Henrico Federal Credit Union

Overview / Commentary

804-266-0290

9401 W Broad St
Henrico, VA 23294

Henrico Federal Credit Union is headquartered in Henrico and is the 28^th largest credit union in the state of Virginia. It is also the 848^th largest credit union in the nation. It was established in 1967 and as of September of 2019, it had grown to 79 employees and 32,386 members at 9 locations. Henrico Federal Credit Union's CD rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in the counties of Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, King & Queen, King William, Louisa, New Kent, Powhatan, Prince George, or Sussex, and the cities of Ashland, Colonial Heights, Hopewell, Petersburg, or Richmond.
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Reviews (1)

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Great local credit union

Posted by: taracalderon | May 29, 2017

We've been members of this credit union since 2008. We have savings and checking accounts setup along with 2 of our children. Whenever there has been a question about either online banking or direct deposits they have been very helpful. The only shortcoming is that there are not a lot of ATM's and they don't handle business accounts at all. I like the fact that they have multi-factor security with online banking and that they seem to take security very seriously. Some banks, at least the bigger ones, don't seem to care one way or the other. I also like the fact that they are not always trying to sell us something. The rates on loans have been very competitive. We borrowed money for a car back in 2012. Like I said; a great local credit union for Richmond, VA!

Comment

Health

B+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	18175
Year Chartered	1967
Employees	79
Primary Regulator

Profit Margin
Return on Assets - YTD	0.82%
Return on Equity - YTD	10.57%
Annual Interest Income	$7.7MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$288.7MM$269.3MM
Loans	Q3 2019vs Q3 2018	$189.4MM$171.1MM
Deposits	Q3 2019vs Q3 2018	$264.6MM$247.5MM
Equity Capital	Q3 2019vs Q3 2018	$22.2MM$20.1MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$1.4MM$1.3MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$2.4MM$2.2MM
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

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Savings
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Henrico Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Henrico Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$100	-	IRA Savings
0.25%^*	$500^*	-	Share/Savings
OTHER TIERS: 0.10% → $100 - $500
0.25%^*	$500^*	-	Vacations Club
OTHER TIERS: 0.10% → $100 - $500
0.25%^*	$500^*	-	Holidays Club
OTHER TIERS: 0.10% → $100 - $500
0.25%^*	$500^*	-	Special Events Club
OTHER TIERS: 0.10% → $100 - $500
0.25%^*	$500^*	-	School Expenses Club
OTHER TIERS: 0.10% → $100 - $500

Henrico Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$100k^*	-	Invest Checking
OTHER TIERS: 0.25% → $2.5k - $10k \| 0.50% → $10k - $25k \| 0.75% → $25k - $100k
0.25%^*	$5k^*	-	Select Checking
OTHER TIERS: 0.10% → $1k - $5k

Henrico Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
6.00%	$100	$1k	12 Month Youth CD
1.90%^*	$5k^*	-	36 Month CD
OTHER TIERS: 1.40% → $500 - $1k \| 1.65% → $1k - $5k
1.90%^*	$5k^*	-	24 Month CD
OTHER TIERS: 1.40% → $500 - $1k \| 1.65% → $1k - $5k
1.90%^*	$5k^*	-	12 Month CD
OTHER TIERS: 1.40% → $500 - $1k \| 1.65% → $1k - $5k
1.50%^*	$5k^*	-	6 Month CD
OTHER TIERS: 1.00% → $500 - $1k \| 1.25% → $1k - $5k

Locations

Henrico Federal Credit Union Locations
Branch Office	1201 N Laburnum Ave	Richmond, VA 23223
Branch Office	3820 Nine Mile Rd	Richmond, VA 23223
Branch Office	7101 Jefferson Davis Hwy	North Chesterfield, VA 23237-1521
Branch Office	10401 Woodman Rd	Glen Allen, VA 23060
Branch Office	8611 Dixon Powers Dr	Henrico, VA 23228
Branch Office	9401 W Broad St	Henrico, VA 23294
Corporate Office	9351 W Broad St	Henrico, VA 23294
Branch Office	6002 S Laburnum Ave	Henrico, VA 23231
Branch Office	4690 Pouncey Tract Rd	Glen Allen, VA 23059

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