Liabilities / Assets
7th percentile
Higher debt load relative to assets than 7% of similar nonprofits.
Jackson River Community Credit Union
990 • Fiscal year 2013 • EIN 54-0620788
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
8th percentile
Higher debt load relative to revenue than 8% of similar nonprofits.
Net Margin
45th percentile
Higher net margin than 45% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 56.5% of source-year revenue.
Asset Growth
36th percentile
Faster asset growth than 36% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$70,866,584
Up $528,954 (+0.8%) from 2012
Net Assets
Up$69,177,636
Up $50,488 (+0.1%) from 2012
Liabilities
Up$1,688,948
Up $478,466 (+40%) from 2012
Revenue And Expenses
Revenue
$2,297,249
No earlier filing loaded for comparison.
Expenses
Down$2,132,333
Down $194,566 (-8.4%) from 2012
Net Income
$164,916
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Apr 24, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $2,297,249
Mission and Program Overview
Mission
To assist members in reaching their financial goals and needs. The credit union strives to keep fees and cost of services to a minimum. Services include but are not limited to: savings and checking accounts, consumer loans and mortgages.
The credit union is designed to assist the average wage earner with financial needs that arise in their life. The credit union maintains the policy of 0 or minimal fees for services offered.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $69,127,148 | $69,177,636 | ▲ $50,488 |
| Investments in Publicly Traded Securities | $28,616,345 | $29,669,595 | ▲ $1,053,250 |
| Savings and Temporary Cash Investments | $7,339,345 | $6,781,114 | ▼ $558,231 |
| Land, Buildings, and Equipment, Net | $1,336,932 | $1,272,454 | ▼ $64,478 |
| Cash and Non-Interest-Bearing Accounts | $2,118,828 | $1,170,143 | ▼ $948,685 |
| Prepaid Expenses and Deferred Charges | $37,271 | $74,813 | ▲ $37,542 |
| Accounts Receivable | $38,155 | $31,933 | ▼ $6,222 |
| Total Assets | $70,337,630 | $70,866,584 | ▲ $528,954 |
| Other Assets Total | $30,850,754 | $31,866,532 | ▲ $1,015,778 |
| Liabilities | |||
| Other Liabilities | $1,029,029 | $1,524,785 | ▲ $495,756 |
| Accounts Payable and Accrued Expenses | $181,453 | $164,163 | ▼ $17,290 |
| Total Liabilities | $1,210,482 | $1,688,948 | ▲ $478,466 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $69,127,148 | $69,177,636 | ▲ $50,488 |
| Total Liabilities and Net Assets / Fund Balance | $70,337,630 | $70,866,584 | ▲ $528,954 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $861,151 | $719,089 | - |
| Land | $332,210 | - | - |
| Equipment | $79,093 | $435,088 | - |
| Other Assets Org | $137,228 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Angela Blevins | CEO | FT | $138,606 | $1,158,539 | $1,297,145 |
| Angela Blevins | - | - | $123,944 | $1,173,201 | $1,297,145 |
Board Members and Trustees
| Name | Title |
|---|---|
| Earl Mcclung | Chairman of the Board |
| Hunter Fridley | Vice Chairman of the Board |
| Andra Fridley | Secretary of the Board |
| David Vest | Treasurer of the Board |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $1,982,949
- Investment Income
- $312,560
- Other Revenue
- $1,740
- Change in Net Assets
- $164,916
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $2,297,249
- Total Revenue per Audited Statements
- $2,297,249
- Total Revenue per Form 990
- $2,297,249
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,270,095 |
| Salaries, Compensation, and Employee Benefits | $862,238 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $500,966 |
| Office Expenses | - | - | - | $418,152 |
| Fees for Services Accounting | - | - | - | $346,459 |
| Other Expenses | - | - | - | $195,371 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $188,863 |
| Other Employee Benefits | - | - | - | $94,775 |
| Depreciation Depletion | - | - | - | $91,688 |
| Occupancy | - | - | - | $59,538 |
| Pension Plan Contributions | - | - | - | $42,399 |
| Conferences and Meetings | - | - | - | $37,514 |
| Payroll Taxes | - | - | - | $35,235 |
| Advertising | - | - | - | $23,438 |
| Total Functional Expenses | $0 | $0 | $0 | $2,132,333 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,132,333 |
| Total Expenses per Audited Statements | $2,132,333 |
| Total Expenses per Form 990 | $2,132,333 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deferred Compensation Plans | $1,128,297 |
