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CommonWealth One Federal Credit Union has been around for 77 years. For nearly half of that time Charlotte Cash has been a constant figure. But, after 36 years, the current president/CEO announced it's time for her to retire.
On Tuesday, the Alexandria, Va.-based CommonWealth One ($472.1 million in assets, 37,163 members) announced that Cash will step down this August as only its third CEO in the credit union's history.
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Cash began her career with CommonWealth One in 1985 as the credit union's first marketing manager, according to a press release from the credit union. "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," Cash said.
Charlotte Cash Twenty-seven years later, in 2012, Cash was appointed president/CEO. At the time of her promotion, she had risen to vice president, marketing and retail delivery, with oversight of marketing, business development, branches, the contact center and facilities. She took over the helm after then-President/CEO John Blair announced his retirement.
According to the credit union, Cash has provided strategic direction for the organization and has been instrumental in the development of CommonWealth One's award-winning Youth and Adult Financial Education programs, and local Scholarship and Community Service Action programs, which have enabled the credit union to positively impact the lives thousands of its members over the past nine years.
"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.
The board of directors will conduct a nationwide search to find its next president/CEO, according to the credit union's statement.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
