In The Press

VSECU Supports Wilmington in Irene Rebuilding

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BRATTELBORO, VT—VSECU, the only state-wide credit union for all Vermonters, has not only expanded its branch access to Southern, Vermont, but has expanded its gifting with a $10,000 contribution to help finish the final phase of a downtown Wilmington project.

The gift from VSECU along with a $10,000 grant from The Wilmington Fund VT will be used to pay for lighting and other completion work in a newly constructed parking lot and green space in downtown Wilmington. The Wilmington Fund VT also contributed an additional $5,000 in 2012 for the parking lot itself in addition to the $10,000 match. The project is part of Wilmington’s Long-Term Community Recovery Plan resulting from the aftermath of Hurricane Irene.

VSECU may be new to Southern Vermont but has something in common with the area. It knows very well the challenges of rebuilding after Hurricane Irene. The credit union lost its branch in Waterbury, Vermont from Irene and had to rebuild an entire new branch facility and also helped that community focus on residential rebuilding.

“Our credit union was heartbroken to see how many of our members were personally affected by Mother Nature, whether it was the loss of a home, vehicle, business or job because their employer couldn’t remain in business after Irene,” said Kate Paine, board member and chair of the Community Contributions Committee at VSECU. “It was important to us to reach out beyond the Central Vermont area to support other communities we reside in and serve that are working so hard to finish the rebuilding and revitalization efforts from the storm.”

According to Board Members John Gannon & Julie Lineberger, the Wilmington Fund VT has made a total of seven grants totaling $155,000 to support the economic revitalization of downtown Wilmington. “The purpose of the grants is to encourage existing businesses to reopen, help new businesses launch and create jobs in the Wilmington’s historic village center,” said John Gannon. As a result of these grants five local businesses have opened or are in the process of re-opening, including the iconic Dot’s Restaurant. “This gift from VSECU will bring to closure the funding needed to complete the project most needed to give people safe and convenient access for parking.”

The project is expected to be completed this summer.

VSECU is a not for profit banking alternative for all Vermonters. Our Brattleboro branch is located in the Price Chopper Plaza. For more information about The Wilmington Fund VT: www.TheWilmingtonFundVT.org.