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News Now

CU System
Vermont CU membership grew more than 4 in 2011
SOUTH BURLINGTON, VT. (3/12/12)--Vermont credit unions added more than 12,000 members in 2011, an increase of 4.05% from the end of 2010, according to data from the National Credit Union Administration. 

Roughly 312,000 consumers are members of Vermont credit unions, which collectively hold $2.93 billion in assets, $1.9 billion in loans, and have more than $2.5 billion on deposit, said the Association of Vermont Credit Unions (Newslines Express March 9).

Assets grew by $248 million and deposits by $223 million in 2011--increases of 9.26% and 9.74% respectively.

Lending grew at a 7.15% rate, accounting for $130 million of new mortgages and loans. 

Six new credit union branches were opened in Vermont during 2011, bringing to 80 the total number of main office and branch locations statewide.


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