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News & Events

Stay up to date with all of the Credit Union's activities.

As a community credit union, we are committed to giving back to the communities where we do business. We do this in a variety of ways including delivering financial education and other free seminars, providing financial support and volunteers for local non-profit organizations, and more. 

In addition, we're always looking to introduce new products and services to better serve our members, and we actively look to promote high performing employees into new and more challenging roles wherever possible. Please see the latest news and events below.

News

ABNB FCU Promotes Four Employees to New Positions

10/28/2020

ABNB is proud to share the promotions of four exceptional employees. In their years at ABNB, these members of our team have demonstrated first-rate leadership abilities, and commitment to improving our member experience in each of their respective departments.

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Alexa-Enabled Banking at ABNB!

10/26/2020

ABNB Federal Credit Union is thrilled to announce the debut of our new mobile banking access via Amazon's virtual assistant Alexa! Launching on October 26th, 2020, members will be able to enjoy the convenience of accessing their ABNB accounts 24/7, hands-free, in a secure environment right on their Alexa device from wherever they are. ABNB is the first financial institution in the Virginia and North Carolina region to have Alexa-enabled banking!

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ABNB Featured in Suffolk News-Herald

09/25/2020

The Hampton Roads Chamber held it?s fifth annual Suffolk B2B Expo Sept. 22 at the Hub 757. ABNB participated as a vendor and was featured in The Suffolk News-Herald's coverage of the event.

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ABNB's Mary Ann Melchers Inducted Into DCUC Hall Of Honor

09/16/2020

ABNB is proud to share that Mary Ann Melchers, Member of our Board of Directors and former Chairperson, has been inducted into the Defense Credit Union Council's (DCUC) Hall of Honor. Click for full article.

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Financial Education Blog- To Save or To Spend

08/27/2020

To Save Or To Spend. That Is The Question. During these uncertain times, what?s your strategy? Should you be saving or spending? That depends on your individual situation. However, in these challenging times having an adequate ?Emergency Fund? is extremely important, so savings should be a priority in most households. As you might expect, in the past few months during the pandemic, the national household savings rate has increased substantially from the prior year. Households are buying basic necessities, covering their debt obligations and then saving a significant portion of their disposable income where possible for a rainy day. With businesses and restaurants beginning to reopen, consumers have more choices than ever for spending, but they should continue to put money into their ?Emergency Fund? to protect themselves. A rainy day fund comes in handy when those unplanned expenses and emergencies arise. As we enter ?Back to School? season (whether remotely or in-person), back-to-school expenses can really add up. To ensure your back-to-school funds go the furthest, comparison shop and take advantage of sales and discounts on school supplies. Remember, you can even use some of the funds in your rainy day fund to cover school supplies. If you?d like to discuss your saving vs. spending plans, please call ABNB?s Financial Education Department at (757) 523-5380. We?re here to help you every step of the way. Stay safe and healthy.

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July Staff Spotlight: Krystal Jones, MSR

07/24/2020

If you've visited ABNB's Chesapeake Square branch, you've likely met Krystal. Krystal Jones is a seasoned Member Service Representative at Chesapeake Square. She entered the banking industry in 2001 and joined ABNB in 2016 at the former Guardian location. Krystal is an area expert when it comes to helping our members understand ABNB's great HELOC products. "Krystal is member focused and knowledgeable. She truly cares about each and every one of her members and their needs" says Jennifer McCallister, Relationship Manager. Krystal's not all business though. She loves to sing and loves fashion! In her own words she "loves a good heel with the bag to match." Girl, we agree! When she's not on the clock Krystal also jives with any songs that have a good beat and are heartfelt. She also loves to read and watch movies; Hallmark is her favorite channel! Krystal loves dogs (specifically those sized to fit nicely in previously mentioned matching purses) but she's petrified of cats. Now that you know a little bit more about one of ABNB's star employees, don't forget to sit down to let her know a little about yourself. Be sure to chat about how she can help you save big time on your home loans. Set up an appointment with Krystal at ABNB's Chesapeake Square branch today by calling (757) 523-5300 x1604.

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An Important Message from our President/CEO

06/09/2020

In light of recent events, please read a special message from our President/CEO about our perspective during these difficult times in our nation's history.

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May Coronavirus Update

05/15/2020

As we continue to navigate these challenging times, we are pleased to announce that all branch lobbies will reopen on Monday, May 18th with the exception of the USCG Portsmouth branch which remains closed.

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Annual Meeting & Ongoing Pandemic Assistance Programs

05/05/2020

ABNB Federal Credit Union held its 60th Annual Business Meeting April 28, 2020 and announced the continuation of its Member Pandemic Assistance programs. These special loan payment relief initiatives assist members impacted by the COVID-19 Pandemic. "ABNB's mission is to support the financial needs of our member/owners; today, during these uncertain times more than ever," said Richard M. Cheliras, Chairman of the Board of Directors.

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Beware of Coronavirus Scams

04/06/2020

You should know that the coronavirus could cause cyber criminals to prey upon the public's concerns. Fraudsters look for ways to gain trust and information they can use to access to your accounts. Be aware and be sure to protect your personal information from scammers and other individuals. As a reminder, we do maintain contact with members from time to time to provide service through legitimate calls, emails and texts. However, we will never call you and ask for sensitive personal information.

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Coronavirus Update from ABNB

03/16/2020

Like you, we are monitoring developments regarding the impact of the Coronavirus (COVID-19). We appreciate the trust you place in us and want you to know that the health and safety of our members and staff is our top priority. ABNB is implementing safety protocols while providing you ongoing access to your accounts and financial services. Our recent System Upgrades provide you with the most up-to-date technology to ensure the safety and security of your accounts. In addition, our networks are now redundant nationwide in providing the best protection for member accounts regardless of disruptive events or weather-related occurrences in the region.

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ABNB Promotes New Director of Branch Operations

01/09/2020

ABNB is excited to share the promotion of Leisa Brissett to Director of Branch Operations in an ongoing effort to reward the experience of current team members. Brissett has been employed at ABNB since 2003, bringing many years of valuable experience to her new role.

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ABNB Promotes New Director of E-Services

01/09/2020

ABNB is excited to share the promotion of Brenda Reed-Olejasz to Director of E-Services in an ongoing effort to reward the experience of current team members. Reed-Olejasz has been employed at ABNB since 2003, bringing many years of valuable experience to her new role.

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ABNB Announces New Auto Dealer Lending Liaison

07/25/2019

Robert S. Henderson, Jr. joins ABNB Federal Credit Union as Dealer Lending Liaison in the Loan Center. Henderson is certainly no stranger to the industry, having worked for thirteen years as a Dealer Sales Representative at Langley Federal Credit Union (LFCU). He achieved Top Dealer Sales Representative in Volume for approximately 10 years at LFCU.

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ABNB Announces New Community Development Officer

07/12/2019

Lauren Cossel joins ABNB Federal Credit Union as the official Community Development Officer. Cossel is well-versed in community organization and outreach, with five years of experience at organizations including The Salvation Army and Mercy Medical Angels in coordination and development efforts. Cossel is also an active member of the local community, participating in the Association of Fundraising Professionals, tHRive, and Association of Leaders in Volunteer Engagement.

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ABNB Announces New Dealer Lending Liaison

05/01/2019

James "Jay" Allen has joined ABNB as a Dealer Lending Liaison. He brings over 15 years of automotive lending experience to the credit union growing sales volume, implementing business plans and building long term relationships with automobile dealers and groups.

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ABNB Chairman Of The Board Recognized For 54 Years Of Service

04/26/2019

Mary Ann Melchers has been instrumental in the credit union movement for over 54 years in a variety of leadership roles and has served as Chairman of the Board for ABNB Federal Credit Union for the past 20 years. Following the 59th Annual Meeting of the ABNB membership on April 23rd, she has officially stepped down as Chairman of the Board, however, Mrs. Melchers will remain on the Board continuing her longstanding service to the credit union and its members.

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ABNB Celebrates Yorktown Branch Grand Opening

04/02/2019

ABNB announces the grand opening of our first branch on the Peninsula in Hampton Roads. The branch is located at 1600 George Washington Highway in Yorktown. The grand opening is taking place Monday April 1st through Friday April 5th with refreshments served daily. ABNB also hosted a public ribbon cutting ceremony on Tuesday April 2, 2019 at 10:00am featuring Tom Shepperd, Chairman of the York County Board of Supervisors.

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ABNB Announces New Yorktown Branch

03/01/2019

ABNB Federal Credit Union announces the opening of our new Yorktown branch on Monday March 4th. The branch is located at 1600 George Washington Highway in Yorktown.

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ABNB Celebrates Haygood Branch Grand Opening

01/30/2019

ABNB Federal Credit Union celebrated the grand opening of its new Haygood location at 1068 Independence Blvd. in Virginia Beach.

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ABNB Announces New Loan Center Manager

01/18/2019

Michelle Perry has joined ABNB Federal Credit Union as the new Loan Center Manager. She brings over 28 years of consumer lending experience to the credit union holding a variety of roles at credit unions, banks and mortgage companies across Virginia.

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ABNB Announces New Director of Brand

01/03/2019

Randy Saltzman has joined ABNB Federal Credit Union as the new Director of Brand. He brings 20 years of experience in the advertising agency business as an Account Supervisor and agency owner.

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Events
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Quarterly Newsletters

Fall 2020 Newsletter

Mailed in October 2020 

This quarter's topics include:

    • President's Message
    • Alexa Enabled Banking
    • Zelle Has Replaced PopMoney
    • ...and more!

Previous Newsletters

2020:

2019:

2018:

Annual Report 

Full 2019 Annual Report

  • President's Message
  • Chairman of The Board's Message
  • Treasurer's Report / Supervisory Committee Report
  • Statement of Financial Condition
  • Consolidated Statement of Income
  • Executive Board

View the full 2018 Annual Report

View the full 2017 Annual Report

View the full 2016 Annual Report



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