Richmond Heritage Federal Credit Union
LOCATIONS
1
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HEALTH RATING
C+
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CURRENT TOP RATE
0.75% APY
12 Month Share CD
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Overview / Commentary
Richmond Heritage Federal Credit Union is headquartered in Richmond and is the 80th largest credit union in the state of Virginia. It is also the 3,844th largest credit union in the nation. It was established in 1936 and as of March of 2022, it had grown to 5 employees and 1,923 members at 1 location. Richmond Heritage Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership in Richmond Heritage Federal Credit Union is open to those who live, worship, or work in the communities of Blackwell, Swansboro, and Manchester or employees of Richmond Public Schools, Virginia Union University, Metropolitan Business League, Bon secours Richmond Community Hospital, or Association Education Services Corporation of Virginia.
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Health
C+
Data as of Q1 2022
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. Richmond Heritage Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1282 |
| Year Chartered | 1936 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.5% |
| Return on Equity - YTD | -6.08% |
| Annual Interest Income | $77.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $12.1MM$11.7MM |
| Loans | Q1 2022vs Q1 2021 | $3.2MM$3.9MM |
| Deposits | Q1 2022vs Q1 2021 | $7.6MM$10.7MM |
| Equity Capital | Q1 2022vs Q1 2021 | $986.00K$1.0MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $92.00K$107.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $43.00K$130.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |