Vermont flag, hand dropping ballot card into a box - voting, election concept - 3D illustration Members from two Vermont credit unions vote on proposed merger Nov. 8 (Source: AdobeStock).

Is the proposed merger of Vermont’s largest credit unions a referendum on the financial cooperative movement itself? Or is consolidation the best way to help the credit union movement survive and thrive well into the future in the Green Mountain State?

After eight months of public debate, members of the $1 billion Vermont State Employee Credit Union in Montpelier are currently voting on whether to consolidate its 75-year-old organization that serves 71,028 members with the $1.9 billion New England Federal Credit Union in Williston that serves 96,661 members.

Peter Strozniak

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