Are you ready to make the switch to VSECU?
We're different from other financial institutions because we're a not-for-profit financial cooperative, owned and operated by our members. Some of the many benefits of being a member are:
* higher rates on deposit accounts
* lower interest rates on loans and mortgages
* minimal fees with our Member Choice Plan
* environmentally conscious 'green' services
* friendly and courteous service
* free and low-cost insurance protection
* multiple full-service branches around the state
* a volunteer board of directors elected by our members
If you currently conduct your financial transactions with a different institution, you can switch to VSECU and start receiving the benefits of being a member.
As some of the steps can be confusing, we strongly suggest you contact us for more detailed instructions when completing the switch paperwork.
If you haven't already established your membership, apply now. Then make the switch with these easy forms:
Account Closing Request. Use this form to close your account(s) with other financial institutions. Be sure that all of your checks have cleared and automatic withdrawals have stopped before closing your account completely.
Request to change/cancel Automatic Withdrawals and Deposits. Use this form to cancel or switch automatic withdrawals and/or deposits to VSECU. These automatic agreements could include utilities, entertainment, health club membership, charities, insurance, internet service providers, credit cards, etc. Please be aware these changes may not take effect immediately due to processing time at these companies.
Direct Deposit of Payroll change/cancellation Request. Use this form to change or cancel your current payroll deposit arrangement with your employer if you are not an employee of the state of Vermont. Note that some employers may require additional paperwork to complete this change. You may also complete the Payroll Allocation form if you would like your funds to be distributed to multiple accounts. Vermont state employees must complete different forms required by the state to change direct deposit arrangements.
If you are an employee of the state of Vermont, please complete the forms as instructed below and return to VSECU.
If you are changing an existing direct deposit arrangement, complete both the State of Vermont Employee Request for Payroll Deduction Vermont State Employees Credit Union form and the Payroll Allocation form. Complete the payroll allocation form even if the funds are being deposited into only one account.
If you are establishing a direct deposit arrangement for the first time, complete the State of Vermont Employee Request for Payroll Deduction Vermont State Employees Credit Union form, the State of Vermont Employee Request for Direct Deposit form and the Payroll Allocation form. Complete the payroll allocation form even if the funds are being deposited into only one account.
If you would like to establish or switch your Social Security direct deposit, please contact the Social Security Administration at 1-800-772-1213 TTY(1-800-325-0778) or use the Direct Deposit Sign Up form.




