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).
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 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.
Joined today by lawmakers and others who supported Vermont Olympians at the 2014 Winter Games in February, Gov. Peter Shumlin hosted five athletes in his State House Ceremonial Office and thanked all 19 Vermont Olympians for their strong performance in Sochi, Russia.