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News Now

CU System
Belvoir FCU to close student branches
WOODBRIDGE, Va. (8/5/10)--Belvoir FCU is planning to close in-school branches at four Woodbridge schools so it can divert resources to serving an influx of employees at Fort Belvoir, Va. The $268.8-million-asset credit union said it is ending partnerships with branches at Woodbridge and Gar-Field high schools, and Woodbridge and Godwin middle schools. Fort Belvoir is expected to grow by 20,000 employees because of the Base Realignment and Closure Commission (BRAC) recommendations of 2005, and the credit union would be responsible for serving those individuals’ and families’ needs, said The News and Messenger (Aug. 4). Belvoir FCU had to realign resources to support the new BRAC families but will remain committed to supporting the schools. The credit union will not have a physical presence at the schools, but will participate in back-to-school nights and other events, said Bonnie Andresakes, community relations and education office, in a press release the newspaper cited. Those who were served by the school branches can remain members, and students, parents and staff at the schools can still join. Belvoir first began partnering with the schools about five years ago. It also has a branch in Fort Belvoir Elementary School.


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