Latest news with #ChrisShockley
Associated Press
03-06-2025
- Business
- Associated Press
Following Successful Merger With Roanoke-Based Member One, Virginia Credit Union To Unify Brand, Operations in 2026
RICHMOND, Virginia, June 03, 2025 (GLOBE NEWSWIRE) -- Following a successful merger in August 2024, Virginia Credit Union and its Member One division are pleased to announce that the now-combined organization will operate in all markets as Virginia Credit Union, beginning in the spring of 2026. 'The Virginia Credit Union brand has almost a century of history behind it and boasts a proven track record as a member-focused organization, one that's driven by its mission and focused on delivering value for members through its products, services, and resources,' said Virginia Credit Union President/CEO Chris Shockley. 'We know this merger will continue to benefit our members, staff, and the communities we proudly serve, and we look forward to further building on our proud tradition of member and community service under the Virginia Credit Union name.' The brand decision follows an extensive brand research project and a careful evaluation of both brands' strengths and awareness in current markets. Several factors were considered in selecting Virginia Credit Union as the continuing brand. The credit union will work through 2025 and into 2026 in preparation for Operational Day One, the date legacy Member One operations will be fully integrated into Virginia Credit Union — operating under the same brand and with the same systems, products, and services. Operational Day One will likely occur in the spring of 2026, and the credit union is committed to ensuring a carefully considered and member-centric approach to the integration project. Legacy Member One members will continue to bank as they have for the foreseeable future, utilizing Member One's online and mobile banking platforms, lending services, call centers, and branch locations. Through timely communications, members will be informed of integration milestones and member service updates as the credit union moves through the integration process. 'The most appealing aspect of this merger was the fact that our two organizations shared a belief that what we do and what we offer has a meaningful and positive impact on members and our communities,' said Shockley. 'We put people first and believe the relationships we build with members and within our communities are helping members achieve greater financial success and building stronger, more resilient communities. Combining these two well-respected and trusted organizations under one unified brand will only bolster our ability to fulfill our mission.' Member One members can learn more about the planned rebrand to Virginia Credit Union here. About Virginia Credit Union & Member One A financial cooperative serving almost 500,000 members, Virginia Credit Union and its Member One division offer a variety of affordable banking services, loans, mortgages, and free financial education resources, with a focus on helping people be more confident with their finances. Virginia Credit Union and its Member One division are equal housing opportunity lenders and are federally insured by the NCUA. Attachment Lewis Wood Virginia Credit Union 804-560-5664 [email protected]
Yahoo
03-06-2025
- Business
- Yahoo
Following Successful Merger With Roanoke-Based Member One, Virginia Credit Union To Unify Brand, Operations in 2026
Member One Members Will Continue to Bank as They Have Until Transition to Virginia Credit Union Brand in Spring 2026 One Brand. One Vision. RICHMOND, Virginia, June 03, 2025 (GLOBE NEWSWIRE) -- Following a successful merger in August 2024, Virginia Credit Union and its Member One division are pleased to announce that the now-combined organization will operate in all markets as Virginia Credit Union, beginning in the spring of 2026. 'The Virginia Credit Union brand has almost a century of history behind it and boasts a proven track record as a member-focused organization, one that's driven by its mission and focused on delivering value for members through its products, services, and resources,' said Virginia Credit Union President/CEO Chris Shockley. 'We know this merger will continue to benefit our members, staff, and the communities we proudly serve, and we look forward to further building on our proud tradition of member and community service under the Virginia Credit Union name.' The brand decision follows an extensive brand research project and a careful evaluation of both brands' strengths and awareness in current markets. Several factors were considered in selecting Virginia Credit Union as the continuing brand. Virginia Credit Union has operated continuously for almost a century. Its recognition as a brand is unmatched in many of its core markets, and it enjoys a sterling reputation for its products and services, financial education resources, and community engagement work. By moving forward as a unified brand, Virginia Credit Union is better positioned to create a cohesive and consistent member experience that further cements its reputation as a trusted financial services provider and community leader. Owing to its long history of service to state employees, including staff at various state and local government agencies, as well as colleges and universities, the Virginia Credit Union brand enjoys strong awareness across the Commonwealth, even in areas outside its original core markets, including those communities served by Member One. As a member-owned, not-for-profit cooperative, and in light of the need to be good stewards of members' resources, the significant cost associated with the various competing brand options was also an important consideration. Also considered were the inefficiencies