New Generations Federal Credit Union

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A short history of New Generations FCU

Since its inception in 1950 the New Generations 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 Richard Preble, the New Generations FCU has grown its membership to over 13,264 with assets of more than $64,001,115. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (804) 359-8754 or email them at none 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 New Generations FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 6878
Address 1700 ROBIN HOOD RD 
City RICHMOND 
State Virginia 
Zip-Code 23220
Phone Number (804) 359-8754
Fax Number (804) 359-4995
Email Address: none
CEO/President Richard Preble
Members 13,264 
Full-Time Employees 35 
Part-Time Employees
Number of Branch Offices
Total Assets 64,001,115 
Website http://www.newgenfcu.org 

Compare New Generations Federal Credit Union To Other Local Credit Unions


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Zip Code
Phone Number
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Distance (Miles)
Richmond Virginia Fire Police Credi CU Richmond Virginia Fire Police Credit Union Inc. 200 W Grace St 23220 (804) 780-1001 No 0.63
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New Generations Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


New Generations 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 10.63 4.15 6.22 4.46 6.52
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 310 300 465 201 393
Rank Among All Virginia Credit Unions 34 44 63 35 50

New Generations Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.14 0.10 0.32 1.21 0.19
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 111 129 94 133 272
Rank Among All Virginia Credit Unions 9 24 13 21 43
New Generations Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.6308811,078,900
All Other Unsecured Loans/Lines of Credit 11.3501,2452,403,129
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.1502304,190,010
Used Vehicle Loans 6.2202,01922,459,897
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.4601178,504,981
Total Other Real Estate Loans/Lines of Credit 6.520591,079,022
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.0901431,807,854
TOTAL LOANS & LEASES 4,69441,523,793

New Generations Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 242,474,26000
    b. 15 Years or less 875,044,3932101,100
Balloon/Hybrid
    a. > 15 years 2165,10500
    b. 15 Years or less 4821,22300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 581,074,710285,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 14,31200
Open-End Fixed Rate 0000
TOTALS 1769,584,0034186,100

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

New Generations 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 Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes