Connects Federal Credit Union

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A short history of Connects FCU

Since its inception in 1950 the Connects Federal Credit Union has been serving its members in the RICHMOND, Virginia area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Evelyn Dowdy, the Connects FCU has grown its membership to over 9,734 with assets of more than $75,492,580. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (804) 756-5000 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RICHMOND, VA.

General Information For Connects FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 6670
Address 7700 SHRADER RD 
State Virginia 
Zip-Code 23228
Phone Number (804) 756-5000
Fax Number (804) 756-5040
Email Address:
CEO/President Evelyn Dowdy
Members 9,734 
Full-Time Employees 20 
Part-Time Employees
Number of Branch Offices
Total Assets 75,492,580 

Compare Connects Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
River Trace CU RiverTrace Federal Credit Union 6011 Staples Mill Rd 23228 (804) 266-2767 No 1.10
Cadmus Credit Union Incorporated CU Cadmus Credit Union 2901 Byrdhill Rd 23228 (804) 515-5155 No 1.91
Virginia Boxer CU Virginia Boxer Federal Credit Union 5710 Lakeside Ave 23228 (804) 264-6800 No 1.94
Partners Financial CU Woodlake 14901 Dogwood Villas Dr 23228 (804) 649-2957 No 2.68
Virginia United Methodist CU Virginia United Methodist Credit Union 10330 Staples Mill Rd 23228 (804) 672-0200 No 3.00

Connects Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Connects Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.49 5.12 5.34 N/A 5.60
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 121 410 365 N/A 301
Rank Among All Virginia Credit Unions 7 61 54 N/A 37

Connects Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.25 0.66 0.68
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 105 233 201
Rank Among All Virginia Credit Unions N/A 24 17 42 28
Connects Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.4901,8254,545,039
All Other Unsecured Loans/Lines of Credit 11.5008644,727,580
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.1201882,929,642
Used Vehicle Loans 5.3401,35117,009,572
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 5.600682,446,729
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.9504911,927,689
TOTAL LOANS & LEASES 4,78733,586,251

Connects Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 652,296,3815298,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3150,348152,304
Open-End Fixed Rate 0000
TOTALS 682,446,7296350,304


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Connects Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes