New commissioner named
July 7, 2016 — Michael Pieciak is the new commissioner of the Vermont Department of Financial Regulation, replacing Susan Donegan who completed her service June 30.

Formerly deputy commissioner of the agency’s securities division, Pieciak has practiced law in Vermont and New York, and has public service to former Gov. Howard Dean and Sen. Patrick Leahy (D-Vermont).

In a statement, Vermont Gov. Peter Shumlin praised Pieciak. “Susan Donegan left big shoes to fill, but I cannot think of someone who is more prepared to lead DFR at this critical time than Mike,” Shumlin said.

Vermont, Idaho approved for reaccreditation
Feb. 1, 2016 — State financial institution regulatory agencies in both Idaho and Vermont have been approved for reaccreditation by NASCUS and the Conference of State Banking Supervisors (CSBS) following recent reviews.

Northern Lights Credit Union Becomes First Low-Income Designated Credit Union in Vermont in 25 Years
June 26, 2014 – Montpelier, Vt. – Vermont has its first low-income designated credit union in 25 years. Northern Lights Credit Union, headquartered in St. Johnsbury, Vt., with an office in Littleton, N.H., was issued a Certificate of Approval by the Vermont Department of Financial Regulation on June 11, 2014. Total assets of the credit union are $19 million. The credit union serves select employee groups and members living or working in certain towns in the Northeast Kingdom of Vermont and Northern New Hampshire.


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