Henrico Federal Credit Union is headquartered in Henrico and is the 26th largest credit union in the state of Virginia. It is also the 798th largest credit union in the nation. It was established in 1967 and as of March of 2022, it had grown to 72 employees and 31,676 members at 10 locations. Henrico Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Henrico Federal Credit Union is open to those who live, work, worship, or go to school in the counties of Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King & Queen, King William, Louisa, New Kent, Powhatan, Prince George, or Sussex, and the cities of Ashland, Colonial Heights, Hopewell, Petersburg, or Richmond.
See current membership details
Great local credit union
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!
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18175 |
| Year Chartered | 1967 |
| Employees | 72 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 9.64% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $419.1MM$389.7MM |
| Loans | Q1 2022vs Q1 2021 | $193.0MM$184.9MM |
| Deposits | Q1 2022vs Q1 2021 | $394.7MM$363.5MM |
| Equity Capital | Q1 2022vs Q1 2021 | $23.5MM$24.4MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $959.00K$1.3MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $1.3MM$1.8MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |