CONNECTS Credit Union Profile

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CONNECTS

Charter #6670 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (804) 756-5000

Fax: (804) 756-5040

Founding Date: N/A

Website: http://www.connectsfcu.org

Personnel & Operations

President: VanDervort, Daniel

Manager: McBride, James

FT Employees: 24

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 3

Hours: Lobby Hours Monday, Tuesday, Thursday: 9:0

Credit Union Profile Summary

CONNECTS is a FCU Credit Union. With a total of 11,019 members [1], this institution manages approximately $101,735,566 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 8.49% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 23.39% [1].

Financial Snapshot

Total Assets [1]
$101,735,566

Total economic resources.

Total Loans [1]
$55,309,139

Total value of outstanding loans.

Total Deposits [1]
$92,783,738

Total funds deposited by members.

Members [1]
11,019

Number of active members.

Performance Ratios

Net Worth Ratio [1]
8.49%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
3.27%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
59.61%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 16.51%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 23.39%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 22.13%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

7700 Shrader Rd

Richmond, VA, 23228
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 3 branches reported by CONNECTS (Charter #6670).

Main Office

Henrico Main Office

Type: Corporate Office

7700 Shrader Rd

Richmond, VA 23228

Phone: (804) 756-5000

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Mechanicsville

Hanover

Type: Branch Office

9280 Chamberlayne Rd Ste 100

Mechanicsville, VA 23116

Phone: (804) 427-5185

Services: Member Services, ATM, Drive-Thru

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North Chesterfield

Chesterfield

Type: Branch Office

9960 Midlothian Tpke

North Chesterfield, VA 23235-4814

Phone: (804) 674-8000

Services: Member Services, ATM, Drive-Thru

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