Virginia Credit Union

What is a Credit Union?
A credit union is an independent not-for-profit financial corporation. Members own and run their credit union. Members' savings deposits provide money for members who need loans. Members usually earn higher dividends on savings and pay lower interest rates on loans.

Who can join Virginia Credit Union (VACU)?

• Employees and retirees of the Commonwealth of Virginia and political subdivisions, local governments and school boards in Virginia.
• Students of state-funded colleges and universities.
• Employees and students of University of Richmond, Virginia Union University and Randolph-Macon College.
• Employees of approved select employee groups.
• Immediate family of Credit Union members, including spouses, parents, grandparents, sisters, brothers, children and grandchildren.

How do you join Virginia Credit Union?
A completed membership application and a check or money order for a minimum of $5 must be presented at a Virginia Credit Union branch office.

What happens if you change jobs or retire?
Membership is a lifetime benefit if you keep your account active and in good standing.

What services are offered to members?
Regular savings, premium savings, individual retirement accounts (IRAs), checking, lines of credit, personal loans, car loans, mortgage loans, equity lines and second mortgages.

Payroll Deduction and Direct Deposit
You can automatically send all or part of your pay to VACU. To send part of your pay, simply complete the VACU Payroll Deduction Authorization Form or you may elect to have direct deposit to your account by completing the Direct Deposit Authorization Form.

To learn more about the Virginia Credit Union, visit their web site.