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Michael Hogan: Vermont values are at the heart of the VSECU merger

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Michael Hogan: Vermont values are at the heart of the VSECU merger


This commentary was written by Michael J. Hogan, a retired state worker and vice chair of the VSECU Board of Administrators.

I joined VSECU in 1986 as a brand new state worker. After retirement from the state of Vermont, I grew to become a director in 2016 and have intensive expertise in board governance as a member of many state and native boards, at present serving as chair of my very own city’s Selectboard and as vice chair of the VSECU board.

I felt it was essential to be direct and reply to the continual deceptive narrative crafted by VSECU’s previous leaders who oppose the merger, led by former CEO Steve Submit and 4 board members. They try and opine as authorities who haven’t been concerned within the enterprise affairs of VSECU for the previous 9 to 20-plus years since their retirement. 

Over 20 years in the past, they departed from our state workers’ exclusivity as an employer-based credit score union and started the transition to a community-chartered credit score union. 

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At the moment our membership is 71,389 sturdy. Our members are from all walks of life, communities, professions and backgrounds. Solely 8% of our members right now can be thought of present or retired state workers primarily based on information final offered by the state of Vermont in Could 2016, demonstrating the ability behind the community impact the place extra folks collaborating creates better worth for all.

Early on on this merger course of, we invited these former leaders to satisfy with our board chair and CEO to debate the proposed merger. They declined.

I wish to deal with a commentary revealed on Sept. 7, “Former VSECU leaders: Save the Vermont State Workers Credit score Union” that’s comprised of nothing greater than misrepresentations and false narratives which can be baseless and designed to inflame folks’s feelings. 

  1. There are not any conflicts of curiosity. We’re a really diligent board that takes our fiduciary duty severely.
  2. For months we now have offered info to our membership. We have now been ruled by a regulatory course of that required approval from the Nationwide Credit score Union Administration earlier than we may share sure info. We have now obtained approval and a member mailing of the proposed merger marketing strategy is coming within the close to future. 
  3. We have now diligently offered info to our members. We hosted member boards throughout Vermont to achieve enter and listen to issues. We discipline calls every day. We act proactively on all suggestions we hear. We have now operated with excessive integrity at each juncture of this proposed merger, as our members anticipate. 
  4. The Board of Administrators will not be stacked. Members vote us in. Sure, it’s totally different from many many years in the past. It’s numerous with gender, pores and skin shade, preferences and consultant of areas from round Vermont, who’re all elected by the membership.

Different factors for readability embody the next:

  • VSECU will not be being acquired. This can be a conscientious merger between two superb cooperatives. We can be a brand new Vermont-based credit score union with a brand new title but to be decided, reflective of our partnership, membership and communities we serve.
  • VSECU is regulated by each Vermont and federal regulators right now. Regulators don’t influence or dictate native management. Their job is to have oversight over the monetary security and soundness of the credit score union. 
  • Individuals who reside in Vermont can be eligible for membership within the newly mixed credit score union.
  • The Chases of the world and different regional or mega-banks are certainly making inroads into our small state. Contemplate that in 2021, banks managed 77% of deposits in Vermont and out-of-state banks managed 40.6% of these Vermont deposits. 

Governing and operating a monetary establishment with the perfect curiosity of individuals over revenue is extremely advanced. To deduce the board made this determination recklessly in a smoky darkish room for the good thing about a couple of, is a determined transfer to persuade others with unsubstantiated statements.

I’m deeply grateful for our founding members and proud to have been a State worker for 30 years. I like Vermont and what we stand for. Like Vermont, VSECU is about inclusion, progress and shifting issues ahead. Our boundaries don’t outline us, our values do.

I’ll proceed to function a board member within the new credit score union, representing the pursuits of our state workers and different members. I ask to your assist by voting YES on the proposed merger and serving to us proceed to maneuver ahead, and never backward, on this dynamic and ever-changing world.

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Tags: nefcu, New England Federal Credit score Union, Vermont State Workers Credit score Union, VSECU

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Grace Potter 'Emotionally Preparing to Lose' Home in L.A. Fires as She Reveals Vt. House Destroyed in Flood Last Summer

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Grace Potter 'Emotionally Preparing to Lose' Home in L.A. Fires as She Reveals Vt. House Destroyed in Flood Last Summer


Grace Potter is staying safe amid the fires in California.

