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VACU Receives Statewide Awards for Financial Education

(Richmond, VA – August 8, 2017) — Virginia Credit Union has received two statewide awards for its financial education efforts with adults and youth. 

Adult Category

Virginia Credit Union received a first place award among large credit unions in the Virginia Desjardins Adult Financial Education Awards. 

The award recognizes VACU for a series of online webinars conducted with more than 1,000 employees of Bon Secours Richmond Health System. VACU conducted six sessions of the Bon Secours “Wallet Wellness Challenge,” covering goal setting, budgeting, credit scores, eliminating debt and avoiding identity theft. The 30-minute weekly webinars were delivered live and recorded and archived for employees who missed a session or wanted to return to a topic.

“This has been an amazingly helpful challenge and has positively impacted my financial decisions,” one participant noted.

Youth Category

Virginia Credit Union also won a second place award among large credit unions in the youth category for programs VACU conducted with Longwood University. The youth award is based on a partnership between VACU and Longwood University’s Center for Financial Responsibility. Under the program, VACU provided in-person instruction to University students in managing expenses and learning to budget in college and beyond. In addition, VACU also worked with Longwood for a summer program that invited Virginia high school students to campus to earn a required credit in economics and personal finance.

The awards come from the Virginia Credit Union League, the statewide trade association for credit unions in Virginia. 

“The efforts at Bon Secours Richmond Health System and at Longwood University are just a part of an extensive financial education program that Virginia Credit Union provides in the community,” said Todd Feldman, senior vice president and chief marketing officer for Virginia Credit Union. VACU’s financial education workshops, seminars and classes reached more than 17,000 people in 2016.

By winning the first place award in the adult category, the credit union’s award entry will move on to the national Desjardin Financial Education Awards program administered by the Credit Union National Association. 

A financial cooperative serving more than 254,000 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. 

Media Contact: Glenn Birch | glenn.birch@vacu.org | (804) 560-5664