Credit Union News Releases
News and notes from and about Virginia's credit unions!
- Justice Federal Credit Union Announces Merger with Law Enforcement & Technology Federal Credit Union
July 1, 2024Justice Federal Credit Union, (Justice Federal), headquartered in Chantilly, Virginia, expands its footprint in Florida. The Credit Union announced it has merged with Law Enforcement & Technology Federal Credit Union (LE&T FCU), formerly known as United Police Federal Credit Union, located in Miami, Florida.
- Bronco Federal Credit Union Announces the Appointment of Michael ‘Mike’ Kenzie as Chief Executive Officer
June 26, 2024Bronco Federal Credit Union is delighted to announce the appointment of Michael ‘Mike’ Kenzie as the new Chief Executive Officer, effective July 22, 2024. Following a comprehensive internal and nationwide search and selection process, Mike has been chosen to lead Bronco Federal Credit Union into its next phase of growth.
- Chartway Ranked by Forbes and Statista for Best-In-State Credit Unions for Third Consecutive Year
June 25, 2024Committed to Helping Chartway Members Unlock Their Potential So They Can Thrive - Chartway Credit Union has been recognized as one of America’s Best-In-State Credit Unions by Forbes and Statista for the third year in a row.
- New Co-CEOs Lead with Vision and Resilience
June 20, 2024Committed to a succession plan, Roanoke Valley Community Credit Union is thriving. Instead of relying on investments, RVCCU is investing its money into its membership by way of lending, which the leadership team says is true to the purpose of credit unions.
- Apple Federal Credit Union and NextMark Credit Union Announce Intent to Merge
June 12, 2024Apple Federal Credit Union and NextMark Credit Union are excited to announce a joint decision to merge. Here are the details.
- Freedom First Lends $162 Million in Economically Distressed Areas in 2023 Direct Community Giving Exceeds $525,000
May 16, 2024Freedom First Credit Union invites you to review our newly released 2023 Community Impact Report. This report provides details of the targeted investment, economic development, financial education, and community outreach we accomplished in 2023.
- BayPort Foundation Charity Golf Classic Raises Over $165,000
May 16, 2024The BayPort Foundation is excited to announce that it has raised over $165,000 at its third annual Charity Golf Classic event, hosted on May 9, 2024. Fifty-two businesses sponsored the tournament, including the 84 golfers who played the award-winning golf course at the James River Country Club in Newport News.
- Virginia Credit Union Awards $150,000 in College Scholarships
May 16, 2024Virginia Credit Union has awarded $150,000 in college scholarships to 30 student members through the Virginia Credit Union Scholarship Program. Each winner will receive $5,000. Established in 1991, the program has provided more than $1.65 million in scholarships to student members. Virginia Credit Union established the scholarship program to help members working toward their first undergraduate degree. The program honors Dot Hall and Jane Watkins, former presidents of Virginia Credit Union.
- Chartway Credit Union Wins 2024 Top Workplaces Culture Excellence Award
April 25, 2024Chartway Credit Union has received the 2024 Top Workplaces Culture Excellence award for Innovation, Work-life Flexibility, Compensation & Benefits, Leadership, Purpose & Values. The Top Workplaces program by Energage—an organization that develops solutions to build and brand Top Workplaces—has a 17-year history of surveying and celebrating people-first organizations nationally and across 60 regional markets.
- CFPB Takes Action to Stop Illegal Junk Fees in Mortgage Servicing
April 25, 2024Homeowners were forced to pay for "services" that were prohibited or unauthorized. The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. In response to the CFPB's findings, financial institutions refunded junk fees to borrowers and stopped their illegal practices.