VSECU History
Improving the lives of Vermonters for over 75 years.
How it all began
In 1946, seven employees of the State of Vermont gathered to organize a credit union to offer affordable savings and credit for state employees. One year later, the Vermont State Employees Credit Union was chartered by Vermont. We’ve been deeply committed to the philosophy of people helping people and the credit union movement ever since.
Expanding our membership
As a not-for-profit financial institution, we are proudly dedicated to improving the quality of life for all Vermonters. At first, VSECU membership was open only to employees of the state of Vermont. Since then, our field of membership has continued to expand:
1960s
Membership expanded to include family members of any current member of the credit union.
2002
Membership grew again to include anyone who works or lives in the six counties of Addison, Caledonia, Chittenden, Lamoille, Orange and Washington. Rutland County was added in 2006.
2009
In our biggest leap yet, membership expanded to include everyone who lives or works in the state of Vermont.
2016
We established a new vision: “To inspire a movement that brings people together to empower the possibilities for greater financial, environmental, and social prosperity.” The goal of this vision was to align our organization with a larger movement of values-based and impact-driven organizations in Vermont and around the world.
2017
We expanded once more to welcome members of the Northeast Sustainable Energy Association (NESEA), a non-profit regional trade association that aligns with VSECU’s vision of creating greater environmental prosperity for more Vermonters.
2023
On January 1, VSECU merged with New England Federal Credit Union (NEFCU) to build a stronger and more sustainable credit union. The merger more than doubled the membership and asset size of the organization, deepened its presence in Chittenden County, and strengthened its capacity to serve members in a rapidly changing financial environment.
Deepening our impact
At VSECU, we’re always looking for innovative ways to make a positive impact on our communities. We could just give money (and we do), but we are a financial cooperative, so it’s important that a large portion of our community impact is generated by members, for members.
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We Care 2
Our member-directed giving program distributes $50,000 in donations each year to five nonprofit organizations that are seeking funding to positively impact Vermonters’ essential needs in the areas of food, shelter, heat, environment, or financial education.
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Fuel Buying Program
VSECU negotiates reduced pricing with several participating fuel dealers for a range of home heating fuel types. By joining our members-only VHeat fuel-buying program, you can get discounted pricing on heating fuel and reduce your costs during the winter season.
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Green Loans
We support environmental prosperity by offering low-interest loans that reduce the overall cost of investing in solar and energy efficiency projects. Our VGreen Money Market account allows members to earn a competitive interest rate on savings that help fund VGreen loans.
