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 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

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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 - YTD3.34%
Return on Equity - YTD15.87%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$73.8MM$77.3MM
LoansQ4 2024vs Q4 2023$8.4MM$8.8MM
DepositsQ4 2024vs Q4 2023$57.9MM$63.8MM
Equity CapitalQ4 2024vs Q4 2023$15.7MM$13.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$45K$41K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$72K$86K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

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Locations


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

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