You'll Find Real Life Financial Solutions At ABNB
The credit union began as ComFive Federal Credit Union in 1960 with 8 members and $40 in deposits. Today, we’re ABNB Federal Credit Union, a full-service financial location celebrating over 60 years of serving members. Headquartered in the Greater Hampton Roads, Virginia and Northeastern North Carolina region including the Outer Banks, we provide personal and business banking services to our members regionally and across the country through online/mobile banking, a nationwide network of shared branching credit union service centers, and surcharge-free ATMs.
Membership has its advantages because everything we do at the credit union is done with the success and financial health of our members in mind. We feature higher rates on deposits, lower rates and affordable terms on loans, plus low/no fees which saves you money every day vs. the BIG banks.
Become a member of the ABNB family today and enjoy real life financial solutions that help you earn more and save more every day.
What is a Credit Union?
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Vision, Mission, and Value Statement
Our Vision Statement
To be the most trusted lifetime financial partner in the communities we serve.
Our Mission Statement
Providing financial services in a manner that improves our members' lives and benefits the communities we serve.
Our Value Statement
Trust earned through integrity.
The History of ABNB
1960
History was made when the Credit Union first opened its doors under the names ComFive Federal Credit Union. The Credit Union was founded on principles that include honor, integrity, value, and convenience. The initial goal of ComFive Federal Credit Union was to be its members' most trusted lifetime financial partner.
1976
The newly renovated Credit Union at NavPhiBase celebrated its grand opening November 29, 1976. Public Works spent approximately six weeks preparing the location to accommodate the new Credit Union. The new location, according to then manager Robert Morgan, improved employees attitudes so greatly that they pitched in two Saturdays and one evening to help with painting and cleaning.
1984
This year was the first for the Credit Union and the “Automatic Teller.” The automatic teller offered a quick and easy way for members to obtain cash during and after business hours. Additionally, Naval Base Norfolk Federal Credit Union and Navy Federal Credit Union (Washington, DC) agreed to install a shared automatic teller machine (ATM) network for use by the members of both Credit Unions.
1996
The merger of Amphibious Base FCU and Naval Base Norfolk FCU occurred in 1996. The name ABNB stood for Amphibious Base Naval Base. The mission of ABNB Federal Credit Union was simple - to deliver financial services in a manner that improved our members’ lives and benefited our community.
1999
During the year 1999, testing for Y2K was constant in order to gear up for 2000. Additionally, ABNB continued in its efforts to remain “People Helping People” as ABNB emphasized the idea that credit unions are “ Where People Are Worth More Than Money.” With this philosophy in mind, ABNB focused its efforts on community events, such as Habitat for Humanity.
2004
In order to follow the strategic plan for the opening of new offices to serve members and potential members, branches were opened in 2004 at Town Point in Suffolk and another office in Moyock, North Carolina. The highlight of the year was the grand opening in March of the new Operations Center, located in the Greenbrier Business Park in Chesapeake, Virginia.
2009
In spite of tough economic times, 2009 remained a successful year for the Credit Union. During this time, ABNB saw the opening of new and replacement branches, including Chesapeake Square and Towne Place in Chesapeake, and Lakeside in Suffolk. Furthermore, 2009 became the biggest year for our Annual CHKD Fishing Fest, with ABNB raising over $52,000 - an increase of more than $7,000 from the previous year.
2022
More than 60 years later, ABNB Federal Credit Union remains committed to expanding and improving upon our products and services, all while providing member service that is outstanding in all respects. We remain committed to providing the membership with a financial institution that is second to none. We established the ABNB Community Foundation, a second source of charitable giving as a separate and distinct 501(c)(3) organization supporting local non-profits with a mission to measurably improve the lives of families and children in the communities that we serve.
2024
Headquartered in the Greater Hampton Roads, Virginia and Northeastern North Carolina region including the Outer Banks, we now provide expanded personal and business banking services to our members regionally and across the country through a nationwide network of shared branching credit union service centers and surcharge-free ATMs. We also launched a new website along with a wide array of convenient digital services to help members transact business 24/7 from wherever they are.
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