RVA Financial is headquartered in Richmond and is the 54th 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 June of 2023, it had grown to 18 employees and 9,079 members at 2 locations. RVA Financial has a B+ health rating.
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
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.
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....
Overall | |
---|---|
NCUA # | 6878 |
Year Chartered | 1950 |
Employees | 18 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.18% |
Return on Equity - YTD | 1.88% |
Annual Interest Income | $1.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $77.8MM$80.0MM |
Loans | Q2 2023vs Q2 2022 | $55.9MM$44.9MM |
Deposits | Q2 2023vs Q2 2022 | $68.9MM$71.6MM |
Equity Capital | Q2 2023vs Q2 2022 | $7.6MM$7.4MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $240.00K$470.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $279.00K$123.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $10k | - | Money Market | |
0.05% | $10k | - | Super Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.00% | - | $3k | RVA Premier Checking Account | |
2.00% | - | - | RVA Empowerment Checking Account |
RVA Financial Locations | ||
---|---|---|
Branch Office | 1700 Robin Hood Rd | Richmond, VA 23220 |
Branch Office | City Hall 900 E Broad St | Richmond, VA 23219-1907 |