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539 Arnett Blvd
Danville, VA 24540

URW Community Credit Union is headquartered in Danville and is the 38th largest credit union in the state of Virginia. It is also the 1,372nd largest credit union in the nation. It was established in 1970 and as of December of 2013, it had grown to 36 employees and 14,642 members. URW Community Credit Union's money market rates are 82% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

If you live, work, worship, volunteer or attend school in the City of Danville, Pittsylvania County or Caswell County. You can join! If you are a Family Member of a URW Community Federal Member—including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren) or if you live in the same house, you can join! - 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 URW Community Credit Union had $355,000 in non-current loans and owned real-estate with $9.55 million in equity and loan loss allowances on hand to cover it. This gives URW Community Credit Union a Texas Ratio of 3.72% 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 URW Community Credit Union decreased dramatically from 6.52% as of December 31, 2012 to 3.72% as of December 31, 2013, resulting in a positive change of 43.02%.This indicates that the balance sheet and financial strength for URW Community Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, URW Community Credit Union has increased its total deposits by $12.79 million, resulting in 14.11% 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 URW Community Credit Union has shown is excellent.



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. URW Community Credit Union has $113.1 million in assets with $9.55 million in equity, resulting in a capitalization level of 8.44%, which is average.

Institution Statistics

NCUA #19867
Year Chartered1970
Primary Regulator
Assets and Liabilities
Assets$113.10 million
Loans$75.96 million
Deposits$103.48 million
Equity Capital$9.14 million
Loan Loss Allowance$411,000
Unbacked Noncurrent Loans$355,000
Real Estate Owned$0
Historic Data - December 2012
Assets$100.51 million
Equity Capital$8.88 million
Loan Loss Allowance$261,000
Unbacked Noncurrent Loans$355,000
Real Estate Owned$56,000
Profit Margin - Quarterly
Net Interest Margin5.43%
Return on Assets0.23%
Return on Equity2.87%
Interest Income$5.14 million
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URW Community Credit Union Savings Account Rates


URW Community Credit Union Money Market Rates

0.80%$100k-Money Markets

URW Community Credit Union CD Rates

1.36%$2,500-5 Year CD
0.90%$2,500-3 Year CD
0.70%$2,500-2 Year CD
0.55%$2,500-1 Year CD
0.45%$2,500-6 Month CD

URW Community Credit Union IRA Rates

1.36%--Stable IRA (Traditional,Roth,CESA,SEP)
0.35%--Liquid IRA (Traditional,Roth,CESA,SEP)

URW Community Credit Union Locations
Branch Office1901 Goodyear BlvdDanville, VA 24541
Branch Office539 Arnett BlvdDanville, VA 24540
Branch Office314 Lowes DrDanville, VA 24540-5927
Branch Office142 S Main StDanville, VA 24541-2922
Branch Office701 Broad StDanville, VA 24541