Vermont Credit Unions Unite: Vermont Federal and Credit Union of Vermont Announce Merger Intent
Post-approval, Credit Union of Vermont will maintain its brand and operations until full integration into Vermont Federal's systems, expected to wrap up in early 2026.
In a move poised to strengthen financial services across the Green Mountain State, Vermont Federal Credit Union and Credit Union of Vermont have announced their intent to merge.
This strategic partnership, revealed on July 10, 2025, aims to combine the strengths of two longstanding institutions with deep roots in Vermont communities, enhancing resources and services for members statewide.
According to a joint press release from the two credit unions, the merger is pending regulatory approval and a vote by Credit Union of Vermont members later this year. If approved, Vermont Federal Credit Union will serve as the continuing entity, ushering in expanded opportunities for growth and innovation while preserving the member-focused values that define both organizations.
Bryan Kent, President and CEO of Credit Union of Vermont, highlighted the merger's potential in the announcement: “Joining forces with Vermont Federal Credit Union represents an exciting opportunity to strengthen our mission and better serve our members. 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."
Echoing this enthusiasm, Jean Giard, President and CEO of Vermont Federal Credit Union, emphasized the merger's alignment with everyday Vermonters' needs.
“By unifying our efforts, we can bring our creative, individual solutions to more Vermonters,” Giard stated in the release. “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.”
The merger process is designed to minimize disruptions for members. Post-approval, Credit Union of Vermont will maintain its brand and operations until full integration into Vermont Federal's systems, expected to wrap up in early 2026.
The legal effective date is slated for the final quarter of 2025. To keep members informed, the credit unions have launched a dedicated microsite at www.vermontfederal.org/bettertogether, along with regular updates via email and other channels.For Vermont residents, the benefits are clear and substantial. The combined credit union will boast nine branch locations across the state, serving more than 60,000 members.
Additionally, members will gain access to free transactions at over 5,600 partner locations nationwide, making banking more convenient whether you're in Burlington, Rutland, or beyond.
Jean Giard will lead the merged organization as CEO, ensuring continuity in leadership.This merger underscores a shared heritage—both credit unions trace their origins to serving Vermont's educators and public servants—and a forward-looking commitment to community impact.
As Vermont's economy continues to evolve, with challenges like housing affordability and education costs at the forefront, this union could provide a more robust financial lifeline for families and businesses alike.Members with questions are encouraged to visit the microsite or contact their local branch.
As the process unfolds, this partnership promises to deliver "better together" outcomes for all involved.(This article is based on a joint press release issued by Vermont Federal Credit Union and Credit Union of Vermont on July 10, 2025.)