Connects Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	1-year CD	1 Year Fixed Share Certificate 1.40% - Synchrony Bank 12 Month CD
0.10%	Savings	Regular Share Account 1.20% - Synchrony Bank High Yield Savings
1.00%	3-year CD	3 Year Fixed Share Certificate 1.85% - Synchrony Bank 36 Month CD

View all Connects Federal Credit Union rates »

Overview / Commentary

www.connectsfcu.org

800-833-5200

7700 Shrader Rd
Richmond, VA 23228

Connects Federal Credit Union is headquartered in Richmond and is the 54^th largest credit union in the state of Virginia. It is also the 1,873^rd largest credit union in the nation. It was established in 1950 and as of March of 2017, it had grown to 22 employees and 9,774 members at 3 locations. Connects Federal Credit Union has a C+ 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.)
See current membership details

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Health

C+

Data as of Q1 2017

Learn why bank health matters

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 Chartered	1950
Employees	22
Primary Regulator

Profit Margin
Return on Assets - YTD	0.03%
Return on Equity - YTD	0.41%
Annual Interest Income	$597.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$76.9MM$78.9MM
Loans	Q1 2017vs Q1 2016	$32.2MM$29.2MM
Deposits	Q1 2017vs Q1 2016	$70.7MM$72.6MM
Equity Capital	Q1 2017vs Q1 2016	$5.9MM$6.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$243.00K$206.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$494.00K$290.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	IRA Share Account
0.10%	$100	-	Regular Share Account
0.10%	-	-	Vacation Club Account
0.10%	-	-	Christmas Club Account
0.10%	-	-	Youth Account

Connects Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%^*	$10k^*	-	Money Management
OTHER TIERS: 0.15% → $2,500 - $10k

Connects Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	3 Year Fixed Share Certificate
0.82%	$1k	-	2 Year Fixed Share Certificate
0.50%	$1k	-	1 Year Fixed Share Certificate
0.30%	$500	-	6 Month Fixed Share Certificate

Connects Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	3 Year Fixed IRA Share Certificate
0.82%	$1k	-	2 Year Fixed IRA Share Certificate
0.50%	$1k	-	1 Year Fixed IRA Share Certificate

Locations

Connects Federal Credit Union Locations
Branch Office	7700 Shrader Rd	Richmond, VA 23228
Branch Office	9280 Chamberlayne Rd Ste 100	Mechanicsville, VA 23116
Branch Office	9960 Midlothian Turnpike	North Chesterfield, VA 23235