Civic Intelligence

Blue Eagle Credit Union

990 • Fiscal year 2020 • EIN 54-0585044

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 17, 2021

Organization ProfileWWW.BLUEEAGLECREDITUNION.COM

View Organization Page

PO Box 12405Roanoke, VA 24025-2405

(540) 342-3429

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.91x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

14.60x

Higher debt load relative to revenue than 15% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

35th percentile

7.1%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$263,445

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

55th percentile

18%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

0.8%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$185,748,201

Up $37,149,183 (+25%) from 2018

Net Assets

Up

$17,374,151

Up $752,423 (+4.5%) from 2018

Liabilities

Up

$168,374,050

Up $36,396,760 (+28%) from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin35th percentile

Revenue

Up

$11,531,825

Up $1,403,190 (+14%) from 2018

Expenses

Up

$10,714,629

Up $1,022,633 (+11%) from 2018

Net Income

Up

$817,196

Up $380,557 (+87%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2014: $128,543,272Liabilities 2014: $113,510,128Net Assets 2014: $15,033,1442014Assets 2015: $137,909,873Liabilities 2015: $121,566,021Net Assets 2015: $16,343,8522015Assets 2016: $145,860,419Liabilities 2016: $129,362,196Net Assets 2016: $16,498,2232016Assets 2017: $151,353,793Liabilities 2017: $134,873,557Net Assets 2017: $16,480,2362017Assets 2018: $148,599,018Liabilities 2018: $131,977,290Net Assets 2018: $16,621,7282018Assets 2020: $185,748,201Liabilities 2020: $168,374,050Net Assets 2020: $17,374,1512020Assets 2021: $202,756,828Liabilities 2021: $182,657,917Net Assets 2021: $20,098,9112021Assets 2022: $210,817,855Liabilities 2022: $189,292,647Net Assets 2022: $21,525,2082022Assets 2024: $240,666,065Liabilities 2024: $212,589,077Net Assets 2024: $28,076,9882024

Highlighted filing

2020

Assets$185,748,201
Liabilities$168,374,050
Net Assets$17,374,151
Open 2020 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Revenue 2014: $7,110,412Expenses 2014: $5,810,922Net Income 2014: $1,299,4902014Revenue 2015: $7,785,102Expenses 2015: $6,629,717Net Income 2015: $1,155,3852015Revenue 2016: $8,738,561Expenses 2016: $8,029,503Net Income 2016: $709,0582016Revenue 2017: $9,666,616Expenses 2017: $9,185,926Net Income 2017: $480,6902017Revenue 2018: $10,128,635Expenses 2018: $9,691,996Net Income 2018: $436,6392018Revenue 2020: $11,531,825Expenses 2020: $10,714,629Net Income 2020: $817,1962020Revenue 2021: $12,633,152Expenses 2021: $10,723,444Net Income 2021: $1,909,7082021Revenue 2022: $14,015,517Expenses 2022: $11,772,569Net Income 2022: $2,242,9482022Revenue 2024: $19,187,958Expenses 2024: $16,287,773Net Income 2024: $2,900,1852024

Highlighted filing

2020

Revenue$11,531,825
Expenses$10,714,629
Net Income$817,196
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 17, 2021
Return Version
2020v4.1
Gross Receipts
$11,531,825
Mission and Program Overview

Mission

Blue eagle credit union has been committed to serving its members and their families in getting ahead financially since 1948. Blue eagle credit union is passionate about matching its members with the right solutions that present opportunity for long-term financial security.

'DELIVERING SOLUTIONS'

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$118,299,756$129,862,636▲ $11,562,880
Investments Other Securities$21,906,449$23,659,569▲ $1,753,120
Rtn Earn Endowment Incm Other Fnds$17,518,547$17,374,151▼ $144,396
Cash and Non-Interest-Bearing Accounts$1,034,979$11,131,982▲ $10,097,003
Accounts Receivable$2,781,021$5,576,008▲ $2,794,987
Land, Buildings, and Equipment, Net$3,575,189$4,107,058▲ $531,869
Prepaid Expenses and Deferred Charges$210,169$94,195▼ $115,974
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$157,729,603$185,748,201▲ $28,018,598
Other Assets Total$9,922,040$11,316,753▲ $1,394,713
Liabilities
Other Liabilities$138,341,328$166,908,434▲ $28,567,106
Accounts Payable and Accrued Expenses$1,663,524$1,313,663▼ $349,861
Deferred Revenue$206,204$151,953▼ $54,251
Total Liabilities$140,211,056$168,374,050▲ $28,162,994
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,518,547$17,374,151▼ $144,396
Total Liabilities and Net Assets / Fund Balance$157,729,603$185,748,201▲ $28,018,598

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,007,685-$3,007,685
Equipment$1,090,769-$1,090,769
Leasehold Improvements$8,604-$8,604
Other Assets Org$10,980,817--
Other Securities$166,076--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey ThompsonCEOFT$255,542$7,903$263,445
William TawneyCFOFT$212,378$6,568$218,946
Kevin AlfredCLOFT$141,354$4,275$145,629

Board Members and Trustees

NameTitle
Bonnie GilesDirector
Catherine CaudillDirector
Charlene YeagleyDirector
Cliff DemarsDirector
Eric GuiterrezDirector
Janice GrayDirector
Paul EnglishDirector
Richard SmootDirector
Robert HartselDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,143,247
Investment Income
$255,140
Other Revenue
$133,438
Change in Net Assets
$817,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,639,080
Salaries, Compensation, and Employee Benefits$5,075,549
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,319,404
Other Employee Benefits---$1,128,125
Other Expenses---$903,000
All Other Expenses---$871,089
Comp Disqual Persons---$628,020
Depreciation Depletion---$588,232
Fees for Services Other---$311,568
Occupancy---$223,061
Fees for Services Legal---$54,715
Travel---$26,890
Fees for Services Accounting---$4,452
Total Functional Expenses$0$0$0$10,714,629
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNTS$166,732,792
Unapplied Edp Items$175,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board member janice gray and board member charlene yeagley are sisters.”

Form 990, Part VI, Section A, Line 6

“Blue eagle credit union is owned by the members and the members elect the board of directors, which is the governing body.”

Form 990, Part VI, Section A, Line 7A

“Members of the credit union elect the board of directors. Directors serve three year terms and meet once a month.”

Form 990, Part VI, Section A, Line 7B

“Members must approve mergers, liquidations and other items as defined in the state code.”

Form 990, Part VI, Section B, Line 11B

“The 990 tax return data will be made available to the board of directors at a monthly board meeting. The 990 will be prepared by a cpa firm and reviewed by credit union management prior to filing.”

Form 990, Part VI, Section B, Line 15

“Compensation for the ceo is determined by the board of directors. The board will review industry wage and compensation data to help in setting the ceo's compensation. Compensation for the cfo is determined by the ceo. The ceo reviews industry compensation data to aid in setting the compensation.”

Form 990, Part VI, Section C, Line 18

“Financial data is posted monthly in the lobby of the branches. Financial reports are made available at the annual meeting of members. Quarterly financial data is available via ncua's website.”

Form 990, Part VI, Section C, Line 19

“The organization does not have a written conflict of interest policy or a written whistleblower policy. The organization does have a written record retention policy.”

Filing and Contact Details

Filer

Filer Name
Blue Eagle Credit Union
EIN
54-0585044
Phone
5403423429
Address
PO BOX 12405, ROANOKE, VA 24025-2405

Signing Officer

Name
Jeffrey Thompson
Title
CEO
Phone
5408553629
Signed
2021-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Thompson
Formed
1948
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
80
Volunteers
16

Preparer

Firm
Brown Edwards & Company Llp
Address
828 MAIN STREET SUITE 1401, LYNCHBURG, VA 24504
Preparer
Patrick Pittman
Phone
4349489000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net change in pension plan -961,592.”

FORM 990, PART X, LINES 10A, 10B:

“Blue eagle credit union keeps depreciation schedules and reports fixed assets at net book value.”

Donated Facilities Space

“The credit union currently occupies space at the main post office in roanoke, va and the post office in lynchburg, va rent free.”

