MEMBER ATTERS RESPONDING TO THE NEEDS OF SMALL BUSINESSES - SCHOLARSHIP WINNERS ANNOUNCED - MYDCCU
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membermatters
SUMMER 2020
Responding to the
Needs of Small
Businesses
Scholarship Winners
Announced
DCCU awards scholarships
to local students
Virtual Annual
Meeting Scheduled
Join us for Credit Union
updates on September 15
Staying Connected
A message from DCCU’s President/CEO, Steve F. Elkins
The safety precautions and social distancing guidelines virtual meetings to keep us connected. This is especially
that accompanied the COVID-19 pandemic meant we important with our employees so spread out, and some
could no longer continue conducting business as usual. even working from home. Technology has allowed us to
We had to reimagine how we connect with each other. not miss a beat and keep business moving forward even
Even under normal circumstances, it’s challenging to when we are not physically together.
maintain engagement across 13 Member Centers from
Lexington to Woodstock, an Operations Center, and a On September 15, we will host our first-ever Virtual Annual
Corporate Headquarters. Because of the pandemic, we Meeting and we are excited for the opportunity to put
have found new ways to stay connected with our members together an informative meeting for our members. With
and employees. such a large membership, we know that it is not possible
for all DCCU members to attend our Annual Meeting in
When many of our branch lobbies closed, it was still person. This year, everyone will have an opportunity to
important for us to maintain our connection with our hear important presentations and updates. Additional
members. We moved some employees to our Service details will be posted on mydccu.com as the date
Center to help with the increase in phone calls, emails, and approaches, and I encourage you to make plans to attend
chat messages coming in each day. We also encouraged so that you can be informed about what is going on within
members to try some of our remote banking channels. our cooperative.
Online Banking, the Mobile App, and ATMs allow you to
conveniently conduct most basic transactions without With social distancing still being strongly encouraged,
coming to the drive-thru or calling in. We’ve added it is more important than ever that we do our best to
information and tutorials on our website to help guide you: remain connected as things begin to return to normal.
mydccu.com/self-service. While we know that Our members and employees are being asked to do
technology can’t replace a warm, smiling face in a branch things differently. Change is not always easy, but during
setting, we want you to know that we are still here for a pandemic, it is necessary. I appreciate your willingness
you and encourage you to reach out to us with any to try something new, your patience as we made changes
questions or concerns you may have in a way that is most to keep our members and employees safe, and for your
comfortable for you. continued support of our cooperative.
Meetings are a staple in any business. That is where
information is shared, collaboration takes place, and I appreciate your willingness to try something new
decisions are made. Some of our best work happens and your patience as we made changes to keep
when we are gathered around a table. These days, we our members and employees safe.
avoid in-person meetings as much as possible and rely on
By the Numbers
May 31, 2019 May 31, 2020
Assets $1,234,124,278 Assets $1,429,958,091 Member Matters is a publication of DuPont
Savings $1,081,789,760 Savings $1,266,304,204 Community Credit Union.
Loans $913,107,960 Loans $950,871,914
Members 102,593 Members 107,436
Responding to the Needs of Small Businesses
Small Businesses are the backbone of our community. The PPP was a welcomed lifeline to many. DCCU took a
When the COVID-19 pandemic began causing severe hands-on approach to walk each applicant through the
economic disruption, the Coronavirus Aid, Relief, and process, step-by-step. “We recognized that this was an
Economic Security Act, also known as the CARES Act, extremely emotional time for people,” said Rose. “We
established programs to help businesses in need. One of wanted to do all we could to help alleviate some of the
those programs, the Paycheck Protection Program (PPP), stress.”
is a forgivable loan program delivered through the Small
Business Administration (SBA) that offers financial support
to businesses. We recognized that this was an extremely emotional
time for people. We wanted to do all we could to
In response to a profound need in our community, DCCU help alleviate some of the stress.
applied to become an SBA 7(a) lender, which was required
to offer access to the PPP. “We received calls from our
members, which we expected, but we also received many Before the PPP was launched, some business owners
calls from non-members who had been turned away from were preparing to use their personal finances to meet
their financial institutions,” said Russell Rose, DCCU’s their payroll needs. “Their employees were depending on
Director of Business Services. “We knew we needed to them, so they were willing to sacrifice their own resources
take action quickly.” Because of the widespread economic to make sure their employees were taken care of,” Rose
need, DCCU knew that offering access to the PPP would added. DCCU worked to get the loans funded quickly,
not only help our current members, but the community as some within days of the application submittal.
well.
