Hopewell Chemical Federal Credit Union


Overview / Commentary
804-452-2480
702 Elm St
Hopewell, VA 23860

Hopewell Chemical Federal Credit Union is headquartered in Hopewell and is the 59th largest credit union in the state of Virginia. It is also the 2,416th largest credit union in the nation. It was established in 1965 and as of March of 2025, it had grown to 9 employees and 3,265 members at 3 locations. Hopewell Chemical Federal Credit Union's CD rates are 4X the national average, and it 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
B+
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 relatively low asset base.

Health Grade Components

Overall
NCUA #16605
Year Chartered1965
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD8.6%
Annual Interest Income$480K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$51.7MM$52MM
LoansQ1 2025vs Q1 2024$23MM$22.9MM
DepositsQ1 2025vs Q1 2024$45.6MM$46.1MM
Equity CapitalQ1 2025vs Q1 2024$5.2MM$4.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$74K$78K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$67K$148K
Real Estate OwnedQ1 2025vs Q1 2024$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.

Hopewell Chemical Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$5k*-Regular Share Account
OTHER TIERS: 0.05% $500 - $5k

Hopewell Chemical Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.70%$1k-36 Month Share Certificate
3.50%$1k-24 Month Share Certificate
3.40%$1k-12 Month Share Certificate
Locations


Hopewell Chemical Federal Credit Union Locations
Branch Office702 Elm StHopewell, VA 23860
Branch Office2000 Richmond HwyRichmond, VA 23224-7608
Corporate Office1601 Ownby LnRichmond, VA 23220-1318

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