD
0.60%$500-24 Month CD
0.40%$500-6 Month CD

Vermont Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.20%$500-60 Month IRA Certificate
1.35%$500-48 Month IRA Certificate
1.30%$500-30 Month IRA Certificate
1.00%$500-36 Month IRA Certificate
0.85%$500-12 Month IRA Certificate
0.70%$500-18 Month IRA Certificate
0.70%$500-24 Month IRA Certificate
0.50%$500-6 Month IRA Certificate
Locations


Vermont Federal Credit Union Locations
Branch Office4 Centre DrMilton, VT 05468
Branch Office84 Pine StBurlington, VT 05401-4441
Branch Office133 N Main StSaint Albans, VT 05478-1590
Branch Office24 Washington StMiddlebury, VT 05753
Branch Office55 Old Orchard RdSaint Albans, VT 05478-2053
Branch Office80 Midas Dr Ste 100South Burlington, VT 05403-6374
Branch Office100 Panton RdVergennes, VT 05491