Connects Federal Credit Union


Overview / Commentary
800-833-5200
7700 Shrader Rd
Richmond, VA 23228

Connects Federal Credit Union is headquartered in Richmond and is the 56th largest credit union in the state of Virginia. It is also the 1,892nd largest credit union in the nation. It was established in 1950 and as of March of 2019, it had grown to 24 employees and 9,519 members at 3 locations. Connects Federal Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in the Greater Richmond Community (consists of the City of Richmond and the counties of Chesterfield, Hanover and Henrico.)
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Connects Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #6670
Year Chartered1950
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD2.09%
Annual Interest Income$668.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$76.7MM$79.7MM
LoansQ1 2019vs Q1 2018$33.3MM$33.6MM
DepositsQ1 2019vs Q1 2018$70.6MM$73.6MM
Equity CapitalQ1 2019vs Q1 2018$5.9MM$5.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$543.00K$593.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$362.00K$545.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Connects Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Share Account
0.10%$100-Regular Share Account
0.10%--Vacation Club
0.10%--Christmas Club
0.10%$5-Youth Account

Connects Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$10k*-Money Management
OTHER TIERS: 0.15% $2.5k - $10k

Connects Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-3 Year Share Certificate
0.82%$1k-2 Year Share Certificate
0.50%$1k-1 Year Share Certificate
0.30%$500-6 Month Share Certificate

Connects Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-3 Year IRA Share Certificate
0.82%$1k-2 Year IRA Share Certificate
0.50%$1k-1 Year IRA Share Certificate
Locations


Connects Federal Credit Union Locations
Branch Office7700 Shrader RdRichmond, VA 23228
Branch Office9280 Chamberlayne Rd Ste 100Mechanicsville, VA 23116
Branch Office9960 Midlothian TurnpikeNorth Chesterfield, VA 23235

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