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Employer Identification Number 54-0314180

NEWPORT NEWS SHIPBUILDING EMPLOYEES' CREDIT UNION, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:NEWPORT NEWS SHIPBUILDING EMPLOYEES' CREDIT UNION, INC.
Employer identification number (EIN):54-0314180
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration NEWPORT NEWS SHIPBUILDING EMPLOYEES' CREDIT UNION, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationVirgninia, VA

Organization Overview

Mission StatementTHE CREDIT UNION PROVIDED AFFORDABLE LOANS TO OVER 16,000 MEMBERS DURING THE YEAR. MANY OF THE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE CREDIT UNION PROVIDED DEPOSITORY SERVICES TO MEMBERS PROVIDING BRANCHES, ON-LINE BANKING, FINANCIAL COUNSELING SERVICES, HOME BUYING AND RETIREMENT SEMINARS, FINANCIAL EDUCATION, SCHOLARSHIPS AND NUMEROUS OTHER RELATED SERVICES. THE CREDIT UNION'S MEMBERSHIP CONSISTS OF PRIMARILY INDIVIDUALS IN THE HAMPTON ROADS AREA AND INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS.
Number of Employees553
Number of Volunteers76
Year Formed1928

Organization Governance

Legal DomicileVA
Voting Members - Governing Body13
Voting Members - Independent13

