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Employer Identification Number 54-6038710

VIRGINIA EDUCATORS CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:VIRGINIA EDUCATORS CREDIT UNION
Employer identification number (EIN):54-6038710
EIN TypeTrusts, Estates, and Non-Profit/Exempt Organizations under the Tax Equity and Fiscal Responsibility Act (TEFRA)
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration VIRGINIA EDUCATORS CREDIT UNION 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

Organization Overview

Mission StatementTHE CREDIT UNION PROVIDED AFFORDABLE LOANS TO 3,044 INDIVIDUALS 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 AND SAVING SERVICES TO MEMBERS. THE CREDIT UNION'S MEMBERSHIP CONSISTS PRIMARILY OF STUDENTS, EDUCATORS, ALUMNI, AND RETIREES IN THE CITIES OF NEWPORT NEWS, WILLIAMSBURG, AND THE COUNTIES OF ISLE OF WIGHT, JAMES CITY, GLOUCESTER AND MATTHEWS, AND THEIR FAMILIES, AND INCLUDES MANY INDIVIDUALS NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS. IN 2012, THE CREDIT UNION WAS APPROVED BY THE NCUA AS "LOW INCOME," INCLUDING STUDENTS. VECU PROVIDED FREE FINANCIAL LITERACY TO STUDENTS (534), PTA MEMBERS, AND EDUCATORS WITHIN OUR FIELD OF MEMBERSHIP DURING THE YEAR.
Number of Employees36
Number of Volunteers13
Year Formed1954

