Overview / Commentary
URW Community Federal Credit Union is headquartered in Danville and is the 36th largest credit union in the state of Virginia. It is also the 1,169th largest credit union in the nation. It was established in 1970 and as of June of 2022, it had grown to 49 employees and 33,012 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19867 |
| Year Chartered | 1970 |
| Employees | 49 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.14% |
| Return on Equity - YTD | 8.97% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $228.5MM$231.8MM |
| Loans | Q2 2022vs Q2 2021 | $157.2MM$140.7MM |
| Deposits | Q2 2022vs Q2 2021 | $196.6MM$199.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $28.8MM$26.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $761.00K$880.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.6MM$2.3MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$379.00K |
