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EIN 54-6038710

Virginia Educators Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
16
City
Newport News
State
Virginia
Year formed
1954
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Virginia Educators Credit Union provides affordable financial services to its members, including loan relationships, depository services, credit cards and internet banking at convenient locations by professionals who provide excellent service. During the year, the Credit Union provided affordable loans to 1,762 individuals who may not have been able to obtain such loans from other financial institutions. Additionally, it provided depository and saving services. The Credit Union is located in Newport News, VA.
Related structure
Virginia Educators Credit Union is a child organization, under an unknown parent.
Also known as...
Virginia Educators CU
Total revenues
$2,332,693
2022
Total expenses
$1,400,734
2022
Total assets
$79,815,449
2022
Num. employees
16
2022

Program areas at Virginia Educators Credit Union

The Credit Union provided affordable loans to 381 individuals during the year. Many of these individuals would not have been able to obtain such loans from other financial institutions. In addition, the Credit Union provided depository services to members. The Credit Union provided free financial literacy presentations and services within various schools.

Personnel at Virginia Educators Credit Union

NameTitleCompensation
Sharon ContiPresident and Chief Executive Officer
Steven KanehlSecretary$0
Dennis JarrettTreasurer / Director$0
Anne EdisonChairperson / Vice Chairman / Vice Chairpersn / Director$0
Reginald FoxVice - Chair / Director$0
...and 2 more key personnel

Financials for Virginia Educators Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,226,791
Investment income and dividends$1,101,751
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,151
Total revenues$2,332,693

Form 990s for Virginia Educators Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-01990View PDF
2020-122021-11-10990View PDF
2019-122021-06-24990View PDF
2018-122020-02-13990View PDF
...and 9 more Form 990s

Organizations like Virginia Educators Credit Union

OrganizationLocationRevenue
Newport News Municipal Employees Credit UnionNewport News, VA$1,797,221
Hampton Roads Educators' Credit UnionHampton, VA$2,070,345
The United Methodist Credit UnionRichmond, VA$1,011,950
PFD Firefighters Credit UnionPortsmouth, VA$1,409,974
Richmond Va Fire Police Credit UnionRichmond, VA$798,681
Prime Care Credit UnionNorfolk, VA$814,955
The Credit Union of RichmondRichmond, VA$3,461,408
Piedmont Credit UnionDanville, VA$3,455,880
Jackson River Community Credit UnionCovington, VA$5,733,008
Loudoun Credit UnionLeesburg, VA$2,146,668
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 2 new personnel
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
12626 Nettles Dr
Newport News, VA 23606
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Newport News city, VA
Website URL
vecu.org/ 
Phone
(757) 930-2425
IRS details
EIN
54-6038710
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
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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