Overview / Commentary
RVA Financial is headquartered in Richmond and is the 53rd largest credit union in the state of Virginia. It is also the 2,074th largest credit union in the nation. It was established in 1950 and as of March of 2025, it had grown to 25 employees and 10,719 members at 2 locations. RVA Financial has a B+ 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, Henrico and Hanover. Immediate family are also eligible.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| NCUA # | 6878 |
| Year Chartered | 1950 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 7.86% |
| Annual Interest Income | $911K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $76.2MM$81.2MM |
| Loans | Q1 2025vs Q1 2024 | $51.3MM$53.5MM |
| Deposits | Q1 2025vs Q1 2024 | $65.3MM$67.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $8.9MM$7.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $501K$375K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $207K$326K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |