Chartway Federal Credit- Unveiling the Financial Strength and Services of a Trusted Institution
Chartway Federal Credit Union has been a beacon of financial stability and community support in the Hampton Roads region of Virginia for over six decades. Established in 1958, this not-for-profit financial cooperative has grown from a small group of employees at the Norfolk Naval Shipyard to a financial institution with over 180,000 members and $2.6 billion in assets. In this article, we will explore the history, services, and impact of Chartway Federal Credit Union on the local community.
Chartway Federal Credit Union’s roots trace back to the post-World War II era when the credit union movement gained momentum in the United States. The organization was founded by a group of shipyard workers who sought to create a more affordable and accessible financial option for their colleagues. The credit union’s name, “Chartway,” was derived from the charting of a course towards financial independence and security.
Over the years, Chartway Federal Credit Union has expanded its services to meet the evolving needs of its members. Today, the credit union offers a wide range of financial products and services, including checking and savings accounts, mortgages, auto loans, personal loans, and credit cards. The institution is also committed to providing educational resources and financial counseling to help members make informed financial decisions.
One of the hallmarks of Chartway Federal Credit Union is its dedication to the local community. The credit union actively participates in community events, sponsors local organizations, and donates to various charitable causes. Through its “Chartway Cares” program, the credit union encourages its members to volunteer and get involved in community service projects. This commitment to community has earned Chartway Federal Credit Union numerous awards and recognitions, including the “Community Service Award” from the Credit Union National Association.
In addition to its community involvement, Chartway Federal Credit Union has been recognized for its exceptional service and commitment to member satisfaction. The credit union has received five consecutive “5-Star” ratings from BauerFinancial, a leading independent financial rating firm. This recognition underscores the credit union’s strong financial health and dedication to providing members with the best possible financial services.
As Chartway Federal Credit Union continues to grow and evolve, the institution remains committed to its core values of integrity, innovation, and service. The credit union’s focus on member satisfaction, financial education, and community support ensures that it will continue to be a vital part of the Hampton Roads region for generations to come.
In conclusion, Chartway Federal Credit Union has established itself as a leader in the financial cooperative movement, providing members with a strong foundation for financial success and a sense of community. Through its history of service, innovation, and commitment to the local community, Chartway Federal Credit Union has proven to be a valuable asset to the Hampton Roads region.
