Vermont State Employees Credit Union

Overview / Commentary

www.vsecu.com

802-371-5162

1 Bailey Ave
Montpelier, VT 05602

Vermont State Employees Credit Union is headquartered in Montpelier and is the 2^nd largest credit union in the state of Vermont. It is also the 394^th largest credit union in the nation. It was established in 1947 and as of March of 2019, it had grown to 170 employees and 66,913 members at 10 locations. Vermont State Employees Credit Union's money market rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Vermont State Employees Credit Union is open to anyone who lives or works in the state of Vermont, is a member of the Northeast Sustainable Energy Association, or is related to a VSECU member.
See current membership details

Vermont State Employees Credit Union Adds 6-Month CD, 3.00% APY - 4/18/2019

Vermont State Employees Credit Union has added a 6-month CD, earning 3.00% APY. Min opening deposit is $500, with no balance cap. Available to all Vermont residents.

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2019
2014
2007

4/18 - Vermont State Employees Credit Union Adds 6-Month CD, 3.00% APY

10/22 - 2-Year Toyota Prius C Lease International Credit Union Day Give Away Continues

10/21 - 5.50% 33-Month CD at a Vermont CU (Vermont State Employees)

Reviews (2)

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I Switched From A Large Bank To A Local Bank

Posted by: BethanyR | Apr 9, 2016

I started my own business recently and needed a business account so I went to my large corporation bank to ask about rates. They wanted me to have X number of purchase transactions each month in order to have a free account however, I told them that I wont ever be making purchase transactions from that account. So, I went back to a local bank that I had previously had an account with over 10+ years before - VSECU. They helped me set up all my accounts, they have the best interest rate and they charge me NO fees! The corporate bank even charged me a fee just before I closed my account - SO happy to no longer be with them.

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Business and personal account experiance

Posted by: shaunakemp90 | Apr 4, 2017

I have used this credit union for both personal as well as business banking experiences.
For my personal banking I have had no issues with my account but, for my business account I have had a couple of issues that have been swiftly corrected by the staff at VSECU. I was being charged fees that were incorrect and with one phone call the explained to me that they could not see why I was being charged and they resolved it and returned the fees. At another point in time I was at the bank for a deposit and they were way behind so they took my deposit and mailed me a receipt but, I had recorded my information wrong on the receipt and they called me to let me know that they spotted and fixed the error which was amazing!
My only issue is that they do not have mobile banking for the business yet - I can not deposit checks or see my account on my phone. Other than that Ive been very happy!

Comment

Health

B+

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	60717
Year Chartered	1947
Employees	170
Primary Regulator

Profit Margin
Return on Assets - YTD	0.69%
Return on Equity - YTD	7.66%
Annual Interest Income	$7.8MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$796.2MM$775.5MM
Loans	Q1 2019vs Q1 2018	$664.6MM$633.3MM
Deposits	Q1 2019vs Q1 2018	$673.6MM$647.0MM
Equity Capital	Q1 2019vs Q1 2018	$71.1MM$64.4MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$4.3MM$3.5MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$5.6MM$5.5MM
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.