ABNB Credit Union opens at new location in Moyock
By William F. West
Sunday, January 1, 2017
MOYOCK – What had been a long-vacant bank branch at the corner of Caratoke Highway and Puddin Ridge Road has been revived as a relocated federal credit union branch.
Since March 2003, ABNB had been serving upper Currituck County customers in the Moyock Commons shopping center. On Nov. 14, ABNB's Moyock branch relocated just up the highway to a former Methodist church building that was once a branch of Bank of the Commonwealth and, for a brief time, a branch of Southern Bank and Trust.
ABNB President and Chief Executive Officer Carl Ratcliff expressed his elation about the recent move in a statement released following a ceremonial opening held on Dec. 5.
“Our new Moyock branch gives us a greater opportunity to serve our members in Currituck County and surrounding areas,” Ratcliff said. “We feel this location will give members easier access to our ABNB staff to help with their financial needs.”
ABNB spokeswoman Kelli Ragland said the credit union, which is based in Chesapeake,Va., wanted to leave the Moyock shopping center to be more visible in Moyock, as well as to Elizabeth City area residents. Since November 2014, ABNB has had a branch at Coast Guard Base Elizabeth City.
Currituck Chamber of Commerce President Josh Bass said in a recent phone interview that the relocation of ABNB's Moyock branch filled a void at the intersection of Caratoke and Puddin Ridge.
"Of course that's a great thing for Moyock,” Bass said.
Of ABNB in Moyock, he said, “I think they're doing very, very well in this market, is what that shows.”
“This is a big move up for them,” he said.
The transformation of the former church has quite a long and well-documented history at the upper end of Currituck.
Plans in the past called for the house of worship to be transformed into a new public library and visitors center, but in July 2007, the Currituck Board of Adjustment gave the green light to the then-Norfolk-based Bank of Commonwealth to open a new branch there.
The public library and visitors center project at the former church was abandoned by a new Board of Commissioners, who unveiled plans to build a new and much larger library building. The Moyock library today is just off Tulls Creek Road, while the visitors center is on Caratoke, just below the North Carolina-Virginia border.
Meantime, the former church remained a branch of Bank of the Commonwealth until the then-financial institution was shut down by Virginia officials in September 2011.
The Federal Deposit Insurance Corporation, to protect the failed bank's depositors, entered into a purchase agreement with Mount Olive-based Southern Bank and Trust.
Southern Bank and Trust's presence in Moyock was short-lived, however. In January 2012, Southern Bank and Trust announced intentions to shut down the Moyock branch at the end of the next month, apparently as part of a realignment plan.
ABNB dates back to 1996, as a result of a merger of the Amphibious Base Federal Credit Union and the Naval Base Norfolk Federal Credit Union.
ABNB's Moyock branch has five employees. The branch's lobby hours are 9 a.m. to 5 p.m., Monday through Thursday, 9 a.m.-6 p.m., on Friday and 9 a.m.-1 p.m. on Saturday.
The Moyock branch also features a drive-up lane. The drive-up service hours are 8:30 a.m. to 5:30 p.m. Monday through Thursday, from 8:30 a.m. to 6 p.m. on Friday and from 9 a.m. to 1 p.m., on Saturday.
The Moyock branch also features a 24/7 automated teller.
The Moyock branch can be reached at 757-523-5300, extension 2600.