Charlotte H. Cash Chosen as Commonwealth One Federal Credit Union’s New President/CEO

July 23, 2012 - PRLog -- Charlotte H. Cash has been selected as CommonWealth One Federal Credit Union’s new President and Chief Executive Officer, effective July 23, 2012, succeeding John Blair who retired July 20 after 18 years in that position.

Cash was chosen after a nationwide executive search conducted by John M. Flood & Associates, according to CommonWealth One Board Chairman Rupert Jennings.  “Charlotte Cash has been with CommonWealth One for 27 years, during which time she has gained extensive experience in virtually every phase of credit union operations,” said Jennings.  “That fact, along with her professional educational development made her the clear choice to guide our credit union.  We are extremely pleased that Charlotte will continue to serve our members in this new role,” he added.

Cash has been Vice President, Retail Sales & Marketing for the last 12 years, during which time CommonWealth One has grown considerably.  It now has more than $300 million in assets and 35,000 members and is considered one of Virginia’s top credit unions.  She joined CommonWealth One in August of 1985 as marketing manager responsible for member communications and new business development.  Since then, she has held numerous management and executive positions, all of which have provided her with valuable experience upon which she will bring to her new role.

Cash, a graduate of George Mason University, Fairfax, VA and the Credit Union Executive Society (CUES) CEO Institute, earned the Certified Chief Executive (CCE) Designation in 2011.  She is currently Vice Chair of the Board of Directors for the Metropolitan Area Credit Union Managers Association, devoting considerable time to the advancement of the credit union movement.

“I have always believed that credit unions hold the key to the financial success for millions of consumers, and I’ve worked hard my entire career to make credit union membership available to as many as possible,” Cash said.

“As President/CEO, I will focus on the major differences between credit unions and banks,” Cash said.  “Emphasizing our core philosophy of ‘people helping people’ will help grow and improve our credit union in a financial environment that has become increasingly competitive and complex.  I’m looking forward to guiding CommonWealth One through the new digital marketplace,” she added.

CommonWealth One Federal Credit Union offers checking accounts, mortgages, home loans, auto loans, savings accounts, money market accounts, IRAs and more in Washington, DC and Virginia.  According to Cash, “we have remained true to our philosophy of ‘people helping people,’ providing members with loans, savings plans, and special services to achieve their long-term financial goals and help them enjoy a better way of life.  Our excess earnings are returned to our members in the form of higher dividend rates, lower interest rates on loans, and low or no fees.”  

For information on CommonWealth One’s history, upcoming events, products and services and more, visit www.cofcu.org.