Virginia Beach Schools Federal Credit Union

Our records indicate that this credit union has been acquired by LANGLEY.

Headquarters

3701 Bonney Rd
Virginia Beach, VA 23452
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	0.05%	5.50% →
1-Year CD	0.20%	5.38% →
2-Year CD	0.25%	4.95% →
5-Year CD	N.A.	4.55% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Credit Union Information

Virginia Beach Schools is an NCUA insured institution located in Virginia Beach, VA. It was founded in 1960 and has approximately $115.22 millions in assets.


NCUA Insured	Yes / Federally Chartered
Charter Number #	# 13772
Date Established	1960
Assets	$115.22 million
Loans	$36.24 million
Deposits	$106.51 million
Capital	$7.93 million

Field of Membership Restrictions

Membership is open to employees and students of the Virginia Beach City Public School System and faculty, staff, and students of other select school systems.

Deposit Rates - July 26, 2024

Your Current Location: Massachusetts, MA 10007

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
Savings	0.05%	$2,500	$4,999	Learn More Reviews
Money Market	0.05%	$10,000	$14,999	Learn More Reviews
Money Market	0.10%	$25,000	$29,999	Learn More Reviews

CD Rates (Share Certificate Rates)	APY	MIN	MAX
6 Mo CD	0.15%	$10,000	$14,999	Learn More Reviews
6 Mo CD	0.15%	$100,000	$199,999	Learn More Reviews
12 Mo CD	0.20%	$10,000	$14,999	Learn More Reviews
12 Mo CD	0.20%	$100,000	$199,999	Learn More Reviews
24 Mo CD	0.25%	$10,000	$14,999	Learn More Reviews
24 Mo CD	0.25%	$100,000	$199,999	Learn More Reviews
36 Mo CD	0.30%	$10,000	$14,999	Learn More Reviews
36 Mo CD	0.30%	$100,000	$199,999	Learn More Reviews
48 Mo CD	0.35%	$10,000	$14,999	Learn More Reviews
48 Mo CD	0.35%	$100,000	$199,999	Learn More Reviews

Variable IRA Rates	APY	MIN	MAX
Var IRA	0.10%	$1	$499	Learn MoreShow Less

Loan Rates - July 26, 2024

Your Current Location: Massachusetts, MA 10007

There are currently no loan rates available for Virginia Beach Schools

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Massachusetts 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: 6606	6.585%	6.490%	1.00	$3,178	$2,021	Learn More
NMLS ID: 1025894	6.701%	6.625%	0.63	$2,505	$2,049	Learn More
NMLS ID: 3030	7.064%	6.990%	0.75	$2,400	$2,127	Learn More
NMLS ID: Not a Lender						Learn More

See More Mortgage Rates →

Featured - Massachusetts Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Eastern Bank See Table	8.250 %	$25,000	Learn More More Info
The Annual Percentage Rate (APR) is variable and based on the Prime Rate (Prime) published in the Wall Street Journal (8.50% APR on 7/1/2024) minus 0.25% APR adjusted after each billing cycle. To qualify for the lowest rate, a minimum draw of $25,000 is required at closing with automatic payments from an Eastern Checking Account. Minimum APR is 3.99%. Maximum APR is 18%. Minimum line amount is $10,000 and maximum line amount is $2,000,000. Line must be for first or second lien, secured by your 1-4 family primary or secondary residence located in MA, NH, RI and CT. Investment properties are not eligible to be used to secure the line. Combined loan to value limits apply. Property insurance is required. Flood insurance may be required. Homes currently on the market are not eligible. Subject to credit application and approval. Rates are subject to change without notice. FlexEquity lines (Home Equity Line of Credit) are subject to a $50 annual participation fee (waived for Premier or Select Checking account customers). A $350 early cancellation fee applies if the line is closed or rewritten within the first 24 months. Appraisal fees may apply in instances where the line is greater than $400,000. Appraisal fees range from $490 for single family homes to $610 for multifamily properties. Properties with unique characteristics or location may have higher appraisal and/or other fees. Title Search is paid by Eastern Bank as is Title Insurance unless the amount borrowed is greater than $750,000 then customer may incur a title Insurance fee, the fee varies by loan amount and state (CT, MA, NH & RI). In addition, certain fees could apply depending on your situation. For instance, the customer is responsible for trust and power of attorney review ($100 each) and recording fees for power of attorney and for properties held in trust ($105- $123). An itemized list of fees is available upon request. Simple online applications means you can apply anywhere. Ability to convert your variable rate into as many as five fixed-rate loans. No appraisal fees for line requests under $400k! Easy access to funds through your phone or online.

See More Home Equity Rates →

Note to Virginia Beach Schools
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Virginia Beach Schools 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:
Barnstable Town,Massachusetts

Virginia Beach Schools Locations around zip code 10007

Branch	Distance	Map	View Lobby Hours
Bonney Road Office	447.53	A	View Lobby Hours
Red Mill Branch	448.16	B	View Lobby Hours
Salem Commons Branch	451.07	C	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

VIRGINIA BEACH SCHOOLS 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

Virginia Beach Schools Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Beach Schools. 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

Virginia Beach Schools	U.S. Average
0.54%	6.52

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 March 31, 2024, Virginia Beach Schools had $39,337 in non-current loans and $6,700 in owned assets. To cover these potential losses it had $7,934,318 in net worth and $531,475 in loans loss reserves. That gives it a Texas Ratio of 0.54%.

Net Worth

Virginia Beach Schools	U.S. Average
6.95%	13.65%

Virginia Beach Schools FCU has a net worth of 6.95% versus the BestCashCow average of 13.65. 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 Virginia Beach Schools

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