RVA Financial Information

We empower RVA. Since 1950, we have served Richmond and the Metro Richmond area. As a non-profit financial cooperative, we are here solely to empower you and our wonderful community. RVA Financial was organized on August 23, 1950 as the Richmond, Virginia Municipal Federal Credit Union to provide financial services to employees of the City of Richmond. The National Credit Union Administration approved the charter the following month, and the first membership meeting was held on September 14, 1950. In 1984, the first branch was opened in the Schools Building near the home of the Atlanta Braves Triple-A farm team at The Diamond. In the spring of 1989, the credit union opened a brand-new replacement location at 1700 Robin Hood Road to serve as the head office, now known as the Thomas J. Amiss Credit Union Center. At the same time, the name of the credit union was changed to VaCap Federal Credit Union to reflect the fact that membership eligibility had been expanded to include employees of entities other than the City. In March 1991, the Richmond Memorial Hospital Credit Union was merged into VaCap, and in February 1992, the credit union for the local Kraft Foods plant also became a part of VaCap. In 2007, the credit union’s name again changed, this time to New Generations. A community charter was granted to New Generations in 2014, allowing the credit union to serve those who live, work, worship, or attend school in the City of Richmond as well as the surrounding counties of Chesterfield, Goochland, Hanover, and Henrico. In 2017, with a desire to return to its roots and serve the City of Richmond, the credit union changed its name once again to RVA Financial. Today, RVA Financial serves over 13,000 customers, referred to as members. These members each own the credit union and have a say in its operation as a non-profit financial cooperative.