REGULATING AGENCY: Vermont Department of Financial Regulation

Vermont State House

  • Kevin Gaffney, Commissioner
  • Aaron Ferenc, Deputy Commissioner of Banking
  • Website:


LEAGUE: Association of Vermont Credit Unions


2023 STATS 
  • Largest SCU: 802 CU $0.39B in assets
  • Largest FCU: NEW ENGLAND FCU $3B in assets
Fourth Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 11 5 16 68.75%
Credit Union Members 0.08M 0.35M 0.43M 18.99%
Credit Union Assets $0.97B $5.65B $6.62B 14.65%


President Calvin Coolidge was born here, and he was the only US president born on the fourth of July.

NASCUS Announces the Appointment of Vermont’s Aaron Ferenc to the Performance Standards Committee

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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