Loudoun Credit Union Celebrates Return to Profitability and New Downtown Home at Annual Meeting
Loudoun Credit Union Board Chair Cindy Mester with CEO Michael Falvey at the 2026 Annual Meeting
LEESBURG, Va. – April 14, 2026 – Loudoun Credit Union hosted its Annual Meeting on Tuesday, April 14, at its new flagship location at 6 West Market Street in historic downtown Leesburg. The 48th annual gathering welcomed members, staff, and community partners to reflect on a defining year marked by renewed financial strength, deeper community engagement, and a bold investment in the future.
While annual meetings are a cornerstone of member governance, this year’s event carried a sense of momentum and pride. Held inside the Credit Union’s newly opened downtown space, the evening highlighted a successful return to profitability and a renewed commitment to serving Loudoun County in more visible and meaningful ways.
“2025 marked a turning point year for Loudoun Credit Union,” said CEO Michael Falvey. “After a period of transition, we returned to profitability, strengthened our financial foundation, and made one of the most visible investments in our history with our move to downtown Leesburg.”
Falvey reported net income of more than $214,000 for the year, alongside continued membership growth and strong capital positioning.
“We are nearing the halfway point of our three-year strategic plan, and I’m proud to say we have delivered on several key initiatives, including returning to profitability, completing our relocation, and enhancing the member experience,” he said.
He also emphasized the Credit Union’s focus on community engagement and long-term value for members.
“Our renewed commitment to community involvement and our investment in historic Leesburg are about ensuring that banking with Loudoun Credit Union delivers lasting value,” Falvey added.
Board Chair Cindy Mester reflected on the significance of the past year and the organization’s continued evolution.
“This was a year of re-engagement; with our members, with our community, and with our purpose,” she said. “We are incredibly grateful to our members for their patience during a challenging relocation, and proud of the investment we’ve made here in the heart of Leesburg.”
Mester also noted key governance updates, including changes to bylaws that will allow the Credit Union to expand services to include member business accounts, positioning the institution for future growth.
The Annual Meeting highlighted several key achievements from 2025, including the opening of the downtown Leesburg branch, expansion of the leadership team, continued membership growth, and deeper partnerships with local organizations.
That community impact remained central to the evening’s message. Over the past year, Loudoun Credit Union supported a wide range of local organizations, including Loudoun County Public Schools, the Loudoun Education Foundation, The Arc of Loudoun, and multiple first responder and nonprofit groups, reinforcing its role as a community-focused financial partner.
Looking ahead, Falvey shared that the Credit Union will continue building on this momentum with expanded lending opportunities, new business banking services, and ongoing investments in both digital and in-person member experience.
“We’re just getting started,” he said. “Everything we’ve done this past year has been about building a stronger, more accessible credit union for Loudoun County.”
The meeting concluded with member votes approving the prior year’s minutes, the Treasurer’s Report, and the re-election of Board members Cindy Mester and Eric Jewell to new three-year terms.
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About Loudoun Credit Union
Chartered in 1977, Loudoun Credit Union is a member-owned, not-for-profit financial cooperative serving more than 5,400 members across Loudoun County, including public employees, educators, small businesses and families. The Credit Union is governed by a volunteer Board of Directors and is committed to helping members achieve financial well-being through fair, personalized service.