SOUTH BURLINGTON, Vt.—The $1-billion Vermont FCU here and $82-million Credit Union of Vermont, based in Rutland, Vt., intend to merge, the organizations announced.
Vermont FCU will be the continuing credit union.
“Joining forces with Vermont Federal Credit Union represents an exciting opportunity to strengthen our mission and better serve our members,” said Bryan Kent, president and CEO of Credit Union of Vermont. “This merger ensures that our members and employees benefit from enhanced resources, innovative solutions, and a continued commitment to the values we’ve always held dear. Together, we are building something even better."
“By unifying our efforts, we can bring our creative, individual solutions to more Vermonters,” said Jean Giard, Vermont Federal Credit Union president and CEO, who will be CEO of the combined credit union. “Whether it’s buying a home, a first car, or paying for a child’s education, we are committed to helping people find a financial path forward. We look forward to joining the Rutland community and welcoming Credit Union of Vermont’s members and employees to Vermont Federal.”
Following the necessary regulatory approval and a positive vote from the members, Credit Union of Vermont will continue to operate under its own identity and brand until its operations are fully integrated into Vermont Federal Credit Union’s infrastructure, the organizations stated.
The merger’s expected legal effective date is projected to be in the last quarter of 2025, with the systems integration process extending into early 2026.