Welcome to New Generations Federal Credit Union! We are a federally chartered, federally insured financial cooperative headquartered in Virginia’s beautiful state capital, Richmond, since 1950. As a credit union that serves Central Virginia, we leverage our member-owned, non-profit status to your advantage in the form of low loan rates, low (and few) fees, and high savings rates. The fact that we are wholly-owned by our 14,000 members and don’t have to answer to shareholders or institutional investors means that New Generations is here solely to serve you and your family. We are proud of the strong, family-oriented mission that this business structure allows us to take out into the community.
Originally serving employees of the City of Richmond (a core membership group for us even today), over the years we subsequently welcomed the employees of over 700 Richmond-area businesses into our fold. As New Generations Federal Credit Union continued to grow in size, we expanded membership eligibility even further so that today anyone who lives, works, worships, or attends school in the counties of Chesterfield, Goochland, Hanover, and Henrico, as well as the City of Richmond, qualifies for membership. Further, existing members’ immediate family members (no matter their location) and household members are also eligible to join!
We invite you to stop by and visit one of our four area locations today to see what makes New Generations Federal Credit Union different from anything you’ve ever experienced. We look forward to meeting you!