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Overview / Commentary
804-323-6800
7500 Boulder View Dr
North Chesterfield, VA 23225-4046

Virginia Credit Union is headquartered in North Chesterfield and is the 3rd largest credit union in the state of Virginia. It is also the 57th largest credit union in the nation. It was established in 1928 and as of March of 2018, it had grown to 668 employees and 267,891 members at 20 locations. Virginia Credit Union's money market rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

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

Reviews (8)

Great Institution

I have really enjoyed banking with Virginia Credit Union. I moved to them after being unhappy with Wells Fargo. It was very easy to become a member since a both work and live in the city of Richmond. They came to my place of employment and helped me set up my checking and savings account. At the time I was also thinking about getting a home equity loan and they were very good at helping me understand how the process works. The customer service here is amazing. They have very reasonable interest rates. For being a credit union they have many locations that are very convenient to me. I will be selling my home and purchasing a new one soon and will be getting my mortgage through them.

The Best Credit Union of all time!!!

I have been a member of VACU for over 20 years and my experiences with the VACU as it relates to the institution's deposit accounts (Savings and Checking) has truly been spectacular!!! The service, products, and customer service are exceptional and in a league of their own. Opening a regular checking account is free and requires no minimum balance. Opening of a savings account only requires $5.00 and there is no monthly maintenance fee nor service charge fee which allows me to save even more. Every time I call or even visit the location the clerks and customer service agents are friendly, professional, and always willing to help. VACU is the best credit union of all time and I would recommend them to everyone. A++++ service!

Always Great Service

As a member of Virginia Credit for over 15 years now, I can say how wonderful their service is. Although I opened the account when I lived in VA, I moved out of state many years ago, but kept my accounts. Having to make deposits from far away, they have made this process so smooth. Not only have they provided me with special envelopes for mailing my deposits, they have been very courteous any time I have contacted them to verify my deposits. I was worried that it would take long for my deposits to be credited, but within a few days (to account for mailing) they were posted and available. I love how easy the envelope is -it contains a tear away deposit slip so that all I have to do is fill out that little part and place all inside the envelope. The envelope is already addressed for the correct department. Virginia Credit Union definitely knows how to take extra measures to save their customers some time and stress.

No minimums

Posted by: SDJ | Aug 21, 2014

There are no minimums for the regular checking account. That is something you won't see at a bank. Even other credit unions have some sort of minimum like five dollars but not Virginia Credit Union. This means if I am having a difficult month I won't be penalized for draining my account down to zero.

Also, the ATM fees are nearly non existent. They will reimburse you up to 8 dollars for a month if you get your money from a non VACU ATM. If you get it from an authorized ATM then it's free always. They also have competitive products and are reasonably located for me.

Great local credit union that knows the needs of its local members

My experience with Virginia Credit Union has been nothing but great. They have mobile deposit for my checks and an app for me to move money on the go. I can link all of my accounts and if I ever have an issue they have a number that I can call to get someone on the phone right away. This happened to me before and I was able to call them and someone answered and addressed my concerns in less than 5 minutes! I am allowed to withdraw money anywhere in the world at an ATM and they even credit certain ATM charges back. Every time I go to the local branch the tellers are nothing but friendly and answer any questions that I have. They have many branches around town making it easy for me to conduct my banking needs on the go. I would highly recommend Virginia Credit Union to anyone I know.

Virginia Credit Union

I used to bank with Virginia Credit Union. It was a nice starter account, had a bit of interest on it. However, there was no such thing as a free account unless you had a large amount in the account for the month. This was a major drawback for a student. Also, there were not many ATMs that were free to use, because the ATM network was very small and those fees add up. The idea of not using a huge corporate bank was great until the inconvenient truth set in. Also, when trying to close my account it was a hassle, because you can't do it over the phone without verifying your address for the last 3 years, down to the apartment letter. Sorry, but I don't keep track of the apartment letter I lived in years ago.

Not The Best

Posted by: Jamaal | Mar 11, 2015

My experiences with Virginia Credit Union are not the best experiences. I feel like I am very limited when it comes to banking with Virginia Credit Union. I am originally from south Georgia so when I go home to visit my family, I have trouble with my credit union account. I have been locked out of my account on multiple occasions. The reason that I get locked out of my account is because I use my card in multiple states on my driving commute to Georgia. The bank looked at this activity as being suspicious. Needless to say I had to wait until a week day to contact the bank and complain about being locked out. i would not recommend this bank to anyone who travels a lot because you will run into some trouble when using your account. It would be better to withdraw the money that you will need.

Lack Of Help On Mortgage

Posted by: lewisroy | Mar 21, 2012

I ask for help on my mortgage and only after I got behind did I get any help and by then me credit rateing was shot now I have no credit and my car ins went up as well if I had goting help when I ask for my credit would not be hurt

that my 2 cent worth



Health
B+

Health Grade Components

Overall
NCUA #66836
Year Chartered1928
Employees668
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD7.86%
Annual Interest Income$36.2MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$3.54B$3.39B
LoansQ1 2018vs Q1 2017$2.43B$2.27B
DepositsQ1 2018vs Q1 2017$2.91B$2.78B
Equity CapitalQ1 2018vs Q1 2017$304.8MM$284.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$28.6MM$23.6MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$21.7MM$15.9MM
Real Estate OwnedQ1 2018vs Q1 2017$294.00K$1.0MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Virginia Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Virginia Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-Health Savings Account
0.30%*$500*-Savings Account
OTHER TIERS: 0.05% $100 - $500

Virginia Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$250k*-Premium Plus Money Market
OTHER TIERS: 0.05% $100 - $25k | 0.75% $25k - $50k | 0.80% $50k - $100k | 0.90% $100k - $250k
0.55%*$10k*-Premium Money Market
OTHER TIERS: 0.05% $100 - $10k

Virginia Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$5k*-Checking Plus
OTHER TIERS: 0.05% Up to $5k
0.40%*$5k*-Extra Credit Checking (age 15-22)
OTHER TIERS: 0.05% Up to $5k
0.40%*$5k*-Enhanced Benefit Checking
OTHER TIERS: 0.05% Up to $5k

Virginia Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.21%*$50k*-60 Month CD
OTHER TIERS: 2.15% $500 - $50k
1.95%*$50k*-48 Month CD
OTHER TIERS: 1.90% $500 - $50k
1.80%*$50k*-36 Month CD
OTHER TIERS: 1.75% $500 - $50k
1.55%*$50k*-24 Month CD
OTHER TIERS: 1.50% $500 - $50k
1.30%*$50k*-12 Month CD
OTHER TIERS: 1.25% $500 - $50k
0.90%*$50k*-6 Month CD
OTHER TIERS: 0.85% $500 - $50k

Virginia Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.21%*$50k*-60 Month IRA
OTHER TIERS: 2.15% $100 - $50k
1.95%*$50k*-48 Month IRA
OTHER TIERS: 1.90% $100 - $50k
1.80%*$50k*-36 Month IRA
OTHER TIERS: 1.75% $100 - $50k
1.55%*$50k*-24 Month IRA
OTHER TIERS: 1.50% $100 - $50k
1.35%*$50k*-18 Month Variable IRA
OTHER TIERS: 1.30% $100 - $50k
1.30%*$50k*-12 Month IRA
OTHER TIERS: 1.25% $100 - $50k
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