Roanoke Valley Community Credit Union

Overview / Commentary

www.rvccu.org

540-982-3931

723 5th ST NE
Roanoke, VA 24016

Roanoke Valley Community Credit Union is headquartered in Roanoke and is the 50^th largest credit union in the state of Virginia. It is also the 1,850^th largest credit union in the nation. It was established in 1947 and as of June of 2020, it had grown to 15 employees and 9,785 members at 4 locations. Roanoke Valley Community Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, or work, or go to school, or worship in Roanoke City, or Roanoke County, or Vinton, or Salem, or Botetourt.
See current membership details

Reviews (1)

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Terrible!!!

Posted by: Angela Beasley | Jun 10, 2014

This Credit Union helps themselves to you money when they feel the need, bounces your checks despite your overdraft protection and closes your account when they feel the need. Oh and I can't forget to mention they like to repossess your car 7 days before the payment is even due and not even late. The BBB had a field day with them! Take your money and RUN!!!!!

Comment

Health

Data as of Q2 2020

Learn why bank health matters

Additional 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. Roanoke Valley Community Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	5604
Year Chartered	1947
Employees	15
Primary Regulator

Profit Margin
Return on Assets - YTD	1.05%
Return on Equity - YTD	9.03%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$87.4MM$80.4MM
Loans	Q2 2020vs Q2 2019	$40.3MM$39.2MM
Deposits	Q2 2020vs Q2 2019	$77.3MM$70.7MM
Equity Capital	Q2 2020vs Q2 2019	$9.9MM$9.1MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$197.00K$154.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$310.00K$310.00K
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Savings
Money Market
CD

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Always verify rates and promotions with the bank or credit union. We are not Roanoke Valley Community 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.

Roanoke Valley Community Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	IRA Account
0.20%	-	-	Summer Pay Account
0.15%^*	$20k^*	-	Secondary Share Account
OTHER TIERS: 0.10% → $250 - $20k
0.15%	-	-	Club Account (Christmas, Cookie Jar, Car Club)
0.15%^*	$20k^*	-	Primary Share Account
OTHER TIERS: 0.10% → $250 - $20k

Roanoke Valley Community Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.15% → $2k - $10k \| 0.20% → $10k - $50k

Roanoke Valley Community Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$50k^*	-	36 Month CD
OTHER TIERS: 0.30% → $2.5k - $5k \| 0.35% → $5k - $10k \| 0.65% → $10k - $25k \| 0.70% → $25k - $50k
0.55%^*	$50k^*	-	24 Month CD
OTHER TIERS: 0.20% → $2.5k - $5k \| 0.25% → $5k - $10k \| 0.45% → $10k - $25k \| 0.50% → $25k - $50k
0.30%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.15% → $2.5k - $5k \| 0.20% → $5k - $10k \| 0.25% → $10k - $50k

Locations

Roanoke Valley Community Credit Union Locations
Branch Office	723 5th St NE	Roanoke, VA 24016-2123
Branch Office	1340 Roanoke Blvd	Salem, VA 24153
Branch Office	4218 Brambleton Ave	Roanoke, VA 24018
Branch Office	605 Abney Rd	Roanoke, VA 24012

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