DCCU was eager to assist small businesses during this
DCCU convened a multidisciplinary team including IT, unprecedented time. Not only did we help them get the
Credit, Underwriting, and Marketing, to help the Business resources they needed, but it was also important to make
Services department cover all aspects of the program and sure they understood all of the program requirements,
get it up and running in a short amount of time. To date, so they are protected in the long run. DCCU cares about
DCCU has helped more than 400 businesses receive small businesses and all they do to make our community
funding through the PPP. A total of $14 Million has been stronger.
loaned to help businesses in our community meet their
payroll needs and other financial obligations.
2021 Board Save the Date
& Committee 2020 Virtual Annual Meeting
Recruitment
Underway
DCCU is actively seeking
Tuesday, September 15, 2020 – 5:30 p.m.
volunteers from within our
membership to be considered for DCCU’s Annual Membership meeting was postponed due to the COVID-19
potential openings on the Board pandemic. As in other areas of our business, we were challenged to find
of Directors and Governance a new way to facilitate an Annual Meeting while keeping members and
Committee. The deadline for employees safe. At their May meeting, DCCU’s Board of Directors approved
nominations is July 30, 2020. the rescheduling of the Annual Meeting to Tuesday, September 15, 2020 at
If you are interested in serving 5:30 pm. The virtual meeting will be held online according to NCUA guidelines,
your member-owned credit union and will cover 2019 milestones along with 2020 updates. Members must
by becoming a volunteer, visit pre-register in order to attend. Additional details will be provided as the date
mydccu.com for more details. approaches and the registration link will be available at mydccu.com.
Managing Your Finances During Uncertain Times
It is easy to feel overwhelmed and anxious when unexpected life events happen, but being intentional with your finances
during uncertain times can help. Member Investment Services (MIS) has been assisting members with their financial
planning and investment needs since 2003. Everyone has unique financial challenges, objectives and goals, and MIS can
help develop a strategy geared toward your specific needs.
Member Investment Services offers independent, professional guidance in the following areas:
• Retirement planning (401(k), Roth and Traditional IRAs, etc.)
• Annuities (Fixed, variable, indexed, etc.)
• Estate planning
• College planning
• Tax-advantaged investing
• Other investment products (stocks, bonds, mutual funds, insurance)
• Insurance (Long Term Care, Life Insurance)
Contact a member of Member Investment Services at 540-946-3200 or email the team at MISdccu@lpl.com to schedule
a free consultation.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer
(member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. DuPont Community Credit Union (DCCU) and Member
Investment Services (MIS) are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services
using MIS, and may also be employees of DCCU. These products and services are being offered through LPL or its affiliates, which are separate entities
from, and not affiliates of, DCCU or MIS. Securities and insurance offered through LPL or its affiliates are:
Scholarship Winners Announced
The transition to college is a pivotal time in a student’s life.
Colleges and technical schools teach valuable skills that can
provide increased opportunities over the course of a career.
While every situation is different, one thing is certain – college
is costly and scholarships are more important than ever
before.
DCCU has been awarding scholarships since 1995. We see
our scholarship program as another way we give back to our
community and help make an impact in the lives of students
and their families. Investing in local students represents our
commitment and passion for education as we help ease the
stress of paying for college.
This year, applicants were asked to write an essay about how
they would describe Corporate Social Responsibility, why it’s
important, and how DCCU can be more socially responsible.
DCCU awarded a total of $27,000 in scholarships to
deserving students in our community.
