Connects Federal Credit Union is headquartered in Richmond and is the 48th largest credit union in the state of Virginia. It is also the 1,849th largest credit union in the nation. It was established in 1950 and as of March of 2022, it had grown to 20 employees and 8,248 members at 2 locations. Connects Federal Credit Union has a B+ health rating.
Connects Federal Credit Union is open to anyone who lives, works, worships, volunteers, or goes to school in the City of Richmond or Henrico, Hanover, or Chesterfield counties.
See current membership details
Overall | |
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NCUA # | 6670 |
Year Chartered | 1950 |
Employees | 20 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.34% |
Return on Equity - YTD | 6.18% |
Annual Interest Income | $587.00K |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $98.1MM$90.3MM |
Loans | Q1 2022vs Q1 2021 | $37.9MM$36.4MM |
Deposits | Q1 2022vs Q1 2021 | $91.4MM$84.1MM |
Equity Capital | Q1 2022vs Q1 2021 | $5.3MM$6.0MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $235.00K$332.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $123.00K$89.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Connects Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | - | - | IRA Share Account | |
0.03% | $100 | - | Regular Share Account | |
0.03% | - | - | Vacation Club | |
0.03% | - | - | Christmas Club | |
0.03% | $5 | - | Youth Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $10k* | - | Money Management | ||
OTHER TIERS: 0.10% → $2.5k - $10k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.45% | $1k | - | 3 Year Share Certificate | |
0.35% | $1k | - | 2 Year Share Certificate | |
0.25% | $1k | - | 1 Year Share Certificate | |
0.20% | $500 | - | 6 Month Share Certificate |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.45% | $1k | - | 3 Year IRA Share Certificate | |
0.35% | $1k | - | 2 Year IRA Share Certificate | |
0.25% | $1k | - | 1 Year IRA Share Certificate |
Connects Federal Credit Union Locations | ||
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Branch Office | 7700 Shrader Rd | Richmond, VA 23228 |
Branch Office | 9280 Chamberlayne Rd Ste 100 | Mechanicsville, VA 23116 |