Hampton Roads Educators’ Credit Union


Overview / Commentary
757-838-0707
2130 Cunningham Dr
Hampton, VA 23666

Hampton Roads Educators’ Credit Union is headquartered in Hampton and is the 68th largest credit union in the state of Virginia. It is also the 2,828th largest credit union in the nation. It was established in 1954 and as of September of 2019, it had grown to 12 employees and 5,176 members at 1 location. Hampton Roads Educators’ Credit Union's money market rates are 2X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Hampton Roads Educators' Credit Union is open to current and retired employees and presently enrolled or home schooled students of these qualified schools and associations: Hampton City, Gloucester County, Isle of Wright County, Matthews County, Middlesex County, New Horizons Hampton Campus, Poquoson City, Surry County, Williamsburg/James City County, Thomas Nelson Community College, and the Gloucester County Municipal Government, along with the employees and students of private schools within the Hampton Roads area, and the family members of current credit union members.
See current membership details

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Health
C+
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. Hampton Roads Educators’ Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #66913
Year Chartered1954
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD13.77%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$31.2MM$31.7MM
LoansQ3 2019vs Q3 2018$15.8MM$14.3MM
DepositsQ3 2019vs Q3 2018$29.5MM$29.4MM
Equity CapitalQ3 2019vs Q3 2018$1.4MM$1.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$151.00K$157.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$62.00K$106.00K
Real Estate OwnedQ3 2019vs Q3 2018$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.

Hampton Roads Educators’ Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Share Savings Account
0.05%$5-Youth Share Account
0.05%--Vacation Club Account
0.05%--Holiday Club Account

Hampton Roads Educators’ Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$50k*-Tiered Money Market Savings Account
OTHER TIERS: 0.60% $2.5k - $25k | 0.70% $25k - $50k

Hampton Roads Educators’ Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-36 Month Share Certificate
2.02%$200-36 Month Youth Share Certificate
1.51%$500-24 Month Share Certificate
1.51%$200-24 Month Youth Share Certificate
1.26%$500-12 Month Share Certificate
1.26%$200-12 Month Youth Share Certificate
Locations


Hampton Roads Educators’ Credit Union Locations
Branch Office2130 Cunningham DrHampton, VA 23666

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