Summer 2016 Newsletter


I Luv My Credit Union

Merger Complete

Our Community

Official Ribbon Cutting Ceremony for
Northern Piedmont Region Branches

The summer started off strong with an official ribbon cutting on June 6 for both of our newest branches, Blackwell Road and Vint Hill, in Warrenton, Virginia. Many local dignitaries, chamber members, and employees celebrated this achievement at the Blackwell Road branch.

After a few months of merging and settling in, we were all excited to finally get together and share the great news with the community. The event was held at lunchtime, making it convenient for our neighbors to drop in and meet our board members and branch representatives.

After having some time to converse and create new relationships, a few speakers thanked the members and event attendees— Chairman of the credit union board, Jeffrey C. Moscicki; Fauquier Chamber of Commerce’s President and CEO, Joe Martin; and Warrenton Mayor, Powell Duggan. The speeches were followed by a presentation of a proclamation from the office of Senator Mark Warner. Moscicki and Duggan proceeded with cutting the ribbon, officially welcoming all to commemorate in this milestone.

Warrenton branch opening

Cutting the ribbon: Powell Duggan, Warrenton Town Mayor; Jeffrey C. Moscicki, Chairman of the Board, UVA Community Credit Union. Also (from left to right): Cheryl Kinsey, GWCC Chamber member; Natalie Howard, GWCC Executive Director; Jan Sutton, Fauquier Chamber Chairman of the Board; Kevin Carter, Warrenton Town Council; Bob Kravetz, Warrenton Town Council; Ben McCartney, UVA Community Credit Union; Dortha Johnson, Northern Piedmont Regional Director, UVA Community Credit Union; Joe Durant, UVA Community Credit Union; Brannon Godfrey, Warrenton Town Manager; Jerry Wood, Warrenton Town Council; Joe Martin, President & CEO Fauquier Chamber.

It’s been quite a journey to get where we are, but with the support of Northern Piedmont and our members, we are now able to reach a whole new region of Virginia.

In an effort to reach even more members of the community, we sponsored Vint Hill’s block party on June 10, which took place right outside of the new Vint Hill branch. Over four hundred people attended, enjoying free ice cream on the credit union, games, and prizes. We look forward to being involved in many more local events in the future.

Annual Meeting


2015 Annual Meeting Highlights

To accommodate our growing member base, this year’s annual meeting was held at the DoubleTree Hotel in Charlottesville. Chairman of the Board Jeffrey C. Moscicki and President/CEO Alison DeTuncq began this year’s annual meeting, on May 25, with an introduction of the board of directors and supervisory committee, followed by a recap of the April 1, 2016 Northern Piedmont Federal Credit Union merger and other 2015 initiatives.

The Northern Piedmont Federal Credit Union has brought us Benjamin McCartney and Joseph Durant to serve on our board and supervisory committee—both of whom have been invaluable to this merger.

We opened the PVCC Campus branch—our third student-run location—in February of 2015, setting the stage for a successful year. With approval from the State Corporation Commission, we added Culpeper, Fauquier, and Rappahannock counties to our field of membership. 

Some other key highlights of 2015 include new program implementations, specifically the Home Advantage™ mortgage referral program, and the continued partnership with local auto dealers. For the seventh consecutive year, we supported the Thomas Jefferson Earned Income Tax Coalition (EITC) by providing free tax preparation to qualified members. In addition to this preparation, we hosted financial education seminars in our branches, at schools and businesses, and in community centers, with an overall attendance of over 5,400 people. These events teach fundamentals of personal and business finance, each one focusing on a specific topic of interest.

The meeting concluded with the presentation of our $1,500 scholarship awards for college-bound students in each of our 11 public high schools within our field of membership. Congratulations to the winners, and we look forward to adding scholarships for high schools in the newly added counties within our field of membership—Culpeper, Fauquier, and Rappahannock.

Scholarship winners

Seated: Sydney Lawson, William Monroe HS; Sierra Koch, Western Albemarle HS; Bryanna Smith, Madison County HS; Cindy Yu, Albemarle County HS  Standing: Aaron Shifflett, Fluvanna County HS; Sydney Dowell, Monticello HS; David Shane, Charlottesville HS; Jeffrey Moscicki, Chairman of the Board, UVA Community Credit Union; Trent Grooms, Louisa County HS; Emily Sanok, Murray HS. Not pictured: Madison Gumm, Nelson County HS; Liam McLeod, Orange County HS



Members re-elected to the board are Aurie Schwarting, Pamela Higgins, Rob Walker Freer, Richard Wood, and Tim Gillett. After the meeting, members enjoyed light refreshments, conversation, and door prizes.

The credit union thanks the following businesses for their support: Albemarle Magazine, American Office, American Shakespeare Theatre, Boar’s Head, Ceiling and Floor Shop, Early Mountain Vineyard, Frontier Culture Museum, H&R Custodial Services, Jim Price Automotive, King Family Vineyards, The Little Gym, Massanutten Resort, Miller’s Office Products, Member Wealth Management, Montpelier, Putt Putt Miniature Golf, Sprint Wireless Pavilion, Virginia Discovery Museum, Wintergreen Resort, and Woodrow Wilson Museum and Library.

Internation Credit Union Day

Did You Know?

Ways to Boost Your Credit Score

Every time you apply for a credit card, mortgage, car loan, or insurance, your application is judged in part by your credit score. Lenders use your credit score to determine whether to grant credit, and at what cost. The higher the score, the more likely you are perceived to repay the credit. Consumers with scores in the 600s and lower usually are seen as higher risk and may pay a higher interest rate or are denied credit.

Fortunately, you can take steps to boost your credit score. These tips can maximize your score and influence your credit-worthiness. 

1. Be punctual. Late or missed payments, foreclosures, and bankruptcies have the greatest negative effect on your credit score.

2. Check your credit report regularly. Don't let inaccurate information ruin your credit score. Consumers are entitled to one free credit report per year from each of the three major credit bureaus (Equifax, Experian, TransUnion), which you can get online at Even though the credit report is free, getting your credit score will cost extra. You can obtain your credit score at, or from the individual bureau's websites,, and

3. Keep debt in check. Try to keep your account balances below 25% of your credit limit. For instance, if your credit card has a limit of $2,000, keep the balance less than $500.

4. When shopping for a loan, submit your applications within a limited time. If done in a short period of time, say 2-3 weeks, multiple inquiries on a credit report will count as one inquiry to a potential lender looking at your report. Excess inquiries strung out over a longer period, however, could negatively affect your credit.

5. Keep accounts open. Time is another significant factor that can improve your credit score. Closing old accounts—especially ones with a good payment history—shortens your credit history and lowers your score. Lenders take into account the average age of your accounts, so an older account can help balance newer credit.

6. Keep a healthy mix of credit. This includes things like a mortgage, a credit card or two, a car loan, and perhaps a retail card. UVA Community Credit Union can help you acquire the mix you need. Compare your current loan rates from other financial institutions to our current rates using our Loan Saver Calculator. You'll be amazed how much you can save! Learn more.

Copyright 2014 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.



How-To Tips provided by Member Wealth Management*

Managing Your 401K

More than 73 million Americans actively participate in employer-sponsored defined-contribution plans such as 401(k), 403(b), and 457 plans.1 If you are among this group, you’ve taken a big step on the road to retirement, but as with all investing, it’s important to understand your plan and what it can do for you. Here are a few ways to make the most of this workplace benefit.

Take the free money. Many companies match a percentage of employee contributions, so you may want to save enough to receive a full company match and any available profit sharing. Some workplace plans have a vesting policy requiring that workers be employed by the company for a certain period of time before they can keep the matching funds. If this applies to you, consider the effect of this policy when deciding whether to leave your current employer.

Managing your 401k

Bump up your contributions. Saving at least 10% to 15% of your salary for retirement (including any matching funds) is a typical guideline, but your personal target could be more or less depending on your income and expenses. A traditional 401(k) plan enables you to defer income taxes on the money you save for retirement, which could enable you to save more. In 2016, the maximum employee contribution to a 401(k) plan is $18,000 ($24,000 for those 50 and older).

Rebalance periodically. Your asset allocation — the percentage of your portfolio dedicated to certain types of investments — should generally be based on your risk tolerance and planned retirement timeline. But the allocation of your investments can drift over time due to market performance. Rebalancing returns a portfolio to its original risk profile. Consider reviewing your portfolio at least annually. Some workplace plans may offer automatic rebalancing. Asset allocation does not guarantee a profit or protect against investment loss; it is a method used to help manage investment risk.

Know your investments. Examine your investment options and choose according to your personal situation; some employer-sponsored plans may automatically enroll new employees in default investments. Many plans have a limited number of options that may not suit all of your needs and objectives, so you might want to invest additional funds outside of your workplace plan. If you do, look at the risk and balance of your whole portfolio, including investments inside and outside your plan.

Keep your portfolio working. Some 401(k) plans allow you to borrow from your account. It is generally wise not to use this option. But if you must do so, try to pay back your loan as soon as possible to give your investments the potential to grow.

All investments are subject to market fluctuation, risk, and loss of principal. When sold, investments may be worth more or less than their original cost. Distributions from employer-sponsored retirement plans are generally taxed as ordinary income. Withdrawals prior to age 59½ may be subject to a 10% federal income tax penalty.


Securities, Investment Advisory and Financial Planning services offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC: 222 Central Park Ave Suite 1100 Virginia Beach VA 23462 (757) 490-9041. Member Wealth Management is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies.

1 American Benefits Council, 2014

The information in this article is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Emerald. Copyright 2016 Emerald Connect, LLC.


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