The Dominion Difference

We're more than just a smart place to do your banking. We're also your co-worker, your friend, and your financial partner. We value our relationship and want to help make great things happen in your life.


Energizing Your Future

We have a long history of serving Dominion employees, and we understand your specific needs. When you call us, it's like calling an old friend who will go above and beyond to help.

We're a not-for-profit, member-owned financial cooperative that focuses on members like you. We offer the same personal financial services as the big banks, but with better rates, fewer fees, and more personal attention.

Why our members love to bank with us

  • Our passion is not profit, but giving you the best deal possible
  • We're dedicated to offering guidance and tools you need to reach your goals
  • We specialize in attentive, efficient service, no matter where you are

Since our beginning, we’ve cultivated steady, sensible growth. We now have more than $265 million in assets and more than 22,200 members throughout all 50 states. But with this growth we’ve never lost sight of our commitment to serving Dominion employees, and to creating a level of trust so that you look to us first for your financial needs.

Throughout our history, Dominion Credit Union has been responsive to the specific needs of Dominion employees in a number of ways, including:

  • Offering special loans through Dominion to employees affected by natural disasters
  • Awarding scholarships to outstanding students every year
  • Accommodating workers during storms by offering extended services
  • Placing ATMs in company buildings that might be considered “too small” by bank standards

A midnight game of poker leads to what is now Dominion Credit Union.

View a timeline, photos, and more at 75reasons.com

In 1940, a handful of Virginia Public Service Co. employees, who called themselves The Foreman’s Club, were in hot water after playing one too many hands of poker. They were short on cash when it came time to settle at the end of the night.

Back in those days, one couldn’t come by a small cash loan easily. The employees began looking into creating something called a “credit union” that would enable them to save and borrow with each other, at better rates than elsewhere. Dominion Credit Union was formed solely to help employees take control of their finances and make a better life for themselves and their families.

Personal Service and Trusted Advice
In our early years, Dominion Credit Union was run out of Dominion’s Payroll Department. From the mid 1960's to 1980's, a single employee, Mary Broaddus, maintained all credit union business in a box of files she carried on a rolling cart. The only way to access money was to ask Broaddus for a check. Over the years, Mary became known for her incredible personal service and sage advice about the value of saving over spending.

Exponential Growth with the Same Member Focus
In the 1980s the credit union started on its current path of consistent growth as we added a full-range of services, expanded membership to include retirees, contract workers, and family members, and enhanced convenience through the latest technologies. Yet our mission has remained the same: to improve the financial well-being of our members by offering products and services that benefit them.

As Dominion has evolved over the years, we’ve been right there with them. The credit union recently added several more ATMs in company buildings, now serving more than 50% of Dominion employees in the workplace.

Today, members can access their accounts anytime, anywhere with services like mobile banking. The list of shared branches and services centers has also grown nationwide. The credit union now also offers several mortgage options to employees in VA, NC, and OH, making it more affordable than ever to buy a home.

While we continue to grow and add new services to meet the changing needs of our members, we remain committed to treating each member as an individual. Join today, and discover The Dominion Difference.

We exist for the sole benefit of you, our member.

  • It is our mission to improve your financial well-being by offering products and services that benefit you.
  • We will fulfill this mission using our guiding principles of trust, convenience, excellent service, professionalism, and financial soundness.
  • Our vision is to provide you with services that are easy to use, accessible, and a good value.
  • We will offer fair deals and a range of low-cost financial services to meet your needs
  • We will always treat you with dignity and respect.
  • We will communicate our services clearly. We will also be up front and honest about our services, always disclosing the facts.
  • We will place importance on consumer education and strive to help you meet your financial goals.
  • This statement of Commitment to our Members ensures the strength, stability, and continued success of the credit union for your benefit.

Unlike a traditional bank, Dominion Credit Union is governed by a volunteer Board of Directors composed of Dominion members just like you. Our board and management team work diligently to ensure the credit union's financial stability and that we uphold our mission to improve the lives of our members.

Executive Staff

  • Michael C. Swalley, President/CEO
  • James H. Ange, Vice President, Operations
  • Natalie W. Baker, Vice President, Marketing
  • Kristopher S. Morelli, Vice President, Information Technology

Volunteers

Board of Directors

  • Kenneth D. Barker, Chair
  • Donald C. Craft, Jr., Vice Chair
  • Edward H. Baine, Vice Chair
  • Michael C. Swalley, Secretary/Treasurer
  • Deborah T. Johnson
  • Becky C. Merritt
  • Paul E. Ruppert
  • Charlene J. Whitfield
  • W. Keith Windle

Other Volunteers

  • Edward Y. Price, Chair Emeritus

Supervisory Committee

  • David A. Schneider, Chair
  • F. M. Alligood, Jr.
  • Billy R. Cathey

Proudly Serving Dominion Employees & Their Families

The same reason we were created in 1940 holds true today; to help Dominion employees save more and reach their goals faster. From checking and mobile banking, to low interest auto loans and surcharge-free ATMs, we make banking easy.

Learn More About Us

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Energizing Life