Press Contact:
Liz McNulty
Chartway Federal Credit Union
757-552-1000 x43699
cemcnulty@chartway.com

Our nation’s credit unions have been thriving for over 100 years now. As Chartway marks its 50th year of service, we are proud to say that we continue to provide an effective and viable alternative to for-profit financial institutions—especially in these turbulent economic times. This is not to say that the credit union industry has not been impacted by this crisis.

There have been several credit unions, unfortunately, that have failed, and others that are struggling. But due to our commitment to fiscal conservatism and solid underwriting practices, Chartway has never been in danger of being among them. At Chartway, our Board, volunteers, management and staff have remained steadfast in our commitment to making our members our priority.

As the President and CEO of Chartway Federal Credit Union, I want to affirm what Chartway members already know: Chartway deposits are both safe and insured. At Chartway, we stand by our philosophy of “People Helping People,” in good times and in bad. Our organization is committed to protecting and securing our members’ financial future by continuing to offer the products and services that they need and deserve.

Despite this complex and challenging financial market, Chartway stands strong. We have plenty of money to lend. We continue helping members purchase homes, finance their cars, pay for college tuitions and prepare for retirement. It’s what we’ve been doing for 50 years and what we will be doing 50 years from now.

About Chartway Federal Credit Union
Chartway FCU, a not-for-profit financial institution, has been serving members and families since 1959, building a service network that includes 64 branches in 10 states. Headquartered in Virginia Beach, VA, the credit union’s reach extends through Arkansas, Florida, Georgia, New Jersey, North Carolina, Ohio, Rhode Island, Texas, Virginia and Utah. HeritageWest Credit Union and SouthWest Community Credit Union joined the Chartway family in 2010. Utah Central became part of the organization in 2011. Altogether, the organization has assets of more than $1.9 billion, and serves 230,000 members. For more information, visit www.chartway.com; or, follow them at www.facebook.com/chartwayfcu.