If you are looking for information about membership in the Vermont State Employees Credit Union (VSECU), hopefully this article will give you some useful assistance.
VSECU
P.O. Box 67
Montpelier, VT 05601-0067
Telephone: 800-371-5162 or 802-371-5162
Website:www.vsecu.com
The Vermont State Employees Credit Union’s website informs prospective members that they are a financial cooperative. A few of the advantages with a financial cooperative are the ability to offer higher interest rates on accounts of deposit and offer mortgages and loans with lower interest rates.
Membership and Eligibility Information:
The following are the three ways you can qualify for membership in the Vermont State Employees Credit Union.
1. Individuals working or living in one of the following Vermont counties qualify for membership. Addison, Caledonia, Chittenden, Lamoille, Orange, Rutland, and Washington
2. State of Vermont employees, including retired employees, along with individuals currently employed or retired from certain workplaces qualify for membership. Three of the many workplaces are: Area Agency on Aging For Northeastern Vermont, Vermont Historical Society, and Vermont Foodbank. For a complete list of qualifying companies click here.
3. A family member or domestic partner of a present Vermont State Employees Credit Union member qualifies for membership.
Opening An Account:
If you would like to apply for membership in the Vermont State Employees Credit Union click here.
There are no membership fees to open an account. You simply need to open your “Share Savings Account” using the following guidelines. Before you can enjoy the benefits offered by the Vermont State Employees Credit Union, you need to start your membership in the Vermont State Employees Credit Union by opening a “Share Savings Account” with a deposit of at least $25. This initial $25 deposit represents one share of Vermont State Employees Credit Union ownership.
Locations:
There are several branch and ATM locations. Some locations are lobby only, while other locations offer lobby and drive-thru. Some of the locations are also open a few hours on Saturday. Click here for a complete list of information about branch and ATM locations for the Vermont State Employees Credit Union.
Online Accessibility:
Vermont State Employees Credit Union offers members accessibility to their accounts online. This is very convenient because, among other things, members can view account history and balances, get copies of checks, make loan payments, and transfer funds.
Vermont State Employees Credit Union members can enroll in “Bill Pay Online” and pay various bills online, including their telephone and cable bills. Click here for more information.
Telephone Accessibility:
Members can also access their Vermont State Employees Credit Union account via the telephone by calling 800-371-5162 or 802-371-5162 day or night. Members, among other things, can check deposits and make loan payments.
Some Information About Rates:
A 30 year fixed rate conventional mortgage has a rate of 5.875% with 0 points.
An auto loan for 24 months can have a rate as low as 4.24%.
VISA and MasterCard credit cards without an annual fee have a fixed annual percentage rate of 10.9%.
A “Share” account has an annual percentage yield of 1.50% with a minimum opening deposit $25. Dividends are compounded and credited quarterly.
A “Money Market Share Account” with a balance of $1,000 to $4,999.99 earns an annual percentage yield of 2.00%.
These are only a few of the rates available. Click here for more rate details.
Business Accounts:
Vermont State Employees Credit Union also offers various business accounts. Click here for more information. To participate in the business accounts, you first need to qualify to join the Vermont State Employees Credit Union.
Insurance:
The Vermont State Employees Credit Union offers different insurance plans, including “Credit Disability Insurance”. For more information about this and other plans, click here.
Miscellaneous:
You can view both current and archived copies of V-News and Making Cents newsletters online.
The Vermont State Employees Credit Union offers free online classifieds. Some categories include automobile, real estate, and pets.
Make sure to check with the Vermont State Employees Credit Union regarding any rates, minimum deposits etc. as these are subject to change.
