News Release

Monday, August 10, 2009

Contact: Greg Raver-Lampman
(757) 668-7554

Annual fish fest nets more than $50,000 for CHKD

VIRGINIA BEACH, VA – An annual deep sea fishing tournament sponsored by ABNB Federal Credit Union reeled in more than $50,000 for CHKD, despite an economy that has sponsors fearing a smaller haul.

The tournament reached that total after CO-OP Financial Services boosted its matching funds from $10,000 to $20,000.

“After collecting additional dollars from other fundraising efforts, we are now able to increase our total contribution to $55,238,” says ABNB President & CEO Carl Ratcliff. “This represents a tremendous team effort. I could not be more proud of our members and employees.”

Soon after the tournament, ABNB presented CHKD a check for $42,000, $7,000 more than the fish fest generated last year. Part of that total reflected the automatic $10,000 match from CO-OP Financial Services, a credit union industry service provider.

“When CO-OP Financial Services learned that we not only met but exceeded last year’s total, they decided to increase the match by an additional $10,000,” said Ratcliff.

Combined with funds from other fundraisers, the total CHKD received added up to $55,238.

“We are so grateful to the good people at ABNB,” says CHKD Director of Corporate Relations Brenda Kuntz. “With the economy the way it is, it’s hard to overstate the magnitude of their accomplishment.”

Nearly 200 participants along with top local radio personalities from 92.9 The Wave, 97.3 The Eagle, ESPN Radio 1310, 100.5 Max FM and Star 94.1 gathered on June 12 for a half day’s fishing excursion out of Rudee Inlet, followed by lunch provided by Carrabba’s Italian Grill.

For over forty years ABNB has maintained a commitment to providing quality products and services along with professional and personal service to its members.  With fourteen branches and five service centers, ABNB currently serves more than 45,000 members and is one of the largest home-based financial institutions in the Hampton Roads area.

Children's Hospital of The King's Daughters is the only freestanding pediatric hospital in Virginia and serves the medical and surgical needs of children throughout greater Hampton Roads, the Eastern Shore of Virginia and northeastern North Carolina.  Founded in 1961, the not-for-profit hospital provides care to more than 160,000 children each year as inpatients and outpatients, addressing routine and complex illnesses, injuries and chronic conditions.