Services and Products



Important information about procedures for opening a new account:

  • To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
  • What this means for you: You must personally appear at the Credit Union to establish membership. At that time, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

The Credit Union offers the following savings programs.

Regular savings accounts where dividends are paid quarterly on the average daily balance. You have access to the balance above the required minimum of $25. The minimum balance in the share account allows the member access to our other services.

Special savings accounts where dividends are paid quarterly on the average daily balance. No minimum balance requirement.

Club Accounts allow you to save money for any reason in a separate account. You decide how much and how often. The Club Accounts offered are Christmas (Holiday) and Heart’s Desire.

High Yield Accounts are generally a low activity, higher yield share account. High yield accounts offer a tiered structure – the greater the balance in the account the higher the dividend rate.

Certificates of Deposit earn a higher rate of interest. A great way to increase your earnings! The Credit Union provides several options to meet the needs of the member:

  • Certificate terms: From 6 months to 36 months
  • Use of monthly interest payment – your monthly earning can be transferred to your regular share or similar account.

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Individual Retirement Accounts (IRAs) help you to save toward your future retirement.

IRA savings accounts where dividends are paid quarterly on the average daily balance.

Certificates of Deposit earn a higher rate of interest. A great way to increase your earnings! The Credit Union provides several options to meet the needs of the member:

  • Certificate terms: From 6 months to 36 months

Traditional IRAs may be tax deductible and are tax deferred (Check with your tax advisor). Annual deposit limits based on IRS regulations.

Roth IRA is a non-deductable retirement planning option that is funded solely by after-tax dollars. The Roth IRA offers the possibility of tax-free earnings. The Roth IRA allows for tax-free distributions if used for a qualified purpose, such as a first-time home purchase, being over age 59 1/2, or if you become disabled.


This education savings account is a custodial or trust account with a specified purpose for the funds. It is intended to exclusively provide funds for the higher education expenses of a child. Annual deposit limits are based on IRS regulations. When the funds are used for the intended purpose, the accumulated earnings are not subject to taxation (check with your tax advisor).

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Share Drafts are no minimum balance Credit Union checking accounts with additional benefits.

  • Low-cost duplicate checks- basic checks (a box of 150) are available for a very reasonable price
  • Overdraft protection for qualified applicants
  • Automatic funds transfer from savings
  • No minimum balance required
  • No monthly service charges
  • Free Bill Payer
  • Order checks online

Chip Debit Card (Visa Card)/Automated Teller Machine card allows you to deposit or withdraw from your checking or share account without having to make a trip to the Credit Union. Access to your account is available 24 hours a day through the Falcon Cooperative ATM Network. Withdrawals from checking may be made also at many ATM machines worldwide through various networks. Foreign ATM fees apply. Contact the Credit Union for more details. Our Debit card will also allow you to use the card at any business that accepts Visa Card. Debit Card transactions are withdrawn from your checking account.

If you have lost your Debit Card, please call the Credit Union 1.802.371.4211. Nights and weekends please call 1.866.643.9082 immediately to report it and follow up with us to discuss your options.

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Central Vermont Medical Center, Inc. Credit Union offers a variety of loan possibilities. To apply for a loan (loan request) an individual must first become a member of the Credit Union “How to Join” All loan requests are subject to approval by a Loan Officer, or the Credit Committee. Loan approval is based upon the member’s ability to repay, creditworthiness, and other relevant factors. Our borrowing options include, but are not limited to:

Personal/Signature are available for any reason (members are required to disclose the reason in their loan request). The maximum amount of a personal loan is determined by the Board of Directors.

Share/Certificate Secured are available for up to 100% of the balance in the member’s account pledged as collateral.

New and Used Vehicle loan rates vary based in part upon the age and condition of the vehicle, and length of the loan.

Other Titled Vehicle loans consist of boat, recreational vehicle, snowmobile, ATV, or other types of titled vehicles. The rates available for these types of loans vary due to the age and condition of the vehicle and length of the loan.

Other Secured loans may be available to members, depending upon what type of collateral is available to secure the loan. Other collateral might consist of stock or bond certificates or negotiable certificates of deposit from another financial institution.

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Online Banking Services allow members to meet many financial services needs at a convenient time and place provided the member has an up-to-date personal computer and access to the internet. The online banking product includes the latest advances in secure technology, affording a safe environment for protecting privacy and access to accounts. The online banking service enables a member to monitor and manage their entire relationship with the Credit Union and pay bills to the vendors of their choice. Members can view E-Statements, download account information, and even print copies of cleared checks.

  • Secure Online Account Access
  • Funds Transfer Between Accounts
  • Pay Credit Union Loans
  • Pay Bills to Vendors
  • View and Download Account History
  • View E-Statements
  • View and Print Paid Checks


Payroll Deduction is a convenient way to add to your Regular Share, Checking Account, Club Account, IRA or to pay loans from the Credit Union.

Direct Deposit allows you to deposit your paycheck or other recurring payment and avoid an unnecessary visit to the Credit Union! You can use our Online Banking System to manage the funds directly deposited to your account. A safe, secure, and additional time saving benefit of membership.

Notary Public Service is available to you through the Credit Union. We have several employees who can provide this free service for you.

Other features open to all members:

  • Check cashing (members only)
  • Night deposits
  • Free teller checks (members only)
  • NADA used car guide/service (members only)

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Use the telephone to access your accounts with the Credit Union at a time that is convenient for you. The system allows you to transfer funds, check account balances, review which checks have cleared, and so much more! Call 1.877.600.1981.
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