Sep, 30, 2025 — HAMPTON ROADS EDUC CREDIT UNION INC is a federally insured state chartered credit union headquartered in HAMPTON, VA with 1 branch location and about $44.70 million in total assets. Opened 72 years ago in 1954, HAMPTON ROADS EDUC CREDIT UNION INC has about 4,595 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAMPTON ROADS EDUC CREDIT UNION INC |
|---|---|
| Address: (Main Office) | 2130 Cunningham Dr HAMPTON, VA 23666 |
| Phone: | (757) 838-0707 |
| Fax: | (757) 838-0776 |
| Website: | https://www.hrecu.org |
| Branches: | 1 branch locations |
| Members: | 4,595 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66913 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,700,957 |
| CEO/Manager: | Karen F Orie |
| Chairperson: | Cornelious Chambliss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,410,239 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,415,014 |
| Unsecured Loans | 5,778,427 |
| Other Loans | 10,582,203 |
| TOTAL LOANS | 17,775,644 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,337 |
| Land And Building | 0 |
| Other Fixed Assets | 143,474 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 390,121 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,700,957 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,748 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 390,097 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,041,907 |
| Regular shares | 23,389,401 |
| All Other Shares & Deposits | 6,580,810 |
| TOTAL SHARES & DEPOSITS | 40,012,118 |
| TOTAL LIABILITIES | 40,410,963 |
| Regular Reserve | 0 |
| Other Reserves | 561,887 |
| Undivided Earnings | 3,728,107 |
| TOTAL EQUITY | 4,289,994 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,700,957 |
| INCOME & EXPENSE | |
| Loan Income | 993,111 |
| Investment Income | 446,928 |
| Other Income | 341,120 |
| Total Employee Compensation & Benefits | 464,917 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 817,311 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 127,069 |
| Cost of Funds | 107,081 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 306,859 |
| ↑ Back to Top | |