Hampton Roads Educators’ Credit Union is headquartered in Hampton and is the 69th largest credit union in the state of Virginia. It is also the 2,765th largest credit union in the nation. It was established in 1954 and as of June of 2019, it had grown to 12 employees and 5,185 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
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66913 |
| Year Chartered | 1954 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 5.14% |
| Annual Interest Income | $695.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $33.3MM$33.9MM |
| Loans | Q2 2019vs Q2 2018 | $14.9MM$13.5MM |
| Deposits | Q2 2019vs Q2 2018 | $30.9MM$31.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $1.8MM$1.6MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $138.00K$143.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $41.00K$97.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $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.
Hampton Roads Educators’ Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| Hampton Roads Educators’ Credit Union Locations | ||
|---|---|---|
| Branch Office | 2130 Cunningham Dr | Hampton, VA 23666 |