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The Vermont Retired State Employees Association (VRSEA) Board of Trustees recently voted to oppose the merger of the Vermont State Employees Credit Union and the New England Federal Credit Union. State retirees may remember that the VSECU was started by state employees, for state employees. Many state retirees have their banking with VSECU. In addition, VRSEA has had its Association business dealings with VSECU for many years. We trust them and they have treated us well. A VRSEA Board member recently attended a meeting in Montpelier where both credit unions tried to explain why members should approve their merger. After two hours of questions and answers, the companies could not come up with any compelling reason why members should vote to merge. VSECU is a credit union for Vermonters, by Vermonters. Keeping our Credit Union separate from the NEFCU helps us to retain control and to better serve the needs of our own Vermont community, which is very important and can be crucial. The VRSEA Board of Trustees is encouraging VRSEA members to sign a petition to voice opposition to this merger.
Petition Link
Learn more about the issue at a website created by the group Calling All Members
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