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"Welcome to Vermont" state sign. Source: Shutterstock.

When Steven D. Post stepped down as president/CEO of Vermont State Employees Credit Union in 2014, he never foresaw that it could go from “strong to gone in just eight years.”

Post and former credit union board members have organized to oppose the proposed merger of the $1.9 billion New England Federal Credit Union in Williston and the $1 billion VSECU in Montpelier, the state’s largest credit unions and the industry’s largest consolidation announced so far this year. VSECU members will be voting on whether to approve the proposed merger later this year.

Peter Strozniak

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