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ -332,198
Net unrelated business incomeUSD $ 342,093
Program Service Revenue from prior yearUSD $ 96,417,529
Program Service Revenue from current yearUSD $ 106,387,526
Investment Income from prior yearUSD $ 3,597,288
Investment Income from current yearUSD $ 8,308,354
Other Revenue from prior yearUSD $ 69,006
Other Revenue from current yearUSD $ -332,198
Gross receipts from all sourcesUSD $ 115,796,547
Net assets / fund balances at end of fiscal yearUSD $ 194,482,403
Net assets / fund balances at beginning of fiscal yearUSD $ 212,625,263
Total liabilities at end of fiscal yearUSD $ 2,092,334,993
Total liabilities at beginning of fiscal yearUSD $ 2,066,085,502
Total assets at end of fiscal yearUSD $ 2,286,817,396
Total assets at beginning of fiscal yearUSD $ 2,278,710,765
Revenues less expenses for current yearUSD $ 14,582,238
Revenues less expenses for previous yearUSD $ 4,793,343
Total expenses for current yearUSD $ 99,781,444
Total expenses for previous yearUSD $ 95,290,480
Other expenses in current yearUSD $ 60,240,221
Other expenses in previous yearUSD $ 56,328,537
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 39,541,223
Employee salary and benefits paid in previous yearUSD $ 38,961,943
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 114,363,682
Total revenue in previous fiscal yearUSD $ 100,083,823
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 69,006
Net unrelated business incomeUSD $ 343,530
Program Service Revenue from prior yearUSD $ 89,926,453
Program Service Revenue from current yearUSD $ 96,417,529
Investment Income from prior yearUSD $ 4,385,765
Investment Income from current yearUSD $ 3,597,288
Other Revenue from prior yearUSD $ 714,977
Other Revenue from current yearUSD $ 69,006
Gross receipts from all sourcesUSD $ 101,425,179
Net assets / fund balances at end of fiscal yearUSD $ 212,625,263
Net assets / fund balances at beginning of fiscal yearUSD $ 194,665,760
Total liabilities at end of fiscal yearUSD $ 2,066,085,502
Total liabilities at beginning of fiscal yearUSD $ 1,797,747,927
Total assets at end of fiscal yearUSD $ 2,278,710,765
Total assets at beginning of fiscal yearUSD $ 1,992,413,687
Revenues less expenses for current yearUSD $ 4,793,343
Revenues less expenses for previous yearUSD $ 3,284,757
Total expenses for current yearUSD $ 95,290,480
Total expenses for previous yearUSD $ 91,742,438
Other expenses in current yearUSD $ 56,328,537
Other expenses in previous yearUSD $ 54,577,912
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 38,961,943
Employee salary and benefits paid in previous yearUSD $ 37,164,526
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 100,083,823
Total revenue in previous fiscal yearUSD $ 95,027,195
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 36,769
Net unrelated business incomeUSD $ 245,998
Program Service Revenue from prior yearUSD $ 88,995,675
Program Service Revenue from current yearUSD $ 89,926,453
Investment Income from prior yearUSD $ 6,924,538
Investment Income from current yearUSD $ 4,385,765
Other Revenue from prior yearUSD $ 821,806
Other Revenue from current yearUSD $ 714,977
Gross receipts from all sourcesUSD $ 96,612,815
Net assets / fund balances at end of fiscal yearUSD $ 194,665,760
Net assets / fund balances at beginning of fiscal yearUSD $ 199,623,394
Total liabilities at end of fiscal yearUSD $ 1,797,747,927
Total liabilities at beginning of fiscal yearUSD $ 1,544,206,190
Total assets at end of fiscal yearUSD $ 1,992,413,687
Total assets at beginning of fiscal yearUSD $ 1,743,829,584
Revenues less expenses for current yearUSD $ 3,284,757
Revenues less expenses for previous yearUSD $ 12,699,288
Total expenses for current yearUSD $ 91,742,438
Total expenses for previous yearUSD $ 84,042,731
Other expenses in current yearUSD $ 54,577,912
Other expenses in previous yearUSD $ 52,613,031
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 37,164,526
Employee salary and benefits paid in previous yearUSD $ 31,429,700
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 95,027,195
Total revenue in previous fiscal yearUSD $ 96,742,019
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 678,208
2018-12-31
Total unrelated business incomeUSD $ 278,501
Net unrelated business incomeUSD $ 416,030
Program Service Revenue from prior yearUSD $ 78,346,438
Program Service Revenue from current yearUSD $ 85,576,649
Investment Income from prior yearUSD $ 4,192,896
Investment Income from current yearUSD $ 7,435,864
Other Revenue from prior yearUSD $ -40,956
Other Revenue from current yearUSD $ 278,501
Gross receipts from all sourcesUSD $ 94,619,281
Net assets / fund balances at end of fiscal yearUSD $ 201,235,699
Net assets / fund balances at beginning of fiscal yearUSD $ 187,118,189
Total liabilities at end of fiscal yearUSD $ 1,416,046,673
Total liabilities at beginning of fiscal yearUSD $ 1,383,879,005
Total assets at end of fiscal yearUSD $ 1,617,282,372
Total assets at beginning of fiscal yearUSD $ 1,570,997,194
Revenues less expenses for current yearUSD $ 10,690,701
Revenues less expenses for previous yearUSD $ 7,276,943
Total expenses for current yearUSD $ 82,600,313
Total expenses for previous yearUSD $ 75,221,435
Other expenses in current yearUSD $ 52,270,043
Other expenses in previous yearUSD $ 45,008,332
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 30,330,270
Employee salary and benefits paid in previous yearUSD $ 30,213,103
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 93,291,014
Total revenue in previous fiscal yearUSD $ 82,498,378
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 419,336
Net unrelated business incomeUSD $ 500,521
Program Service Revenue from prior yearUSD $ 73,682,265
Program Service Revenue from current yearUSD $ 78,346,438
Investment Income from prior yearUSD $ 3,539,647
Investment Income from current yearUSD $ 4,192,896
