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Chartway Federal Credit Union
Chartway Federal Credit Union is a credit union headquartered in Virginia Beach, Virginia, Virginia Beach and is chartered and regulated under the authority of the National Credit Union Administration (NCUA). Chartway serves more than 190,000 members throughout Texas, Utah, and Virginia. History On September 4, 1959, seven civilian workers at the Naval Station Norfolk, 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.{{cite news , last1=Schwartz , first1=Michael , title=ANNIVERSARY Chartway Federal Credit Union – 50 years , url=https://www.pilotonline.com/2009/12/23/anniversary-chartway-federal-credit-union-50-years/?clearUserState=true , access-date=July 16, 2023 , work=The Virginian-Pilot , date=December 23, 2009 Its field of membership included civilian and military personnel, along with their family members. The charter also ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ...
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Virginia
Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the East Coast of the United States, Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth (U.S. state), Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna. The capital of the Commonwealth is Richmond, Virginia, Richmond; Virginia Beach, Virginia, Virginia Beach is the most-populous city, and Fairfax County, Virginia, Fairfax County is the most-populous political subdivision. The Commonwealth's population was over 8.65million, with 36% of them living in the Baltimore–Washington metropolitan area. The area's history begins with Native American tribes in Virginia, several indigenous groups, including the Powhatan. In 1607, the London Company established the Colony of Virginia as the first permanent English overseas posse ...
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Credit Unions Based In Virginia
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past ...
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Utah
Utah ( , ) is a state in the Mountain West subregion of the Western United States. Utah is a landlocked U.S. state bordered to its east by Colorado, to its northeast by Wyoming, to its north by Idaho, to its south by Arizona, and to its west by Nevada. Utah also touches a corner of New Mexico in the southeast. Of the fifty U.S. states, Utah is the 13th-largest by area; with a population over three million, it is the 30th-most-populous and 11th-least-densely populated. Urban development is mostly concentrated in two areas: the Wasatch Front in the north-central part of the state, which is home to roughly two-thirds of the population and includes the capital city, Salt Lake City; and Washington County in the southwest, with more than 180,000 residents. Most of the western half of Utah lies in the Great Basin. Utah has been inhabited for thousands of years by various indigenous groups such as the ancient Puebloans, Navajo and Ute. The Spanish were the first Europ ...
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Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both List of U.S. states and territories by area, area (after Alaska) and List of U.S. states and territories by population, population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexico, Mexican States of Mexico, states of Chihuahua (state), Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the List of cities in Texas by population, most populous city in Texas and the List of United States cities by population, fourth-largest in the U.S., while San Antonio is the second most pop ...
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The Virginian-Pilot
''The Virginian-Pilot'' is the daily newspaper for Hampton Roads, Virginia. Commonly known as ''The Pilot'', it is Virginia's largest daily. It serves the five cities of South Hampton Roads as well as several smaller towns across southeast Virginia and northeast North Carolina. It was a locally owned, family enterprise from its founding in 1865 at the close of the American Civil War until its sale to Tribune Publishing in 2018. Its headquarters is in Newport News, and prior to 2020 was in Norfolk. The ''Virginian-Pilot'' is owned by parent company, Tribune Publishing. This company was acquired by Alden Global Capital, which operates its media properties through Digital First Media, in May 2021. Pulitzer Prizes The newspaper has won three Pulitzer Prizes. The first was won in 1929 by editor Louis Jaffe, who received the Pulitzer Prize for Editorial Writing for "An Unspeakable Act of Savagery", an editorial which condemned lynching. Jaffe mentored the paper's next editor, Lenoir ...
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Charter
A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified. It is implicit that the granter retains superiority (or sovereignty), and that the recipient admits a limited (or inferior) status within the relationship, and it is within that sense that charters were historically granted, and it is that sense which is retained in modern usage of the term. The word entered the English language from the Old French ''charte'', via Latin ''charta'', and ultimately from Greek χάρτης (''khartes'', meaning "layer of papyrus"). It has come to be synonymous with a document that sets out a grant of rights or privileges. Other usages The term is used for a special case (or as an exception) of an institutional charter. A charter school, for example, is one that has different rules, regulations, and statutes from a state school. Charter can be used as a synonym for "hire" or "lease ...
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Naval Station Norfolk
Naval Station Norfolk is a United States Navy base in Norfolk, Virginia, that is the headquarters and home port of the U.S. Navy's Fleet Forces Command. The installation occupies about of waterfront space and of pier and wharf space of the Hampton Roads peninsula known as Sewell's Point. It is the world's largest naval station, with the largest concentration of U.S. Navy forces through 75 ships alongside 14 piers and with 134 aircraft and 11 aircraft hangars at the adjacently operated Chambers Field. Port Services controls more than 3,100 ships' movements annually as they arrive and depart their berths. Air Operations conducts over 100,000 flight operations each year, an average of 275 flights per day or one every six minutes. Over 150,000 passengers and 264,000 tons of mail and cargo depart annually on Air Mobility Command (AMC) aircraft and other AMC-chartered flights from the airfield's AMC Terminal. History The area where the base is located was the site of the original 1 ...
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National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating F ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ...
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Virginia Beach, Virginia
Virginia Beach is an independent city (United States), independent city located on the southeastern coast of the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. The population was 459,470 at the 2020 United States census, 2020 census. Although mostly suburban in character, it is the List of cities in Virginia, most populous city in Virginia, fifth-most populous city in the Mid-Atlantic (United States), Mid-Atlantic, ninth-most populous city in the Southeastern United States, Southeast and the List of United States cities by population, 42nd-most populous city in the U.S. Located on the Atlantic Ocean at the mouth of the Chesapeake Bay, Virginia Beach is the largest city in the Hampton Roads metropolitan area. This area, known as "America's First Region", also includes the independent cities of Chesapeake, Virginia, Chesapeake, Hampton, Virginia, Hampton, Newport News, Virginia, Newport News, Norfolk, Virginia, Norfolk, Portsmouth, Virginia, Portsmouth, ...
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Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-fina ...
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