Congratulations to our 2020 scholarship winners! We wish you great success in your educational pursuits.
Yolanda Jean Bradley Sions Zoe Stahl
Adult Category James Wood High School Staunton High School
Taylor Moorman Emma Casto Constance Polk
Broadway High School Masters/Doctorate Stonewall Jackson High School
Brittany Mongold Sophia Young Trevor Sager
Buffalo Gap High School Millbrook High School Strasburg High School
Gabrielle Fream Kennedy Strickler Molly Coffey
Central High School Page County High School Stuarts Draft High School
Jessica Fikac Holden Kerr James Landes
Clarke County High School Parry McCluer High School Technical/Licensure
Dwight May, II Maya Ferrell Michael Willis
East Rockingham High School Private/Homeschooled Turner Ashby High School
Courtney Sheets Carson Sellers Kylie Burnworth
Fort Defiance High School Riverheads High School Warren County High School
William Morris Mary Troise Anissa Salzman
Harrisonburg High School Rockbridge County High School Waynesboro High School
Courtney Hoover Colton Good Colin Marx
Highland High School Spotswood High School Wilson Memorial High School
Get the Money You Need for Your Education
We’ve partnered with Sallie Mae® to offer loans created specifically for the needs of undergraduate and graduate
students, and their parents. When scholarships, grants, and federal student loans aren’t enough, these loans can help
you get the money you need. Learn more at mydccu.com/studentlending.Presorted
Standard
U.S. POSTAGE
P.O. Box 1365 & FEES PAID
Waynesboro, VA 22980 DuPont Community
Credit Union
Find us on Facebook: Holiday Labor Day - Saturday, 9/5 & Monday, 9/7
facebook.com/mydccu
Closings Columbus Day - Saturday 10/10 & Monday 10/12
Board of Directors Employee Spotlight
Everett J. Campbell, Jr., Chairman
April 1, 2020 – June 30, 2020
Q. Maurice Gresham, Vice Chairman
Angela M. Simonetti, Secretary Years of Service Promotions
Michael P. Blinn, Treasurer 35 Years - Kathy Perdue Devon Dean
Timothy M. Simmons, Director 25 Years - Sonya Coffey Lead Service Center Associate
Drew Ellen Gogian, Director 15 Years - Cara Morris Kristen May
Marvin G. Copeland, Jr., Director 15 Years - Cassie Price Staff Development Specialist
Janet P. Mangun, Associate Director
5 Years - Amanda Cashatt Courtney McCormick
Steve F. Elkins, President/CEO
5 Years - Elizabeth Dreelin Staff Development Specialist
5 Years - Joshua Gelser Kim Pickett
Supervisory Committee 5 Years - Jacquelyn Gorman Solutions Officer
Bruce F. Hamrick, Chairman
5 Years - Cody Matheny Tyler Spurlock
Eugene F. Walker, Secretary
Wesley B. Wampler, Member 5 Years - Gabriela Pinedo Assistant Branch Manager
Jeff Miracle, Associate Member 5 Years - Tyler Ward
Robin Ruleman, Associate Member
Governance Committee
Angela M. Simonetti
Drew Ellen Gogian
Contact Us ART – Audio Hours
P.O. Box 1365 Monday – Thursday 9 a.m. – 5:30 p.m.
Marvin G. Copeland, Jr.
Waynesboro, VA 22980 Response Teller Friday 9 a.m. – 6 p.m.
Mary Louise Leake 540.946.3200 x1 | 800.245.8085 x1 Saturday 9 a.m. – Noon (drive up only)
Insured by NCUA. Membership required. 540.946.3200 | 800.245.8085
Lost or Stolen
dccu@mydccu.com Debit/Credit Cards Call Center
mydccu.com Debit 844.231.2220 Monday – Friday 8 a.m. – 7 p.m.
Credit 844.231.2221 Saturday 9 a.m. – Noon
The Supervisory Committee is your member advocate.
Contact the Committee at P.O. Box 712, Waynesboro, VA 22980You can also read
