Virginia Credit Union is headquartered in North Chesterfield and is the 4th largest credit union in the state of Virginia. It is also the 71st largest credit union in the nation. It was established in 1928 and as of June of 2024, it had grown to 748 employees and 331,829 members at 23 locations. Virginia Credit Union's money market rates are 7X the national average, and it has a B health rating.
Membership in Virginia Credit Union is open to anyone through membership in the Friends of the Central Rappahannock Regional Library ($10 membership fee), Friends of the Chesterfield County Public Library ($15 membership fee), or Friends of the Henrico County Public Library ($10 membership fee). Membership is also open to those who live, work, attend school or worship in Buckingham, Cumberland, Nottoway or Prince Edward Counties and the City of Richmond, Petersburg, Hopewell, or Fredericksburg and to employees and retirees of the Commonwealth of Virginia, any county, city or town government, or public school system in Virginia, any Virginia state-funded college or university, Randolph-Macon College, University of Richmond, or Virginia Union University, and employees of the credit union's Select Employer Group.
See current membership details
They're the worst institution that I've dealt with. They're a cliche of long customer service hold times, repeat transfers, and unhelpful personnel. They'll send you in circles over and over and they aren't easily accessible. And you'll need customer service A LOT with them, unfortunately. They move around their online platforms and processes, rife with bugs and crashes. You can update your address or phone number on their website 10 times and it still won't stick, and then they'll lock you out if you don't enter the outdated information that lingers in their system. Seriously, dealing with these guys is not worth the impact on your mental health.
Overall | |
---|---|
NCUA # | 66836 |
Year Chartered | 1928 |
Employees | 748 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.4% |
Return on Equity - YTD | 5.13% |
Annual Interest Income | $144.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $5.3B$5.15B |
Loans | Q2 2024vs Q2 2023 | $3.82B$3.53B |
Deposits | Q2 2024vs Q2 2023 | $4.45B$4.44B |
Equity Capital | Q2 2024vs Q2 2023 | $407.4MM$367.4MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $63.9MM$54.9MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $41.4MM$23.5MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.75% | $100 | - | Health Savings Account | ||
0.50%* | $500* | - | Regular Savings Account | ||
OTHER TIERS: 0.05% → $100 - $500 |