![Hello Hershberger](/uploads/History/_960xAUTO_fit_center-center_none/12671635_1010648318984701_2101902186833860727_o.jpg?v=1705351215)
Our Story
Take a look at our banking legacy below, from new branches opening to leadership changes, everything we do is to help make a bigger impact in our community and in the lives of our members!
Chartered in 1940, our mission is to help our members, employees and communities flourish!
![The Beginning](/uploads/History/_320x240_crop_center-center_none/01-min.jpg?v=1705351215)
Twenty Norfolk and Western Railway employees became charter members of the credit union by combining their savings of just over $50 and requesting recognition as a cooperative financial institution formed for employees of the railroad.
![Dick Williams](/uploads/History/_320x240_crop_center-center_none/Dick_Williams-60s.jpg?v=1705351215,0.4968,0.1722)
Richard "Dick" Williams hired to be the first CEO of the Norfolk & Western Credit Union.
We consolidate two Lynchburg-area branches into our current Timberlake Retail Center.
![Frank Carter, President and CEO](/uploads/History/_320x240_crop_center-center_none/Frank-Carter-President-and-CEO-MOFCU-headshot.jpg?v=1705351215,0.5255,0.3222)
Dick Williams retires as President/CEO of Member One Federal Credit Union, and Frank Carter is announced as Williams' successor, a role he still holds today.
The Henry Lee Memorial Scholarship, formally known as the Member One Scholarship, is established. This scholarship was renamed for a past recipient who was one of the 32 victims tragically killed at Virginia Tech on April 16, 2007.
We surpass $500 million in assets.
![Lakeside Crossing Retail Center Grand Opening](/uploads/History/_320x240_crop_center-center_none/lakeside_crossing_grand_opening_4610f906315a3c6fb23e23093df7dca8.jpg?v=1705351215)
Opened the Lakeside Crossing Shopping Center Retail Center in Lynchburg.
![Hello Hershberger](/uploads/History/_320x240_crop_center-center_none/12671635_1010648318984701_2101902186833860727_o.jpg?v=1705351215)
Grand opening of the Hershberger Retail Center, replacing the old Brookside location on Williamson Road
Our 100,000th member joined Member One!
We surpass $1 billion in assets.