financial and economy : Joseph Finnigan runs the Vermont Federal Credit Union

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Joseph Finnigan runs the Vermont Federal Credit Union

based on a simple philosophy: "Not for profit, not for charity, but for service." The 57-year-old CEO takes pride in overseeing a financial institution owned by its members rather than stockholders. Since he became involved with the credit union in 1978 when it held just over $1 million in assets, the organization has grown exponentially to more than $100 million in assets from 19,000 members. It's the third-largest credit union in the state. Finnigan has personally overseen much of the credit union's growth and is respected as one of the state's top financial managers. ... The Vermont Federal Credit Union is in a period of transition and rapid growth. Within the last year, the organization expanded its field of membership to include anyone who lives or works in Chittenden, Addison, Grand Isle, Lamoille or Washington counties. It has grown its assets at a rate of at least 17 percent per year for the last five years.

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