Henrico Federal Credit Union
Headquarters
9401 W Broad St
Henrico, VA 23294
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2024 Overview
General Credit Union Information
Henrico is an NCUA insured institution located in Henrico, VA. It was founded in 1967 and has approximately $432.66 millions in assets.
Who can join?
The Henrico FCU serves those who live, work, worship or attend school in Henrico and the greater Richmond area including:
Amelia County
Town of Ashland
Caroline County
Charles City County
Chesterfield County
City of Colonial Heights
Cumberland County
Dinwiddie County
Goochland County
Hanover County
City of Hopewell
King & Queen County
King William County
Louisa County
New Kent County
City of Petersburg
Powhatan County
Prince George County
City of Richmond
Sussex County
Or, if you have an immediate family member who is a Henrico FCU member, you can also join.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 18175 |
| Date Established | 1967 |
| Assets | $432.66 million |
| Loans | $247.15 million |
| Deposits | $389.25 million |
| Capital | $41.65 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in the counties of Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, King & Queen, King William, Louisa, New Kent, Powhatan, Prince George, or Sussex, and the cities of Ashland, Colonial Heights, Hopewell, Petersburg, or Richmond.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $500 | - |
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|
| 6 Mo CD
|
0.20% | $1,000 | $4,999 |
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|
| 12 Mo CD
|
0.45% | $1,000 | $4,999 |
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|
| 12 Mo CD
|
0.70% | $5,000 | - |
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|
| 24 Mo CD
|
0.50% | $1,000 | $4,999 |
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|
| 24 Mo CD
|
0.75% | $5,000 | - |
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|
| 36 Mo CD
|
0.60% | $1,000 | $4,999 |
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|
| 36 Mo CD
|
0.85% | $5,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.20% | $2,500 | $3,499 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Henrico
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Henrico
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Branches
Below are Henrico 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:
Columbus,Ohio
Climate Policy and Initiatives
HENRICO is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Henrico Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Henrico. 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
| Henrico | U.S. Average |
|---|---|
| 7.51% | 6.97 |
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 December 31, 2023, Henrico had $3,196,369 in non-current loans and $5,000 in owned assets. To cover these potential losses it had $41,654,149 in net worth and $993,727 in loans loss reserves. That gives it a Texas Ratio of 7.51%.
Net Worth
| Henrico | U.S. Average |
|---|---|
| 9.62% | 13.62% |
Henrico FCU has a net worth of 9.62% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Henrico
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