Question 1

What is Halifax County Community Credit Union (VA)?

Accepted Answer

Halifax County Community Credit Union (VA) is a federally-chartered community credit union serving residents of Halifax County, Virginia. Established in 1981, this financial cooperative operates as a member-owned institution focused on providing accessible financial services to the rural communities in and around South Boston, Virginia.

With approximately $6.9 million in assets and serving over 1,500 members, the credit union maintains a strong commitment to its local community. As a low-income designated credit union by the NCUA, Halifax County Community Credit Union plays an important role in promoting financial inclusion and serving underserved populations in the region.

Question 2

When was Halifax County Community Credit Union (VA) founded?

Accepted Answer

Halifax County Community Credit Union (VA) was founded in 1981. The credit union was established to serve the financial needs of Halifax County residents, providing an alternative to traditional banking with a focus on cooperative ownership and member service.

Over the past four decades, the institution has remained dedicated to its founding mission of helping local community members achieve their financial goals through affordable loans and competitive savings products.

Question 3

Where is Halifax County Community Credit Union (VA) headquartered?

Accepted Answer

Halifax County Community Credit Union (VA) is headquartered in South Boston, Virginia. The main office is located at 1176 Huell Mathews Highway in South Boston, Virginia 24592.

South Boston serves as the county seat of Halifax County and is situated in south-central Virginia along the Dan River.

Question 4

Where does Halifax County Community Credit Union (VA) operate?

Accepted Answer

Halifax County Community Credit Union (VA) primarily operates in Halifax County, Virginia, serving the South Boston area and surrounding communities. As a community credit union, membership is typically available to individuals who live, work, worship, or attend school within Halifax County.

The credit union maintains its single branch location in South Boston, providing personalized service to the local community. Halifax County is a rural area in southern Virginia, and the credit union focuses its services on this geographic region.

Question 5

What services does Halifax County Community Credit Union (VA) offer?

Accepted Answer

Halifax County Community Credit Union (VA) offers fundamental financial services designed to meet the everyday needs of its members. Services include share (savings) accounts, checking accounts, and various loan products including auto loans.

The credit union provides online account access through their website, allowing members to manage their accounts digitally. Members can contact the credit union directly at 434-575-7916 or via email at info@hccfcu.org for assistance with their financial needs.

As a smaller community-focused institution, the credit union emphasizes personal service and accessibility for its members.

Question 6

What makes Halifax County Community Credit Union (VA) unique?

Accepted Answer

Halifax County Community Credit Union (VA) stands out for its deep commitment to serving a rural Virginia community with limited financial service options. The credit union's designation as a low-income credit union by the NCUA reflects its mission to provide financial services to underserved populations.

Operating for over 40 years in the same community, the credit union has built lasting relationships with its members. Its small size allows for personalized service and flexible approaches to meeting individual member needs.

The credit union's focus on Halifax County demonstrates a dedication to local economic development and financial empowerment in rural Virginia.

Question 7

What type of financial institution is Halifax County Community Credit Union (VA)?

Accepted Answer

Halifax County Community Credit Union (VA) is a Federal Credit Union, chartered and regulated by the National Credit Union Administration (NCUA). As a federally-chartered institution, it operates under federal oversight and all member deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

The credit union operates on a cooperative structure where members are also owners. Each member has equal voting rights regardless of account balance, embodying the democratic "one member, one vote" principle.

Membership is based on a community charter, meaning individuals who live, work, worship, or attend school in Halifax County, Virginia are eligible to join. This community-based membership model ensures the credit union serves the specific geographic area it was designed to support.

Halifax County Community Credit Union (VA)

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About Halifax County Community Credit Union (VA) in the United States