Vermont State Employees Credit Union

Overview / Commentary
1 Bailey Ave
Montpelier, VT 05602

Vermont State Employees Credit Union is headquartered in Montpelier and is the 2nd largest credit union in the state of Vermont. It is also the 390th largest credit union in the nation. It was established in 1947 and as of December of 2022, it had grown to 193 employees and 71,598 members at 10 locations. Vermont State Employees Credit Union's money market rates are 6X 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 American Consumer Council, Financial Fitness Association, or Northeast Sustainable Energy Association, or is related to a VSECU member.
See current membership details

Reviews (2)

I Switched From A Large Bank To A Local Bank

Posted by: |

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.

Business and personal account experiance

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!


Health Grade Components

NCUA #60717
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD11.32%
Annual Interest Income$38.7MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$1.13B$1.09B
LoansQ4 2022vs Q4 2021$932.9MM$877.9MM
DepositsQ4 2022vs Q4 2021$945.7MM$981.9MM
Equity CapitalQ4 2022vs Q4 2021$82.8MM$95.3MM
Loan Loss AllowanceQ4 2022vs Q4 2021$3.5MM$4.5MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$5.1MM$4.2MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Vermont State Employees Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

Vermont State Employees Credit Union Savings Account Rates

0.20%--Special Savings
0.20%--Share Savings
0.20%--IRA Savings
0.20%--Business Share Savings
0.20%--Business Special Savings

Vermont State Employees Credit Union Money Market Rates

2.68%*$250k*-VGreen Money Market Savings
OTHER TIERS: 1.51% $1k - $50k | 2.17% $50k - $250k
1.76%*$250k*-Business VGreen Money Market Savings
OTHER TIERS: 1.16% $1k - $50k | 1.51% $50k - $250k

Vermont State Employees Credit Union Checking Account Rates

0.75%--IOLTA Checking
0.75%--IORTA Checking
0.05%--Basic Checking
0.05%$100-Business Non-Profit Checking
0.05%$1k-Small Business Checking
0.05%$1k-Business Checking Account

Vermont State Employees Credit Union CD Rates

4.18%$500-9 Month CD Special
4.18%$500-Business 9 Month CD Special
2.27%$500-2 Year CD
2.27%$500-3 Year CD
2.27%$500-4 Year CD
2.27%$500-5 Year CD
2.27%$500-1 Year CD
2.27%$500-6 Month CD
2.27%$1k-Business 6 Month CD
2.27%$1k-Business 1 Year CD
2.27%$1k-Business 3 Month CD
2.27%$1k-Business 2 Year CD
2.27%$1k-Business 3 Year CD
2.27%$1k-Business 4 Year CD
2.27%$1k-Business 5 Year CD

Vermont State Employees Credit Union IRA Rates

4.18%$500-9 Month IRA Special
2.27%$500-1 Year IRA
2.27%$500-2 Year IRA
2.27%$500-3 Year IRA
2.27%$500-4 Year IRA
2.27%$500-5 Year IRA

Cities: Bennington, Berlin, Brattleboro, Burlington, Montpelier, Rutland, Saint Johnsbury, Waterbury, Williston

Bennington Branches
Branch Office194 North StBennington, VT 05201-3055

Berlin Branches
Branch Office365 Paine Tpke NBerlin, VT 05602

Brattleboro Branches
Branch Office499 Canal StBrattleboro, VT 05301

Burlington Branches
Branch Office125 Saint Paul StBurlington, VT 05401-8462

Montpelier Branches
Branch Office1 Bailey AveMontpelier, VT 05602-3401

Rutland Branches
Branch Office72 Seward RdRutland, VT 05701

Saint Johnsbury Branches
Branch Office1036 Memorial DrSaint Johnsbury, VT 05819

Waterbury Branches
Branch Office27 S Main StWaterbury, VT 05676
Corporate Office109 Demeritt PlWaterbury, VT 05676-8969

Williston Branches
Branch Office1755 Essex RdWilliston, VT 05495

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