Liz McNulty
Chartway Federal Credit Union
757-552-1000 x43699
cemcnulty@chartway.com

Over the course of several weeks, many Americans have grown concerned about how the crisis on Wall Street will affect their lives on Main Street. Our President and Senators have echoed the same sentiment—this could be the worst period in recent financial history since the Great Depression.

The CEO & President of Chartway Federal Credit Union Ron Burniske comments, “because we have always been concerned about Main Street—helping our members purchase homes, finance cars and pay for college tuitions—we never played the sub-prime lending game, which is precisely what has gotten many banks into trouble. Unlike many, we’re proud to say that Chartway Federal Credit Union is financially sound. Your deposits are safe and we have ample funds to continue making your dreams a reality, even in this time of uncertainty. Along with our 50 year tradition of responsible fiscal management and solid underwriting practices, your deposits are federally insured by the National Credit Union Administration (NCUA) up to $100,000.”

If you read the paper or watch the news it appears that people are afraid to borrow money from financial institutions. “If you need to borrow money, there’s no credit crunch at Chartway. We’ve got plenty of money to lend. Our credit card, auto and equity loan rates are highly competitive. If you’re a first-time homebuyer and want to buy a new home, Chartway offers a no-closing-costs, no-down-payment program.  We’ll even finance the full purchase price of your home without mortgage insurance” states Ron Burniske.   

If you’re worried about how to keep your money safe, no need to worry.  There are financial institutions like Chartway Federal Credit Union here to help you thought this troubling time. 

About Chartway Federal Credit Union
Chartway FCU, a not-for-profit financial institution, has been serving members and families since 1959, building a service network that includes 64 branches in 10 states. Headquartered in Virginia Beach, VA, the credit union’s reach extends through Arkansas, Florida, Georgia, New Jersey, North Carolina, Ohio, Rhode Island, Texas, Virginia and Utah. HeritageWest Credit Union and SouthWest Community Credit Union joined the Chartway family in 2010. Utah Central became part of the organization in 2011. Altogether, the organization has assets of more than $1.9 billion, and serves 230,000 members. For more information, visit www.chartway.com; or, follow them at www.facebook.com/chartwayfcu.