Credit Union News Releases
News and notes from and about Virginia's credit unions!
- 1st Advantage Earns Two Prestigious Awards for Outstanding Marketing Achievements
March 26, 20241st Advantage was recently recognized with two prestigious Diamond Awards. These accolades were part of the annual competition organized by America’s Credit Unions Marketing & Business Development Council, which featured 38 categories and received over 1450 entries.
- UVA Community Credit Union Elevates Carolyn Burnett to Vice President of Business Banking
March 22, 2024UVA Community Credit Union proudly announces the promotion of Carolyn Burnett to the esteemed position of Vice President of Business Banking. Burnett's dedication and exceptional contributions since joining the Credit Union in November 2022 have been instrumental in propelling its mission forward.
- Governor Youngkin Appoints Kevin Laine, EVP of ValleyStar Credit Union, to Board of Directors of New College Institute
March 22, 2024ValleyStar Credit Union proudly announces the appointment of Kevin B. Laine, Executive Vice President, to the Board of Directors of New College Institute (NCI). Virginia Governor Glenn Youngkin’s office officially announced Laine’s appointment to the position in a formal press release on March 15, 2024.
- Navy Federal Credit Union Announces Next Chief Operating Officer
March 19, 2024Kara Cardona has been announced as Navy Federal Credit Union’s next Chief Operating Officer. Cardona replaces Dietrich Kuhlmann, who recently succeeded Mary McDuffie as Navy Federal’s Chief Executive Officer. All transitions were effective as of March 1, 2024. Cardona has nearly 25 years of experience at Navy Federal, the past three of which she spent as its executive vice president for Contact Center Operations and Greater Pensacola Operations. Here, she led the credit union's largest business unit and oversaw functions of its three campus locations. As COO, Cardona reports directly to Kuhlmann out of the credit union’s headquarters in Vienna, VA.
- Credit Union Officials Appointed by Gov. Youngkin to State Admin Agencies, Boards
March 17, 2024Virginia Governor Glenn Youngkin has announced additional key administration and board appointments, including current and former credit union professionals.
- BayPort CU Offering $100,000 in Tuition Assistance Scholarships
March 5, 2024Calling local students and working professionals of all ages! Are you seeking a trade or vocational career in plumbing or welding? Enrolled in an Early Childhood Development program? Perhaps you’re a recent Newport News Shipbuilding Apprentice School or Virginia Peninsula Community College graduate? Or maybe you are pursuing an undergraduate or graduate degree at a college or university. If you answered yes to any of the above, BayPort has a scholarship specifically for you!
- Chartway Keeps Delivering on Its Motto, ‘People First, Always’
March 4, 2024Celebrating a Juntos Avanzamos designation and increased team member engagement, the CU’s leaders continue to foster a workplace of inclusion. Chartway’s “People First, Always” statement originated in 2021 and has been embraced by our team. It embodies our commitment to placing the dignity and diversity of people at the forefront of everything we do to unlock the potential of individuals and families so they can thrive.
- Virginia Credit Union Launches New First-Time Home Grant
March 1, 2024Virginia Credit Union is now doing even more to help first-time home buyers offset the cost of purchasing a home with the new VACU First-Time Home Grant. With this enhanced commitment to helping members purchase their first home, the credit union has pledged $50,000 to provide up to $575 per loan in down payment assistance to qualified borrowers. The VACU First-Time Home Grant can be combined with other grants and discounts for further savings.
- Chartway Holds 65th Annual Meeting and Announces 2024–2025 Board of Directors
February 29, 2024On February 27, 2024, Chartway held its 65th Annual Meeting and elected by acclamation the following individuals to the board of directors: Ron da Silva, Curtis Price and Lara Shields. Following the Annual Meeting, the board held its annual organizational meeting. During this time, the following slate of officers was established: Nancy McMahon – Chair; Melinda Barbish – 1st Vice Chair; Jared Perry – 2nd Vice Chair; Wayne Foshay, Sr. – Secretary; and Robert Holmes – Treasurer.
- Freedom First CU, Non-Profit Partner to Help Low-Income Homebuyers
February 29, 2024As housing affordability remains a major challenge nationwide, a partnership in Virginia involving Freedom First Credit Union is ensuring low-income consumers can afford to not only buy a home but stay in it for the long-term.