Featured Savings Rates
Featured Accounts

Connects Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD1 Year Fixed Share Certificate
0.10%SavingsRegular Share Account
1.00%3-year CD3 Year Fixed Share Certificate

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

Connects Federal Credit Union is headquartered in Richmond and is the 54th largest credit union in the state of Virginia. It is also the 1,822nd largest credit union in the nation. It was established in 1950 and as of June of 2016, it had grown to 23 employees and 10,093 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
B+
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
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$78.1MM$77.0MM
LoansQ2 2016vs Q2 2015$31.4MM$26.8MM
DepositsQ2 2016vs Q2 2015$71.7MM$70.7MM
Equity CapitalQ2 2016vs Q2 2015$6.0MM$5.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$209.00K$228.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$314.00K$221.00K
Real Estate OwnedQ2 2016vs Q2 2015$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 Account
0.10%--Christmas Club Account
0.10%--Youth Account

Connects Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$10k*-Money Management
OTHER TIERS: 0.15% $2,500 - $10k

Connects Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office7700 Shrader RdRichmond, VA 23228
Branch Office9280 Chamberlayne Rd Ste 100Mechanicsville, VA 23116
Branch Office9960 Midlothian TurnpikeNorth Chesterfield, VA 23235