After a CommonWealth One Federal Credit Union career spanning 36 years, President/CEO Charlotte Cash has announced she will retire August 6, 2021. She leaves as only the third CEO in the credit union’s 77-year history.
In 1985, Ms. Cash began her CommonWealth One career as its first marketing manager under former long-time President/CEO Kathryn Coleman. “When I was hired, credit unions nationwide were beginning to aggressively compete with small banks, and a bona fide marketing function was necessary if you wanted to be relevant,” said Cash.
Ms. Cash was chosen president/CEO in 2012 after a nationwide search by the board of directors. At the time of her promotion, she had risen to Vice President, Marketing and Retail Delivery, with oversight of marketing, business development, branches, the contact center, and facilities.
In addition to providing strategic direction for the organization, Ms. Cash was instrumental in the development of the CommonWealth One’s award-winning Youth and Adult Financial Education programs; local Scholarship and Community Service Action programs which has enabled the credit union to positively impact the lives thousands of its members over the past nine years.
“When I became CEO, CommonWealth One had $300 million in assets. Now, through the hard work of our staff, management team, and board of directors. CommonWealth One today has over 37,000 members and $470 million in assets,” she said.
The board of directors will engage a search firm to conduct a nationwide search to find its next president/CEO.
About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union, headquartered in Alexandria, VA, has grown to become one of Washington, D.C. and Northern Virginia’s top credit unions. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being its members lifetime financial partner. CommonWealth One has branches in Washington, D.C., Alexandria, VA, and Harrisonburg, VA (including at James Madison University).
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