Beach Municipal Federal Credit Union elects Board of Directors & Officers
VIRGINIA BEACH, VA (December 4, 2017) — Congratulations to the following members of the Board of Directors who were re-elected at the Annual Meeting held November 29, 2017: Kathryn (Kitty) B. Hill and Lois M. Dalton Ritger. They, along with current members Nianza Wallace, Bill Meador, Joelle Talbot and Charity Stone, will guide the Credit Union.
At the subsequent Board meeting, Supervisory Committee Chair, Shane Hughes, was appointed by the Board to fill the seat of long-time volunteer Robert W. Hall who passed away in September of this year. Mr. Wallace was elected by his fellow Board members to once again serve as Chairman. Mr. Meador will continue as Vice Chairman, Ms. Ritger will continue in the role of Secretary and Ms. Talbot will assume the role of Treasurer.
The all-volunteer Board of Directors of Beach Municipal Federal Credit Union is elected by members. They act in accordance with the best interests of the Credit Union’s members and are not compensated for their service. Each Board member is elected to a three-year term, and officer positions are held for one-year terms.
The Annual Meeting included a review of 2017 accomplishments and a review of the financial statement. Ms. Talbot discussed the Credit Union’s strong financial standing, and Chairman Wallace affirmed Beach Municipal FCU’s commitment to continue to create member value through solid, conservative and responsible business practices.
About Beach Municipal Federal Credit Union
Beach Municipal Federal Credit Union has been serving the financial needs of its members since 1970. In that time, we've become more than just another financial institution ~we've become your friend, your family, and your partner in achieving your financial dreams. In October 1970, the Virginia Beach City Council unanimously voted to support a credit union as an additional benefit of employment. Shortly thereafter, Virginia Beach Municipal Employees Federal Credit Union received a federal charter from the National Credit Union Administration, giving municipal employees, retirees, volunteers and their families a safe place to save and borrow money. Since then, Beach Municipal, as we are now called, has become a full-service financial institution offering its members everything from traditional savings and checking accounts to IRAs, credit cards, mortgages and much more.