The Credit Union of Vermont is a financial cooperative
What does it mean to be a co-op and how are we different from banks?
If the Credit Union of Vermont was a traditional bank, it would be owned by outside investors and individuals who bought shares of the for-profit corporation. But it’s not.
Instead, as a cooperative, the credit union is owned by its members. It is operated not for profit, but for the benefit of its members who use its services.
As a cooperative, the Credit Union of Vermont honors the Rochdale Co-operative Principles which are the principles of cooperation that guide the operation of co-ops around the world. That means that we value community, member equity, democratic governance, and local ownership.
The credit union was chartered in 1958 by U.S. Postal Service employees to serve the needs of Postal and Federal employees and their families. We remain dedicated to serving the needs of government employees. Today membership in the credit union is open to Federal, State, School, Municipal and County employees residing or employed in Rutland, Bennington, Addison, or Windsor Counties of Vermont. Membership is also open to ALL family members.
Are you eligible to join the Credit Union of Vermont? Click here to find out.
You can always call us at 802-773-0027 or 800-892-6900.