Henrico Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

9401 W Broad St, Henrico, VA 23294

Website

(804) 266-0290

Data Source: NCUA, December 31, 2016


Henrico Federal Credit Union was founded in 1967. Headquartered in Henrico, Virginia, Henrico Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Henrico Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Henrico Federal Credit Union services 28,335 members through its 7 offices and branches and 70 full-time and 13 part-time employees. It has $234,107,216 of total assets and $18,936,936 of net worth. Based on its asset size and net worth ratio, Henrico Federal Credit Union is classified as a Well Capitalized medium large credit union.

Henrico Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Henrico Federal Credit Union also provides an array of services to its members and local communities. Henrico Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Henrico Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Virginia and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Virginia
Median of USA
Checking
0.1900
0.0000
0.0000
Savings
0.1500
0.1500
0.1200
Money Market
0.0000
0.3000
0.2500
Certificate Deplit
1.0500
0.7500
0.5800
IRA
0.6000
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Virginia
National Median Rates
Credit Cards
9.4200
9.9900
9.9900
Unsecured Line of Credits
10.0900
11.8600
10.9500
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
5.8800
6.0200
New Car Loans
3.4400
3.9900
3.3300
Used Car Loans
3.5800
5.0000
4.5000
1st Mortgage Real Estates
3.5000
4.2500
4.2500
Other Real Estates
4.6900
4.8500
4.7000

Henrico Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Henrico Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

As a community financial institution, Henrico Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
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Operations Center
9351 W Broad St
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Phone:804-266-0193

West Broad
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9401 W Broad St
Henrico, VA 23294
Phone:804-266-0290

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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