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Overview / Commentary
6011 Staples Mill Rd
Richmond, VA 23228

RiverTrace Federal Credit Union is headquartered in Richmond and is the 83rd largest credit union in the state of Virginia. It is also the 3,464th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 4 employees and 1,155 members. RiverTrace Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Everyone who lives, works, worships or attends school in Chesterfield, Hanover or Henrico counties, or the city of Richmond is welcome. We're also open for membership to any business or other legal entity in these areas. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. RiverTrace Federal Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 RiverTrace Federal Credit Union had $262,000 in non-current loans and owned real-estate with $2.43 million in equity and loan loss allowances on hand to cover it. This gives RiverTrace Federal Credit Union a Texas Ratio of 10.78% 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 RiverTrace Federal Credit Union experienced no significant changes from 6.82% as of March 31, 2013 to 10.78% as of March 31, 2014, resulting in a negative change of 57.95%. This indicates that the balance sheet and financial strength for RiverTrace Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, RiverTrace Federal Credit Union has decreased its total deposits by -$1.51 million, resulting in -7.47% 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 RiverTrace Federal Credit Union has shown is below 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. RiverTrace Federal Credit Union has $21.02 million in assets with $2.43 million in equity, resulting in a capitalization level of 11.56%, which is excellent.

Institution Statistics

NCUA #11150
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$21.02 million
Loans$9.88 million
Deposits$18.75 million
Equity Capital$2.22 million
Loan Loss Allowance$210,000
Unbacked Noncurrent Loans$62,000
Real Estate Owned$200,000
Historic Data - March 2013
Assets$23.33 million
Equity Capital$3.02 million
Loan Loss Allowance$85,000
Unbacked Noncurrent Loans$62,000
Real Estate Owned$70,000
Profit Margin - Quarterly
Return on Assets0.99%
Return on Equity9.37%
Interest Income$187,000
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RiverTrace Federal Credit Union Savings Account Rates

0.15%--Regular Share Account
0.15%--Christmas Club Account
0.15%--Vacation Club Account
0.15%--Tax Savings Account

RiverTrace Federal Credit Union Checking Account Rates

1.50%--Pathways Checking Account

RiverTrace Federal Credit Union CD Rates

1.36%$50k-48 Month Share Certificate
1.21%$50k-36 Month Share Certificate
1.00%$50k-24 Month Share Certificate
0.90%$50k-15 Month Share Certificate
0.65%$50k-12 Month Share Certificate
0.60%$50k-6 Month Share Certificate
0.55%$50k-10 Month Share Certificate

RiverTrace Federal Credit Union Locations
Branch Office7031 Richmond RdWilliamsburg, VA 23188
Branch Office6011 Staples Mill RdRichmond, VA 23228