Overview / Commentary
First NRV Federal Credit Union is headquartered in Radford and is the 62nd largest credit union in the state of Virginia. It is also the 2,611th largest credit union in the nation. It was established in 1937 and as of March of 2025, it had grown to 10 employees and 2,860 members at 2 locations. First NRV Federal Credit Union has a C health rating.
Field of Membership Restrictions
Membership in First NRV Federal Credit Union is open to those who lve, work, worship, or attend school in the Virginia counties of Carroll, Floyd, Pulaski, or Wythe, or the Virginia cities of Galax or Radford.
See current membership details
Health
C
Data as of Q1 2025
Learn why bank health mattersAdditional 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. First NRV Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 2263 |
| Year Chartered | 1937 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.23% |
| Return on Equity - YTD | -2.93% |
| Annual Interest Income | $555K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $41.1MM$40.6MM |
| Loans | Q1 2025vs Q1 2024 | $23.9MM$25.8MM |
| Deposits | Q1 2025vs Q1 2024 | $37.8MM$37.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.2MM$3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $441K$389K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $721K$307K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |