Rates
Pump the brakes on high rates
First, before you settle for an account, loan or certificate anywhere else, check with us to see what we can offer you. In addition, we can take a look at your current loans and see how much we can help you save through refinancing.
Rates are effective as of January 2023*.Â
See our current rates below.
Loans (Current as of January 2023)
Auto Loan Rates
Auto Loan Rates | ||
Loan Rates | Term | APR* |
New Car Loans (2018 and newer) | Up to 84 months | 4.24% - 18.00% |
Used Car Loans (2013 - 2017) | Up to 84 months | 5.49% - 18.00% |
RVs, Boats and Motorcycles (2018 and newer) | Up to 84 months | 5.99% - 18.00% |
RVs, Boats and Motorcycles (2013 - 2017) | Up to 84 months | 6.74% - 18.00% |
***Restrictions apply, all offers and rates are subject to change at any time.
*APR=Annual Percentage Rate. The Annual Percentage Rates are the advertised rates and can vary based on creditworthiness, age of vehicle or RV, loan term and our internal lending criteria which means your rate may be higher. Not all borrowers will qualify. Rates are subject to change but will not exceed 18%. Financing up to 125% of the retail value of the auto may be available but not guaranteed by a source approved by us. Collateral subject to approval. Down payment discount of .25% (used) and .50% (new) available for auto and RV purchases only.
Payment example based off a $20,000 loan: A monthly payment of $500.50 at 2.74% APR with a 42 month term; A monthly payment of $334 at 3.49% APR with a 66 month term.
Credit Union of Richmond offers:
- Financing up to 125% for vehicles.
- GAP and warranties available
Please contact one of our loan officers for complete information on current rates and details.
Auto Loan Refinance
**Restrictions apply, all offers and rates are subject to change. ** Credit Union of Richmond loans are not included with this offer. Rates are subject to change at any time and should only be used as a guide.Â
*APR=Annual Percentage Rate. The Annual Percentage Rates are the advertised rates and can vary based on creditworthiness, age of vehicle, loan term and our internal lending criteria which means your rate may be higher. Not all borrowers will qualify. Rates are subject to change but will not exceed 18%. Financing up to 125% of the retail value of the auto may be available but not guaranteed by a source approved by us. Collateral subject to approval. The rate on a new/used vehicle could be as low as 2.24% APR which includes a discount of up to 1% off the current rate utilizing the auto loan recapture promotion. This promotion is only available if the auto is refinanced from another lender. Regardless of promotions and discounts, the rate cannot exceed 2.24% which is the minimum APR offered. If the promotional rate is not utilized, then our standard auto rates range from 3.24%-18% APR. Loans currently financed through the credit union cannot be refinanced with this offer.
Payment example based off a $20,000 loan: A monthly payment of $496 at 2.24% APR with a 42 month term; A monthly payment of $334 at 3.49% APR with a 66 month term.
Personal Loans
Personal Loans | |
Term | APR* |
Up to 84 months | 7.74% - 18.00% |
Personal Loans Refinance
*Rates and loan approval are based on creditworthiness and our internal credit criteria. Not all borrowers will qualify. Minimum or maximum loan amounts and credit limits apply. Restrictions apply, all offers, and rates are subject to change without further notice. Credit cards, automobile, RV, and mortgage loans are excluded from this offering. Recaptured personal loan rates (refinanced from another lender) will range from 5.99%-18% APR. To qualify for up to 1% less than your current rate you must provide supporting documentation. We will match the remaining term of your loan not to exceed 84 months.  Regardless of discounts or promotions, 5.99% APR is our minimum rate offered for personal loans. If the loan is not considered a recapture, then our standard rates apply which range from 7.74% to 18%. Payment example: A loan of $5,000 for 36 months has a payment of $153 at 5.99% APR. Another payment example: A loan of $5,000 for 36 months has a payment of $183 at 18% APR.
VISA®
VISA | |
Term | APR* |
- | 7.90% - 18.00% |
*Annual Percentage Rate based on Credit Score
Introductory rate is for the first 6 months billing cycle.
*Please contact one of our loan officers for complete information on current rates and details.
Deposit Rates (Current as of January 2023)
Regular Shares Rates
Share Savings Rate | |
Minimum Opening Deposit | $5 |
Minimum to Earn APY | $100 |
Rate | 0.50% |
Annual Percentage Yield (APY)* | 0.50% |
Compounding Frequency | Quarterly |
Christmas Club Rates
Christmas Club | |
Minimum Opening Deposit | - |
Minimum to Earn APY | $100 |
Rate | 0.50% |
Annual Percentage Yield (APY)* | 0.50% |
Compounding Frequency | Quarterly |
Account transfer and withdrawal limitations apply.
Individual Retirement Account Rates
Individual Retirement Account Rates | |
Minimum Opening Deposit | - |
Minimum to Earn APY | $100 |
Rate | 0.50% |
Annual Percentage Yield (APY)* | 0.50% |
Compounding Frequency | Quarterly |
**A penalty may be imposed for early withdrawals**
For more information contact us.
