Virginia Credit Union Moves Investment Program to Ameriprise Financial to Offer Enhanced, Digitally Enabled Customer Experience

MINNEAPOLIS-(BUSINESS WIRE)–Virginia Credit Union (VACU)which serves more than 300,000 members from 20 locations in Virginia, moved its investment program to Ameriprise Financial (NYSE: AMP) from CUNA Brokerage Services. Virginia Credit Union has selected the Ameriprise Financial Institutions Group (AFIG) channel to deliver an enhanced, digitally enabled experience for its members. To reflect its recently expanded services, the credit union renamed its investment program to VACU Investment Group (VACUIG).

The credit union is looking to further expand its footprint and its investment program. VACUIG currently has five financial advisors managing more than $335 million in brokerage assets: Randolph Tate, Elneta Burke, Carl Thurdy, James Collinsand Joel Marks. VACUIG Financial Advisors, along with Ameriprise, is committed to helping its members create personalized financial plans and helping clients manage their investments to achieve their financial goals. Customers have access to the following services:

  • Personalized advice and financial plans which are tailored to their individual needs.
  • Stable investment decisions to help them achieve their financial goals.
  • Digital capabilities that allow members to connect with their advisors wherever and however they want – face-to-face, online, video or phone meetings.

“The financial advisers who serve VACU members have always been committed to providing first class service,” said John Stone, executive vice president of financial services for the Virginia Credit Union. “Technology has advanced and there are more options we can provide our members to help them connect with their advisor and achieve their goals. We decided to partner with Ameriprise Financial to support our growing footprint and provide the digital tools needed to enhance the member experience.”

“We are honored to partner with Virginia Credit Union and support their growth with our powerful advice offered to their members,” said Jay McAnnelly, Group Vice President, AFIG. “At Ameriprise, we help advisors deliver a best-in-class, referral-based client experience through industry-leading technology and a robust investment platform. Our experience, combined with the team’s strong brand locally, now provides what members need to invest and feel confident in the current volatile market environment.”

With more than 25 years1 serving the investment program needs of local banks and credit unions, Ameriprise Financial Institutions Group brings deep understanding, experience and knowledge to the financial institutions space – helping to deliver customer/member value while driving revenue for the affiliated institution. To learn why experienced financial advisors and institutions join Ameriprise, visit

About Virginia Credit Union

A financial cooperative serving more than 310,000 members, Virginia Credit Union offers a variety of affordable banking services, loans, mortgages and free financial education resources, with a focus on helping people be more confident with their finances. Virginia Credit Union is an equal housing opportunity lender and is federally insured by the NCUA. For more information, visit

About Ameriprise Financial

At Ameriprise Financial, we’ve been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a national network of approximately 10,000 financial advisors2we have the strength and experience to serve the full range of financial needs of individual and institutional investors.

Not the FDIC or NCUA


No financial institution


He might lose


Ameriprise Financial cannot guarantee future financial performance.

Ameriprise Financial and the financial institution are not affiliated.

VACU Investment Group is a financial advisory practice of Ameriprise Financial Services, LLC.

Investment advisory products and services are provided through Ameriprise Financial Services, LLC, a registered investment advisor.

Securities offered by Ameriprise Financial Services, LLC. Member of FINRA and SIPC.

Ameriprise Financial and the financial institution are not affiliated.

Ameriprise Financial Services, LLC is an equal opportunity employer.

© 2022 Ameriprise Financial, Inc. All rights reserved.


Investment Professionals, Inc (IPI) was founded in 1992 and specializes in providing venue investment programs for financial institutions. Ameriprise Financial, Inc. acquired IPI in 2017, bringing together the long-standing experience of both organizations.

2 Ameriprise Q1 2022 Earnings Release

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