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Henrico Federal Credit Union


Overview / Commentary
henricofcu.org
804-266-0290
9401 W Broad St
Henrico, VA 23294

Henrico Federal Credit Union is headquartered in Henrico and is the 28th largest credit union in the state of Virginia. It is also the 837th largest credit union in the nation. It was established in 1967 and as of December of 2019, it had grown to 85 employees and 32,353 members at 9 locations. Henrico Federal Credit Union's CD rates are 28% higher than 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.
See current membership details

Reviews (1)

Great local credit union

Posted by: |

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!

2


Health
B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #18175
Year Chartered1967
Employees85
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD10.52%
Annual Interest Income$10.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$298.6MM$273.3MM
LoansQ4 2019vs Q4 2018$193.6MM$177.0MM
DepositsQ4 2019vs Q4 2018$274.9MM$252.3MM
Equity CapitalQ4 2019vs Q4 2018$22.3MM$19.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.5MM$1.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.6MM$2.7MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-IRA Savings
0.20%*$500*-Share/Savings
OTHER TIERS: 0.05% → $100 - $500
0.20%*$500*-Vacations Club
OTHER TIERS: 0.05% → $100 - $500
0.20%*$500*-Holidays Club
OTHER TIERS: 0.05% → $100 - $500
0.20%*$500*-Special Events Club
OTHER TIERS: 0.05% → $100 - $500
0.20%*$500*-School Expenses Club
OTHER TIERS: 0.05% → $100 - $500

Henrico Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-Invest Checking
OTHER TIERS: 0.20% → $2.5k - $10k | 0.40% → $10k - $25k | 0.60% → $25k - $100k
0.20%*$5k*-Select Checking
OTHER TIERS: 0.05% → $1k - $5k

Henrico Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
6.00%$100$1k12 Month Youth CD
1.35%*$5k*-36 Month CD
OTHER TIERS: 0.85% → $500 - $1k | 1.10% → $1k - $5k
1.20%*$5k*-24 Month CD
OTHER TIERS: 0.70% → $500 - $1k | 0.95% → $1k - $5k
1.15%*$5k*-12 Month CD
OTHER TIERS: 0.65% → $500 - $1k | 0.90% → $1k - $5k
0.60%*$5k*-6 Month CD
OTHER TIERS: 0.10% → $500 - $1k | 0.35% → $1k - $5k
Locations


Henrico Federal Credit Union Locations
Branch Office1201 N Laburnum AveRichmond, VA 23223
Branch Office3820 Nine Mile RdRichmond, VA 23223
Branch Office7101 Jefferson Davis HwyNorth Chesterfield, VA 23237-1521
Branch Office10401 Woodman RdGlen Allen, VA 23060
Branch Office8611 Dixon Powers DrHenrico, VA 23228
Branch Office9401 W Broad StHenrico, VA 23294
Corporate Office9351 W Broad StHenrico, VA 23294
Branch Office6002 S Laburnum AveHenrico, VA 23231
Branch Office4690 Pouncey Tract RdGlen Allen, VA 23059

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