Vermont Federal Credit Union
“We’re Vermonters serving fellow Vermonters. Along with you, we call this beautiful state home. We believe better banking makes our members’ lives a little easier. That way our members can focus more on their lives, and less on their financial institution. We take pride in being a part of the financial decisions you make and strive to create the best products and services for the Vermont lifestyle. Your journey is our priority, no matter where it takes you across the state and beyond.”
- website: https://www.vermontfederal.org/
Cannabis Banking Services
“Our Cannabis Deposit Accounts and Services are designed to support the growth and security of your cannabis business.”
States Served:
- Vermont
Official cannabis banking page: https://www.vermontfederal.org/business-banking/cannabis
Media coverage:
- Heady Vermont: Banking for Vermont Cannabiz – What Are the Options?
This summer, Brattleboro Savings & Loan and the Vermont Federal Credit Union entered Vermont’s burgeoning recreational cannabis banking business, VTDigger reported on Sunday. This brings to four the total number of financial institutions willing to push through regulatory hurdles to serve the new cannabis businesses in Vermont, along with a handful of out-of-state banks.
Bank Health Rating
DepositAccounts.com Rating: link
- DepositAccounts considers several health grade components:
- Texas Ratio (measuring bank credit risk);
- Texas Ratio trend;
- Deposit growth;
- Capitalization (difference between bank assets and liabilities).