Our Impact

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Credit Unions: Our Impact

From their humble beginnings to the present day, credit unions have maintained a focus on serving people of modest means. As the economy shifted at the onset of the Great Recession, credit union leaders recognized the changing and growing needs among the broader population in the Commonwealth.

This new reality has required credit unions to refocus their efforts. Many members may have faced an extended period of unemployment for the first time in their working lives; others may have found challenges in saving for a child's education or even paying for repairs to the family car.

Each day, Virginians from every walk of life in every corner of the state benefit from the cooperative might of not-for-profit, member-owned credit unions. We're tangible proof that everyday people can join together, pool their resources, and help one another achieve their financial goals, no matter how big or how small.

This report highlights some of the good work of Virginia's credit unions, which we're proud to report are growing as new consumers realize the value credit unions represent for them, their families and their communities. At Virginia's credit unions, we continue to practice the "People Helping People" philosophy that is the hallmark of the credit union movement.

Impact Report

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