New Generations Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.76% | 5-year CD | 5 Year Share Certificate 1.85% - Synchrony Bank 60 Month CD |
| 0.65% | 1-year CD | 1 Year Share Certificate 1.05% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Primary Shares 1.00% - Ally Bank Online Savings Account |
New Generations Federal Credit Union is headquartered in Richmond and is the 60th largest credit union in the state of Virginia. It is also the 2,044th largest credit union in the nation. It was established in 1950 and as of June of 2016, it had grown to 33 employees and 13,574 members at 3 locations. New Generations Federal Credit Union 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
See current membership details
Related Posts
Poor Review
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....
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6878 |
| Year Chartered | 1950 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.06% |
| Return on Equity - YTD | -0.75% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $64.1MM$61.7MM |
| Loans | Q2 2016vs Q2 2015 | $46.2MM$39.1MM |
| Deposits | Q2 2016vs Q2 2015 | $58.6MM$55.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $5.1MM$5.3MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $585.00K$419.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.1MM$270.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not New Generations 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.
New Generations Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20% | - | - | IRA Share Savings | ||
| 0.10%* | $1,500* | - | Primary Shares | ||
| OTHER TIERS: 0.05% → $500 - $1,500 | |||||
| 0.10%* | $500* | - | Youth Account | ||
| OTHER TIERS: 0.05% → Up to $500 | |||||
| 0.05% | $200 | - | Holiday Club | ||
| 0.05% | $200 | - | Vacation Club | ||
New Generations Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Super Money Market | ||
| OTHER TIERS: 0.15% → $10k - $50k | 0.20% → $50k - $100k | |||||
| 0.05% | $1,500 | - | Money Market | ||
New Generations Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Reward Checking |
New Generations Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.76% | $1k | - | 5 Year Share Certificate | |
| 1.26% | $1k | - | 3 Year Share Certificate | |
| 0.85% | $1k | - | 2 Year Share Certificate | |
| 0.65% | $1k | - | 1 Year Share Certificate | |
| 0.10% | $1k | - | 6 Month Share Certificate | |
| 0.05% | $1k | - | 90 Day Share Certificate |
New Generations Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.76% | $1k | - | 5 Year IRA Share Certificate | |
| 1.26% | $1k | - | 3 Year IRA Share Certificate | |
| 0.85% | $1k | - | 2 Year IRA Share Certificate | |
| 0.65% | $1k | - | 1 Year IRA Share Certificate | |
| 0.10% | $1k | - | 6 Month IRA Share Certificate | |
| 0.05% | $1k | - | 90 Day IRA Share Certificate |
| New Generations Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1700 Robin Hood Rd | Richmond, VA 23220 |
| Branch Office | City Hall 900 E Broad St | Richmond, VA 23219-1907 |
| Branch Office | 801 Branchway Rd | North Chesterfield, VA 23236-3903 |