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Credit Union of Richmond, formerly Richmond Postal Credit Union is the oldest continuously open credit union in the U.S. state of Virginia.[1] In June 2017, the credit union changed its name. The change came due to the need to reach those in the city of Richmond.
Accredited in November 1923, the credit union was started by Richmond area postal workers. Operations began in the basement at the historical Brook Road postal headquarters.
Richmond Postal Credit Union filed an application on September 22, 2004 with the Virginia Bureau of Financial Institutions of the State Corporation Commission to expand its field-of-membership to include the City of Richmond, which qualified as a "Distressed Community/Investment Area" based on Year 2000 U.S. Census Bureau data. The estimated U.S. Census population of Richmond in 2004 was 194,729.[2]
On November 19, 2004, Richmond Postal Credit Union was approved to expand membership to the city of Richmond.[3]
References
edit- ^ "Richmond Postal Credit Union > About Us". www.richpcu.org. Richmond Postal Credit Union. Archived from the original on 6 August 2016. Retrieved 8 June 2016.
- ^ "Richmond Postal CU Applies to Expand FOM to Include Distressed Community". Credit Union Times. 6 October 2004. Retrieved 6 July 2016.
- ^ "Weekly Information Bulletin (December 3, 2004)" (PDF). State Corporation Commission. Retrieved 6 July 2016.