that would result if the organization continued to operate as two distinct brands. The credit union will work through 2025 and into 2026 in preparation for Operational Day One, the date legacy Member One operations will be fully integrated into Virginia Credit Union — operating under the same brand and with the same systems, products, and services. Operational Day One will likely occur in the spring of 2026, and the credit union is committed to ensuring a carefully considered and member-centric approach to the integration project. Legacy Member One members will continue to bank as they have for the foreseeable future, utilizing Member One's online and mobile banking platforms, lending services, call centers, and branch locations. Through timely communications, members will be informed of integration milestones and member service updates as the credit union moves through the integration process. 'The most appealing aspect of this merger was the fact that our two organizations shared a belief that what we do and what we offer has a meaningful and positive impact on members and our communities,' said Shockley. 'We put people first and believe the relationships we build with members and within our communities are helping members achieve greater financial success and building stronger, more resilient communities. Combining these two well-respected and trusted organizations under one unified brand will only bolster our ability to fulfill our mission.' Member One members can learn more about the planned rebrand to Virginia Credit Union here. About Virginia Credit Union & Member OneA financial cooperative serving almost 500,000 members, Virginia Credit Union and its Member One division offer a variety of affordable banking services, loans, mortgages, and free financial education resources, with a focus on helping people be more confident with their finances. Virginia Credit Union and its Member One division are equal housing opportunity lenders and are federally insured by the NCUA. Attachment One Brand. One Vision. CONTACT: Lewis Wood Virginia Credit Union 804-560-5664
Associated Press
17-03-2025
- Business
- Associated Press
Virginia Credit Union Recognized for World-Class Workplace for Third Consecutive Year
Richmond, Virginia, March 17, 2025 (GLOBE NEWSWIRE) -- Virginia Credit Union, a member-owned financial cooperative with 1,100 employees and 490,000 members, has received the Gallup Exceptional Workplace Award (GEWA) for the third consecutive year. Each year, the global research and analytics giant Gallup invites companies meeting a certain standard of excellence to vie for the prestigious GEWA, which recognizes the world's best workplace cultures based on rigorous measurement of their employee engagement, leadership, and performance. Only 70 companies and organizations worldwide are being recognized in 2025. 'To be honored as one of the world's best workplaces for three consecutive years, that's truly special,' said Chris Shockley, President/CEO of Virginia Credit Union. 'At VACU and our Member One division, we are committed to the well-being and success of our people because it's the right thing to do and because we understand that an engaged, elite workplace drives exceptional service and value for our members.' Gallup's meta-analysis on team engagement and performance is the most comprehensive workplace study ever conducted, with data on more than 3.3 million employees in 347 organizations across 53 industries and 90 countries. Highly engaged organizations, such as Virginia Credit Union, significantly outperform their peers on important business outcomes. 'At Virginia Credit Union and our Member One division, living our mission and our values means total commitment to and investment in an engaged, enthusiastic, and encouraging culture centered on employee well-being, connection, and celebration,' said Virginia Credit Union's MaryAnn Fatheddin, Executive Vice President - Human Resources & Enterprise Communications. 'Our focus on our mission to be our members' trusted provider of financial services begins with employees who find purpose and meaning in their work and who are truly encouraged and positioned to thrive.' Despite momentous challenges in a rapidly evolving workplace, Gallup found that Virginia Credit Union continued to engage and develop its people in innovative ways, setting new benchmarks for workplace excellence. 'Congratulations to Virginia Credit Union and this year's Gallup Exceptional Workplace Award winners for setting the standard for a thriving workplace. Your commitment to creating an environment where employees feel valued, heard, and empowered to do their best work is truly remarkable. By prioritizing both people and performance, you are shaping the future of work and proving that exceptional workplaces drive real results,' said Jon Clifton, Gallup's Chief Executive Officer. Virginia Credit Union is always seeking talented, passionate people. View our careers page for available opportunities. Virginia Credit Union is an Equal Opportunity Employer. About Gallup Gallup delivers analytics and advice to help leaders and organizations solve their most pressing problems. Combining more than 80 years of experience with its global reach, Gallup knows more about the attitudes and behaviors of employees, customers, students, and citizens than any other organization in the world. About Virginia Credit Union A financial cooperative serving 490,000 members, Virginia Credit Union and its Member One division offer a variety of affordable banking services, loans, mortgages, and free financial education resources, with a focus on helping people feel more confident about their finances. Virginia Credit Union is an equal housing opportunity lender and is federally insured by the NCUA.
