Credit union · NCUA insured
Newport News Municipal Employees Credit Union
A $55.2M credit union headquartered in Newport News, VA, with 3,902 members and 2 branches in Virginia. Best rates: CDs 0.05% and savings 0.00% APY.
Newport News Municipal Employees Credit Union Carrot Score
61
Carrot Score
Higher than 3% of U.S. banks and credit unions
#33 of 35 in Virginia Beach, VA-NC metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Newport News Municipal Employees Credit Union
Newport News Municipal Employees Credit Union is a member-owned financial institution that was granted a state charter on September 21, 1950.
After 25 years of operation, the credit union reached its first $1 million in assets.
- Headquarters
- 502 Operations Dr, Newport News, VA 23602-6989
- NCUA charter
- 66970
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of persons, firms, and corporations under contract to the City of Newport News are eligible for membership.
- Employees of the Newport News Municipal Employees Credit Union are eligible for membership.
Military, government and schools
- Members and employees of boards, commissions, committees, and agencies of the City of Newport News are eligible for membership.
- Employees of the City of Newport News are eligible for membership.
- Constitutional officers of the City of Newport News and their employees are eligible for membership.
- North Shore employees of the Hampton Roads Sanitation District are eligible for membership.
3 more ways to join
Family and household
- Family members related by blood, marriage, or adoption of eligible employment groups are eligible for membership.
Other ways
- The corporation of Newport News and its subsidiaries are eligible for membership.
- Persons retired from qualifying employment as pensioners and/or annuitants are eligible for membership.
Cost to join
- Joining requires a $5 deposit to a Savings Account.
Branches
2 branches in Virginia
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Virginia
2 branches
- NnmecuMain office502 Operations Dr, Newport News, VA 23602Directions
- CO-OP Shared Branching web site502 Operations Dr., Newport News, VA 23602Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.27% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.64% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.21% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $48 | $59 | — |
- CapitalNet worth ratio10.27%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.64%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.21%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$48Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Newport News Municipal Employees Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.