New Generations Credit Union

About New Generations Credit Union

New Generations Credit Union Location

1700 Robin Hood Rd
Richmond, VA 23220

Phone: (804) 359-8754
Website: NEWGENFCU.ORG
Routing/Transit Number: Not Available

New Generations Credit Union Information

New Generations Credit Union of Richmond, VA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 18874 members and assets of $62,960,492, as compared to the national average of $93 million dollars of assets per credit union. New Generations Credit Union, first opened in 1950 and has been in operation since then. Additionally, New Generations Credit Union has 48 full time employees and 0 part time employees, or 393.208333333 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that New Generations Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. New Generations Credit Union is a not-for-profit, cooperative, tax-exempt organization.