Best Banks and Credit Unions in Virginia

First on our list of the best banks in Virginia, Navy Federal Credit Union was founded on March 13, 1933, as Navy Department Employees’ Credit Union. It has a total of $158.85 Billion in assets and around 11 million customers. The CO-OP Network offers free access to more than 30,000 ATMs. Its headquarter is in Vienna, Virginia, United States.

The Navy Federal Credit Union has competitive interest rates that benefit many potential customers. Even though it has a small number of branches around the USA, it helps its customers via mobile applications and provides the best customer support.

Anheuser-Busch Employees’ Credit Union (ABECU) was founded in 1939  and has its headquarters in St. Louis, Missouri. The credit union also offers banking solutions in Ohio, as well as in Columbus.

The Credit Union holds $1.5 billion in assets and is a large family of more than 120,000 members.

ABECU is a complete solution for personal and business banking needs. The credit union offers savings accounts, checking accounts, CDs, IRAS, and business and personal loans, making it one of the best and most flexible banks in Virginia.

Blue Eagle Credit Union offers a variety of products and services to its members, including personal loans, home loans, auto loans, credit cards, savings, checking, discount movie & theme park tickets, bill pay, mobile app with remote deposit, IRAs, certificates and much, much, more!

Blue Eagle Credit Union is headquartered in Roanoke and is the largest credit union in the state of Virginia. It is also the 1,217th largest credit union in the nation. It was established in 1948 and as of September of 2022, it has grown to 63 employees and 17,214 members at 6 locations, making it one of the best banks in Virginia.

AgFed began in 1934, in Washington, DC and now serves individuals nationwide. Providing the highest quality of service.They are offering auto loans, credit cards, home equity loans, checking, and a wide range of other accounts with members’ interests always in mind. AgFed is federally insured by NCUA and is an equal housing lender.

With over $300 million in assets, over 25,000 members, and 6 AgFed branches, members have access to their accounts and services 24 hours a day, 7 days a week.

State Farm Federal Credit Union was founded in 1936 by G.E. Mecherle, the son of State Farm founder, G.J. Mecherle to offer benefits to employees and associates.

The credit union deals in a wide range of saving options including Primary accounts, secondary accounts, Trust accounts, business accounts, Minor accounts, IRA accounts, and Specialty accounts. They also offer loans for vehicle, personal, and business purposes.

They are attentive to the customer’s requirements and serve the community with all types of financial resources, making them one of the best banks in Virginia for those who value customer service.

Aspire is an NCUA insured institution located in Clark, NJ. It was founded in 1948 and has approximately $141.59 millions in assets. On January 4, 1937, Aspire Community Federal Credit Union was issued its original charter by NCUA as the Great Northern Employees Minot Credit Union. The name was changed to Tran Em Federal Credit Union on August 27, 1970. On December 29, 1986, the credit union became known as Prairie Federal Credit Union.

Provider of financial and credit services based in Clark, New Jersey. The company offers services including savings accounts, free rewards checking, new and used auto loans, auto refinances, home equity loans and lines of credit as well as personal loans, first mortgages and mortgage refinances, thereby helping customers achieve financial goals.

Another one of the best banks in Virginia, Ally bank is an online bank with no brick-and-mortar store available. However, it has a mobile application that helps you do banking transactions easily. The interest rates of Ally bank are highest for both savings and CDs. It was founded in 2009.

This online bank, which was established in 2009, is renowned for its reasonable rates, quick customer service, and cheap fees. An array of personal banking products and services are available through full-service online bank Ally Bank, including checking, savings, money market, CD, mortgage, auto, and personal loans, as well as investing and retirement services.

Bank of America is the second largest bank in the United States by assets. It is also the second-largest bank in terms of market capitalization, as well as a multinational bank and financial services company that operates as a bank holding company.

Bank of America offers a range of financial services for both large and small businesses, as well as individual customers. It provides banking, investing, and other financial services to more than 20 million customers.

It is one of the Big Four banks, along with JPMorgan Chase, Citigroup, and Wells Fargo. Bank of America offers banking, investing, credit cards, mortgages, loans, and other financial services to individuals and businesses.

Truist Bank was founded as a consequence of a merger between BB&T Corp. and SunTrust Banks Inc. in December 2019. Truist Bank currently has over 2,100 branches in 17 states and Washington, D.C., ranking it alongside Bank of America, Chase, and Wells Fargo as one of the largest banks in the United States.

The Truist Online Savings account has no monthly maintenance costs, which might help you meet your savings objectives more quickly. Furthermore, because there is no minimum deposit requirement, the account can be opened at any time, making it one of the best banks in Virginia for those who don’t have a large initial sum to deposit into their account.

A First Citizens BancShares subsidiary, CIT Group (CIT) is a provider of financial services in the United States and is one of the best banks in Virginia. It offers financial services, such as factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, leasing, and advisory services, largely to individuals, middle-market firms, and small businesses, mostly in North America. Digital access to accounts is available 4 hours a day.

Wrapping up our list of the best banks in Virginia, Chase is one of the largest in the country with US $4 trillion in assets. The bank offers a variety of banking products and services, and is present in around 100 countries all over the world.

Chase was founded in 1799. It is one of the oldest banks in the United States and it has been serving customers for over 223 years now. It was originally called the Manhattan Company and it was created by Aaron Burr, who served as its first president, and Samuel Tilden, who served as its first treasurer.

The company got its current name from an earlier merger with J.P Morgan & Co., which took place in 2000. It merged with Chemical Bank to form JPMorgan Chase & Co., which is still its legal name today.

It is also the largest U.S. credit card issuer by purchase volume and offers services like Amazon Prime Rewards Visa Signature Card (credit card), Chase Freedom Unlimited (credit card), etc.