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Credit Union Of Richmond

Virginia's Oldest Credit Union

Our History & Mission

Welcome to Credit Union of Richmond, Virginia’s longest continuously operating credit union. We are a member-owned financial cooperative that is dedicated to building members dreams by offering quality personalized services that go above and beyond to fulfill your financial needs.

We were originally charted in 1923 as a credit union to serve postal employees located in the Richmond area. Since then, the credit union has stood by our members every step of the way, and been a trusted financial partner. During the Great Depression, Credit Union of Richmond stood strong as one of the few banks that stayed open and operational. We acquired another credit union which served the Greater Richmond Transit Company (GRTC) employees in 2006.

Credit Union of Richmond has always offered our members an amazing experience and exceptional products and services. However, we decided to change our name in 2017 to Credit Union of Richmond to increase awareness in the Richmond area. Additionally, the credit union realized our community would benefit from a membership expansion. Therefore, we expanded our membership eligibility to include the Richmond VA Metropolitan Statistical Area in 2021.

Whether you need a loan or a checking account, we have flexible personalized options. Credit Union of Richmond is a full-service credit union which offers a wide range of competitive products and services. We also pride ourselves on being a stable financial institution that has been around 100 years. If you want a credit union that offers personalized member service and will help you achieve your financial goals, then look no further. We have you covered!

At the Credit Union of Richmond, we understand the importance of community involvement. 

We firmly believe that a strong and thriving community benefits everyone. By working together, we can build a brighter future and enhance the quality of life for all community members. We host community events like, Community Shred Day with the help of Shred-It, Member Appreciation Days and more. 

We proudly partner with:

  • Anthem Health for their annual LemonAid event benefiting Children’s Hospital of Richmond at VCU (a Children’s Miracle Network Hospital.) 
  • FeedMore, the Central Virginia Food Bank
  • We are proud members of The Greater Scott's Addition Association

Credit unions are financial institutions that offer similar products to banks. However, unlike banks which are for profit, credit unions are a member-owned cooperative that generally offers better rates and lower fees.

Credit Unions VS. Banks
Credit Unions Banks
Must be eligible to join Anyone
Not-for-profit For profit
Member owned Owned by the stockholders (no votes for customers)
Fewer to no fees Fee driven
Access to over 5,000 share branches Can only do transactions at their bank locations
Member driven Shareholder driven

Membership with Credit Union of Richmond is open to anyone who live, work, worships, attends school in the following localities:

  • Amelia
  • Charles City
  • Chesterfield
  • Dinwiddie
  • Goochland
  • Hanover
  • Henrico
  • King William
  • King and Queen
  • New Kent
  • Powhatan
  • Prince George
  • Sussex
  • City of Richmond
  • Petersburg
  • Hopewell
  • Colonial Heights