To our member credit unions, we provide legislative advocacy, regulatory support, training and staff development opportunities, networking, and business support services.
In conjunction with a variety of strategic business partners, the Association develops, markets and provides members with access to affordable back-office support products and services. The Association remains committed to its mission of assisting credit unions in any way possible with improving their overall level of service to members and Vermont consumers.
- NCUA Gets More Specific on Risk-Based Capital Plan
The room was packed and the concerns were earnest on Thursday at the NCUA's Listening Session in Chicago. As expected, the primary topic of the day was the NCUA's proposed risk-based capital (RBC) rule. NCUA board member Michael Fryzel helped open the meeting by reminding the more than 160 people in attendance that the current RBC rule is just a proposal, and that when it comes to changes, "everything is on the table. We want a rule that provides safety and soundness without unduly limiting credit union operations," he said. ... read more
- 2014 Heritage Family Scholarship Winners Announced
Congratulations to the recipients of the 2014 Heritage Family Credit Union Scholarship! This year’s recipients were Abigail Bizzarro from Rutland High School, Samantha St. Marie from Rutland High School, Collin Gilbert from Mount St. Joseph Academy, and Elizabeth Kamb from Woodstock Union High School. ... read more
- Vermont FCU Awards $8,000 in Educational Scholarships
Vermont Federal Credit Union is excited to provide four, $2,000 scholarships in 2014. Scholarships were awarded to graduating high school seniors, Emma Griesser and Jillian Villeneuve, as well as Kayleigh Ehler-Vock and Christopher Hango who are currently enrolled in higher education. Recipients were selected by a volunteer Scholarship Committee and were chosen based on academic achievement, leadership activities, service to community, as well as responses to an essay question. ... read more
- Vermont Credit Unions on Facebook Reaches 1,000 Follower Milestone
A modest social media push has driven the follower count of Vermont Credit Unions on Facebook above the 1,000 “likes” milestone. From June 24th to the end of the Independence Day holiday weekend on July 6th, more than 200 new people “liked” the Facebook page which AVCU administers on behalf of all of our members, increasing our total number of followers from 833 to 1,044. ... read more
- AG Enforces Data Breach Notice, Cracks Down on Illegal Lenders
In state-wide news this week Vermont Attorney General Bill Sorrell followed through on legislation passed by the 2014 Legislature requiring data breach notification to affected consumers and the Vermont AG’s office. According to an AG press release, the Shelburne Country Store’s website was hacked in late 2013, resulting in exposure of credit card information for 721 online customers. Although the breach was promptly fixed, the store failed to notify its customers of the attack, according to the AG, who this week imposed a $3,000 fine on the store. ... read more