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News Releases

Data Breaches a Real, Expensive Threat for All Financial Institutions

Dec 5, 2014 by Lewis Wood

In 2013, the financial industry had the second highest per capita data breach cost and racked up more than $11.3 billion in card fraud expenses. What’s driving these breaches? Two major categories: Payment card and cyber breaches. Protect...

Langley Federal Credit Union Announces New Foundation to Focus Charitable Giving on Local Family Issues

Dec 4, 2014 by Lewis Wood

Langley Federal Credit Union has formed the Langley for Families Foundation to establish focused charitable giving on family issues in the Greater Hampton Roads area. The Foundation will operate outside of the Credit Union’s existing charitable giving...

Belvoir Federal Serves Thanksgiving Dinner to Soldiers on Fort Belvoir

Dec 4, 2014 by Lewis Wood

On Thanksgiving Day, Belvoir Federal Credit Union provided and helped serve 492 Thanksgiving dinners to soldiers and their families. Belvoir Federal employees and their families arrived in two shifts throughout the day to assist Fort Belvoir’s...

Fairfax County FCU Celebrates New Herrity Building Branch

Dec 4, 2014 by Lewis Wood

Fairfax County Federal Credit Union celebrated the opening of its sixth branch on Monday, Dec. 1, with a ribbon-cutting ceremony, giveaways and special activities. The new branch is in the County Government Center’s Herrity Building in Fairfax....

Mid-Atlantic Corporate’s Family of Companies Supports Children’s Miracle Network Hospitals in 2014

Dec 4, 2014 by Lewis Wood

Mid-Atlantic Corporate and its family of companies categorize 2014 as both busy and successful. Over the last 12 months, the Mid-Atlantic Corporate family of companies has participated in 14 events to benefit Children’s Miracle Network (CMN) Hospitals...

Southside Chapter Credit Unions’ Eighth Annual Benefit Golf Tournament Raises Over $21,000 for CMN Hospitals, VACUPAC

Dec 3, 2014 by Lewis Wood

Southside Chapter of VA Credit Unions’ Eighth Annual Golf Tournament, held in September, at the Cardinal Golf Course on Fort Lee, raised over $21,000 to support the Children’s Miracle Network of Richmond and the Virginia Credit Union Political...

2014 National Maxwell, Herring, Desjardins Winners Announced

Dec 2, 2014 by Lewis Wood

Recipients of the 2014 Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education were recently chosen from among the state winning entries...

Julie Yoder Named Sr. Mortgage Loan Advisor at Park View Credit Union

Nov 25, 2014 by Lewis Wood

Julie Yoder has been appointed Sr. Mortgage Loan Advisor at Park View Federal Credit Union.

Despite Signs of Economic Improvement, Consumers Unlikely to Increase Holiday Spending, According to 15th Annual CFA-CUNA Holiday Spending Survey

Nov 24, 2014 by Lewis Wood

More consumers report lower intended holiday spending in 2014 compared to 2013, according to the 15th annual holiday spending survey conducted by the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA). This...

The Board’s Critical Role in Preventing Internal Fraud

Nov 23, 2014 by Lewis Wood

For a perfect mini-seminar on how a board of directors can allow internal fraud to sink a credit union, take an hour or so to peruse the NCUA’s “material loss reviews.” These summarize investigations into why credit unions failed, resulting...

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