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
Personnel at Virginia Credit Union
Name | Title | Compensation | Date of data |
---|
Christopher Shockley | President and Chief Executive Officer / Executive Vice President and MS | $1,926,018 | 2022-12-31 |
Christopher N Saneda | Sevp and Chief Operating Officer / Sevp Data and Digital Innov / Senior Vice President and Chief Information Officer | $1,099,386 | 2022-12-31 |
Stephanie N Vick | Executive Vice President and Chief Financial Officer | $772,554 | 2023-11-13 |
John Stone | Executive 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 | 2022-12-31 |
Maryann Fatheddin | Executive Vice President Human Resources | $488,037 | 2022-12-31 |
...and 6 more key personnel |
Financials for Virginia Credit Union
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $238,703,973 | $228,504,977 | 4.5% |
Investment income and dividends | $29,054,649 | $15,594,283 | 86.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $1,834,991 | $18,989,719 | -90.3% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $269,593,613 | $263,088,979 | 2.5% |
Organizations like Virginia Credit Union
Organization | Type | Location | Revenue |
---|
Bayport Credit Union | 501(c)(14) | Newport News, VA | $114,363,682 |
DuPont Community Credit Union (DCCU) | 501(c)(14) | Waynesboro, VA | $68,512,991 |
First Community Credit Union of Houston | 501(c)(14) | Houston, TX | $98,421,005 |
Texas Trust Credit Union | 501(c)(14) | Arlington, TX | $83,493,624 |
Fox Communities Credit Union (FOXCU) | 501(c)(14) | Appleton, WI | $104,390,989 |
Lake Trust Credit Union | 501(c)(14) | Brighton, MI | $102,003,770 |
Credit Unions Chartered in the State of Michigan - 425 Michigan Schools and Govt Cred | 501(c)(14) | Clinton Township, MI | $126,760,665 |
Financial Partners Credit Union | 501(c)(14) | Downey, CA | $83,728,887 |
Atlanta Postal Credit Union (APCU) | 501(c)(14) | Atlanta, GA | $95,502,875 |
Alabama Credit Union | 501(c)(14) | Tuscaloosa, AL | $76,294,666 |
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/Â
- 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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