The $740 million VSECU in Montpelier, Vt., said Tuesday it has been accepted as a member of the Global Alliance for Banking on Values, an independent network of values-based banks, banking cooperatives, credit unions, microfinance institutions and community development banks from around the world.
VSECU said it is the first U.S.-based credit union to earn membership in the global organization, joining 35 other financial institutions, including seven U.S. banks, in a joint commitment to use finance to promote sustainable social, environmental and economic development.
To earn membership in GABV, financial institutions must have a values-driven agenda at the core of their mission and adhere to the organization's principles of sustainable banking.
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