Question 1

What is Raleigh County Credit Union (RCCU)?

Accepted Answer

Raleigh County Credit Union (RCCU) is a federally chartered credit union serving members in the Beckley, West Virginia area. With approximately $19.6 million in total assets and over 2,000 members, RCCU operates as a community-focused financial cooperative providing traditional banking services to its membership base in southern West Virginia. The credit union maintains its headquarters at the VA Medical Center campus in Beckley, reflecting its connection to the local veteran and community population.

Question 2

When was Raleigh County Credit Union (RCCU) founded?

Accepted Answer

While the exact founding date is not publicly available, Raleigh County Credit Union operates under federal charter number 7790, indicating its establishment as a federally chartered credit union. The credit union has served the Raleigh County community for decades, evolving to meet the financial needs of its members throughout the changing economic landscape of southern West Virginia's coal country region.

Question 3

Where is Raleigh County Credit Union (RCCU) headquartered?

Accepted Answer

Raleigh County Credit Union is headquartered at 200 Veterans Avenue in Beckley, West Virginia. This location places the credit union at the VA Medical Center campus, positioning it to serve both veterans and the broader Raleigh County community.

Question 4

Where does Raleigh County Credit Union (RCCU) operate?

Accepted Answer

RCCU primarily serves members in Raleigh County, West Virginia, with its operations centered in Beckley. Beckley serves as the county seat and largest city in Raleigh County, located in the southern portion of the state. The credit union's field of membership appears to be community-based, serving residents who live, work, worship, or attend school in Raleigh County and their family members.

Question 5

What services does Raleigh County Credit Union (RCCU) offer?

Accepted Answer

Raleigh County Credit Union provides a range of traditional credit union services to its members. These include share savings accounts, checking accounts, and various loan products such as personal loans, auto loans, and other consumer lending options.

Members also have access to modern digital banking services through online banking and mobile banking platforms. The credit union participates in shared branching networks, allowing members to conduct transactions at other participating credit unions across the country.

Additional services include debit card access, direct deposit, payroll deduction capabilities, and member financial education resources designed to help members achieve their financial goals.

Question 6

What makes Raleigh County Credit Union (RCCU) unique?

Accepted Answer

Raleigh County Credit Union distinguishes itself through its strong community ties in southern West Virginia's Raleigh County region. Its location at the VA Medical Center campus demonstrates a commitment to serving veterans and their families, though membership extends to the broader community.

As a smaller credit union with just over 2,000 members, RCCU offers personalized service and maintains strong relationships with its member-owners. The credit union has demonstrated resilience through economic changes in the region, which has historically been tied to the coal industry.

With a healthy net worth ratio of 13.21% and return on assets of nearly 1%, RCCU maintains solid financial stability while focusing on member service rather than profit maximization. The credit union has designated low-income status, enabling it to better serve economically disadvantaged members of the community.

Question 7

What type of financial institution is Raleigh County Credit Union (RCCU)?

Accepted Answer

Raleigh County Credit Union is a federal credit union chartered under federal law and regulated by the National Credit Union Administration (NCUA). As a federal credit union, RCCU operates as a not-for-profit financial cooperative owned by its members.

Membership at RCCU follows community charter guidelines, allowing individuals who live, work, worship, or attend school in Raleigh County, West Virginia, to join. Family members of existing members are also eligible for membership. All deposits are federally insured up to $250,000 by the NCUA, providing the same level of protection as FDIC insurance at banks.

As a cooperative, members have voting rights and elect the board of directors from among the membership, ensuring democratic control and member-focused operations.

Raleigh County Credit Union (RCCU)

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About Raleigh County Credit Union (RCCU) in the United States