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Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

Terence Field

Terry Field is the senior vice president of finance at VSECU. In his role, he is involved with the other members of the Senior Management Team and members of the Asset Liability Management Committee in setting both loan and deposit rates. During his tenure at VSECU, Terry has seen the highs and lows of the interest rate cycles. When Terry isn’t trying to guess the future direction of interest rates, he is riding his bike in the summer and skiing in the winter.

By: Terence Field

July 30th, 2020

FAQ: What to Know and Expect about the Coronavirus Recession

Credit and Debt | Investing in the Future

When I began to consider writing about economic recession, the pandemic crisis was in its beginning stages and preparing for a recession was a largely theoretical conversation. Fast forward four months, and we are in a recession that surpasses the Great Recession of 2008. Downturns to both the state and national economies have caused a level of financial hardship most of us have never experienced—unless you were alive for the Great Depression from 1929 to 1941. Rather than heighten your concern or cause you despair, however, my goal is to answer some frequently asked questions and provide you with a framework to better understand the current economic recession and what we might expect moving forward.

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By: Terence Field

March 5th, 2020

How Are Interest Rates Determined by Financial Institutions?

Learn Something New

As a finance professional, I am frequently asked “what is going to happen to interest rates?” The obvious answer is that interest rates are going to go up and they are going to go down. I just don’t know when they are going to go up or down. If I did, I would be a much wealthier person. The reality is that no one can accurately predict the direction of interest rates.

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