VSECU Announces Support of Milk Money L3C to Foster Local Entrepreneurship and Small Business
Partnership marks the first initiative under VSECU’s newly launched vision, focused on maximizing the credit union’s social, environmental and financial impact throughout Vermont
MONTPELIER, VT—VSECU, a credit union for everybody in Vermont, today announced a partnership with Vermont-based equity crowdfunding company Milk Money L3C, designed to empower entrepreneurialism and drive local business development.
“This is exactly the type of collaboration that makes Vermont a very special place to grow a business or an idea. With a community by your side who believes investing locally is not only the right thing to do, but the smart thing to do, Vermonters are tackling economic and social challenges head on in the most creative ways,” said Vermont Governor Peter Shumlin. “Thank you to Milk Money and VSECU who have created such a partnership to support Vermont small businesses and local entrepreneurs in a big way,” he added.
The partnership includes an equity investment in Milk Money through VSECU’s wholly owned, independently operated subsidiary, Vermont Heritage Financial Group (VHFG), and signifies the first official initiative as part of VSECU’s new vision, also unveiled today. Under this new vision VSECU will leverage its scale, capacity and cooperative principles to foster social, environmental and financial prosperity throughout Vermont.
Milk Money is powered by VSECU through its wholly owned, independently operated, subsidiary, Vermont Heritage Financial Group, Inc. Investments made through Milk Money are not federally insured by NCUA, involve investment risk, may lose value and are not obligations of or guaranteed by the credit union.