Latest news with #VirginiaCreditUnion
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
08-04-2025
- Business
- Associated Press
Virginia Credit Union Drives Measurable Improvements in Member Experience with Blend's Consumer Banking Platform
Blend, a leading provider of digital banking technology, today announced the successful expansion of its partnership with Virginia Credit Union (VACU), a federally chartered credit union with $7B in assets and over 500,000 members, resulting in substantial improvements in member experience and operational efficiency. Building on four years of mortgage success with Blend, VACU has expanded to deploy Blend's full Consumer Banking suite, creating a unified digital application system for deposit accounts, credit cards, and consumer loans. This strategic move streamlines the application process and delivers a consistent, intuitive experience for both members and loan teams across all product lines. 'With Blend, we saw an opportunity to break free of siloed, individual applications and to create a digital application ecosystem for consumer loans, mortgages, memberships, deposit accounts — all of it,' shared Frank Macrina, Senior Vice President, Products & Channels at VACU. 'With Blend, we've achieved that, providing our members with a consistent and familiar experience.' In addition to seeking a unified solution, VACU wanted a partner committed to continuous innovation—one that could adapt and evolve amidst rapid industry changes. Blend's flexible platform, powered by pre-built core integrations and an extensive partner network, enabled VACU to customize its approach and stand out from other credit unions and competitors. 'Partnering with Blend has allowed us to innovate at the pace the market demands,' said Frank Macrina, Senior Vice President, Products & Channels. 'Collaborating with a partner that's constantly innovating is crucial. Blend came at the right time to present a truly forward-thinking solution. It used the latest and greatest tech, offered strong partnership integrations, and aligned with the backend tools as well.' Key Partnership Achievements – Better Member Experiences Across Product Lines Since adopting the full Blend platform, member experiences have improved across product lines, and the VACU team is seeing results across the board: 70% of member debit cards are funded upon account creation 90% of members said they felt supported throughout the process, compared to 70% pre-implementation 83% of members said the process was easy to complete, compared to 77% pre-implementation Blend's solution has also influenced the membership experience across other products like vehicle loans, credit cards, and mortgages by transforming VACU's deposit account strategy. To read the full case study, visit About Blend Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend's platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit About Virginia Credit Union A financial cooperative serving over 310,000 members, Virginia Credit Union offers 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 is an equal housing opportunity lender and is federally insured by NCUA. For more information, visit Forward-Looking Disclaimer This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'could,' 'would,' 'intend,' 'target,' 'project,' 'contemplate,' 'believe,' 'estimate,' 'predict,' 'potential' or 'continue' or the negative of these terms or other comparable terminology that concern Blend's expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. SOURCE: Blend Copyright Business Wire 2025. PUB: 04/08/2025 11:00 AM/DISC: 04/08/2025 11:03 AM
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.
