Vermont Federal Credit Union is headquartered in Burlington and is the 4th largest credit union in the state of Vermont. It is also the 530th largest credit union in the nation. It was established in 1953 and as of September of 2013, it had grown to 115 employees and 36,870 members. Vermont Federal Credit Union has a B+ 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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Data for Q3 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Vermont Federal Credit Union had $3.65 million in non-current loans and owned real-estate with $34.65 million in equity and loan loss allowances on hand to cover it. This gives Vermont Federal Credit Union a Texas Ratio of 10.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Vermont Federal Credit Union held steady from 6.73% as of September 30, 2012 to 10.54% as of September 30, 2013, resulting in a negative change of 56.63%. This indicates that the balance sheet and financial strength for Vermont Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Vermont Federal Credit Union has increased its total deposits by $41.04 million, resulting in 13.35% 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
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 $397.18 million in assets with $34.65 million in equity, resulting in a capitalization level of 8.72%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 24405 |
| Year Chartered | 1953 |
| Employees | 115 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $397.18 million |
| Loans | $240.57 million |
| Deposits | $348.34 million |
| Equity Capital | $33.28 million |
| Loan Loss Allowance | $1.37 million |
| Unbacked Noncurrent Loans | $3.35 million |
| Real Estate Owned | $304,000 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $364.19 million |
| Equity Capital | $35.09 million |
| Loan Loss Allowance | $1.31 million |
| Unbacked Noncurrent Loans | $3.35 million |
| Real Estate Owned | $536,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.85% |
| Return on Assets | 0.47% |
| Return on Equity | 5.58% |
| Interest Income | $9.88 million |
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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $50k | - | Money Market Account | |
| 0.45% | $50k | - | Business Money Market Account |
Vermont Federal Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | - | $25k | ReWARD Checking | |
| 0.10% | - | - | ReWARD Checking | |
| 0.00% | - | - | Share Draft Checking | |
| 0.00% | - | - | Business Share Draft Checking |
Vermont Federal Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.10% | $50 | - | 60 Month Youth Certificate | |
| 1.70% | $500 | - | 60 Month CD | |
| 1.00% | $500 | - | 48 Month CD | |
| 0.90% | $500 | - | 36 Month CD | |
| 0.65% | $500 | - | 24 Month CD | |
| 0.60% | $500 | - | 12 Month CD | |
| 0.50% | $500 | - | 18 Month CD | |
| 0.25% | $500 | - | 6 Month CD |
Vermont Federal Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.80% | $500 | - | 60 Month IRA Certificate | |
| 1.80% | $500 | - | 60 Month Roth IRA Certificate | |
| 1.80% | $500 | - | 60 Month CESA Certificate | |
| 1.10% | $500 | - | 48 Month IRA Certificate | |
| 1.10% | $500 | - | 48 Month Roth IRA Certificate | |
| 1.00% | $500 | - | 36 Month IRA Certificate | |
| 1.00% | $500 | - | 36 Month Roth IRA Certificate | |
| 0.75% | $500 | - | 24 Month IRA Certificate | |
| 0.75% | $500 | - | 24 Month Roth IRA Certificate | |
| 0.70% | $500 | - | 12 Month IRA Certificate | |
| 0.70% | $500 | - | 12 Month Roth IRA Certificate | |
| 0.60% | $500 | - | 18 Month IRA Certificate | |
| 0.60% | $500 | - | 18 Month Roth IRA Certificate | |
| 0.60% | $500 | - | 18 Month CESA Certificate | |
| 0.35% | $500 | - | 6 Month IRA Certificate | |
| 0.35% | $500 | - | 6 Month Roth IRA Certificate |
| Vermont Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 4 Centre Dr | Milton, VT 05468 |
| Branch Office | 84 Pine St | Burlington, VT 05401-4441 |
| Branch Office | 133 N Main St | Saint Albans, VT 05478-1590 |
| Branch Office | 24 Washington St | Middlebury, VT 05753 |
| Branch Office | 55 Old Orchard Rd | Saint Albans, VT 05478-2053 |
| Branch Office | 80 Midas Dr Ste 100 | South Burlington, VT 05403-6374 |
| Branch Office | 100 Panton Rd | Vergennes, VT 05491 |