REGULATING AGENCY: Vermont Department of Financial Regulation
- Kevin Gaffney, Commissioner
- Aaron Ferenc, Deputy Commissioner of Banking
- Website: dfr.vermont.gov
LEAGUE: Association of Vermont Credit Unions
- Joseph Bergeron, President/CEO
- Website: vermontcreditunions.coop
PRIVATE SHARE INSURANCE: No
- Largest SCU: 802 CU $371.2M in assets
- Largest FCU: NEW ENGLAND FCU $3.02B in assets
|Second Quarter 2023||SCUs||FCUs||Total CUs||% of SCUs/Total|
|Total Credit Unions||11||6||17||64.71%|
|Credit Union Members||78,702||342,540||421,242||18.68%|
|Credit Union Assets||$958.02M||$5.67B||$6.63B||14.46%|
President Calvin Coolidge was born here, and he was the only US president born on the fourth of July.
Mar. 17, 2023 – The National Association of State Credit Union Supervisors (NASCUS) has announced the appointment of Aaron Ferenc, the Deputy Commissioner of Banking at the Vermont Department of Financial Regulation (DFR), to the NASCUS Performance Standards Committee (PSC) for a two-year term. The PSC is responsible for setting the policies for the NASCUS Accreditation Program and establishing the standards for credit union supervisory agencies to acquire and maintain NASCUS Accreditation.
“I am excited to expand and grow my participation with NASCUS and continue to offer my regulatory perspective to strengthen the state credit unions system. I look forward to working with the PSC to continue maintaining high standards and adapting to our evolving regulatory environment,” stated Ferenc. Read more
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