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VA History:

The Veterans Administration Employees Credit Union was chartered June 6, 1935.  With $13.50 in cash the credit union opened for business on June 20, 1935, serving employees of the V.A. With only about 10 share accounts and very difficult economic times the small credit union survived.  By December 31, 1935 the Credit Union had increased its cash on hand to $21.61 and had outstanding loans totaling $296.50.  The share balances in the member accounts had increased to $322.00.  The Credit Union had expenses that first year of $26.21.  In 1936 the bank examiners advised VAECU that it was very unwise to do unsecured loans over $50.00.

Sixty-eight years later, December 31, 2003, the Veterans Administration Credit Union has assets of over seven million, outstanding loans of over four million and almost 1400 members.  We now are able to serve V.A. employees, service organization employees, and in 2001 we were very proud to open our charter to serve veterans and their families.

VACU has seen many changes over the years, and has been able to increase products and services for our membership.

We are still proud to be considered a small credit union, as it allows us to know our members on a first name basis.  Through it all, the Veterans Administration Credit Union still believes in the Credit Union philosophy of “People Helping People”.

Staff:

Sunny Nichelson	President/CEO
Jo Brant	Vice President
Rosalyn Davis	Loan Processor
Leigh Ann	Member Service Representative

Volunteers:

Board Of Directors
Mo Gividen	Chairman
Debbie Fleet	Vice Chairman
Mike Goodwin	Director
Gordon Kirkhart	Director
Jim Scott	Director
Dave Desmond	Director
Jeannette Williams	Secretary / Treasurer
Supervisory Committee
Sharon Kilgore	Member
Maynard Peterson	Chairman
Sylvester Canady	Member
Credit Committee
David Leach	Chairman
Mark Fleet	Member
Tim Selwert	Member
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