Connects Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	1-year CD	1 Year Share Certificate 2.45% - Synchrony Bank 14 Month CD Special
0.10%	Savings	Regular Share Account 1.65% - Barclays Online Savings Account
1.00%	3-year CD	3 Year Share Certificate 2.50% - Ally Bank High Yield 3 Year 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 55^th largest credit union in the state of Virginia. It is also the 1,840^th largest credit union in the nation. It was established in 1950 and as of March of 2018, it had grown to 21 employees and 9,872 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

Data as of Q1 2018

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	21
Primary Regulator

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	8.12%
Annual Interest Income	$677.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$79.7MM$76.9MM
Loans	Q1 2018vs Q1 2017	$33.6MM$32.2MM
Deposits	Q1 2018vs Q1 2017	$73.6MM$70.7MM
Equity Capital	Q1 2018vs Q1 2017	$5.8MM$5.9MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$593.00K$243.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$545.00K$494.00K
Real Estate Owned	Q1 2018vs Q1 2017	$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
0.10%	-	-	Christmas Club
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 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
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 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

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