UVA Community Credit Union is headquartered in Charlottesville and is the 12th largest credit union in the state of Virginia. It is also the 321st largest credit union in the nation. It was established in 1954 and as of December of 2019, it had grown to 246 employees and 70,908 members at 21 locations. UVA Community Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in University of Virginia Community Credit Union is open to those who live or work in Albemarle, Culpeper, Fauquier, Fluvanna, Greene, Louisa, Madison, Nelson, Orange or Rappahannock Counties in Virginia or in the City of Charlottesville, Virginia.
See current membership details
Banking with UVa Credit Union
UVa Credit Union was a good bank overall. I used a debit card with them and had a savings and checking account. When I traveled to Italy they made it very easy for me to access my money without any problems. They had good online banking, however I think they were late in the game for getting the online check deposit and whenever I went to the ATM window at the bank to deposit checks that way it was always broken which was frustrating so I would have to go in with my checks until they eventually got the app and could deposit checks with your phone. I also did not like how it was difficult to transfer money to people with different banks. I have Wells Fargo now and it is a lot easier to transfer people money that do not have the same bank as me. I really enjoyed having a checking and savings account with them. There were never hidden fees, they had a small minimum amount for each account and I could transfer money between the two accounts very easily and at any time. This made balancing my money a lot easier. I would have kept an account with them if I had stayed in that area but when I moved there were no Credit Unions so I got a Wells Fargo account. They workers at UVa Credit Union were also always polite and ready to help me with any problems.
UVA Community Credit Union is great
I've been a customer of the UVA community credit union for over 10 years. I think it's a great local bank and I love the ease of doing business with them. I have a savings and checking account through the UVA credit union. My paycheck is directly deposited into my account. I have never encountered any errors with my money. The website is easy to navigate and I use the bill pay option, which is easy and convenient. Their mobile app makes it easy for me to deposit checks, so I rarely have to visit a branch. Speaking of branches, there are plenty in my area. There is one within a 5 minute drive of my work, as well as one of their atm's inside my work building. There is also one within a 10 minute drive of my home, as well as several other branches scattered throughout my home town. So finding a local atm is easy and helps prevent having to pay atm fees.
I've only had one incident with them, which was my fault and demonstrates how strong their security is. I traveled out of the country and forget to alert them to my travels. So when I tried to pull cash out of an atm, the transaction was denied. I was able to email them and explain that I was out of the country, so they lifted the block on my account and I was able to use the atm. While inconvenient at the time, I realize that they were protecting my account since it was unusual for my atm card to be used in another country.
I've had a great experience with the UVA community credit union and plan to be their customer for a long time.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62504 |
| Year Chartered | 1954 |
| Employees | 246 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 6.04% |
| Annual Interest Income | $33.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.03B$954.2MM |
| Loans | Q4 2019vs Q4 2018 | $536.8MM$494.5MM |
| Deposits | Q4 2019vs Q4 2018 | $892.4MM$840.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $112.5MM$94.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $3.3MM$3.6MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.2MM$1.3MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $46.00K$209.00K |
