Press

ABNB Federal Credit Union’s Annual Business Meeting

CHESAPEAKE, VA (May 19, 2016) — ABNB Federal Credit Union held its 55^th Annual Business Meeting on Tuesday, April 26, 2016, at its Corporate Operations Center in Chesapeake, VA. During this meeting, Mary Ann Melchers, Chairman of the Board for ABNB, reported 2015 year-end assets grew to $513 million.

Highlights from the 2015 annual meeting:

Elections include Richard Cheliras to Vice Chairman, Richard Losea to Treasurer and Thomas McAndrews to Director
Honest to Goodness Savings Campaign, saving ABNB members over $11 million by refinancing high interest loans at a lower, honest rate
Raising over $68,000 for Children’s Hospital of the Kings Daughters during ABNBs 12^th Annual Fishing Fest

Mrs. Melchers recognized the staff and volunteers at ABNB for their active rolls in both community affairs and functions. “Our staff and volunteers support the civilian community and the military functions of the area we serve. Our staff and volunteers donated over 2,000 hours annually to activities we support.”

About ABNB Federal Credit Union

ABNB Federal Credit Union has a long and storied history of charitable giving and community involvement dating back to the credit union’s founding in 1960. With a commitment to making a difference in the communities we serve, the ABNB Community Foundation was launched in 2019 to support causes and charities benefiting children and families in our region.