Our rich heritage.

The earliest financial cooperatives date back to the beginning of the 19th century in England. A few decades later, credit unions were organized in Germany by Herman Schulze-Delitzsch and Friedrich Raiffeisen.

In the early 20th century, the credit union concept came across the Atlantic to Levis, Quebec where Alphonse Desjardins organized La Caisse Populaire de Levis to provide affordable credit to working class families. In 1909, Desjardins helped open the first credit union in the United States in Manchester, New Hampshire called St. Mary's Cooperative Credit Association. The concept caught fire and has been going strong here ever since.

In fact, there are more than 6,700 credit unions in the United States alone now, with combined assets of more than $1 trillion, serving more than 97 million members. Around the world, more than 200 million members are served by 56,000 credit unions in 101 countries. As you can see, it's a pretty big deal.

RiverTrace has been open since June of 1956. We were originally chartered as RF&P Federal Credit Union to serve employees of the Richmond, Fredericksburg & Potomac Railroad.

Through the years, our primary goal has been to serve the needs of our members through financial education, great products and services, and customized assistance. When we saw an opportunity to expand, we applied for a community charter and the rest, as they say, is history. So if you have questions about your membership or your finances, always feel free to give us a call or stop by the branch.

If you're not a member yet, let RiverTrace help you Chart Your Path. It's easy to enroll and we can take care of it for you when you open an account or apply for a loan.


Lobby Hours:

Monday-Wednesday: 9:00 - 5:00

Thursday: 10:00 - 5:00

Friday: 9:00 - 5:00

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