Organization Governance

Legal DomicileVA
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 13,230
Program Service Revenue from prior yearUSD $ 1,461,422
Program Service Revenue from current yearUSD $ 1,226,791
Investment Income from prior yearUSD $ 127,670
Investment Income from current yearUSD $ 1,101,751
Other Revenue from current yearUSD $ 4,151
Gross receipts from all sourcesUSD $ 2,332,693
Net assets / fund balances at end of fiscal yearUSD $ 10,360,567
Net assets / fund balances at beginning of fiscal yearUSD $ 9,472,987
Total liabilities at end of fiscal yearUSD $ 69,454,882
Total liabilities at beginning of fiscal yearUSD $ 69,509,999
Total assets at end of fiscal yearUSD $ 79,815,449
Total assets at beginning of fiscal yearUSD $ 78,982,986
Revenues less expenses for current yearUSD $ 931,959
Revenues less expenses for previous yearUSD $ 197,032
Total expenses for current yearUSD $ 1,400,734
Total expenses for previous yearUSD $ 1,392,060
Other expenses in current yearUSD $ 1,029,491
Other expenses in previous yearUSD $ 949,310
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 371,243
Employee salary and benefits paid in previous yearUSD $ 442,750
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 $ 2,332,693
Total revenue in previous fiscal yearUSD $ 1,589,092
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 4,151
2021-12-31
Total unrelated business incomeUSD $ 14,529
Program Service Revenue from prior yearUSD $ 1,448,133
Program Service Revenue from current yearUSD $ 1,461,422
Investment Income from prior yearUSD $ 276,785
Investment Income from current yearUSD $ 127,670
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,589,092
Net assets / fund balances at end of fiscal yearUSD $ 9,472,987
Net assets / fund balances at beginning of fiscal yearUSD $ 9,282,186
Total liabilities at end of fiscal yearUSD $ 69,509,999
Total liabilities at beginning of fiscal yearUSD $ 67,764,905
Total assets at end of fiscal yearUSD $ 78,982,986
Total assets at beginning of fiscal yearUSD $ 77,047,091
Revenues less expenses for current yearUSD $ 197,032
Revenues less expenses for previous yearUSD $ 89,679
Total expenses for current yearUSD $ 1,392,060
Total expenses for previous yearUSD $ 1,635,239
Other expenses in current yearUSD $ 949,310
Other expenses in previous yearUSD $ 1,099,238
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 442,750
Employee salary and benefits paid in previous yearUSD $ 536,001
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 $ 1,589,092
Total revenue in previous fiscal yearUSD $ 1,724,918
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 18,683
Program Service Revenue from prior yearUSD $ 1,692,961
Program Service Revenue from current yearUSD $ 1,448,133
Investment Income from prior yearUSD $ 906,805
Investment Income from current yearUSD $ 276,785
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,724,918
Net assets / fund balances at end of fiscal yearUSD $ 9,282,186
Net assets / fund balances at beginning of fiscal yearUSD $ 9,192,443
Total liabilities at end of fiscal yearUSD $ 67,764,905
Total liabilities at beginning of fiscal yearUSD $ 57,174,768
Total assets at end of fiscal yearUSD $ 77,047,091
Total assets at beginning of fiscal yearUSD $ 66,367,211
Revenues less expenses for current yearUSD $ 89,679
Revenues less expenses for previous yearUSD $ 621,816
Total expenses for current yearUSD $ 1,635,239
Total expenses for previous yearUSD $ 1,977,950
Other expenses in current yearUSD $ 1,099,238
Other expenses in previous yearUSD $ 1,362,112
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 536,001
Employee salary and benefits paid in previous yearUSD $ 615,838
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 $ 1,724,918
Total revenue in previous fiscal yearUSD $ 2,599,766
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 24,411
Net unrelated business incomeUSD $ -183,179
Program Service Revenue from prior yearUSD $ 1,813,102
Program Service Revenue from current yearUSD $ 1,692,961
Investment Income from prior yearUSD $ 718,682
Investment Income from current yearUSD $ 906,805
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,599,766
Net assets / fund balances at end of fiscal yearUSD $ 9,192,443
Net assets / fund balances at beginning of fiscal yearUSD $ 8,558,239
Total liabilities at end of fiscal yearUSD $ 57,174,768
Total liabilities at beginning of fiscal yearUSD $ 57,172,709
Total assets at end of fiscal yearUSD $ 66,367,211
Total assets at beginning of fiscal yearUSD $ 65,730,948
Revenues less expenses for current yearUSD $ 621,816
Revenues less expenses for previous yearUSD $ 650,462
Total expenses for current yearUSD $ 1,977,950
Total expenses for previous yearUSD $ 1,881,322
Other expenses in current yearUSD $ 1,362,112
Other expenses in previous yearUSD $ 1,322,060
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 615,838
Employee salary and benefits paid in previous yearUSD $ 559,262
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 $ 2,599,766
Total revenue in previous fiscal yearUSD $ 2,531,784
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 27,141
Net unrelated business incomeUSD $ -182,330
Program Service Revenue from prior yearUSD $ 2,053,332
Program Service Revenue from current yearUSD $ 1,813,102
Investment Income from prior yearUSD $ 375,078
Investment Income from current yearUSD $ 718,682
Other Revenue from prior yearUSD $ 320,146
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,531,784
Net assets / fund balances at end of fiscal yearUSD $ 8,558,239
Net assets / fund balances at beginning of fiscal yearUSD $ 7,907,974
Total liabilities at end of fiscal yearUSD $ 57,172,709
Total liabilities at beginning of fiscal yearUSD $ 56,987,814
Total assets at end of fiscal yearUSD $ 65,730,948
Total assets at beginning of fiscal yearUSD $ 64,895,788
Revenues less expenses for current yearUSD $ 650,462
Revenues less expenses for previous yearUSD $ 785,860
Total expenses for current yearUSD $ 1,881,322
Total expenses for previous yearUSD $ 1,962,696
Other expenses in current yearUSD $ 1,322,060
Other expenses in previous yearUSD $ 1,382,157
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 559,262
Employee salary and benefits paid in previous yearUSD $ 580,539
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 $ 2,531,784
Total revenue in previous fiscal yearUSD $ 2,748,556
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 61,885
Net unrelated business incomeUSD $ -168,244
Program Service Revenue from prior yearUSD $ 2,219,782
Program Service Revenue from current yearUSD $ 2,053,332
Investment Income from prior yearUSD $ 169,040
Investment Income from current yearUSD $ 375,078
Other Revenue from current yearUSD $ 320,146
Gross receipts from all sourcesUSD $ 2,748,556
Net assets / fund balances at end of fiscal yearUSD $ 7,907,974
Net assets / fund balances at beginning of fiscal yearUSD $ 7,270,077
Total liabilities at end of fiscal yearUSD $ 56,987,814
Total liabilities at beginning of fiscal yearUSD $ 55,453,488
Total assets at end of fiscal yearUSD $ 64,895,788
Total assets at beginning of fiscal yearUSD $ 62,723,565
Revenues less expenses for current yearUSD $ 785,860
Revenues less expenses for previous yearUSD $ 346,414
Total expenses for current yearUSD $ 1,962,696
Total expenses for previous yearUSD $ 2,042,408
Other expenses in current yearUSD $ 1,382,157
Other expenses in previous yearUSD $ 1,404,130
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 580,539
Employee salary and benefits paid in previous yearUSD $ 638,278
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 $ 2,748,556
Total revenue in previous fiscal yearUSD $ 2,388,822
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 320,146
2016-12-31
Total unrelated business incomeUSD $ 71,037
Net unrelated business incomeUSD $ -209,307
Program Service Revenue from prior yearUSD $ 2,256,159
Program Service Revenue from current yearUSD $ 2,219,782
Investment Income from prior yearUSD $ 103,392
Investment Income from current yearUSD $ 169,040
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,388,822
Net assets / fund balances at end of fiscal yearUSD $ 7,270,077
Net assets / fund balances at beginning of fiscal yearUSD $ 6,692,572
Total liabilities at end of fiscal yearUSD $ 55,453,488
Total liabilities at beginning of fiscal yearUSD $ 53,317,687
Total assets at end of fiscal yearUSD $ 62,723,565
Total assets at beginning of fiscal yearUSD $ 60,010,259
Revenues less expenses for current yearUSD $ 346,414
Revenues less expenses for previous yearUSD $ 70,690
Total expenses for current yearUSD $ 2,042,408
Total expenses for previous yearUSD $ 2,288,861
Other expenses in current yearUSD $ 1,404,130
Other expenses in previous yearUSD $ 1,501,032
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 638,278
Employee salary and benefits paid in previous yearUSD $ 787,829
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 $ 2,388,822
Total revenue in previous fiscal yearUSD $ 2,359,551
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 87,972
Net unrelated business incomeUSD $ -200,285
Program Service Revenue from prior yearUSD $ 2,440,601
Program Service Revenue from current yearUSD $ 2,256,159
Investment Income from prior yearUSD $ 98,569
Investment Income from current yearUSD $ 103,392
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,359,551
Net assets / fund balances at end of fiscal yearUSD $ 6,692,572
Net assets / fund balances at beginning of fiscal yearUSD $ 6,621,125
Total liabilities at end of fiscal yearUSD $ 53,317,687
Total liabilities at beginning of fiscal yearUSD $ 52,002,579
Total assets at end of fiscal yearUSD $ 60,010,259
Total assets at beginning of fiscal yearUSD $ 58,623,704
Revenues less expenses for current yearUSD $ 70,690
Revenues less expenses for previous yearUSD $ 6,224
Total expenses for current yearUSD $ 2,288,861
Total expenses for previous yearUSD $ 2,532,946
Other expenses in current yearUSD $ 1,501,032
Other expenses in previous yearUSD $ 1,611,097
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 787,829
Employee salary and benefits paid in previous yearUSD $ 921,849
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 $ 2,359,551
Total revenue in previous fiscal yearUSD $ 2,539,170
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0

Other Company Names associated with EIN

CONSOLIDATED CREDIT UNIONS OF VIRGINIA

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 546038710

USA Location Address
12626 NETTLES DR
NEWPORT NEWS
VA
236062520
Date first seen: 2011-08-16
Date last seen: 2024-09-30
USA Mailing Address
12626 NETTLES DRIVE
NEWPORT NEWS
VA
23606
Date first seen: 2007-01-01
Date last seen: 2024-09-30
USA Mailing Address
4200 Marshall Avenue
Newport News
VA
23605
Date first seen: 2009-01-01
Date last seen: 2024-08-31

EIN Events

Event Date Event description
2009-12-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2009

Nearby companies/organizations

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

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