ValleyStar Credit Union, formerly known as Martinsville DuPont Credit Union (MDCU) was chartered in 1953 and was originally chartered to serve the employees of the Martinsville DuPont Nylon Plant in Martinsville, Virginia.
The Martinsville DuPont Nylon Plant was the second nylon plant in the world and was built in 1939. Between 1940 and 1987, the DuPont plant was the largest and highest paying employer, on average in Henry County.
In 1997, MDCU expanded the charter to serve anyone who lived or worked in Martinsville and Henry County. This led to rapid increase in membership and change in the service mission at MDCU.
In 2004, MDCU expanded the charter to serve anyone who resides or is employed by an employer located in the West Piedmont Planning District which is comprised of the cities of Danville and Martinsville, Virginia and the counties of Patrick, Henry, Pittsylvania and Franklin; members of their immediate families; employees of MDCU; and organizations of such persons.
In 2014, MDCU continued along the path of growth and improvement with our vision and mission statements at the helm and once again expanded the charter to serve anyone who lives, works, worships or attend schools in, businesses and other legal entities located in the cities of Martinsville, Danville, Salem or Roanoke and the counties of Henry, Franklin, Patrick, Pittsylvania, or Roanoke, Virginia; members of their immediate families or households and associations of such persons; the incorporators and employees of this credit union; and other credit unions.
MDCU rebranded in 2014 and is now officially doing business as ValleyStar Credit Union. ValleyStar has since expanded to Waynesboro and Richmond. The membership charter has been expanded to serve 44 counties and cities in the state of Virginia and North Carolina and has eight full-service branch locations.
Board of Directors
G. Steve Isley
Betty Jo Ray
Norman W. Hill
Nancy Phillips, Ph.D.
The ValleyStar Supervisory Committee may be reached at:
P.O. Box 3543
Martinsville, VA 24115
View our 2021 Annual Report