Overview / Commentary
Virginia Educators Credit Union is headquartered in Newport News and is the 55th largest credit union in the state of Virginia. It is also the 2,088th largest credit union in the nation. It was established in 1954 and as of December of 2024, it had grown to 5 employees and 3,951 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
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional 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 Chartered | 1954 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3.34% |
| Return on Equity - YTD | 15.87% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $73.8MM$77.3MM |
| Loans | Q4 2024vs Q4 2023 | $8.4MM$8.8MM |
| Deposits | Q4 2024vs Q4 2023 | $57.9MM$63.8MM |
| Equity Capital | Q4 2024vs Q4 2023 | $15.7MM$13.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $45K$41K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $72K$86K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |