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Chartway FCU Announces Retirement of Long-Time Board Member

May 14, 2013 by Lewis Wood

46-year credit union volunteer and 36-year Board Member Al Merritt retires from Virginia Beach-based Chartway Federal Credit Union

Virginia Beach, VA (May 14, 2013) Following 46 years of commendable volunteer service and 36 years of loyal leadership on Chartway FCU’s Board of Directors, it is with great appreciation for his contributions that the credit union announces that Al Merritt has retired.

As a well-respected ambassador and long-time friend of the credit union, Merritt had an immeasurable impact on the organization. During his years of volunteer service, he helped grow the credit union from a small “mom and pop” savings shop serving 5,122 member owners in 1967 to a thriving financial institution now delivering the credit union difference to nearly 200,000 members across the country.

With great passion and purpose, Merritt contributed to the credit union’s long-term stability and growth in several influential ways.

During his 36 years on the elected Board, he served as First Vice Chair and Second Vice Chair and led the Board as Chairman from 1994 – 1998. Additionally, he contributed to the credit union through his participation on numerous volunteer committees, including the Credit Committee, Loan Review Committee, New Services Committee, Nominating Committee, Special Activities Committee, Directors Memorial Scholarship Committee, Asset / Liability and Management Committee, Volunteer Recruitment & Development Committee, and the Education Committee.

Through his involvement on the Board and volunteer committees, Merritt helped the credit union fulfill its mission of bringing people together to enhance their quality of life in ever-evolving, value-enhancing ways.

“Al’s bold business acumen and thoughtful leadership has made all the difference,” said Ron Burniske, President and CEO of Chartway Federal Credit Union. “He helped grow the credit union into the strong, well-capitalized and trusted financial institution that it is today. We are deeply grateful for his transformative leadership and his extraordinary contributions.”
Although he will be retiring from the Board, Merritt will continue to serve on several credit union committees in the capacity of Board Emeritus - Active. He will also maintain his Director position on the We Promise Foundation Board of Selection, the credit union’s charitable arm dedicated to making dreams come true for children battling life-threatening illnesses.

Merritt began volunteering at the credit union the same year he graduated from an apprenticeship program with the United States Navy. He later retired from the Department of Defense Navy Civilian program after serving 30 years as a Mechanical Engineering Technician. He has been married to his wife, Linda, for 49 years and has one daughter, Lisa.

About Chartway Federal Credit Union
Chartway FCU, a not-for-profit financial institution, has been serving members and families since 1959, building a service network that includes 60 branches in 10 states. Headquartered in Virginia Beach, VA, the credit union’s reach extends through Arkansas, Florida, Georgia, New Jersey, North Carolina, Ohio, Rhode Island, Texas, Virginia and Utah. HeritageWest Credit Union and SouthWest Community Credit Union joined the Chartway family in 2010. Utah Central became part of the organization in 2011. Altogether, the organization has assets of more than $1.9 billion and serves nearly 200,000 members. For more information, visit; or, follow them at

About the We Promise Foundation
As the charitable arm of Chartway FCU and its divisions of HeritageWest, SouthWest Community and Utah Central Credit Unions, the We Promise Foundation is dedicated to making dreams come true for children struggling with degenerative, life-threatening, debilitating or chronic illnesses, or those facing tremendous hardship. The foundation was launched in 2005 based on the enduring success of Chartway’s charitable events. Since 1999, Chartway and We Promise Foundation have raised more than $5.3M to lighten the burden of more than 900 children through our partnerships with numerous charitable children’s groups who share our passion and mission to make a difference.


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