Overview / Commentary
URW Community Federal Credit Union is headquartered in Danville and is the 34th largest credit union in the state of Virginia. It is also the 1,139th largest credit union in the nation. It was established in 1970 and as of June of 2021, it had grown to 55 employees and 33,470 members at 11 locations. URW Community Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in URW Community Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in Virginia counties of Halifax, Henry or Pittsylvania, or Caswell County, North Carolina, or the Virginia cities Danville or Martinsville. Immediate family of current URWCFU members also qualify for membership.
See current membership details
Health
A
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19867 |
| Year Chartered | 1970 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.68% |
| Return on Equity - YTD | 14.53% |
| Annual Interest Income | $5.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $231.8MM$216.8MM |
| Loans | Q2 2021vs Q2 2020 | $140.7MM$148.4MM |
| Deposits | Q2 2021vs Q2 2020 | $199.7MM$192.7MM |
| Equity Capital | Q2 2021vs Q2 2020 | $26.8MM$22.7MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $880.00K$1.7MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $2.3MM$1.4MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $379.00K$265.00K |
