Vermont State Employees Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	5-year CD	5 Year CD 2.25% - Ally Bank High Yield 5 Year CD
1.23%	1-year CD	1 Year CD - New Money Only 1.50% - Ally Bank No Penalty 11-Month CD
0.20%	Savings	Share Savings 1.15% - CIT Bank Spring Savings

View all Vermont State Employees Credit Union rates »

Overview / Commentary

www.vsecu.com

800-371-5162

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 392^nd largest credit union in the nation. It was established in 1947 and as of March of 2017, it had grown to 173 employees and 61,898 members at 10 locations. Vermont State Employees Credit Union's savings rates are 92% higher than 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.
See current membership details

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.

Comment

1

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

1

Health

B+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	60717
Year Chartered	1947
Employees	173
Primary Regulator

Profit Margin
Return on Assets - YTD	0.33%
Return on Equity - YTD	3.8%
Annual Interest Income	$6.3MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$717.2MM$679.7MM
Loans	Q1 2017vs Q1 2016	$589.3MM$532.0MM
Deposits	Q1 2017vs Q1 2016	$623.7MM$613.0MM
Equity Capital	Q1 2017vs Q1 2016	$62.1MM$59.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$2.8MM$2.8MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$5.9MM$4.0MM
Real Estate Owned	Q1 2017vs Q1 2016	$55.00K$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.