DCCU Routing # 251483311





Scott Balsley from Camp Light

In This Issue

Member Matters is DCCU's quarterly newsletter that features credit union news, member stories, and more!

President & CEO, Steve F. Elkins

The Importance of Planning Ahead

At DCCU, we believe in empowering our members to secure not just their present, but also their future. That’s why we offer a wide range of products and services to help you build a stable financial foundation now, while giving you the tools you need to prepare for whatever comes next.

Scott Balsley from Camp Light with horse

A Light in the Community

Camp LIGHT is a place where children, regardless of their abilities, can experience things they may not have the chance to otherwise. Children with special needs – as well as at-risk youth – can attend at no cost, thanks to the generosity of volunteers and sponsors, like DCCU, who help sustain the camp. 

Angie M. Simonetti

Report from the Chair

DCCU experienced another positive year in 2024 as we demonstrated our continued commitment to our membership and the community.

Board of Directors Updates

Congratulations to Angie M. Simonetti, Michael P. Blinn, and Janet P. Mangun on their election by acclamation to DCCU’s Board of Directors, as announced at DCCU’s Annual Meeting on April 1, 2025.

DCCU Shred Days

DCCU's Spring Shred Days are coming soon! Stop by a DCCU branch between 9:00 AM and 12:00 PM to securely dispose of your personal and sensitive documents. 

Giving Back to Our Members and the Community

At DCCU, giving back to our members and community is a big part of who we are as a cooperative. Our 2024 Member and Community Impact Report highlights how we are helping to make a difference.


Employee Spotlight

35 Years of Service
Sarah Landram

10 Years of Service
Kyle Scaife

5 Years of Service
Felicia Clark
Ashley Gajus
Misti Warriner

Promotions
Jennifer Arteaga-Vargas - Business Intelligence Analyst
Michael Curry - Senior Origination Systems Analyst
Brandon Murray - Software Development VP
Marsha Pennington - Senior Core Systems Analyst
Tiffany Price - Retail Branch Manager

President's Desk

The Importance of Planning Ahead

A message from DCCU's President/CEO, Steve F. Elkins

There’s never a wrong time to plan for the future. It is easy to get caught up in the hustle and bustle of daily life – paying bills, meeting deadlines, and juggling family or work commitments. We believe in empowering our members to secure not just their present, but also their future. That’s why we offer a wide range of products and services to help you build a stable financial foundation now, while giving you the tools you need to prepare for whatever comes next.

Credit Cards: Flexibility When You Need It
Unplanned expenses can sometimes happen when you least expect them. That’s where having a DCCU Credit Card can provide the flexibility you need – whether it’s for an emergency or to cover a large purchase. With market-leading rates, flexible terms, and a robust rewards program, our credit cards are a great tool for managing your finances. And with responsible use, you can also build or improve your credit score, which can improve your financial wellness.

RateDrop Mortgage: Smart Financing for Your Home
Buying a home is a major decision and you want to be sure to consider all options. Over the last few years, we’ve experienced rising interest rates, which has caused some uncertainty for consumers, particularly homebuyers. That’s why we developed RateDrop Mortgage, an innovative adjustable-rate mortgage that allows you the option to take advantage of lower mortgage rates. Every twelve months, if rates decrease, you can lock in the lower rate* – no refinancing or new closing costs are required, just pay a processing fee per adjustment.

Home Equity Plus: Be Ready for Life’s Unexpected Turns
Life is full of surprises, some welcomed, others not so much. Whether you are planning a renovation project or an unexpected expense arises – you want to be prepared. With Home Equity Plus, you can access the equity in your home to pay for whatever you need, while enjoying low rates and flexible repayment options. Home Equity Plus is a line of credit and a fixed-rate loan all in one and provides peace of mind knowing that no matter what life throws your way, you have the resources to handle it.

Investment Team: Planning Today for a Brighter Tomorrow
Did you know that as a DCCU member, you have access to an investment team that can help you start thinking about the future? Whether you’re saving for your children’s education or planning for retirement, it’s never too early to start. Our investment team is here to help you navigate those important decisions and can help you create a personalized strategy that aligns with your goals.

These are just a few examples of how you can partner with DCCU as you plan for the future. Our products and services are designed to give you the flexibility and support you need to help you improve your financial wellness and achieve your goals. We’re here to help you at every stage of your financial journey – today, tomorrow, and for years to come. As always, I appreciate your support of our cooperative and encourage you to reach out to us with any plans you have so that we can work towards them together.

*Offers of credit subject to creditworthiness and collateral.

Feature Story

A Light in the Community

Scott Balsley is a Shenandoah Valley native, having spent his entire life in Waynesboro and Augusta County. Despite a humble upbringing, he credits his mother for instilling the values of helping others and giving back. “Although we didn’t have much, she always made sure we helped others whenever we could, regardless of what we had,” Scott said.

