Virginia Educators Credit Union


Overview / Commentary
757-930-2425
12626 Nettles Dr
Newport News, VA 23606

Virginia Educators Credit Union is headquartered in Newport News and is the 53rd largest credit union in the state of Virginia. It is also the 2,075th largest credit union in the nation. It was established in 1954 and as of September of 2024, it had grown to 5 employees and 4,080 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

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Health
B+
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 Educators Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #66700
Year Chartered1954
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD3.32%
Return on Equity - YTD16.58%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$75MM$77.5MM
LoansQ3 2024vs Q3 2023$8.5MM$9.1MM
DepositsQ3 2024vs Q3 2023$59.6MM$64.8MM
Equity CapitalQ3 2024vs Q3 2023$15.1MM$12.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$44K$17K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$87K$34K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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Virginia Educators Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-60 Month Share Certificate
1.25%$1k-48 Month Share Certificate
1.00%$1k-36 Month Share Certificate
0.75%$1k-24 Month Share Certificate
0.50%$1k-12 Month Share Certificate

Virginia Educators Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-60 Month IRA Certificate
1.25%$1k-48 Month IRA Certificate
1.00%$1k-36 Month IRA Certificate
0.75%$1k-24 Month IRA Certificate
0.50%$1k-12 Month IRA Certificate
Locations


Virginia Educators Credit Union Locations
Branch Office812 Main StNewport News, VA 23605
Branch Office12626 Nettles DrNewport News, VA 23606

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