The
mission of Virginia Beach Schools Federal Credit Union is to promote the
financial well being of its members by providing comprehensive and
progressive financial services
and to become their preferred financial institution.
We strive to uphold this commitment by becoming the financial partner that helps
members (owners) realize their financial goals by our singular dedication to
understanding and satisfying their individual needs. This can only be
accomplished by establishing and maintaining a relationship of mutual respect
and trust with all of our members. A relationship that is also built on adhering
to the Credit Union's core values of being democratic, accessible, reliable,
progressive thinking and providing family-like service.
Our History
We were founded in 1960 at Princess Anne High School, and have
been steadily growing since. In 1986, we added the employees of Accomac
and Northampton County Schools on the Eastern Shore, and shortly
thereafter, added the employees and students of Virginia Wesleyan College.
In addition we serve employees of the Adult Learning Center
and Advanced Technology Center, both located in Virginia Beach.
If you have a child who attends the Virginia Beach City
Public Schools, you may join VBSFCU. We now serve over 11,000
members.
Along with the Virginia Beach City Public Schools, the
employees and students of Virginia Wesleyan College are also eligible for
membership at VBSFCU. You can learn more about what Virginia Wesleyan has
to offer by visiting their web site at
http://www.vwc.edu.
What Is a Credit Union?
It is a non-profit financial organization owned and operated
by its members for the benefit of all who belong - and founded on the
philosophies of "people helping people" and “not for profit, but for service.”
Unlike some financial institutions, our volunteer Board of Directors are
member-owners, who work in the best interest of other fellow member-owners.
Without shareholders to pay, profits are returned to members in the form of
lower loan rates, low or no-fee products and services, and higher savings rates.
At a bank, the only people who benefit from profits are the investors.
Members at a credit union are member-owners because his or her
deposit represents a share of ownership; however at a bank, the owners are
typically small groups of investors. Credit union members are united by a common
bond of membership. Through this cooperative effort, members typically enjoy
greater access to free or discounted services, higher savings rates and lower
loan rates as compared to most for-profit financial institutions.
Credit unions are insured by the National Credit Union
Administration (NCUA), a U.S. government agency for deposits up to $100,000.
Supporting Our Community
In keeping with our philosophy of "people helping people," the staff and
volunteers of the Credit Union are committed to giving back to our local
communities through a variety of ways. This includes our business partnership
with Virginia Beach City Public Schools along with our participation in
the Children's Hospital of the King's Daughters, Susan B. Koman Breast
Cancer Fund, Relay for Life, The Leukemia and Lymphoma Society, and the NEFE
Financial Literacy program, to name a few.
Awards and Accolades
2004: Named Virginia Beach City Public Schools Citywide Partner
2005 - Current: Member of the VBCPS Partnership Advisor Link
2005: Named a partner of VBCPS Bayside High School
2005 - Current: Serve on the VBCPS General Advisory Council for Technical and
Career Education
2005: Amy Wisilosky, VP of Marketing was named Volunteer of the Year for
the VBCPS Central Office
2006: Model Partner of the Year for VBCPS Technical and Career Education
2006: CUNA www.cuna.org State and National
Desjardins Youth Financial Education Winner.
2006: VATFACS Outstanding Business and Industry Award.
2006: VBClean Sponsor Bronze Level/Earth Day Sponsorship at Mt. Trashmore
2007: Virginia Credit Union League www.vacul.org:
Youth Advocate of the Year.
2007: VBCPS Technical & Career Education Creating Excellence Winner
2007: Virginia Beach Middle Special Thanks for Assisting with the 7th grade
Financial Skills class plaque
2007: VBClean Sponsor Bronze Level/Earth Day Sponsorship at Mt. Trashmore
2007: CUNA www.cuna.org State & National
Desjardins Youth Financial Education Award Winner
Scholarship Fund
This community support also extends to our commitment to higher education and
learning. This resulted in our formation of the Joann B. Wyatt Memorial
Scholarship Fund. Established in 1985 in honor of JoAnn B. Wyatt, this program
provides $4,000 in educational scholarships to members entering or attending an
accredited two or four-year college. To date, the Fund has helped award over 20
scholarships totaling over $54,000. Click here
to download the application.
Educational Grants
In order to assist our Educators with furthering their own
educational goals, we offer the JoAnn B. Wyatt memorial Graduate Study Grant.
The JoAnn B. Wyatt Memorial Graduate Study Grant was created to provide
resources to educators for graduate level study to enhance classroom
instruction. Applicants must be enrolled in or accepted to a masters level
program, which ultimately will improve the quality of classroom instruction.
We also accept contibutions which you may be able to designate using payroll
deducation. Click
here to
download the application.
Testimonial
"I would like to give you a letter of praise for what the
credit union has done for me, in my desperate time of need. You were the only
ones that would help me even though my credit wasn't great you gave me a second
chance to-do things over again. I can't ever thank you enough. Virginia Beach
Schools Credit Union really does care about there members they took very good
care of me. I am proof of that. The creditors that were really taking advantage
of my situation and making things difficult for my family and me because they
could ! but VBSFCU swooped down and saved me. I was now finally able to tell all
my creditors to bug off!!! It was the greatest felling I've had in years. The
credit union gave my life back to me. I will always remember what they did for
me. I will never go to another financial institute except my CREDIT UNION..Thank
You from the bottom of my heart . Your #1 member oh!! but were all #1 with you."
---Ms. Cusic
VBSFCU Board of Directors:
Dr. Catherine Rogers, Chairman
Pat Ewell, Vice Chairman
Don Clement, Treasurer
Ann Sye, Secretary
Jim Herron
Gene Gregory
A. Joy King
Gwen Infantino
Tim Eldredge
Doug Knapp, Associate Director
J. Glen Stilwell, Associate Director
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Accomac County Public Schools