In an Instagram Reel shared on Wednesday, Jan. 8, the “Mother Road” singer spoke about evacuating the Los Angeles fires after recently being in New Orleans during the terror attack on Jan. 1 and losing her Vermont home amid the flooding in July 2024.

“We are safely evacuated from Topanga Canyon but many are still in harms way,” Potter, 41, wrote. “Just now we discovered that the place we evacuated to is also under evacuation orders. They just announced the schools are shut.”

Potter said that she had just arrived in L.A. after a cross-country trip after being in New Orleans “amid the terror attack.” She also mentioned that last summer her Fayston, Vt. farm was “devastated by the floods.”

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“Life is wildly unpredictable and it’s important [to] keep your heart strong and your mind clear. If you see smoke, don’t wait for cell signal,” Potter continued.

“Trust your gut. Pack the necessities & GET OUT. I’m feeling deep gratitude for family, friends, the firefighters and for community. We are lucky. Stay safe out there folks.”

Her Jan. 8 video showed her driving away from the smoke. “Am I a storm chaser, or do I just like being places where really bad things happen? Or is this just happening everywhere? I don’t know,” she said in the clip, adding that she would pick up her son Sagan, 7 this week, from school and found a hotel to stay at.

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On Jan. 1, Potter was in New Orleans celebrating the New Year when a truck intentionally drove through the crowd on Bourbon Street leaving at least 14 people dead and dozens injured.

“We were standing at the corner of the intersection where only hours later a car came crashing through in a terrifying & violent act,” Potter’s joint Instagram post with husband Eric Valentine read.

“Then this morning, as we were in our room packing our bags to leave, a bomb was detonated less than a block away from our hotel in the quarter.”

Valentine added: “I am grateful my family is safe. I am grateful for the brave people who put their lives on the line to do their best to keep us safe. Our hearts go out to those who were injured and to the families and friends of those who were lost.”

In July, the singer posted pictures and videos of the damage from the floods with water overflowing rivers and roadways. Following the flooding, Potter said that the annual Grand Point North Festival would also serve as a benefit for those affected by the Vt. floods.

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“Vermont, my heart is with you. I’ll be home soon, and we will rebuild as we always do,” she wrote.

Grace Potter via Instagram Stories.

Grace Potter/Instagram


Potter also shared a picture of a map of the blaze on her Instagram Stories on Jan. 8, pointing out where her home was. “Emotionally preparing to lose our home,” she wrote. “All i can do now is hope for a miracle & send love to the Canyon that brought me back into the daylight.”

The L.A. fires began on Tuesday, Jan. 7. Thousands of structures have been affected by the disastrous blaze.

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Vermont basketball suffers biggest loss in America East play since 2004-05 season

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Vermont basketball suffers biggest loss in America East play since 2004-05 season


UVM hockey legend Eric Perrin returns to Burlington on coaching staff

Eric Perrin, UVM hockey’s all-time leading goal scorer returns to Burlington helping out on the coaching staff for the past nine days.

Vermont basketball scored the game’s first seven points and built multiple 10-point leads early in the first half of Saturday’s America East Conference showdown at Bryant.

But everything unraveled after the Catamounts’ roaring start.

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The Bryant Bulldogs seized control by the halftime horn and rolled in the second half for a 73-53 victory, handing Vermont its biggest conference defeat in two decades.

The Catamounts (9-9, 2-1) haven’t loss by at least 20 points to a league opponent in the regular season since the 2004-05 finale at Maine, 87-66, when stars Taylor Coppenrath and T.J. Sorrentine did not play. They also suffered a 22-point setback to Stony Brook in the 2011 America East semifinals.

Vermont opened a 24-14 lead on a Shamir Bogues 3-pointer with 8 minutes, 21 seconds before the break. Then the Bulldogs unleashed a 20-6 spurt to close the half. Bryant, though, kept momentum on its side, scoring 20 of the first 22 points of the second half.

The advantage ballooned to 57-32 by the 12-minute mark. All told, Bryant had a 43-8 run spanning the two halves to carve out the insurmountable advantage.

