Hampton Roads Educators’ Credit Union

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Overview / Commentary

www.hrecu.org

757-838-0707

2130 Cunningham Dr
Hampton, VA 23666

Hampton Roads Educators’ Credit Union is headquartered in Hampton and is the 73^rd largest credit union in the state of Virginia. It is also the 2,819^th largest credit union in the nation. It was established in 1954 and as of March of 2017, it had grown to 12 employees and 6,406 members at 1 location. Hampton Roads Educators’ Credit Union has a B health rating.

Field of Membership Restrictions

Hampton Roads Education Credit Union of Virginia is open to the 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 Facility, Poquoson City, Surry County, Williamsburg/James City Count, 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.
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Health

B

Data as of Q1 2017

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

Health Grade Components

Overall
NCUA #	66913
Year Chartered	1954
Employees	12
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.16%
Return on Equity - YTD	-4.08%
Annual Interest Income	$329.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$33.1MM$31.4MM
Loans	Q1 2017vs Q1 2016	$13.2MM$12.9MM
Deposits	Q1 2017vs Q1 2016	$31.4MM$29.9MM
Equity Capital	Q1 2017vs Q1 2016	$1.3MM$1.2MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$188.00K$213.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$31.00K$58.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

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Hampton Roads Educators’ Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$1k	-	Share Savings Account
0.05%	-	-	Youth Share Account
0.05%	-	-	Vacation Club Account
0.05%	-	-	Holiday Club Account

Hampton Roads Educators’ Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	36 Month Share Certificate

Locations

Hampton Roads Educators’ Credit Union Locations
Branch Office	2130 Cunningham Dr	Hampton, VA 23666