CEO Cash to retire after 36 years at CommonWealth One FCU
CommonWealth One Federal Credit Union has been in existence for 77 years. For almost half of that time, Charlotte Cash has been a constant number. But, after 36 years, the current CEO has announced that it is time for her to retire.
Alexandria, Va.-Based CommonWealth One ($ 472.1 million in assets, 37,163 members) announced on Tuesday that Cash will step down in August as the third CEO in the history of the credit union.
Cash began his career with CommonWealth One in 1985 as the credit union’s first marketing manager, according to a press release from the credit union. âWhen I was hired, credit unions across the country were starting to compete aggressively with smaller banks, and a real marketing function was needed if you were to be relevant,â Cash said.
Twenty-seven years later, in 2012, Cash was appointed Chairman and CEO. By the time of her promotion, she had become Vice President, Marketing and Retail Distribution, overseeing marketing, business development, branches, contact center and facilities. She took the helm after then-President / CEO John Blair announced her retirement.
According to the Credit Union, Cash provided strategic direction to the organization and was instrumental in the development of CommonWealth One’s award-winning financial education programs for youth and adults, as well as local scholarship programs and community service action, which has enabled the caisse to have a positive impact on the lives of thousands of its members over the past nine years.
âWhen I became CEO, CommonWealth One had $ 300 million in assets. Now, thanks to the hard work of our staff, our management team and our board of directors. CommonWealth One now has over 37,000 members and $ 470 million in assets, âCash said.
The board will conduct a nationwide search to find its next president / CEO, according to the credit union’s statement.