Chartway Federal Credit Union
5700 Cleveland St
Virginia Beach, VA 23462
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2023 Overview
General Credit Union Information
Chartway is an NCUA insured institution located in Virginia Beach, VA. It was founded in 1959 and has approximately $2724.72 millions in assets.
Who can join?
You can if...
You or your immediate family member works at, attends school at, volunteers at or worships at one of these 750+ organizations who have chosen to offer Chartway’s credit union benefits.
You live, work, worship or go to school in a defined geographic area served by one of their branches
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 13242 |
| Date Established | 1959 |
| Assets | $2,724.72 million |
| Loans | $2,085.26 million |
| Deposits | $2,367.38 million |
| Capital | $227.81 million |
Field of Membership Restrictions
Deposit Rates - March 24, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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Money Market
|
0.05% | $2,500 | $2,999 |
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Money Market
|
0.10% | $10,000 | $14,999 |
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Money Market
|
0.10% | $25,000 | $29,999 |
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|
Premium Money Market Account
|
0.10% | $10,000 | $14,999 |
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Premium Money Market Account
|
0.10% | $25,000 | $34,999 |
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| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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| 12 Mo CD
|
0.35% | $100,000 | $199,999 |
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| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.55% | $100,000 | $199,999 |
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| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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| 30 Mo CD
|
0.65% | $10,000 | $14,999 |
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| 30 Mo CD
|
0.65% | $100,000 | $199,999 |
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| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.85% | $10,000 | $14,999 |
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| 48 Mo CD
|
0.85% | $100,000 | $199,999 |
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| 60 Mo CD
|
0.95% | $10,000 | $14,999 |
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| 60 Mo CD
|
0.95% | $100,000 | $199,999 |
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| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
|
0.35% | $1 | $999 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.02% | $2,500 | $3,499 | Learn More |
Loan Rates - March 24, 2023
Your Current Location: Virginia, VA 20146
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with RATE Line of Credit from New American Funding, LLC
See All Home Equity Rates |
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| 15 Year Loan
See Table |
5.00% | 5.00% | $395.40 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year | 2.90% | 2.90% | $448.11 | |
| 6 Year | 3.40% | 3.40% | $384.33 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.73% | 6.50% | $2,177.77 | |
| 30 Year Fixed Conforming See Amortization Table |
7.16% | 7.00% | $1,663.26 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.73% | 6.50% | $2,177.77 | |
| 30 Year Fixed Conforming See Amortization Table |
7.16% | 7.00% | $1,663.26 | |
Compare with APR and 30-Year Fixed RATE from Eligibility.org
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Chartway branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Climate Initiatives
CHARTWAY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Chartway Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Chartway. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Chartway | U.S. Average |
|---|---|
| 9.76% | 4.63 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of September 30, 2022, Chartway had $22,735,927 in non-current loans and $1,249,489 in owned assets. To cover these potential losses it had $227,806,132 in net worth and $18,004,372 in loans loss reserves. That gives it a Texas Ratio of 9.76%.
Net Worth
| Chartway | U.S. Average |
|---|---|
| 8.36% | 12.52% |
Chartway FCU has a net worth of 8.36% versus the BestCashCow average of 12.52. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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