Sep, 30, 2025 — VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH CHESTERFIELD, VA with 39 branch locations and about $7.13 billion in total assets. Opened 98 years ago in 1928, VIRGINIA FEDERAL CREDIT UNION has about 647,446 members and employs 1,081 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VIRGINIA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7500 Boulder View Dr NORTH CHESTERFIELD, VA 23225-4046 |
| Phone: | (804) 323-6000 |
| Fax: | |
| Website: | https://www.vacu.org |
| Branches: | 39 branch locations |
| Members: | 647,446 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24962 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $7,127,399,428 |
| CEO/Manager: | Christopher M Shockley |
| Chairperson: | Kenneth E Ampy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 428,688,709 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 17,265,170 |
| Real Estate Loans | 2,527,998,281 |
| Unsecured Loans | 747,265,356 |
| Other Loans | 1,980,524,339 |
| TOTAL LOANS | 5,256,068,462 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,302,600 |
| Land And Building | 91,057,677 |
| Other Fixed Assets | 15,811,747 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 56,271,147 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,127,399,428 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10 |
| Notes & Interest Payable | 227,000,000 |
| Accounts Payable & Other Liabilities | 78,031,390 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,208,353,227 |
| Regular shares | 973,060,607 |
| All Other Shares & Deposits | 4,004,242,733 |
| TOTAL SHARES & DEPOSITS | 6,185,656,565 |
| TOTAL LIABILITIES | 6,490,687,965 |
| Regular Reserve | 0 |
| Other Reserves | 32,591,382 |
| Undivided Earnings | 604,120,081 |
| TOTAL EQUITY | 636,711,463 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,127,399,428 |
| INCOME & EXPENSE | |
| Loan Income | 270,821,355 |
| Investment Income | 35,151,260 |
| Other Income | 26,763,969 |
| Total Employee Compensation & Benefits | 100,192,194 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 101,129,306 |
| Non-operating Income & (Expense) | 3,367,961 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,061,250 |
| Cost of Funds | 97,179,768 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 40,637,997 |
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