ALEXANDRIA, Va.–The CEO of CommonWealth One FCU here has announced plans to retire in August, with the credit union saying it has launched a search for a replacement.
Charlotte Cash, whose career has spanned 36 years, said she plans to step down on August 6. Cash leaves as only the third CEO in the credit union’s 77-year history.
In 1985, Cash began her CommonWealth One career as its first marketing manager under former long-time President/CEO Kathryn Coleman.
“When I was hired, credit unions nationwide were beginning to aggressively compete with small banks, and a bona fide marketing function was necessary if you wanted to be relevant,” said Cash.
Cash was chosen president/CEO in 2012 after a nationwide search, after having risen to VP-marketing and retail delivery, with oversight of marketing, business development, branches, the contact center, and facilities.
‘Award-Winning’ Programs
“In addition to providing strategic direction for the organization, Ms. Cash was instrumental in the development of the CommonWealth One’s award-winning Youth and Adult Financial Education programs; local Scholarship and Community Service Action programs which has enabled the credit union to positively impact the lives thousands of its members over the past nine years,” the credit union said in a statement.
“When I became CEO, CommonWealth One had $300 million in assets. Now, through the hard work of our staff, management team, and board of directors, CommonWealth One today has over 37,000 members and $470 million in assets,” Cash said.