Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
7500 Boulder View Dr
North Chesterfield, VA 23225-4046

Virginia Credit Union, Inc., is headquartered in North Chesterfield and is the 4th largest credit union in the state of Virginia. It is also the 55th largest credit union in the nation. It was established in 1928 and as of March of 2014, it had grown to 531 employees and 232,855 members. Virginia Credit Union, Inc., has a A health rating.

Field of Membership Restrictions

Must be an employee of the Commonwealth of Virginia or several related institution. Also open to those who live, work, worship or attend school in the City of Richmond, City of Petersburg, City of Hopewell, City of Fredericksburg, Buckingham County, Cumberland County, Nottoway County, Prince Edward County or the Town of Farmville. - See Details

Reviews (2)

Lack Of Help On Mortgage

I ask for help on my mortgage and only after I got behind did I get any help and by then me credit rateing was shot now I have no credit and my car ins went up as well if I had goting help when I ask for my credit would not be hurt

that my 2 cent worth

No minimums

There are no minimums for the regular checking account. That is something you won't see at a bank. Even other credit unions have some sort of minimum like five dollars but not Virginia Credit Union. This means if I am having a difficult month I won't be penalized for draining my account down to zero.

Also, the ATM fees are nearly non existent. They will reimburse you up to 8 dollars for a month if you get your money from a non VACU ATM. If you get it from an authorized ATM then it's free always. They also have competitive products and are reasonably located for me.


Data for Q1 2014

Institution Health


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 Virginia Credit Union, Inc., had $19.48 million in non-current loans and owned real-estate with $249.84 million in equity and loan loss allowances on hand to cover it. This gives Virginia Credit Union, Inc., a Texas Ratio of 7.80% 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 Virginia Credit Union, Inc., decreased slightly from 8.83% as of March 31, 2013 to 7.80% as of March 31, 2014, resulting in a positive change of 11.65%.This indicates that the balance sheet and financial strength for Virginia Credit Union, Inc., has improved slightly in recent periods.

Deposit Growth


In the past year, Virginia Credit Union, Inc., has increased its total deposits by $48.83 million, resulting in 2.31% 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 Virginia Credit Union, Inc., 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. Virginia Credit Union, Inc., has $2.57 billion in assets with $249.84 million in equity, resulting in a capitalization level of 9.72%, which is above average.

Institution Statistics

NCUA #66836
Year Chartered1928
Primary Regulator
Assets and Liabilities
Assets$2.57 billion
Loans$1.51 billion
Deposits$2.16 billion
Equity Capital$228.25 million
Loan Loss Allowance$21.60 million
Unbacked Noncurrent Loans$17.85 million
Real Estate Owned$1.63 million
Historic Data - March 2013
Assets$2.44 billion
Equity Capital$201.54 million
Loan Loss Allowance$23.90 million
Unbacked Noncurrent Loans$17.85 million
Real Estate Owned$2.05 million
Profit Margin - Quarterly
Return on Assets0.9%
Return on Equity10.18%
Interest Income$23.69 million

Always verify rates and promotions with the bank or credit union. We are not Virginia Credit Union, Inc.,, we are a rate comparison website and can not provide official rates or promotions.

Virginia Credit Union, Inc., Savings Account Rates

0.25%$100-Health Savings Account
0.20%$500-Savings Account

Virginia Credit Union, Inc., Money Market Rates

0.45%$100k-Premium Plus Money Market
0.25%$10k-Premium Money Market

Virginia Credit Union, Inc., Checking Account Rates

0.20%$5k-Checking Plus
0.20%$5k-Extra Credit Checking (age 15-22)

Virginia Credit Union, Inc., CD Rates

1.60%$50k-60 Month CD
1.30%$50k-48 Month CD
1.15%$50k-36 Month CD
0.85%$50k-24 Month CD
0.70%$50k-12 Month CD
0.55%$50k-6 Month CD

Virginia Credit Union, Inc., IRA Rates

1.60%$50k-60 Month IRA
1.30%$50k-48 Month IRA
1.15%$50k-36 Month IRA
0.85%$50k-24 Month IRA
0.70%$50k-12 Month IRA
0.60%$50k-18 Month Variable IRA

Virginia Credit Union, Inc., has 18 locations. Click to view all Virginia Credit Union, Inc., locations.