June 4, 2023

VACU ATM Removal

Dear UMW Community:

It is with regret that I inform you of the Virginia Credit Union’s decision to remove the ATM in the Woodard Campus Center. The primary reason is the steady decline in the number of transactions over the past few years. That decline in conjunction with recent regulations which would require a complete retrofit of the machine, made the operation too unprofitable.

This summer, we will gauge the interest of other financial institutions in placing an ATM on campus as well as explore the option of partnering with a nearby business in placing an ATM nearby. I will keep you posted.

Richard R. Pearce

Vice President for Administration and Finance and CFO

University of Mary Washington

1301 College Avenue Fredericksburg, VA 22401

(540) 654-1020

(540) 654-1162 (fax)