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Virginia Saves Week Held February 19-26


Governor McDonnell
Governor Bob McDonnell presents a proclamation to Teresa Walker, VCC Savings Manager and Virginia Saves Coordinator.

WHEREAS, personal and household savings or individual citizens is fundamental to the long-term grown, stability, and vitality of Virginia’s economy; and, WHEREAS, adequate emergency savings, retirement funds, and safe debt-income ratios are critical components of personal financial security . . . so begins a Proclamation by Governor Bob McDonnell officially recognizing Virginia Saves Week.  This popular campaign looks forward to its most important annual event coming February 19-26, 2012.

News on the Virginia Saves campaign has come fast and furious over the past few months. First, this branch of America Saves has a new home, the halls of Virginia Community Capital. Saying that Virginia Saves has a new dwelling involves a little imagination and a solid understanding of how this entity operates. Virginia Saves is built upon a collaboration of nonprofit, government, and corporate groups as well as volunteers from across the Commonwealth. This structure has supported a Virginia Saves campaign for the past two years, a fine tradition of service originating from the United Way of South Hampton Roads. However, moving the program to a consistent base with someone willing to coordinate the activities each year seemed like an ideal transition as participating members looked toward the 2012 campaign.

Up stepped our own Teresa Walker, VCC’s Savings Manager, to the task. Walker brings extensive experience with 33 years of banking experience, including a full year in her newest role with Virginia’s first CDFI. Walker also infuses every activity with enthusiasm and a penchant for getting things done.

The move was effective in early November and happened with plenty of time to plan for the annual campaign, America Saves Week scheduled for February 19-26, 2012. This event is well-respected and especially critical during these challenging economic times. This is one of many reasons why Virginia’s Governor decided to officially call attention to it.

The theme of the 2012 campaign is:  Set a Goal, Make a Plan, Save Automatically.
There are many different ways to save, but one of the most effective ways to save is automatically. Use America Saves Week to promote opportunities for automatic savings, like direct deposit and splitting pay checks between saving and checking accounts.  Organizations, municipalities or employers may find campaign support materials at: http://americasavesweek.org/employers.

Virginia Saves is also under new organizational leadership with an expanded Advisory Board comprised of the following volunteers:

Ryan Ammann
Scott Horchler
Lisa Atkinson
Virginia Dept of Housing &
Community Development
Lori Irwin
Virginia Beach Dept of Human Services
Amanda Blanks
Virginia Division of Securities
and Retail Franchising
Monica Jefferson
Virginia Housing Development Authority
Wendell Fuller CFPA
Fuller Wealth Advisors, Inc./
Pro Bono FPA of Central Virginia
Lanette Kelly
Peninsula Saves
Amanda Gibson
The Federal Reserve Bank of Richmond
Dawn Lindley
Virginia Credit Union League
Maureen Goode
Greater Richmond EITC
John Meeks
Dr. Celia Hayhoe
Virginia Cooperative Extension/Virginia Tech
Chris Neighbors
Doris Heath
Virginia Cooperative Extension
James City County
Rachel Shultz
Goodwill Industries
Richard Hill
Langley Saves
Brendan Vigorito
Money Management International
Group Picture
Virginia Saves participated in the National EITC Awareness Day at the Metro Cash Financial Fitness Fair on January 28.

The Virginia Saves Co-Chairman Wendell Fuller, CFPA, offered these thoughts about the mission of this annual campaign: "As a Certified Financial Planner practitioner, I see firsthand the benefits a disciplined savings plan provides to all types of people. Sometimes it can be challenging to get people to do what is in their best interest when it comes to managing their personal finances. The Virginia Saves initiative offers what I believe to be the ideal mix in encouraging everyone to set a goal, make a plan, and save automatically."

Virginia Saves, in partnership with America Saves, offers free financial tools, savings services, advice and resources that help Americans from every income level take the steps needed to take charge of their finances.

Commit to save at www.virginiasaves.org

Photo, from left to right: Ian Robinson, VCC Advisory Services, Wendell Fuller pro bono director for CFP of Central Virginia, John McFarland, VCU CFP chapter, Teresa Walker, VCC Savings Manager and Virginia Saves Coordinator, Dominique Derbigny, MSW, MetroCASH Program Director.

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.