Credit Union News Releases
News and notes from and about Virginia's credit unions!
- 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.
- Four Virginians Among 29 Credit Union Innovators Selected for Filene's i3 Program
February 27, 2024Twenty-nine of the credit union industry’s most innovative leaders come together to form the newest cohort of the Filene i3 Program. This latest cohort includes four credit union professionals from Virginia-based credit unions. In its 20th year, the prestigious program experiences heightened demand and intensified competition, as an increasing multitude of exceptional credit union professionals submit their applications every year. Filene i3 is a two-year innovation leadership program equipping top credit union professionals with the mindset, tools, and network to lead and shape the credit union of the 21st Century.
- Connects FCU Announces James McBride as New CEO
February 26, 2024The Board of Directors of Connects Federal Credit Union is pleased to announce the selection of James McBride as the credit union’s new President/Chief Executive Officer. Mr. McBride will succeed Ms. Evelyn Dowdy, who is retiring after serving in the role for nearly 26 years.
- Waverly, Virginia Announces Business Start-Up, and Expansion Competition
February 22, 2024Waverly, Virginia is holding a business plan competition with grant prizes of up to $15,000 for new or expanding businesses located in the Town. Accepted entrepreneurs must participate in a 9-week business planning course offered through Peoples Advantage Federal Credit Union, which will culminate in a “Shark Tank” style juried pitch night to be held May 23, 2024.