Overview / Commentary
URW Community Federal Credit Union is headquartered in Danville and is the 33rd largest credit union in the state of Virginia. It is also the 1,091st largest credit union in the nation. It was established in 1970 and as of June of 2020, it had grown to 42 employees and 30,867 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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19867 |
| Year Chartered | 1970 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 10.73% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $216.8MM$198.7MM |
| Loans | Q2 2020vs Q2 2019 | $148.4MM$154.3MM |
| Deposits | Q2 2020vs Q2 2019 | $192.7MM$176.5MM |
| Equity Capital | Q2 2020vs Q2 2019 | $22.7MM$20.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.7MM$2.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.4MM$1.3MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $265.00K$265.00K |
