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Homebase Credit Union CEO to Retire

Sarah Marks
Homebase Credit Union
Phone (804) 452–0736, ext. 135

Patsy StuardFollowing a 45-year career with Homebase Credit Union, CEO Patsy Stuard will retire Feb. 2, 2023.

Mrs. Stuard began working at the credit union in 1978. Over her tenure, she held almost every position within the organization. Since her promotion to CEO in 1991, the credit union has experienced extensive growth. Under Mrs. Stuard’s leadership, assets have grown from $16 million to $259 million; membership has grown to over 17,250; employees have increased from 11 to 49; a new branch was built on Fort Lee in 2007, the corporate headquarters went through several expansions, and a third branch location in Chester is set to open by mid-2023.

She also guided Homebase Credit Union through two charter expansions, ultimately providing membership opportunities to the Greater Richmond community, including 14 counties and 4 cities. To provide clarity on the expanded membership eligibility, Mrs. Stuard oversaw the credit union’s name change and rebrand from Fort Lee Federal Credit Union to Homebase Federal Credit Union (regularly referred to as Homebase Credit Union).

Living the credit union’s mission to improve the lives of our members and build a stronger community, Mrs. Stuard positioned the credit union to be an advocate for members and a champion for the community.

Over the years, Homebase Credit Union has led numerous adult and youth financial education programs and classes; created credit-building products and services; implemented a youth scholarship program; provided sponsorship and support for Fort Lee Army Community Services, Housing, and Family Morale Welfare and Recreation initiatives; participated in area chambers; donated and volunteered at area food banks; supported local civic organizations; sponsored area schools and sports teams; participated in Adopt-A-Highway; hosted an annual charity golf tournament; facilitated bi-annual Shred Day and Food Drive events; among many other generous initiatives.

During her leadership, Homebase Credit Union received numerous awards: the 2009 Credit Union of the Year by the National Association of Federal Credit Unions; several Diamond Awards from the Credit Union National Association; and various service awards on state and national levels, including the Dora Maxwell, Louise Herring, and Desjardins Awards. In 2016, Mrs. Stuard was named CEO of the Year by the National Association of Federal Credit Unions.

An avid supporter of the credit union movement, Mrs. Stuard has donated her time over the years to numerous industry organizations. She has served in various roles, including President of the Southside Chapter of Credit Unions, member and Chair of the Virginia Credit Union League Board of Directors, member and Chair of the League’s Governmental Affairs Committee, member of the Virginia Corporate Credit Union Board of Directors, Chair of the Defense Credit Union Council Hall of Honors Committee, member of the Council’s Military Advocacy Committee, and member of the Board of Directors for Member Advantage Mortgage.

“Patsy’s contributions to the staff and members of Homebase Credit Union go beyond just management. She has led with heart and steadfast commitment. We are grateful for her service and much of the credit union’s success is owed to her leadership,” shared Eric Palco, Chairman of the Board of Directors for the credit union.

Mrs. Stuard will step down Feb. 2, 2023. In 2022, the Board of Directors engaged an executive search firm to manage the recruitment and hiring process. On February 1, Homebase Credit Union will welcome incoming CEO, Clint Summers, to the credit union family.

About Homebase Credit Union

Homebase Credit Union (formerly Fort Lee Federal Credit Union) is a community-chartered credit union headquartered in Prince George, Virginia.  Since 1952, the credit union has provided affordable financial services to the community through checking, savings and loan products to assist the local membership with their financial service needs.

Homebase Credit Union serves residents of Amelia, Charles City, Chesterfield, Colonial Heights, Dinwiddie, Goochland, Hanover, Henrico, Hopewell, King and Queen, King William, New Kent, Nottoway, Petersburg, Powhatan, Prince George, Richmond, and Sussex.

Questions can be directed to Sarah Marks, VP of Marketing and Advertising, via email at: sarah.marks@homebasecu.org. For more information on membership and services, visit www.homebasecu.org.

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