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PRESIDENT AND CEO, VIRGINIA CREDIT UNION, RICHMOND
PRESIDENT AND CEO, VIRGINIA CREDIT UNION, RICHMOND
Virginia Business// August 29, 2024//
Following a vote by Roanoke-based Member One Federal Credit Union’s customers, Virginia Credit Union’s merger with Member One was finalized Aug. 1. The combined credit union is expected to be the state’s third largest, with combined assets of $7 billion and about 500,000 members.
Shockley will remain president and CEO of the combined credit union, and Frank Carter, president and CEO of Member One, will serve as senior executive business adviser until he retires.
Under Shockley’s leadership since 2016, VACU reported more than $5.32 billion in assets in 2023 and boasts more than 320,000 members. The credit union opened five branches in Richmond last year.
Shockley earned his bachelor’s degree in economics from Radford University and his MBA from Liberty University. He is the board secretary for PSCU, a credit union service organization.
In the community, Shockley serves as board chair of the YMCA of Greater Richmond and as the immediate past chair of the Virginia Council on Economic Education. He also sits on the board of the Virginia-West Virginia Chapter of the National Multiple Sclerosis Society.
