Virginia Credit Union Recognized for Financial Education Programs

Virginia Credit Union has been recognized for its financial education programs for youth and adults.

Virginia Credit Union took first place among large credit unions in Virginia for youth education programs. The award recognized Virginia Credit Union for a six-week partnership with the Mayor’s Youth Academy. The multi-year partnership has reached hundreds of youth in the City of Richmond.

Dr. Lerone Joseph, the Mayor’s Youth Academy Program Manager, noted the Mayor’s Youth Academy training helped participants create good money habits and shift attitudes towards banking and credit.

“The Financial Education Team at Virginia Credit Union training is engaging and provides a foundational understanding of money and overall finances,” Dr. Joseph said. Youth participating in the program have told us that “the presenters are relatable, non-judgmental, and provide real-world examples, which allows them to feel more connected.”

The Desjardins Financial Education Awards program is sponsored by the statewide trade association, the Virginia Credit Union League.

In addition, Virginia Credit Union was recognized for a second-place award among large credit unions in the state for adult education.

The adult education award highlighted a multi-week Financial Success for Women program VACU began in October 2021. The online program was structured around the themes of spending, saving, borrowing and planning. Michelle Singletary, a nationally-syndicated personal finance columnist for the Washington Post, was one of several expert presenters. A similar series is planned for this Fall.

Virginia Credit Union has a team of four fulltime educators who coordinate and teach in-person and online educational programs at credit union facilities, workplaces, community centers and schools throughout the year. Cherry Dale, Virginia Credit Union’s Vice President for Financial Education, leads the efforts.

In 2021, VACU’s financial education programs reached more than 65,000 individuals of all ages.

“Our team is very committed to this cause, and it is always nice to be recognized for important work,” said Dale. “Financial education is a vital skill for people of all ages and income levels, and we are pleased to do our part to positively impact our members and the community.”

“Helping all people learn to manage their money and develop greater confidence with financial matters is central to our mission,” said Chris Shockley, VACU President and CEO. Financial health is a core value for us and we look for ways to include it in every member interaction and community initiative.”

A financial cooperative serving more than 320,000 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.