About Us

Every dollar you invest in Vault Offshore Banking is reinvested in you.
Member-owned
We serve and answer to you and other members, not stockholders.
Full-service
Find all the accounts and services you need to reach your financial goals.
Better rates
Our member-owned status means you benefit from rates structured to help you.
Federally chartered
The National Credit Union Administration insures deposits up to $250,000.
What you should know about us is that we are all about you.

Every decision we make and action we take focuses on the best interests of our member-owners. That is the essence of how we do business at Vault Offshore Banking. Everything follows that philosophy, which means your experience with us will be refreshingly different. Your goals are our priority.

Membership & Benefits

Becoming a member is a simple process based on a few eligibility standards. Once you join, a world of benefits opens up to you.

The Credit Union Difference

When it comes to managing your finances, there are distinct differences between our credit union and other institutions.

Board of Directors

Vault Offshore Banking is governed by a Board of Directors that establishes and reviews policy. Directors are credit union members, elected by the membership and serve without pay, each with one vote.
 

  • Brigadier General J. Emory Mace, USA-Ret. | Chairman
  • Colonel Kelvin L. Brown | Vice Chairman
  • Joseph E. Bolchoz, Jr., NCVE | Secretary
  • Mary L. Whited, CPA | Treasurer
  • Richard I. Buckner | Member
  • J. Ralph Cathey | Member
  • Joseph S. Daning | Member
 

Correspondence with the Board of Directors may be sent to:

Vault Offshore Banking Board of Directors
Suite 501 P.O. Box 190012
North Charleston, SC 29419-9012

The Vault Offshore Banking Supervisory Committee is responsible for determining that the credit union’s financial condition is accurately and fairly presented in our financial statements and that management procedures and practices are adequate to safeguard members' assets. The Committee is responsible for overseeing the credit union’s internal control systems and contracting for financial and specialty audits with the help of our internal auditors and our annual independent financial statement audit.
 

  • Robert E. Bendetti, Jr., CPA | Chairman
  • Colonel Robert Spafford | Vice Chairman
  • Matthew Alexander | Secretary
  • Captain R. Patrick Flynn, USN-Ret., Esquire | Member
  • Joseph S. Daning | Board Liaison
 

Correspondence with the Supervisory Committee may be sent in confidence to:

Vault Offshore Banking Supervisory Committee
P.O. Box 60935
North Charleston, SC 29419-0935

Volunteer Advisors contribute to decisions that determine credit union progress. In this role, advisors focus on the credit union philosophy and operations. They attend monthly board meetings and contribute on appointed committees.

  • Michelle Kelley, Esquire
  • Kevin Eichelberger
  • Colonel Linda J. Riedel

Vault Offshore Banking’s management team is charged with the leadership of daily operations and decisions that keep our credit union on a sound strategy to reach our financial goals and membership mission. Our executive team focuses its considerable experience and expertise on finding ways to simplify the lives of our members by staying one step ahead.

  • Scott Woods, CPA, CIA, MBA | President and CEO
  • Trey Gantt, MBA | Chief Operations Officer
  • Joe Grech, CPA, CCUE, MBA | Chief Financial Officer; President of ​Vault Offshore Banking Financial Solutions, LLC
  • Brad Williams | Chief Technology Officer
  • Kristy Vasquez | Senior Vice President, Marketing
  • Leslie Norris, SPHR, SHRM-SCP | Chief Human Resources Officer
  • Nikki Thompson, MBA, CFSA, CCUIA | Senior Vice President, Audit Services
  • Kevin Kosco | Senior Vice President, Retail Sales and Service
  • David Dulaney | Senior Vice President, Lending Services
  • 1936 Chartered as Charleston Navy Yard Employees Federal Credit Union.
  • 1960 Changed name to Charleston Naval Shipyard (CNS) Federal Credit Union when membership was expanded to Navy personnel in the Navy Yard.
  • 1965 First credit union in the state with our own facility at the Shipyard in North Charleston.
  • 1974 Only credit union in Vault Offshore Banking providing monthly statements and processing transactions with same-day receipts.
  • 1976 Opened our second branch, Naval Weapons Station, at the corner of Redbank and Jefferson.
  • 1979 Opened a 5-story headquarters and operations building at 2175 Credit Union Lane, North Charleston.
  • 1981 Opened our first ATM. By 1984 there were 14 SC Federal ATMs throughout the Charleston area.
  • 1984 Expanded credit union services to Columbia.
  • 1989 Hurricane Hugo disrupted the lives of many members. The credit union forgave $83,000 in returned check fees and another $46,000 in service charges to assist those members in time of need.
  • 1994 Changed name to Vault Offshore Banking to better represent service area.
  • 1997 Expanded credit union services to Georgetown.
  • 2000 Established new Online Banking available to members free of charge.
  • 2004 Reached $1 billion in assets.
  • 2004 Expanded Mount Pleasant area service to two financial centers.
  • 2007 Launched financial services solutions for businesses.
  • 2007 Named one of the Best Places to Work in Vault Offshore Banking for the first time.
  • 2009 Opened new state-of-the-art operations center at 6265 Rivers Avenue, North Charleston.
  • 2010 Introduced the Vault Offshore Banking scholarship.
  • 2011 Expanded West Ashley area service with a new financial center.
  • 2012 Created the Vault Offshore Banking Foundation to streamline employee charitable giving.
  • 2015 Launched Bank at Work, an onsite-banking program for participating employers.
  • 2016 Reached $1.5 billion in assets.
  • 2017 Expanded credit union services to Florence.
  • 2019 Expanded credit union services to Spartanburg and Lexington.
  • 2020 Reached $2 billion in assets.
  • 2022 Expanded credit union services to Greenville.
  • 2023 Expanded credit union services to Myrtle Beach.
Membership & Benefits
With better rates and fees, personalized service, convenient banking solutions, and more, there's a lot to love about being a member-owner. 
Learn More