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

Hampton Roads Educators’ Credit Union is headquartered in Hampton and is the 71st largest credit union in the state of Virginia. It is also the 2,757th largest credit union in the nation. It was established in 1954 and as of June of 2018, it had grown to 13 employees and 5,465 members at 1 location. Hampton Roads Educators’ Credit Union's money market rates are 2X the national average, and it 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
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
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD-0.12%
Return on Equity - YTD-2.57%
Annual Interest Income$652.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$33.9MM$32.8MM
LoansQ2 2018vs Q2 2017$13.5MM$13.0MM
DepositsQ2 2018vs Q2 2017$31.9MM$31.2MM
Equity CapitalQ2 2018vs Q2 2017$1.6MM$1.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$143.00K$170.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$97.00K$37.00K
Real Estate OwnedQ2 2018vs Q2 2017$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
1.51%--36 Month Share Certificate
1.26%--24 Month Share Certificate
1.00%--1 Year Share Certificate
Locations


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

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