Sep, 30, 2025 — CHARTWAY FEDERAL CREDIT UNION is a federal credit union headquartered in VIRGINIA BEACH, VA with 42 branch locations and about $3.20 billion in total assets. Opened 67 years ago in 1959, CHARTWAY FEDERAL CREDIT UNION has about 270,071 members and employs 588 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHARTWAY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5700 Cleveland St VIRGINIA BEACH, VA 23462-1752 |
| Phone: | (757) 552-1000 |
| Fax: | (757) 497-0158 |
| Website: | https://www.chartway.com |
| Branches: | 42 branch locations |
| Members: | 270,071 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13242 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,203,979,401 |
| CEO/Manager: | Brian T Schools |
| Chairperson: | Melinda Barbish |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 98,111,990 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 171,791 |
| Real Estate Loans | 880,242,476 |
| Unsecured Loans | 530,738,724 |
| Other Loans | 1,276,952,661 |
| TOTAL LOANS | 2,752,317,795 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,538,951 |
| Land And Building | 37,038,250 |
| Other Fixed Assets | 23,233,460 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 25,241,905 |
| All Other Assets | 2,689,762 |
| TOTAL ASSETS | 3,203,979,401 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 259,414 |
| Notes & Interest Payable | 115,000,000 |
| Accounts Payable & Other Liabilities | 39,974,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 598,387,427 |
| Regular shares | 580,009,064 |
| All Other Shares & Deposits | 1,613,318,769 |
| TOTAL SHARES & DEPOSITS | 2,791,715,260 |
| TOTAL LIABILITIES | 2,946,949,044 |
| Regular Reserve | 0 |
| Other Reserves | 17,562,670 |
| Undivided Earnings | 239,467,687 |
| TOTAL EQUITY | 257,030,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,203,979,401 |
| INCOME & EXPENSE | |
| Loan Income | 126,122,682 |
| Investment Income | 3,017,369 |
| Other Income | 14,228,067 |
| Total Employee Compensation & Benefits | 40,547,164 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 45,373,316 |
| Non-operating Income & (Expense) | -275,466 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,718,857 |
| Cost of Funds | 43,684,648 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,590,877 |
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