EIN 54-0578719

Virginia Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
912
Year formed
1928
Most recent tax filings
2022-12-01
Description
Virginia Credit Union is a financial cooperative owned by their members. They focus on helping members grow more confident about their money and the financial choices that support their lives.
Related structure
Virginia Credit Union is a child organization, under an unknown parent.
Also known as...
Virginia CU
Total revenues
$269,593,613
2022
Total expenses
$219,484,073
2022
Total assets
$5,086,460,688
2022
Num. employees
912
2022

Program areas at Virginia Credit Union

For this year's annual report, we are highlighting how the Credit Union proves its commitment through the wide range of financial education services and community partnerships. Those educational efforts in 2022 reached more than 90,000 individuals of all ages, a 50 percent increase over 2021. The Credit Union strives to improve financial wellness and resilience for members and the community. A few highlights from 2022 are youtube, vcu, financial success for women and nbc12. Children's money habits and attitudes are formed by age seven, so early financial literacy is essential. In 2022, the Credit Union created a youtube channel catered to young viewers. After just a few months 4-10 platforms had reached 18,500 views. Designed for ages 4-10, the videos and the accompanying lessons can be viewed at vacu.org/kids. The Credit Union's partnership with Virginia commonwealth university is reaching new heights. The Virginia Credit Union financial success center at vcu had more than 10,000 students, faculty or staff take an online class or participate in financial coaching last year. The center is helping students chart a path to financial success beyond graduation. In october, vacu organized its second online series of webinars specifically for women. The keynote speaker was professional communicator liza mickens, the great-great granddaughter of maggie l. walker. The series was filled with practical advice, and attendees could assess their financial knowledge both before and after the month-long program to track progress and identify areas for growth. The vice president for financial education, cherry dale, was featured in 35 segments on nbc12 during 2022, offering helpful advice on managing Credit, saving for the future, borrowing wisely and guiding young people in learning to manage money. As members of vacu, all of us can be justifiably proud of these important efforts to boost financial knowledge and health.

Grants made by Virginia Credit Union

GranteeGrant descriptionAmount
Virginia Commonwealth University School of Business FoundationVacu Financial Success Center at Vcu$1,000,000
Children's Miracle Network Hospitals (CMN Hospitals)General Support$25,000
Junior Achievement of Central VaJa Finance Park Volunteer Room Sponsorship$22,800
...and 7 more grants made

Personnel at Virginia Credit Union

NameTitleCompensation
Christopher ShockleyPresident and Chief Executive Officer / Executive Vice President and MS$1,926,018
Christopher N SanedaSevp and Chief Operating Officer / Sevp Data and Digital Innov / Senior Vice President and Chief Information Officer$1,099,386
Stephanie N VickExecutive Vice President and Chief Financial Officer$772,554
John StoneExecutive Vice President Finance Ser and Cuso President / Executive Vice President Financial Services and Cuso President / Executive Vice President Financial Services / Vice President and Financial Services$545,372
Maryann FatheddinExecutive Vice President Human Resources$488,037
...and 6 more key personnel

Financials for Virginia Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$238,703,973
Investment income and dividends$29,054,649
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,834,991
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$269,593,613

Form 990s for Virginia Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2018-122020-01-27990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 1 new personnel
December 31, 2023
Used new vendors
Identified 1 new vendor, including
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 90010
Richmond, VA 23225
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
vacu.org/ 
Phone
(800) 285-6609
IRS details
EIN
54-0578719
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1928
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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