His mother also taught him the importance of saving. When Scott was ten years old, he opened his first savings account, an experience he vividly recalls. “My grandfather, who worked at the DuPont plant for 40 years, took me to DCCU to open my account, and I’ve been banking with DCCU ever since,” Scott said.

After his mother remarried, Scott and his family moved to Augusta County. “I worked on a cattle farm with my stepfather, who helped me develop a strong work ethic,” Scott said. “After high school, I attended technical school for carpentry and right out of school I went to work, eventually starting my own construction company.”

Throughout his adult life, Scott has remained deeply engaged in the community, channeling the values of giving back and hard work that he learned during his childhood. For many years, he and his wife Cathy organized numerous fundraising events for Relay for Life. “We have always been active in the community, but we realized we could do even more,” Scott said. “That’s when we came up with the idea to open a camp to help children in our area.”

In 2012, Scott and Cathy’s vision came to life with the opening of Camp LIGHT, located on the 160-acre Creative Works Farm in Augusta County. The camp welcomed 23 campers during its first session, providing children with medical, physical, behavioral, and other special needs – as well as at-risk youth – the opportunity to attend at no cost. The camp offers activities such as archery, swimming, horseback riding, animal management, gardening, nature exploration, fishing, arts and crafts, outdoor sports, and more.

Camp LIGHT continues to grow and now hosts over 300 children each summer. This success is largely due to the generosity of volunteers and sponsors who help sustain the camp. DCCU has supported Camp LIGHT for over 10 years through sponsorship donations and volunteer efforts. “Our volunteers and sponsors are the heart of what makes camp possible,” said Scott. “Without them, we wouldn’t be able to do it. It is truly a blessing to have so many people that believe in our mission.”

Looking ahead, Scott is excited about the future of Camp LIGHT and the continued impact it will have on the children and families it serves. “We are currently fundraising to expand our programs to also offer an overnight camp experience, family respite weekends, and more,” said Scott. “The expansion would allow us to serve over 600 campers each year, helping them increase their independence and learn important life skills.”

“Camp LIGHT is a place where children, regardless of their abilities, can experience things they may not have the chance to otherwise,” Scott said. “Every child can be challenged and try something they’ve never done before. Seeing those smiles make all the hours of work worthwhile.”

The future is bright for Camp LIGHT and DCCU is proud to support an organization that is making such a positive difference in our community. Scott didn’t know at age 10 when he opened his first savings account that he would cross paths with DCCU again in this way, and we are so glad he did because we appreciate the opportunity to give back in such a meaningful way. To learn more about Camp LIGHT, visit creativeworksfarm.org.


Report from the Chair

Angie Simonetti, Chair, Board of Directors

DuPont Community Credit Union (DCCU) experienced another positive year in 2024 as we demonstrated our continued commitment to our membership and the community.

 

Highlights from 2024:

Financing the Goal of Homeownership
We funded $59.4 Million in real estate loans in 2024, helping 260 members purchase or refinance their homes. We remain committed to supporting the evolving mortgage needs of our members, as demonstrated by the introduction of RateDrop Mortgage, an innovative mortgage loan that allows you to lower your mortgage interest rate every 12 months if rates decrease. RateDrop Mortgage is an example of our focus on providing relevant solutions that support the financial wellness of our members.

    Providing Quality Lending Solutions
    In 2024, we served the lending needs of over 7,400 members as we funded $61.8 Million in auto loans, $14.4 Million in credit card lending, and $42.3 Million in home equity loans. Our Rebate Program returned over $2 Million in paid interest to members with a consumer loan – credit card, auto, personal, and/or home equity. Additionally, we continue to support the business lending needs of our members, funding $18.9 Million in business loans.

      Expanding Innovative Banking Options
      We expanded our Video Banking services in 2024, adding two new locations. In addition to the drive-up ATMs at Grottoes, West Staunton, and Windward Pointe in Fishersville, Video Banking is also available at our West Main location in Waynesboro and our South High Street location in Harrisonburg. Video Banking ATMs provide standard ATM functionality along with the opportunity for members to speak with a DCCU representative by video to ask questions or request assistance.

      Supporting Community Financial Health
      In 2024, we launched the DCCU Cares Foundation, a nonprofit organization created to formalize and expand on the longstanding charitable efforts of DCCU. The DCCU Cares Foundation has a vision to provide solutions that help improve financial wellness, promote education, drive engagement, and grow community partnerships.

