VACU Celebrates New Branch with $25,000 Gift to Boys & Girls Clubs of Metro Richmond

Congratulations to Virginia Credit Union, which today celebrated its fourth new branch location in the City of Richmond, with this latest branch sited in the city’s historic Church Hill neighborhood. The credit union anticipates opening its fifth new branch location in a matter of weeks, with all five having opened within a year’s time.

PHOTO: Virginia Credit Union donated $25,000 to Boys and Girls Clubs of Metro Richmond as part of the grand opening celebration for its Church Hill branch.

As part of the grand opening celebration, the credit union noted its recent $350,000 in funding for RPS Saves, a new initiative to encourage Richmond City Public School students to save for the future. Parents or guardians can open an account for a student and the credit union will cover the $5 membership requirement and deposit $20 into the child’s savings account. The credit union also donated $25,000 to Boys and Girls Clubs of Metro Richmond.

Virginia Credit Union Board Chairman Ken Ampy noted that the branch openings are “part of our commitment to not only serve the greater Richmond region but this city specifically. Personally, I’ve always felt … that the city center has to be strong for the greater region to be strong.”

“This neighborhood has been in transition for a couple of decades,” noted Virginia Credit Union Board Member Brian K. Jackson, who has a special affinity for the branch location’s Church Hill neighborhood as a one-time resident. His wife also grew up in the neighborhood. “This is the inner city of the inner city. Many people here are unbanked, and now we have the opportunity to change that. We know many of our members are living and working in the urban core of Richmond, and we believe it's important that those members have access to our services. We want to be in the community.”

PHOTO: Virginia Credit Union's Church Hill branch staff, board members and CEO Chris Shockley.