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.
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 | 3.32% |
Return on Equity - YTD | 16.58% |
Annual Interest Income | $2.8MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $75MM$77.5MM |
Loans | Q3 2024vs Q3 2023 | $8.5MM$9.1MM |
Deposits | Q3 2024vs Q3 2023 | $59.6MM$64.8MM |
Equity Capital | Q3 2024vs Q3 2023 | $15.1MM$12.4MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $44K$17K |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $87K$34K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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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 |
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 |