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DECEMBER 10, 2013

RF&P Federal Credit Union Approved for Community Charter, Partnered with Dollar Associates on NCUA Process


Virginia credit union approved by NCUA to serve Henrico, Hanover and Chesterfield Counties, and the City of Richmond, Virginia, taking advantage of NCUA FOM rules to build growth and diversification option.


Dollar Associates LLC, a leading national credit union consulting firm headquartered in Birmingham and headed by former NCUA Chairman Dennis Dollar, recently congratulated one of its clients, RF&P Federal Credit Union of Richmond, Virginia, for its approval by NCUA to convert to a community charter to include Henrico, Hanover and Chesterfield Counties, and the City of Richmond, Virginia.

“RF&P is a very progressive credit union with a strategic vision for growth and diversification that they felt would be well complemented with a community charter,” said Dennis Dollar, Principal Partner at Dollar Associates, following the NCUA action.  “They have demonstrated that, even with some significant changes in recent years, the NCUA field of membership rules can still work for many growth-oriented federal credit unions.  We were honored to partner with RF&P Federal Credit Union on this successful charter expansion project and are excited to see the options for taking their credit union to the next level of growth that this community charter will make available to them.”

RF&P Federal Credit Union, led by CEO Catherine McDermott, currently serves over 1,400 members in the Richmond market.