Rates
Loan Rates
Kiss your high monthly payments goodbye. Credit Union of Richmond offers competitive rates that help our members keep money in their pockets.
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 October 2020*.
See our current rates below.

Loans (Current as of October 2020)
Auto Loan Rates
Auto Loan Rates Loan Rates Term APR* New Car Loans 1.99% - 18.00% Used Car Loans Up to 84 months 1.99% - 18.00% RVs, Boats and Motorcycles Up to 84 months 4.24% - 18.00%
APR = Annual Percentage Rate
1.99% APR is applicable on New or Used Autos 2016 and newer with a 20% down payment and, terms up to 42 months. Rates are subject to change and are based on creditworthiness, age of vehicle, and terms of the loan. Therefore, your actual rate may differ. Collateral is subject to approval. Minimum loan amount is $25,000 for terms of 84 months. A loan payment example: $20,000 financed for 42 months would make the monthly payment $494.
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.
Refinance
Bring in your current auto loan from another financial institution to Credit Union of Richmond and we will add 100 dollars to your share account. For more information, apply online or call 1-804-355-9684.
**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.
*APR=Annual Percentage Rate. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness, age of vehicle and terms of the loan. Your rate can be higher or lower depending on credit performance. Financing up to the retail value of the auto may be available. The rate on a new/used vehicle could be as low as 1.99%. Rate is subject to change without notice. Auto loans currently financed through the credit union cannot be refinanced with this offer.
Personal Loans
Personal Loans | |
Term | APR* |
- | 7.74 - 18.00 |
VISA
VISA | |
Term | APR* |
- | 7.90 - 18.00 |
*Membership is required for all loans, credit cards and lines of credit.
*Please contact one of our loan officers for complete information on current rates and details.
Deposit Rates (Current as of October 2020)

With great yields on federally insured deposits, you can earn extra money.
Christmas Club Rates
Minimum Opening Deposit - $100 Rate 0.05% 0.05% Quarterly
Account transfer and withdrawal limitations apply.
Individual Retirement Account Rates
Individual Retirement Account Rates | |
Minimum Opening Deposit | - |
Minimum to Earn APY | $100 |
Rate | 0.05% |
Annual Percentage Yield (APY)* | 0.05% |
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 | 0.05% |
Annual Percentage Yield (APY)* | 0.05% |
Compounding Frequency | Quarterly |
Custodial/VUTMA Rates
Custodial/VUTMA | |
Minimum Opening Deposit | $5 |
Minimum to Earn APY | $100 |
Rate | 0.05% |
Annual Percentage Yield (APY)* | 0.05% |
Compounding Frequency | Quarterly |
Money Market (Dreamer) Rates
Money Market (Dreamer) | |
Minimum Opening Deposit | - |
Minimum to Earn APY | - |
Rate | $0.00 to $4,999.99 0.05% $5,000 to $19,999.00 0.05% $20,000.00 or greater 0.05% |
Annual Percentage Yield (APY)* | $0.00 to $4,999.99 0.05% $5,000 to $19,999.00 0.05% $20,000.00 or greater 0.05% |
Compounding Frequency | Monthly |
Account transfer and withdrawl limitations apply.
Rate = Dividend Rate
*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 October 2020)
Share Certificates
Minimum Opening Deposit $500 - Rate 0.05% 0.05% Quarterly
12 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.10% |
Annual Percentage Yield (APY)* | 0.10% |
Compounding Frequency | Quarterly |
24 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.15% |
Annual Percentage Yield (APY)* | 0.15% |
Compounding Frequency | Quarterly |
36 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.20% |
Annual Percentage Yield (APY)* | 0.20% |
Compounding Frequency | Quarterly |
48 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.25% |
Annual Percentage Yield (APY)* | 0.25% |
Compounding Frequency | Quarterly |
60 Month Share Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.30% |
Annual Percentage Yield (APY)* | 0.30% |
Compounding Frequency | Quarterly |
Jumbo Share Certificate Rates | |
Minimum Opening Deposit | $50,000 |
Minimum to Earn APY | - |
Rate | 0.10% |
Annual Percentage Yield (APY)* | 0.10% |
Compounding Frequency | Quarterly |
Century Share Certificate Rates | |
Minimum Opening Deposit | $100,000 |
Minimum to Earn APY | - |
Rate | 0.10% |
Annual Percentage Yield (APY)* | 0.10% |
Compounding Frequency | Quarterly |
Individual Retirement Account Certificate Rates
IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.05% |
Annual Percentage Yield (APY)* | 0.05% |
Compounding Frequency | Quarterly |
12 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.10% |
Annual Percentage Yield (APY)* | 0.10% |
Compounding Frequency | Quarterly |
24 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.15% |
Annual Percentage Yield (APY)* | 0.15% |
Compounding Frequency | Quarterly |
36 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.20% |
Annual Percentage Yield (APY)* | 0.20% |
Compounding Frequency | Quarterly |
48 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.25% |
Annual Percentage Yield (APY)* | 0.25% |
Compounding Frequency | Quarterly |
60 Month IRA Certificate Rates | |
Minimum Opening Deposit | $500 |
Minimum to Earn APY | - |
Rate | 0.30% |
Annual Percentage Yield (APY)* | 0.30% |
Compounding Frequency | Quarterly |
Jumbo IRA Certificate Rates | |
Minimum Opening Deposit | $50,000 |
Minimum to Earn APY | - |
Rate | 0.10% |
Annual Percentage Yield (APY)* | 0.10% |
Compounding Frequency | Quarterly |
*APY = Annual Percentage Yield
*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.