VSECU, PMH Credit Union plan to merge

Wed, 04/23/2014 - 4:53pm -- tim

The Boards of Directors of PMH Credit Union in Bennington, and Vermont State Employees Credit Union, a statewide credit union for everyone who lives or works in Vermont based in Montpelier, have announced a plan to merge the institutions. According to the Vermont Department of Financial Regulation, VSECU is the second largest credit union in the state with over $600 million in assets and PMH is the 22nd largest and has about $4 million in assets (New England Federal Credit Union is the largest with about $1 billion in assets).

Norwich University Applied Research Institutes joins the National Cybersecurity Preparedness Consortium

Wed, 04/23/2014 - 2:38pm -- tim

Vermont Business Magazine Norwich University Applied Research Institutes (NUARI) has been named to the National Cybersecurity Preparedness Consortium (NCPC) as part of a grant from the Federal Emergency Management Agency announced earlier this month.

Vermont Attorney General announces crackdown on illegal lending, $1 million already settled

Wed, 04/23/2014 - 12:49pm -- tim

Vermont Business Magazine Today, Vermont Attorney General William H Sorrell launches a sweeping effort to address the growing problem of illegal and predatory online lending. “Online lenders are taking advantage of thousands of low and moderate income Vermonters. They offer illegal short-term, very high-interest loans via the internet.” said Attorney General Sorrell. “These predatory loans are designed to entrap consumers in long-term debt.