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Overview / Commentary
9401 W Broad St
Henrico, VA 23294

Henrico Credit Union is headquartered in Henrico and is the 30th largest credit union in the state of Virginia. It is also the 930th largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 65 employees and 28,349 members. Henrico Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Henrico County. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Henrico Credit Union had $1.21 million in non-current loans and owned real-estate with $15.36 million in equity and loan loss allowances on hand to cover it. This gives Henrico Credit Union a Texas Ratio of 7.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Henrico Credit Union decreased slightly from 10.88% as of December 31, 2012 to 7.87% as of December 31, 2013, resulting in a positive change of 27.67%.This indicates that the balance sheet and financial strength for Henrico Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Henrico Credit Union has increased its total deposits by $627,000, resulting in 0.35% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Henrico Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Henrico Credit Union has $195.89 million in assets with $15.36 million in equity, resulting in a capitalization level of 7.84%, which is below average.

Institution Statistics

NCUA #18175
Year Chartered1967
Primary Regulator
Assets and Liabilities
Assets$195.89 million
Loans$89.50 million
Deposits$180.48 million
Equity Capital$14.34 million
Loan Loss Allowance$1.02 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$0
Historic Data - December 2012
Assets$194.57 million
Equity Capital$13.32 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$52,000
Profit Margin - Quarterly
Net Interest Margin5.17%
Return on Assets0.68%
Return on Equity9.25%
Interest Income$5.79 million

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Henrico Credit Union Locations
Branch Office1201 N Laburnum AveRichmond, VA 23223
Branch Office3820 Nine Mile RdRichmond, VA 23223
Branch Office7101 Jefferson Davis HwyNorth Chesterfield, VA 23237-1521
Branch Office10401 Woodman RdGlen Allen, VA 23060
Branch Office8611 Dixon Powers DrHenrico, VA 23228
Branch Office9401 W Broad StHenrico, VA 23294