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.)
See current membership details
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6670 |
| Year Chartered | 1950 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.16% |
| Return on Equity - YTD | 2.09% |
| Annual Interest Income | $668.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $76.7MM$79.7MM |
| Loans | Q1 2019vs Q1 2018 | $33.3MM$33.6MM |
| Deposits | Q1 2019vs Q1 2018 | $70.6MM$73.6MM |
| Equity Capital | Q1 2019vs Q1 2018 | $5.9MM$5.8MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $543.00K$593.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $362.00K$545.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $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.
Connects Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $10k* | - | Money Management | ||
| OTHER TIERS: 0.15% → $2.5k - $10k | |||||
Connects Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
| 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 |