Chartway Federal Credit Union Announces 2014 - 2015 Board of Directors

VIRGINIA BEACH, Va. - Feb. 24, 2014 - PRLog -- Virginia Beach, VA (February 24, 2014) – Chartway Federal Credit Union, one of the largest credit unions in the country known for providing money-saving solutions and competitive rates, is proud to announce that on Thursday, February 20, 2014, it held its 55^th Annual Meeting at its Corporate Center in Virginia Beach, VA.  During this time, the following three individuals were elected to the board of directors:

Wayne Foshay, re-elected to 3-year term: Wayne Foshay – a retired Navy Captain and the current chairman of Chartway’s board of directors - has been a credit union volunteer since 2001, a member of its board since 2008, and a key leader on Chartway’s We Promise Foundation board since 2013. Additionally, Foshay served as chairman of the credit union’s CUSO board of directors from 2005 to 2009 and has commendably contributed to the success of the organization by enhancing the operations of its volunteer advanced training (VAT) program. He has also provided leadership through his service on the credit, legislative/regulatory & advocacy, new services & technology and the asset/liability management committees. Foshay is a retired Navy captain, with thirty years of military service. Foshay is currently the vice president for Beachtowne Builders.

George Sauer, re-elected to 3-year term: CAPT (Ret.) George Emery Sauer III has been a member of Chartway’s board since 1998 and currently serves as chairman of the strategic development committee. He began his service to Chartway in 1987 as the military liaison officer. His tenure as a volunteer expanded in 1991 with his three-year appointment to the supervisory committee. He has also been a member of the new services committee, and served as the vice chairman of the Director’s Memorial Scholarship Committee. Sauer earned a bachelor of science degree in naval science and mathematics from the United States Naval Academy, and a master of science in administration from George Washington University. During his time in the U.S. Navy, Sauer was the business manager for the Norfolk Naval Shipyard, the supply officer of an aircraft carrier, the director of accounting at a Navy inventory control point, and the executive officer of a naval ship. Sauer also served as the operations officer for two retail companies. He has also been a volunteer for Princess Anne High School’s choral department since 1996 and an adjunct business professor at Tidewater Community College. As a result of his contributions, he has received several awards. He was named the PAHS “Volunteer of the Year” for 1998 - 1999, 2003 – 2004, and 2009 – 2010, the Tidewater District “PTA Secondary Volunteer of the Year” for 2003 – 2004, and the Virginia Beach Council of PTA's 2010 “Citywide High School Volunteer of the Year” in 2010.

Bob Cook, elected to 3-year term: Cook is a seasoned leader with more than 30 years of experience in finance. He has been a member of the credit union’s CUSO Board since 2004 - serving as its chairman from 2010 to 2012 and as the vice chairman from 2007 to 2009. He also led the CUSO audit committee as chairman in 2003 and has been a member of Chartway’s ALM and legislative/regulatory and advocacy committees. Before becoming a credit union volunteer, Cook served on the USS Conyngham.  After his discharge from the Navy, he worked for the federal government for 28 years, and for other distinguished firms including CACI International and KPMG until he retired in 2006. Cook is also an active member of the Hampton Roads community. From serving as co-chairman of the City of Chesapeake Public Schools Career and Technical Education Advisory Board, to participating on several other education, finance and church-related committees, Cook is committed to making a difference in his community.

Following the Annual Meeting, the board of directors met to hold an organizational meeting - during which time, the following slate of officials was established:

»      Wayne Foshay (chairman of the board)

»      Bob Holmes (1^st vice chairman)

»      Judy Sparrow (2^nd vice chairman)

»      Melvin Mizelle (treasurer)

»      Lou Gull (secretary)

Bob Cook, Dallas England, Richard Ahlborn, and George Sauer will serve as directors on the board during the 2014 – 2015 term.

Since first opening its doors for business, Chartway and its divisions of HeritageWest and SouthWest Community Credit Unions have served its members and enriched the communities in which the organization operates – providing strength, stability and smart solutions, including online, mobile, and telephone banking.

PHOTO CAPTIONS:

Wayne_Foshay.JPG          George_Sauer.JPG          Bob_Cook.JPG

During its 55th Annual Meeting, Wayne Foshay, George Sauer, and Bob Cook were elected by acclamation to Chartway Federal Credit Union’s Board of Directors for three-year terms.

Chartway Federal Credit Union’s Board of Directors.JPG

(L to R) Back row – Bob Cook, director; Melvin Mizelle, treasurer; Lou Gull, secretary; Richard Ahlborn, director; George Sauer, director; Dallas England, director. Front Row – Bob Holmes, 1^st vice chairman; Wayne Foshay, chairman; Judy Sparrow – 2^nd vice chairman

ABOUT THE CHARTWAY FEDERAL FAMILY OF CREDIT UNIONS

Chartway FCU, a not-for-profit financial institution, has been serving members and families since 1959, building a service network that includes 60 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. Altogether, the organization has assets of approximately $1.9 billion and serves nearly 200,000 members. For more information, visit www.chartway.com (https://mail.smhdc.org/owa/redir.aspx?C=e89a53a283324306b...); or, follow them at www.facebook.com/chartwayfcu (https://mail.smhdc.org/owa/redir.aspx?C=e89a53a283324306b...).