Credit union
Chartway Federal Credit Union
Virginia Beach, Virginia, Virginia Beach (city) County, VA
$3.2B in total assets and 257,809 members, the 157th largest of 4,298 US credit unions and 7th of 95 headquartered in Virginia.
- NCUA charter
- 13242
- Charter
- Federal
- Chartered
- 1959
- NCUA insured since
- 1971
- Field of membership
- Multiple common bond - primarily military
- Low-income designation
- Yes
- Website
- https://www.chartway.com
At a glance
Compared with 12 federally insured credit unions in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.2B | 67% | $2.4B | |
| Loans | $2.8B | 67% | $1.4B | |
| Deposits (shares) | $2.9B | 67% | $2.1B | |
| Members | 257,809 | 67% | 105,850 | |
| Return on assets | 0.41% | 25% | 0.73% | |
| Net interest income to assets | 3.79% | 75% | 3.21% | |
| Efficiency ratio | 73.2% | 50% | 71.8% | |
| Net worth ratio | 8.37% | 8% | 10.91% | |
| Loans to shares | 95% | 83% | 85% | |
| Cost of deposits | 1.88% | 67% | 1.83% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 4.2% a year over 10 years and 5.3% a year over the last 5, including 4 mergers in the last 10 years. Membership grew 6.1% a year over 5 years, to 257,809.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Jan 2021 | St. Matthews Federal Credit Union Credit union, Virginia Beach, VA | $5M |
| Aug 2020 | Cadmus Credit Union Incorporated Credit union, Richmond, VA | $1M |
| Jan 2019 | Portalliance Federal Credit Union Credit union, Norfolk, VA | $91M |
| Oct 2017 | Portsmouth VA City Employees Federal Credit Union Credit union, Portsmouth, VA | $2M |
| Jun 2013 | NCP Community Development Federal Credit Union Credit union, failed, Norfolk, VA | $2M |
| Apr 2011 | Utah Central Credit Union Credit union, failed, Salt Lake City, UT | $157M |
Where they operate
34 branches in 9 counties.
1 of 34 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Virginia Beach (city) County, VA | 8 | 21.1% | 2 of 9 |
| Salt Lake County, UT | 5 | 1.3% | 21 of 96 |
| Norfolk (city) County, VA | 5 | 22.7% | 1 of 9 |
| Washington County, UT | 4 | 6.7% | 6 of 19 |
| Harris County, TX | 3 | 0.3% | 54 of 179 |
| Tooele County, UT | 3 | 25.0% | 1 of 9 |
| Chesapeake (city) County, VA | 3 | 15.0% | 3 of 6 |
| Suffolk (city) County, VA | 2 | 18.2% | 1 of 8 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 50 | |
| 2017 | 48 | −2 |
| 2018 | 42 | −6 |
| 2019 | 38 | −4 |
| 2020 | 37 | −1 |
| 2021 | 39 | +2 |
| 2022 | 39 | 0 |
| 2023 | 39 | 0 |
| 2024 | 41 | +2 |
| 2025 | 41 | 0 |
| Jun 2026 | 34 | −7 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.15% | 0.64% |
| Net worth ratio | 8.37% | 10.91% |
| Loans to shares | 95% | 85% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Virginia
Most branches in Virginia Beach (city) County, VA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.