Please ensure Javascript is enabled for purposes of website accessibility

Virginia Credit Union

Mar 7, 2025

VACU appoints risk management, internal audit officers

Virginia Credit Union and its Member One division announced last week that it has named two executives to oversee risk management and the Chesterfield County-based credit union’s internal audit function. Mike Brunson has assumed the newly created role of executive vice president and chief risk officer. Meanwhile, VACU promoted Kenya Maddox to senior vice president […]

Man wearing glasses and suit and tie
Sep 16, 2024

VACU names Member One regional head for Roanoke, Lynchburg

Tim Rowe will be president of Virginia Credit Union division Member One‘s markets in the Roanoke and New River valleys and Lynchburg, as the former Roanoke credit union integrates with VACU.  Member One Federal Credit Union and VACU finalized their merger Aug. 1, creating a combined institution with 500,000 members and $7 billion in assets, […]

Aug 1, 2024

Virginia Credit Union-Member One merger approved

Virginia Credit Union‘s merger with Roanoke-based Member One Federal Credit Union was finalized Thursday, following a vote by Member One’s customers to approve the deal announced in January. Effective Thursday, Member One becomes a division of VACU “as the organization works toward full integration of its systems and service platforms,” according to a news release […[...]

Jul 30, 2024

Merger mania

Banking mergers and acquisitions are picking back up again after the slowest year in recent history, and Virginia is no exception. Last year marked a modern low in merger and acquisition activity, with only 98 deals completed nationwide. That’s not just the lowest level of activity since the pandemic — it’s the slowest year since […]

Jan 30, 2024

Top Five February 2024

The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive. 1   |   DXC Technology replaces Mike Salvino The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and […]

Jan 11, 2024

Virginia Credit Union, Member One announce merger

Chesterfield County-based Virginia Credit Union and Roanoke-based Member One Federal Credit Union announced plans to merge Thursday, a deal that would create the state’s third largest credit union, with a combined $6.7 billion in assets and 500,000 members. VACU is currently the fourth largest Virginia-based credit union, with $5.18 billion in assets, according to the […]

Aug 30, 2023

Finance | Insurance 2023: CHRISTOPHER M. ‘CHRIS’ SHOCKLEY

Under Shockley’s leadership, the Virginia Credit Union received a 2023 Gallup Exceptional Workplace Award, marking the first time the credit union made the list. The state’s third largest credit union, Virginia Credit Union reported more than $5 billion in assets for 2022, and has more than 300,000 members. A Roanoke native who earned his bachelor’s […]

Virginia Credit Union’s attempt to add the Medical Society of Virginia’s 10,000 members is being disputed by the Virginia Bankers Association and seven community banks. Photo by Rick DeBerry
Aug 3, 2022

Va. Credit Union loses bid to expand membership

The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between the credit union, the Virginia Bankers Association and several community banks in the state. The credit union issued a brief statement Wednesday: “We are disappointed [...]

Dec 10, 2019

Oral arguments set for Virginia Credit Union, bank dispute

Oral arguments are set for Jan. 6 in a dispute between the Virginia Credit Union and seven small community banks and the Virginia Bankers Association (VBA) over the credit union’s offer to include the Medical Society of Virginia’s 10,000 members. A. Ann Berkebile, a senior hearing examiner at the State Corporation Commission, scheduled oral arguments […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.