Other Revenue from current yearUSD $ -40,956
Gross receipts from all sourcesUSD $ 83,608,604
Net assets / fund balances at end of fiscal yearUSD $ 187,118,189
Net assets / fund balances at beginning of fiscal yearUSD $ 176,936,347
Total liabilities at end of fiscal yearUSD $ 1,383,879,005
Total liabilities at beginning of fiscal yearUSD $ 1,341,738,231
Total assets at end of fiscal yearUSD $ 1,570,997,194
Total assets at beginning of fiscal yearUSD $ 1,518,674,578
Revenues less expenses for current yearUSD $ 7,276,943
Revenues less expenses for previous yearUSD $ 5,735,817
Total expenses for current yearUSD $ 75,221,435
Total expenses for previous yearUSD $ 71,486,095
Other expenses in current yearUSD $ 45,008,332
Other expenses in previous yearUSD $ 41,508,373
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 30,213,103
Employee salary and benefits paid in previous yearUSD $ 29,977,722
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 82,498,378
Total revenue in previous fiscal yearUSD $ 77,221,912
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ -460,292
2016-12-31
Total unrelated business incomeUSD $ -72,476
Program Service Revenue from prior yearUSD $ 67,449,396
Program Service Revenue from current yearUSD $ 73,682,265
Investment Income from prior yearUSD $ 4,176,583
Investment Income from current yearUSD $ 3,539,647
Other Revenue from prior yearUSD $ 129,706
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 78,848,100
Net assets / fund balances at end of fiscal yearUSD $ 176,936,347
Net assets / fund balances at beginning of fiscal yearUSD $ 168,921,928
Total liabilities at end of fiscal yearUSD $ 1,341,738,231
Total liabilities at beginning of fiscal yearUSD $ 1,279,780,921
Total assets at end of fiscal yearUSD $ 1,518,674,578
Total assets at beginning of fiscal yearUSD $ 1,448,702,849
Revenues less expenses for current yearUSD $ 5,735,817
Revenues less expenses for previous yearUSD $ 5,819,180
Total expenses for current yearUSD $ 71,486,095
Total expenses for previous yearUSD $ 65,936,505
Other expenses in current yearUSD $ 41,508,373
Other expenses in previous yearUSD $ 38,527,394
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 29,977,722
Employee salary and benefits paid in previous yearUSD $ 27,409,111
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 77,221,912
Total revenue in previous fiscal yearUSD $ 71,755,685
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 72,476
2015-12-31
Total unrelated business incomeUSD $ -97,105
Net unrelated business incomeUSD $ -49,969
Program Service Revenue from prior yearUSD $ 63,212,871
Program Service Revenue from current yearUSD $ 67,449,396
Investment Income from prior yearUSD $ 5,098,960
Investment Income from current yearUSD $ 4,176,583
Other Revenue from prior yearUSD $ 444,357
Other Revenue from current yearUSD $ 129,706
Gross receipts from all sourcesUSD $ 72,139,896
Net assets / fund balances at end of fiscal yearUSD $ 168,921,928
Net assets / fund balances at beginning of fiscal yearUSD $ 170,235,439
Total liabilities at end of fiscal yearUSD $ 1,279,780,921
Total liabilities at beginning of fiscal yearUSD $ 1,177,364,891
Total assets at end of fiscal yearUSD $ 1,448,702,849
Total assets at beginning of fiscal yearUSD $ 1,347,600,330
Revenues less expenses for current yearUSD $ 5,819,180
Revenues less expenses for previous yearUSD $ 6,662,691
Total expenses for current yearUSD $ 65,936,505
Total expenses for previous yearUSD $ 62,093,497
Other expenses in current yearUSD $ 38,527,394
Other expenses in previous yearUSD $ 36,644,782
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 27,409,111
Employee salary and benefits paid in previous yearUSD $ 25,448,715
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 71,755,685
Total revenue in previous fiscal yearUSD $ 68,756,188
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 226,811
2014-12-31
Total unrelated business incomeUSD $ 13,713
Net unrelated business incomeUSD $ -18,024
Program Service Revenue from prior yearUSD $ 62,468,054
Program Service Revenue from current yearUSD $ 63,212,871
Investment Income from prior yearUSD $ 5,657,618
Investment Income from current yearUSD $ 5,098,960
Other Revenue from current yearUSD $ 444,357
Gross receipts from all sourcesUSD $ 68,845,421
Net assets / fund balances at end of fiscal yearUSD $ 170,235,439
Net assets / fund balances at beginning of fiscal yearUSD $ 161,187,042
Total liabilities at end of fiscal yearUSD $ 1,177,364,891
Total liabilities at beginning of fiscal yearUSD $ 1,155,241,888
Total assets at end of fiscal yearUSD $ 1,347,600,330
Total assets at beginning of fiscal yearUSD $ 1,316,428,930
Revenues less expenses for current yearUSD $ 6,662,691
Revenues less expenses for previous yearUSD $ 8,866,781
Total expenses for current yearUSD $ 62,093,497
Total expenses for previous yearUSD $ 59,258,891
Other expenses in current yearUSD $ 36,644,782
Other expenses in previous yearUSD $ 34,666,401
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 25,448,715
Employee salary and benefits paid in previous yearUSD $ 24,592,490
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 68,756,188
Total revenue in previous fiscal yearUSD $ 68,125,672
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 430,644

Other Company Names associated with EIN

BAYPORT CREDIT UNION

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 540314180

USA Mailing Address
11820 FOUNTAIN WAY, SUITE 400
NEWPORT NEWS
VA
236064478
Date first seen: 2010-09-24
Date last seen: 2018-06-30
USA Mailing Address
11820 FOUNTAIN WAY
SUITE 400
NEWPORT NEWS
VA
23606
Date first seen: 2007-01-01
Date last seen: 2024-09-30
USA Mailing Address
1 BAYPORT WAY, SUITE 350
NEWPORT NEWS
VA
236064571
Date first seen: 2017-09-26
Date last seen: 2018-09-12

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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