MONTPELIER – VSECU, a cooperative credit union for Vermonters, has revealed a collaboration with Vermont-based equity crowdfunding business Milk Cash L3C, developed to empower entrepreneurialism and drive local company advancement.
“This is precisely the kind of collaboration that makes Vermont a really special location to grow a business or an idea. With a neighborhood at hand who thinks investing in your area is not only the best thing to do, but the clever thing to do, Vermonters are dealing with financial and social difficulties head on in the most imaginative methods,” stated Gov.Peter Shumlin. “Thank you to Milk Money and VSECU who have actually created such a collaboration to support Vermont little companiessmall companies and regional business owners in a big way,” he said.The partnership consists of an equity investment in Milk Cash through VSECU’s completely owned, separately ran subsidiary, Vermont Heritage Financial Group (VHFG), and represents the first official initiative as part of VSECU’s new vision. Under this brand-new vision VSECU will take advantage of its scale, capacity and cooperative principles to cultivate social, environmental and financial prosperity throughout Vermont.
“Our mission has actually long been to improve the lives of all Vermonters, and our new vision is really a renewed concentrate on that objective in a really actual sense,” said Rob Miller, CEO of VSECU. “With our big scale and reach across the state, we are in a really unique position to bring people together and empower the possibilities to assist tackle a few of Vermont’s economic and social challenges. Cultivating favorable social and financial change improves the communities where our members live, creating a real effect on our members outside of our financial items, which’s our supreme objective.”