Overview / Commentary
1700 Robin Hood Rd
Richmond, VA 23220

RVA Financial is headquartered in Richmond and is the 63rd largest credit union in the state of Virginia. It is also the 2,145th largest credit union in the nation. It was established in 1950 and as of September of 2018, it had grown to 31 employees and 13,120 members at 2 locations. RVA Financial's CD rates are 11% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school, and worship in the city of Richmond, Virginia and the surrounding counties of Goochland, Chesterfield, Hanover, and Henrico. (Membership requirements are listed in the online application)
See current membership details

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Reviews (2)

Poor Review

Posted by: rwyatt | May 30, 2015

I've resided in Richmond since returning back in 2000, and joined this Credit Union (formerly VaCap) due to ex-wife's involvement. Since then I've had nothing but raving reviews until the last 6 months. After moving to Southside Richmond, I maintained an account and a branch were opened to accommodate Southside residents. This was great! Except within the last couple months, this branch closed with no apparent explanation and now Southside residents are left to drive across town for any banking transactions. To make matters worse, Branch hours are only Monday-Friday (9a-5p,) when most adults are working. So in order to accommodate the working class (99%) most people are now forced to take off work just to make any transactions.
It appears that this Credit Union is geared towards keeping members out of the institution (forcing online transactions) when most people prefer face-to-face communications, or have transactions requiring walk-in. I’ve carried around business checks for two weeks simply because the hours are not accommodating, and I cannot afford to take off “just to” make a banking transaction.
This is poor service and doesn’t reflect a business looking out for its members. I’ve been a member for about fifteen years, and as soon as I switch over my direct deposit transactions, I will be closing this account. I want a bank more geared towards its members needs, after all, that’s why you’re in business.

Very Disappointed......

I had to roll over an old car loan into my new car purchase spoke with loan officer and was told what amount I could get and we discussed everything of what would be included. Unfortunately, that never happened and now I have two car payments.....don't trust the professional!!!!!

Wouldn't recommend them ever there so small they of a FCU they should work with you....

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. RVA Financial has a relatively low asset base.

Health Grade Components

NCUA #6878
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD9.69%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$60.0MM$63.9MM
LoansQ3 2018vs Q3 2017$40.1MM$40.2MM
DepositsQ3 2018vs Q3 2017$53.5MM$58.8MM
Equity CapitalQ3 2018vs Q3 2017$4.9MM$4.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$774.00K$952.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$498.00K$422.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not RVA Financial; 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.

RVA Financial Savings Account Rates

0.15%*$1.5k*-Primary Shares
OTHER TIERS: 0.10% $500 - $1.5k
0.15%*$10k*-IRA Share Savings
OTHER TIERS: 0.10% $500 - $10k
0.05%$200-Holiday Club

RVA Financial Money Market Rates

0.20%*$50k*-Super Money Market
OTHER TIERS: 0.10% $10k - $25k | 0.15% $25k - $50k
0.05%$1.5k-Money Market

RVA Financial Checking Account Rates

1.00%-$1kRVA Premier Checking Account

RVA Financial CD Rates

1.87%$1k-60 Month Share Certificate
1.76%$1k-48 Month Share Certificate
1.51%$1k-36 Month Share Certificate
1.26%$1k-24 Month Share Certificate
1.00%$1k-12 Month Share Certificate
0.60%$1k-6 Month Share Certificate
0.10%$1k-3 Month Share Certificate

RVA Financial IRA Rates

1.87%$1k-60 Month IRA Share Certificate
1.76%$1k-48 Month IRA Share Certificate
1.51%$1k-36 Month IRA Share Certificate
1.26%$1k-24 Month IRA Share Certificate
1.00%$1k-12 Month IRA Share Certificate
0.60%$1k-6 Month IRA Share Certificate
0.10%$1k-3 Month IRA Share Certificate

RVA Financial Locations
Branch Office1700 Robin Hood RdRichmond, VA 23220
Branch OfficeCity Hall 900 E Broad StRichmond, VA 23219-1907

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