February 2018 President’s Message
Listening and Growing
When I first started seven years ago with Virginia Co-op Credit Union, Board Members would tell me we were the “best kept secret in Virginia”. We are one of the few financial institutions in town where decisions are still made locally, by people you know at our office and people you may know from our Board of Directors. This allows us to make quick, member-centric decisions.
As a member-owned, not-for-profit financial cooperative, we offer many benefits that differentiate us from other local financial institutions. Each credit union member/owner is entitled to one vote, and together with other member/owners, they elect volunteer board members to over see the institution. Instead of concern over shareholder interests, the focus of a credit union is improving members’ lives by offering lower rates on loans and positive community outreach.
As more people learn about these benefits, credit union membership continues to grow. Our membership is over 3,000 strong! Nationally, there are over 110 million credit union members who benefit the personalized services of being a member/owner. When you join a credit union, you soon recognize this positive difference. In fact, credit unions were rated as the top financial institution in customer experience ratings.1
Credit unions are helping member/owners improve their financial future. VCCU is here to help you! By providing quality staff and quality products and services through quality delivery systems. We live this out by educating each member/owner about their options to help them achieve their financial dreams.
We love helping member/owners save money, reduce loan interest and consolidate debt. All together U.S. credit unions have saved member/owners a total of $10.7 billion from June 2016 to June 2017.2 Virginia Co-Op Credit Union is doing its share of helping members. We granted over $5 million in loans in 2017!
Please pick up our 2018 credit union calendar in our lobby and check out the date of our Annual Meeting we would love for you to attend! Remember you have a voice and a vote at VCCU!
1. Tempkin group
2. CUNA membership Benefits Report