Overview / Commentary
RVA Financial is headquartered in Richmond and is the 52nd largest credit union in the state of Virginia. It is also the 2,067th largest credit union in the nation. It was established in 1950 and as of September of 2024, it had grown to 23 employees and 9,100 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
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Health
B+
Data as of Q3 2024
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 | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.45% |
| Return on Equity - YTD | 13.4% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $76MM$82.7MM |
| Loans | Q3 2024vs Q3 2023 | $52.6MM$55.3MM |
| Deposits | Q3 2024vs Q3 2023 | $65.9MM$68.8MM |
| Equity Capital | Q3 2024vs Q3 2023 | $8.4MM$7.4MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $422K$331K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $257K$338K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |