Chartway Federal Credit Union has mourned the death of its longtime volunteer Edward Foshay.
Named board chairman emeritus of the Virginia Beach, Va.-based credit union, Foshay was committed to the credit union philosophy and served for 48 years.
As an enthusiastic ambassador of the credit union, Foshay was elected to the board in 1967. During his time on the board, his leadership as first vice president, second vice president and secretary well prepared him for service as chairman from 1981 to 1984. In 2008, Foshay retired from the board and received the emeritus designation.
He is credited with contributing to Chartway’s long-term stability through his participation with various committees, specifically as chairman of the strategic planning committee and vice chairman of the asset-liability committee. He also served on the education, human resource, marketing, new services and pension ommittees and was a founding board member of the CU's charitable arm.