Virginia Educators Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.16% | 5-year CD | 60 Month Share Certificate 1.85% - Synchrony Bank 60 Month CD |
| 0.20% | 1-year CD | 12 Month Share Certificate 1.05% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Prime Share - Apple Plus Members 1.00% - Ally Bank Online Savings Account |
Virginia Educators Credit Union is headquartered in Newport News and is the 61st largest credit union in the state of Virginia. It is also the 2,077th largest credit union in the nation. It was established in 1954 and as of June of 2016, it had grown to 8 employees and 7,287 members at 2 locations. Virginia Educators Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees, students, faculty and alumni of Hampton University; students of Thomas Nelson Community College; students, those employed by educational organizations, and those involved in school auxiliaries in Williamsburg, Newport News; James City County; York County; Isle of Wight County; Gloucester County; Mathews County.
See current membership details
Customer Service Does Not Allow A 5 Star Rating
It is extremely difficult to reach someone at VECU and when you do finally reach someone you are disconnected constantly. This makes paying bills or working out payment extremely difficult. I have also had some very bad experiences with the customer service representatives who were very rude and not very helpful.
A Bank That Cannot Be Reached During Business Hours Is Useless
I have been trying constantly for two days to talk to someone to clear my debit card for use while I am out of the country. Every time I call, I get a recorded message that says they are experiencing high call volume and will return my call. Other banks give you the option to be put on hold. They did return my call--after business hours while I was dining out with friends. Completely unacceptable.
Horrible Bank
This is the worst banking institution i have ever dealt with. You can only call during certain hours for help (& thats even w/a debit card -their help is not 24/7, VECU will only help you when it is convenient for them). If you want to change your address you can only do that by going inside their office (you cant change your address online or over the phone, you either go inside the office or print out an online form fill it out get it notarized & mail it in). If there is a fraud allert (which no one will tell you when you call, you actually have to mention "hey is there a fraud alert on my account") you cant call the bank to release the hold, you actually have to call an outsourced company (like, hang up w/the bank then dial another number) & the outsourced company releases the hold. VECU charges you every time you use your debit card as a debit card (but apparently other banking institutions are also doing that). Their customer service skills are seriously lacking, and all of my friends that use this 'credit union' report the same problems.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66700 |
| Year Chartered | 1954 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 2.77% |
| Annual Interest Income | $675.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $61.9MM$59.9MM |
| Loans | Q2 2016vs Q2 2015 | $19.3MM$20.7MM |
| Deposits | Q2 2016vs Q2 2015 | $54.8MM$53.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $6.8MM$6.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $130.00K$162.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $127.00K$142.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Virginia Educators Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Virginia Educators Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $100 | - | Traditional IRA - Apple Members | |
| 0.25% | $100 | - | Roth IRA - Apple Members | |
| 0.25% | $100 | - | Roth IRA - Apple Platinum Members | |
| 0.25% | $100 | - | Traditional IRA - Apple Platinum Members | |
| 0.25% | $100 | - | Roth IRA - Apple Plus Members | |
| 0.25% | $100 | - | Traditional IRA - Apple Plus Members | |
| 0.20% | $200 | - | All Purpose Club - Apple Platinum Members | |
| 0.20% | $200 | - | Holiday Club - Apple Platinum Members | |
| 0.20% | $200 | - | Prime Share - Apple Platinum Members | |
| 0.20% | $200 | - | Vacation Club/Summer Reserve - Apple Platinum Members | |
| 0.10% | $200 | - | Prime Share - Apple Plus Members | |
| 0.10% | $200 | - | Vacation Club/Summer Reserve - Apple Plus Members | |
| 0.10% | $200 | - | Holiday Club - Apple Plus Members | |
| 0.10% | $200 | - | All Purpose Club - Apple Plus Members |
Virginia Educators Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $2,500 | - | Share Draft Checking - Apple Platinum Members |
Virginia Educators Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.16% | $1k | - | 60 Month Share Certificate | |
| 0.55% | $1k | - | 48 Month Share Certificate | |
| 0.40% | $1k | - | 36 Month Share Certificate | |
| 0.30% | $1k | - | 24 Month Share Certificate | |
| 0.20% | $1k | - | 12 Month Share Certificate | |
| 0.15% | $1k | - | 6 Month Share Certificate |
Virginia Educators Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.16% | $1k | - | 60 Month IRA Certificate | |
| 0.55% | $1k | - | 48 Month IRA Certificate | |
| 0.40% | $1k | - | 36 Month IRA Certificate | |
| 0.30% | $1k | - | 24 Month IRA Certificate | |
| 0.20% | $1k | - | 12 Month IRA Certificate |
| Virginia Educators Credit Union Locations | ||
|---|---|---|
| Branch Office | 812 Main St | Newport News, VA 23605 |
| Branch Office | 12626 Nettles Dr | Newport News, VA 23606 |