Raw XML AppendixShowing 400 of 473 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt118758
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2750
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt018758
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1750
IRS990/OtherRevenueTotalAmt0133438
IRS990/OtherSalariesAndWagesGrp/TotalAmt03319404
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0118299756
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0129862636
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0210169
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt094195
IRS990/PrincipalOfficerNm0JEFFREY THOMPSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE PRODUCT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07451152
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12769004
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2923091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07451152
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12769004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2923091
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0608833
IRS990/PYOtherExpensesAmt05175116
IRS990/PYOtherRevenueAmt0159728
IRS990/PYProgramServiceRevenueAmt010670488
IRS990/PYRevenuesLessExpensesAmt01054520
IRS990/PYSalariesCompEmpBnftPaidAmt05209413
IRS990/PYTotalExpensesAmt010384529
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011439049
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0817196
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017518547
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017374151
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03007685
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03007685
IRS990ScheduleD/EquipmentGrp/BookValueAmt01090769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01090769
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08604
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08604
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0335936
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110980817
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INCOME
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0175642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1166732792
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNAPPLIED EDP ITEMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBERS' SHARE AND SAVINGS ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010698000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt112795493
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2166076
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CDS-OTHER FINANCIAL INSTITUTIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS- VIZO FCU
IRS990ScheduleD/OtherSecuritiesGrp/Desc2OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04107058
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011316753
IRS990ScheduleD/TotalBookValueSecuritiesAmt023659569
IRS990ScheduleD/TotalLiabilityAmt0166908434
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0255542
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1212378
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2141354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07903
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt16568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt24275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEFFREY THOMPSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1WILLIAM TAWNEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KEVIN ALFRED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CLO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0263445
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1218946
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2145629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBER JANICE GRAY AND BOARD MEMBER CHARLENE YEAGLEY ARE SISTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BLUE EAGLE CREDIT UNION IS OWNED BY THE MEMBERS AND THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH IS THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. DIRECTORS SERVE THREE YEAR TERMS AND MEET ONCE A MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS MUST APPROVE MERGERS, LIQUIDATIONS AND OTHER ITEMS AS DEFINED IN THE STATE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 TAX RETURN DATA WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS AT A MONTHLY BOARD MEETING. THE 990 WILL BE PREPARED BY A CPA FIRM AND REVIEWED BY CREDIT UNION MANAGEMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD WILL REVIEW INDUSTRY WAGE AND COMPENSATION DATA TO HELP IN SETTING THE CEO'S COMPENSATION. COMPENSATION FOR THE CFO IS DETERMINED BY THE CEO. THE CEO REVIEWS INDUSTRY COMPENSATION DATA TO AID IN SETTING THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL DATA IS POSTED MONTHLY IN THE LOBBY OF THE BRANCHES. FINANCIAL REPORTS ARE MADE AVAILABLE AT THE ANNUAL MEETING OF MEMBERS. QUARTERLY FINANCIAL DATA IS AVAILABLE VIA NCUA'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY OR A WRITTEN WHISTLEBLOWER POLICY. THE ORGANIZATION DOES HAVE A WRITTEN RECORD RETENTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NET CHANGE IN PENSION PLAN -961,592.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BLUE EAGLE CREDIT UNION KEEPS DEPRECIATION SCHEDULES AND REPORTS FIXED ASSETS AT NET BOOK VALUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE CREDIT UNION CURRENTLY OCCUPIES SPACE AT THE MAIN POST OFFICE IN ROANOKE, VA AND THE POST OFFICE IN LYNCHBURG, VA RENT FREE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART X, LINES 10A, 10B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10DONATED FACILITIES SPACE
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$185,748,201
Liabilities
$168,374,050
Net assets
$17,374,151
Revenue
$11,531,825
Expenses
$10,714,629
Net income
$817,196
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$241$213$28.1$19.2$16.3$2.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$189$21.5$14.0$11.8$2.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$203$183$20.1$12.6$10.7$1.91
2020Detailed filing. Detailed filing data is available for this year.$186$168$17.4$11.5$10.7$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$149$132$16.6$10.1$9.69$0.44
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$151$135$16.5$9.67$9.19$0.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$146$129$16.5$8.74$8.03$0.71
2015Detailed filing. Detailed filing data is available for this year.$138$122$16.3$7.79$6.63$1.16
2014Detailed filing. Detailed filing data is available for this year.$129$114$15.0$7.11$5.81$1.30