Virginia
BENEFITS OF THE VIRGINIA STATE CHARTER (View/download PDF)
REGULATING AGENCY: Virginia State Corporation Commission; Bureau of Financial Institutions
Virginia State Capitol
- Joe Face, Commissioner
- Website: scc.virginia.gov/pages/Bureau-of-Financial-Institutions
ACCREDITED: 2002
LEAGUE: Virginia Credit Union League
- Carrie Hunt, President
- Website: vacul.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: VIRGINIA CU $5.15B in assets
- Largest FCU: NAVY FEDERAL CU $165.26B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 22 | 82 | 104 | 21.15% |
| Credit Union Members | 845,283 | 18.10M | 18.95M | 4.46% |
| Credit Union Assets | $13.07B | $235.78B | $248.85B | 5.25% |
FUN FACT
The Pentagon building in Arlington is the largest office building in the world. Additionally, the Pentagon has nearly 68,000 miles of internal telephone lines.
RECENT NEWS
A Different Kind of ‘Mobile’ Banking in Virginia
Courtesy of Toby Hayes, CreditUnions.com
April 14 2023 — Members of Peoples Advantage Federal Credit Union ($98.9M, Petersburg, VA) that reside in remote parts of Southern Virginia needn’t worry if they can’t travel to a branch. That’s because they have a branch that can travel to them.
“We call it our mobile unit,” says Amanda Habansky, CEO of Peoples Advantage. “There’s no clever cartoon name. It’s just the People’s Advantage Mobile Unit. It is really freaking cool, we think.”
In this case, the “branch” is a converted Ford E450 van large enough to seat five people ready to serve members in a variety of ways. The branch on wheels includes a vault for cash transactions, an ATM, instant-issue credit and debit card services, and desk space for loans and new account opening. Read more
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