Hopewell Chemical Federal Credit Union

Overview / Commentary

www.hopechemfcu.org

804-452-2480

702 Elm St
Hopewell, VA 23860

Hopewell Chemical Federal Credit Union is headquartered in Hopewell and is the 68^th largest credit union in the state of Virginia. It is also the 2,607^th largest credit union in the nation. It was established in 1965 and as of December of 2018, it had grown to 10 employees and 3,574 members at 3 locations. Hopewell Chemical Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Hopewell Chemical Federal Credit Union is open to employees/pensioners/annuitants from several Select Employer Groups in Richmond, Virginia area.
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Health

Data as of Q4 2018

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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. Hopewell Chemical Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	16605
Year Chartered	1965
Employees	10
Primary Regulator

Profit Margin
Return on Assets - YTD	0.35%
Return on Equity - YTD	3.57%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$37.9MM$38.1MM
Loans	Q4 2018vs Q4 2017	$16.8MM$16.8MM
Deposits	Q4 2018vs Q4 2017	$33.5MM$33.9MM
Equity Capital	Q4 2018vs Q4 2017	$3.7MM$3.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$45.00K$32.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$108.00K$167.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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CD

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

Hopewell Chemical Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$5k^*	-	Regular Share Account
OTHER TIERS: 0.20% → $500 - $5k

Hopewell Chemical Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	48 Month Share Certificate
1.15%	$1k	-	36 Month Share Certificate
1.00%	$1k	-	24 Month Share Certificate
0.75%	$1k	-	18 Month Share Certificate
0.65%	$1k	-	12 Month Share Certificate

Locations

Hopewell Chemical Federal Credit Union Locations
Branch Office	702 Elm St	Hopewell, VA 23860
Branch Office	3600 Discovery Dr	Chester, VA 23836
Branch Office	2000 Jefferson Davis Hwy	Richmond, VA 23224

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