Kids and Teens Club Rates
Kids and Teens Club | |
Minimum Opening Deposit | $5 |
Minimum to Earn APY | $100 |
Rate | 0.50% |
Annual Percentage Yield (APY)* | 0.50% |
Compounding Frequency | Quarterly |
Custodial/VUTMA Rates
Custodial/VUTMA | |
Minimum Opening Deposit | $5 |
Minimum to Earn APY | $100 |
Rate | 0.50% |
Annual Percentage Yield (APY)* | 0.50% |
Compounding Frequency | Quarterly |
Money Market (Dreamer) Rates
Money Market (Dreamer) | |
Minimum Opening Deposit | - |
Minimum to Earn APY | - |
Rate | $0.00 to $4,999.99 0.50% $5,000 to $19,999.00 0.60% $20,000.00 or greater 0.70% |
Annual Percentage Yield (APY)* | $0.00 to $4,999.99 0.50% $5,000 to $19,999.00 0.60% $20,000.00 or greater 0.70% |
Compounding Frequency | Monthly |
Account transfer and withdrawl limitations apply.Â
*APY = Annual Percentage Yield
*For Share Savings Accounts, Club Accounts and Share IRA, the dividend rates and the annual percentage yields may change at any time as determined by the credit union’s Board of Directors. The minimum deposit earns the stated APY for Share Christmas Club, Share IRA, and Organization Accounts is $100. Additionally, the minimum balance earns the stated APY for Kids/Teens Club, Trust and Custodian Accounts is $5. The minimum opening deposit for Share, Trust, Custodian and Organization Accounts is $5. No minimum opening deposit is required for the Club Accounts or Share IRA.
Certificates (Current as of January 2023)
Share Certificates
6 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 1.00% |
Annual Percentage Yield (APY)* | 1.00% |
Compounding Frequency | Quarterly |
12 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 1.50% |
Annual Percentage Yield (APY)* | 1.51% |
Compounding Frequency | Quarterly |
24 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 1.75% |
Annual Percentage Yield (APY)* | 1.76% |
Compounding Frequency | Quarterly |
36 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 2.00% |
Annual Percentage Yield (APY)* | 2.02% |
Compounding Frequency | Quarterly |
48 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 2.25% |
Annual Percentage Yield (APY)* | 2.27% |
Compounding Frequency | Quarterly |
60 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 2.50% |
Annual Percentage Yield (APY)* | 2.52% |
Compounding Frequency | Quarterly |
Jumbo Share Certificate Rates | |
Minimum Opening Deposit | $50,000 |
Minimum to Earn APY | - |
Rate | 1.50% |
Annual Percentage Yield (APY)* | 1.51% |
Compounding Frequency | Quarterly |
Century Share Certificate Rates | |
Minimum Opening Deposit | $100,000 |
Minimum to Earn APY | - |
Rate | 1.50% |
Annual Percentage Yield (APY)* | 1.51% |
Compounding Frequency | Quarterly |
Individual Retirement Account Certificate Rates
6 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 1.00% |
Annual Percentage Yield (APY)* | 1.00% |
Compounding Frequency | Quarterly |
12 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 1.50% |
Annual Percentage Yield (APY)* | 1.51% |
Compounding Frequency | Quarterly |
24 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 1.75% |
Annual Percentage Yield (APY)* | 1.76% |
Compounding Frequency | Quarterly |
36 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 2.00% |
Annual Percentage Yield (APY)* | 2.02% |
Compounding Frequency | Quarterly |
48 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 2.25% |
Annual Percentage Yield (APY)* | 2.27% |
Compounding Frequency | Quarterly |
60 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 2.50% |
Annual Percentage Yield (APY)* | 2.52% |
Compounding Frequency | Quarterly |
Jumbo IRA Certificate Rates | |
Minimum Opening Deposit | $50,000 |
Minimum to Earn APY | - |
Rate | 1.50% |
Annual Percentage Yield (APY)* | 1.51% |
Compounding Frequency | Quarterly |
*A minimum deposit of $50,000 is required and must be maintained throughout the term of the certificate for the 12 month Jumbo Share and Jumbo IRA Certificate. A minimum deposit of $100,000 is required and must be maintained throughout the term of the certificate for the 12 month Century Share Certificate (The Century Certificate is not offered as an IRA Certificate).
*For all other Share and IRA Certificates, a $500 minimum deposit is required and must be maintained throughout the term of the certificate. The term selected will determine the applicable dividend rate and APY. A penalty may be imposed for early withdrawal. The dividend rate and annual percentage yield may change at any time as determined by the credit union’s Board of Directors. For Share Certificates and IRA Share Certificates, the dividend rate and the APY at the time of the purchase will remain the same until the maturity date of the Share or IRA Certificate.