WEST POINT, Va. — After over 31 years of serving BayLands Federal Credit Union, President/CEO Margie Elliot has announced she will retire effective August 1.
Joining the then $1.5 million credit union in 1976, Elliot was only the second employee to be hired. She slowly rose through the ranks and in 1992 she became president/CEO.
During her tenure as CEO, she facilitated the credit union's name change from Chesapeake Employees' Federal Credit Union to BayLands Federal Credit Union to reflect service to additional employee groups. In 2002, Elliot championed changing BayLands from a Select Employee Group-oriented credit union to a community chartered credit union with a charter covering King William, New Kent, James City, King & Queen, Middlesex, Essex, Mathews and Gloucester counties. In 2006, she led the charge for the opening of the first BayLands branch facility in James City County. Additionally, the new branch became a Credit Union Service Center outlet.
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