Chartway Federal Credit Union is a credit union headquartered in Virginia Beach and is chartered and regulated under the authority of the National Credit Union Administration (NCUA). Chartway, a not-for-profit financial institution, has been proudly serving members for more than 50 years. The $2 billion credit union is dedicated to making life more affordable for its nearly 180,000 members through nearly 50 branches and a full slate of online, mobile, and telephone banking services, including mobile deposit, mobile bill pay, and digital wallets. As one of the largest credit unions in the country with membership concentrations in Virginia, Utah, and Texas, Chartway is consistently recognized for its financial strength, its high ratings in member satisfaction, and for being an award-winning leader in charitable giving through its We Promise Foundation and CARE Team.
For more information, visit https://www.chartway.com/.
History
Virginia Beach Chartway Federal Credit Union robbed - Virginia Beach Chartway Federal Credit Union robbed.
On September 4, 1959, seven civilian workers at the Norfolk Naval Air Station each invested $5.00 and incorporated NorVA N.A.S. Federal Credit Union. In October 1959, the organization that would later become Chartway Federal Credit Union was chartered. Its field of membership included civilian and military personnel, along with their family members. The charter also extended to employees of the credit union and their families. The main purpose of this new credit union was to provide low-cost loans and to provide a convenient place for its members to save in a more organized manner.
In January 1965, NorVA N.A.S. reached its first milestone of $1 million in assets and over 3,000 members. In 1969, the credit union had an opportunity to further expand with the passage of government legislation that allowed credit unions to change its charters. Members would now be eligible for lifetime membership even if they left the qualifying field of membership. Because of this, the credit union was able to retain its members and open its membership to retired Navy department civilians. In April 1972, the credit union changed its name to the Naval Air Norfolk Federal Credit Union. It also merged with Radron Credit Union to expand its field of membership to include the Cape Charles Air Force Station and anyone in the military who used either base.
In March 1983, the credit union changed its name again to Naval Air Federal Credit Union. In 1996, the credit union became Chartway Federal Credit Union. Because there were branches in many different states and a much broader field of membership, the name “Chartway†was chosen because it reflected the members loyalty and a dynamic new course.
In 2000, Chartway introduced its eBranch Internet Banking, which allowed members to manage their accounts online, pay their bills online, and receive electronic statements. By 2005, Chartway reached $1 billion in assets. During the mid-2000s Chartway partnered with local supermarket Farm Fresh Food & Pharmacy to provide financial services to grocery shoppers. As of 2010 Chartway has eighteen full service branches located in Farm Fresh supermarkets.
In 2010,HeritageWest Credit Union and SouthWest Community Credit Union joined the Chartway family and Utah Central Credit Union became part of the organization in 2011. Together, they are now recognized as Chartway Federal Credit Union.
Membership
Chartway services members in Florida, North Carolina, Texas, Utah, and Virginia. Membership with Chartway Federal Credit Union is limited to people who share a common bond or who join its charitable arm, the We Promise Foundation. An individual is eligible to join Chartway under the following guidelines: he/she lives, works, worships, or goes to school in a defined geographic area served by one Chartway’s branches; he/she is an immediate family member of a Chartway member; he/she is an employee or an immediate family member of an employee who works for one of the Select Employer Groups who offer Chartway’s credit union benefits to employees.
References
Berry, Carolyn. The Story of Chartway Federal Credit Union: From Cigar Boxes to Data Chips. Chesapeake, VA: Professional Printing Center, 2001.
External links
- Chartway Federal Credit Union official website
- We Promise Foundation official website