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Connor Withers, who started Bryant’s comeback in the first half with a 3-pointer, paced the hosts with 19 points. Rafael Pinzon and Barry Evans each had 13 points, and Early Timberlake added a dozen points for Bryant’s first win over Vermont since joining America East ahead of the 2022-23 campaign.

For Vermont, Bogues totaled 17 points and six rebounds, and Ileri Ayo-Faleye collected 15 points. Sam Alamutu picked up 11 rebounds.

The Bulldogs scored 22 points off Vermont’s 17 turnovers. Bryant also made 11 3-pointers.

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The Catamounts return to action for the league home opener Thursday night vs. Binghamton.

Contact Alex Abrami at aabrami@freepressmedia.com. Follow him on X, formerly known as Twitter: @aabrami5.





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Bryant men’s basketball blisters reigning America East champion Vermont; here’s how

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Vermont basketball suffers biggest loss in America East play since 2004-05 season


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SMITHFIELD — Bryant men’s basketball’s addition to the America East three years ago didn’t alter the traditional powers.

Vermont captured the last two league titles to finish off a stretch of five crowns in six years for the Burlington program. Bryant, before joining the conference, largely had no history with its northern neighbors outside of a home-and-home series in 2013-14.

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The Bryant-Vermont matchup was reintroduced in January of 2023 with Vermont winning all four meetings since they became conference foes. Bryant halted that run and redirected the league’s authority on Saturday night at the Chace Center.

Bryant (8-9, 2-0) blistered the Catamounts with an early run and thumped Vermont in the second half for a 73-53 triumph behind Connor Withers’ 19 points. The six-year guard caught fire at the end of the first half and shot 8-14 for the game. Bryant only kept that potent scoring going in the second half.

“I don’t even know my record against them,” Withers said of Vermont. “I’ve lost a lot more than I’ve won against them. And then losing in the championship, I’ve got a lot of respect for that team. They’re top of the conference every year, the team to beat every year. It does feel good.”

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Withers transferred to Bryant from UMass Lowell last season. The guard lost to Vermont, 72–59, in the 2022-23 conference championship. Saturday’s win can’t erase that feeling, but his shooting can pace a conference run for Bryant this winter.  

“It’s just another win and it’s just one win,” Withers said. “As good as it feels to beat them, it only counts for one win. It doesn’t count for five wins in the conference, it counts for one win. As good as it feels, it doesn’t mean too much if we don’t handle business next week and the next game that we play.”

The Bulldogs trailed, 15-5, before trading 3s with Vermont on six straight possessions. They withstood Vermont’s best punch through the first 12 minutes of the game and trailed just 24-17 on Withers’ second 3-pointer.

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The shot from the wing got Withers going as he added his third trey of the contest just a few minutes later to give Bryant its first lead, 28-26, with 4:20 to play in the frame. He added another long jumper and a layup high off the glass for a personal 7-0 run.

“It’s the discipline,” Bryant coach Phil Martelli Jr. said of Vermont’s success. “I would bet there’s not a lot of games where they’ve turned it over that much (17 turnovers) and haven’t turned the opponent over. The game was played on our terms, outside of those first minutes, which is hard to do against them. They usually play it on their terms and then you get into that game trying to beat them at their game. That’s hard to do, as we’ve seen.”

Withers’ sequence started a Bryant run, 23-6, that ended only from the halftime horn. But the Bulldogs didn’t stop, and out of the break scored 20 of the first 22 points. All told, Bryant’s supremacy was a 43-8 run over 17 minutes of play.

“I was concerned about us settling,” Martelli said. “And then we came out, we got to the rim, we scored, and we’re able to get some layups and do some things. … And that goes to, we have guys that have the ability to do multiple things.

“That was key for us. I think being able to start that half and getting some layups, obviously, getting the stops along with it.”

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Barry Evans and Rafael Pinzon both chipped in 13 points. Earl Timberlake added a dozen with six rebounds, four assists and four steals as Bryant shot 44.6% from the field and was 11-for-27 from beyond the arc.

“I get it, we haven’t beaten them,” Martelli said. “They are the standard. They are flat-out the standard. But it’s [only the second conference win].

“It’s good we beat Vermont because that’s who we played today. We got number two, now let’s get number three.”

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jrousseau@providencejournal.com

On X: @ByJacobRousseau





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