Virginia Educators Credit Union is headquartered in Newport News and is the 54th 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 March of 2025, it had grown to 5 employees and 3,883 members at 2 locations. Virginia Educators Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.
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
Overall | |
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NCUA # | 66700 |
Year Chartered | 1954 |
Employees | 5 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 2.47% |
Return on Equity - YTD | 11.46% |
Annual Interest Income | $772K |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $76.2MM$78.2MM |
Loans | Q1 2025vs Q1 2024 | $8MM$8.5MM |
Deposits | Q1 2025vs Q1 2024 | $59.7MM$64MM |
Equity Capital | Q1 2025vs Q1 2024 | $16.1MM$13.7MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $33K$42K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $23K$150K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.86% | $1k | - | 36 Month IRA Certificate | |
1.86% | $1k | - | 48 Month IRA Certificate | |
1.86% | $1k | - | 60 Month IRA Certificate | |
1.20% | $1k | - | 24 Month IRA Certificate | |
1.00% | $1k | - | 12 Month IRA Certificate |
Virginia Educators Credit Union Locations | ||
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Branch Office | 812 Main St | Newport News, VA 23605 |
Branch Office | 12626 Nettles Dr | Newport News, VA 23606 |