Overview / Commentary
3701 Bonney Rd
Virginia Beach, VA 23452-3405

Virginia Beach Schools Federal Credit Union is headquartered in Virginia Beach and is the 46th largest credit union in the state of Virginia. It is also the 1,691st largest credit union in the nation. It was established in 1960 and as of September of 2018, it had grown to 29 employees and 7,528 members at 3 locations. Virginia Beach Schools Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees and students of the Virginia Beach City Public School System and faculty, staff, and students of other select school systems.
See current membership details

Reviews (1)

VBSFCU Great Customer Service

Posted by: mm2 | Mar 13, 2011

As a teacher with the city of Virginia Beach, I feel lucky to belong to the credit union. No matter what branch I go to, everyone is helpful and friendly.  When I needed financing for my new car, I checked with VBSFCU and they had some of the most competetive rates. They will periodically send you information about skipping a loan payment during the holidays, etc. This is really helpful during times that you could use a little extra cash! My only complaint is that the website is not a user friendly as it could be. I feel like there are way too many clicks needed to check my balance. However, when I checked my balance the other day, there was a message that said they were making some changes to the site...so hopefully this will no longer be an issue. All in all I enjoy the personal service offered by VBSFCU and would reccommend it to all who are eligible.

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. Virginia Beach Schools Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #13772
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD9.07%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$92.1MM$94.2MM
LoansQ3 2018vs Q3 2017$40.6MM$36.7MM
DepositsQ3 2018vs Q3 2017$85.2MM$87.7MM
Equity CapitalQ3 2018vs Q3 2017$5.9MM$5.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$682.00K$643.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$599.00K$45.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Virginia Beach Schools Federal Credit Union Savings Account Rates

0.05%--Individual Retirement Account
0.05%$100-Prime Share
0.05%$5-Youth Share
0.05%$200-Holiday Club
0.05%$300-Summer Club

Virginia Beach Schools Federal Credit Union Money Market Rates

0.10%*$50k*-SmartChoice Money Market
OTHER TIERS: 0.07% $5k - $25k | 0.08% $25k - $50k

Virginia Beach Schools Federal Credit Union CD Rates

0.65%$1k-48 Month Term Share Account
0.55%$1k-36 Month Term Share Account
0.45%$1k-24 Month Term Share Account
0.40%$1k-12 Month Compounded Dividend Term Share Account
0.40%$500-12 Month "Builder" Term Share Account
0.40%$250-12 Month Youth Term Share Account
0.40%$1k-12 Month 'Paid to Shares' Term Share Account
0.30%$1k-6 Month Term Share Account

Virginia Beach Schools Federal Credit Union IRA Rates

0.65%$1k-48 Month Term Share IRA
0.55%$1k-36 Month Term Share IRA
0.45%$1k-24 Month Term Share IRA
0.40%$1k-12 Month Term Share IRA

Virginia Beach Schools Federal Credit Union Locations
Branch Office3701 Bonney RdVirginia Beach, VA 23452-3405
Branch Office1625 Salem RdVirginia Beach, VA 23456-5495
Branch Office2122 General Booth BlvdVirginia Beach, VA 23454-5804

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