      Giving Back to Our Community
      Supporting local organizations throughout the Shenandoah Valley is important to us. In 2024, DCCU provided sponsorship donations to 123 organizations, totaling over $107,000 to help fund their initiatives and achieve their goals. DCCU Shred Days are popular events that meet a need while giving back at the same time. While shredding your sensitive documents for free, we also collect donations for the Blue Ridge Area Food Bank. Through our Spring and Fall Shred Days, we collected enough food and monetary donations to help the Food Bank provide over 48,000 meals for families in need. DCCU employees also contributed over 1,000 volunteer hours throughout our field of membership, providing support in a hands-on way.

      These highlights reflect some of the ways we deliver value to our members and help make a difference in our community. We are encouraged about 2025 and excited for the many years ahead. On behalf of the Board of Directors and the staff of DuPont Community Credit Union, we appreciate your membership and continued support of our financial cooperative.


      Board of Directors Updates

      Congratulations to Angie M. Simonetti, Michael P. Blinn, and Janet P. Mangun on their election by acclamation to DCCU’s Board of Directors, as announced at DCCU’s Annual Meeting on April 1, 2025. They will serve 3-year terms.

      Angie M. Simonetti

      Angie M. Simonetti

      Michael P. Blinn

      Michael P. Blinn

      Janet P. Mangun

      Janet P. Mangun

      Each year, the Governance Committee is tasked with seeking member volunteers for possible openings on the DCCU Board of Directors, Supervisory Committee, and Governance Committee. For positions opening in 2026, nominations will be accepted June 1-30, 2025.

      There will be two 3-year terms expiring on the Board in 2026 for Drew Ellen Gogian and David A. Kirby. Details about volunteer openings and the nomination process will be available at mydccu.com by May 30, 2025.


      DCCU Member Advisor, April, smiles for the camera as she poses behind a shred bin at the Kaylor Shred Days event in Spring 2024.

      Protect Your Identity with DCCU Shred Days

      DCCU's Spring Shred Days are coming soon! Stop by a DCCU branch between 9:00 AM and 12:00 PM to securely dispose of your personal and sensitive documents. Don't forget to bring a donation for the Blue Ridge Area Food Bank. 

       


      Giving Back to Our Members and the Community

      At DCCU, giving back to our members and community is a big part of who we are as a cooperative. Because our members come first, we are committed to offering competitive products, services, and rates that help families and local businesses meet their needs. Here are some of the ways we gave back to our members in 2024:


      2024 Member Giveback
      $37.8 Million

      Rewards 10%
      Cash back and rewards points to members for using their credit and/or debit cards | $4.0MM

      Refunds 4%
      A return or repayment of a fee, such as Overdraft Protection or NSF fees | $1.5MM

      Rebates 5%
      A percentage of paid loan interest returned to members through our Rebate Program | $2.1MM

      Promotions 1%
      Special member offers like home equity closing cost credits | $160M

      Dividends 80%
      A portion of our earnings paid back to our members based on deposit balances | $30.0MM


      Giving Back doesn’t stop with our members. We also care about the communities we serve and do our part to help make our community better through financial education, scholarships, volunteerism, sponsorships and donations.

      Our 2024 Member and Community Impact Report highlights how we are helping to make a difference. Visit mydccu.com/publications to view the report.



      Financials

      February 29, 2024
      Assets                   $1,814,161,514
      Savings                 $1,652,684,302
      Loans                    $1,145,939,075
      Members               118,067

      February 28, 2025
      Assets                   $1,917,346,400
      Savings                 $1,718,584,505
      Loans                    $1,143,154,701
      Members               120,912

      Your Credit Union Leadership

      Board of Directors

      • Angie M. Simonetti, Chair
      • Michael P. Blinn, Vice Chair
      • David A. Kirby, Secretary
      • Christopher D. Terry, Treasurer
      • Drew Ellen Gogian, Director
      • Marvin G. Copeland, Jr., Director
      • Janet P. Mangun, Director
      • Everett J. Campbell, Jr., Director Emeritus
      • S. Mischelle Duprey, Associate Director
      • William D. Russell, Associate Director
      • Steve F. Elkins, President/CEO

      Supervisory Committee

      • Pamela B. Adams, Chair
      • Bruce F. Hamrick, Vice Chair
      • Robin W. Ruleman, Secretary
      • Marissa S. Helmick, Member
      • Jonathan S. Lohr, Member

      Governance Committee

      • Marvin G. Copeland, Jr., Board Director, Committee Chair
      • Drew Ellen Gogian, Board Director
      • Janet P. Mangun, Board Director
      • Mary Louise Yates, Member
      • David D. Passmore, Member

      Previous Issues

      Winter 2025

      More than Just a Job

      Fall 2024

      Innovation that Supports Our Mission

      Summer 2024

      A Closer Look at RateDrop Mortgage