Overview / Commentary
7700 Shrader Rd
Richmond, VA 23228

Connects Federal Credit Union is headquartered in Richmond and is the 55th largest credit union in the state of Virginia. It is also the 1,884th largest credit union in the nation. It was established in 1950 and as of December of 2018, it had grown to 24 employees and 9,626 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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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

NCUA #6670
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.92%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$75.1MM$77.3MM
LoansQ4 2018vs Q4 2017$34.0MM$34.5MM
DepositsQ4 2018vs Q4 2017$69.0MM$71.3MM
Equity CapitalQ4 2018vs Q4 2017$5.8MM$5.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$573.00K$612.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$472.00K$524.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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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

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

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

Connects Federal Credit Union CD Rates

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

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

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