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VCC Is Montgomery County Chamber’s Nonprofit of the Year


Virginia Community Capital (VCC) was named Nonprofit of the Year by the Montgomery County Chamber of Commerce at the Annual Dinner and Awards function held on December 5. Attended by over 370 people, the event highlights local businesses and leaders. This year’s dinner was at the Inn at Virginia Tech.

The nomination for Nonprofit of the Year reviews contributions by various organizations and their impact on Montgomery County. VCC opened an office in Christiansburg in 2005. Since 2010, VCC has increased its Montgomery County staff by 50 percent. VCC has also provided over $8 million in financing, creating 103 new jobs in the area.

Christiansburg-based Lending Officer Shaun Rai and Savings Manager Teresa Walker accepted the award for VCC. Rai has been involved with the Montgomery Chamber of Commerce since 2008. He will serve on the Chamber’s Executive Committee beginning next year.

Other nonprofits nominated for the award include: The Free Clinic of the New River Valley, Historic Smithfield Plantation, United Way, and Virginia Tech Services.

About Virginia Community Capital:
With offices in Christiansburg, Richmond, and Springfield, Virginia Community Capital (VCC) is dedicated to the prospect of building wealth for all through our lending, deposits, and advisory services. As a community development financial institution (CDFI), our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs, and encourage sustainable communities. In partnership with our for-profit bank, Community Capital Bank of Virginia (CCB), the non-profit VCC offers loan capital broader and more flexible than bank lending in low-to-moderate income communities in underserved geographies and markets. Learn more at  vacommunitycapital.org.