| Suspenseclearing Accounts | $314,330 |
| Accrued Expenses | $77,603 |
| Federal Income Tax Payable | $4,490 |
| Dividend Payable | $65 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Filing and Contact Details
Filer
- EIN
- 54-0620788
Signing Officer
- Name
- Kathleen All
- Title
- VP Operations
- Phone
- 5409626154
- Signed
- 2014-04-24
Organization Details
- Principal Officer
- Kathleen All
- Formed
- 1953
- Legal Domicile
- Va
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 17
- Volunteers
- 10
Supplemental Narrative
Additional Explanations
Section VI 6
“Credit unions are member owned. Charters state that each member age 18 and over has the right to 1 vote. An eligible voting member if agreed may be presented to the board for the purpose of running for a board election. Every member is considered on the same policies and guidelines when applying for loans draft accounts and other credit union services.”
Section VI 19
“Weccu's financial statements are posted monthly at the main office. Detailed reports are presented and discussed with the board of directors at the monthly board meetings. Other financial information can be produced or discussed upon request. Any information which is considered sensitive information will only be shared with appropriate individuals.”
Section VI 12
“Board management and staff adhere to the policy guidelines for conflict of interest. In the event a conflict of interest arises a board member will abstain from voting or an employee will have supervision approve the situation prior to conducting a transaction. Board management and staff are responsible for reporting any conflict of interest. If not reported but discovered by management appropriate actions will be taken to resolve the conflict of interest according to the policy.”
Section VI 15B
“The board appoints a wage and compensation committee from within the board. Prior to the wage and compensation the ceo meets with senior management and discusses bonusesraisescola and all other aspects of wagebenefits for employees. The ceo then takes the recommendations to the wage and compensation committee. The committee will ammendconcur with the recommendation and present to the board for the vote approval. The ceo compensation is discussed by the wage and compensation committee and then presented to the board during executive session. The board reviews info from the virginia credit union league cuna and other data within the credit union's peer group to determine the fairness and equality of pay and benefits.”
Section VI 11B
“Review of form 990 is completed by the ceo prior to submission. The information used for the 990 was previously audited by an external audit firm for gaap compliance.”
Section XI 9
“Other changes in net assets or fund balances - this change represents the increase in member equitydeposits held at the credit union.”
Raw XML Appendix339 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 181453 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 164163 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 38155 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 31933 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE CREDIT UNION IS DESIGNED TO ASSIST THE AVERAGE WAGE EARNER WITH FINANCIAL NEEDS THAT ARISE IN THEIR LIFE. THE CREDIT UNION MAINTAINS THE POLICY OF 0 OR MINIMAL FEES FOR SERVICES OFFERED. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 23438 |
| IRS990/AllAffiliatesIncludedInd | 0 | true |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5409626154 |
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| IRS990/BooksInCareOfDetail/USAddress/City | 0 | COVINGTON |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 24426 |
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| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1170143 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
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| IRS990/Desc | 0 | LOANS - INCLUDES INTEREST RECEIVED FROM CREDIT CARD PROGRAM MORTGAGES PERSONAL AND VEHICLE LOANS. EACH MEMBER IS CONSIDERED AND APPROVED FOR A LOAN BASED ON A BOARD APPROVED POLICY. ALL MEMBERS MUST DEMONSTRATE ABILITY TO REPAY WILLINGNESS TO REPAY AND BE CREDIT WORTHY BASED ON THE PRE-APPROVED BOARD POLICY. ALL CREDIT UNION EXPENSES ARE RELATED DIRECTLY TO THE PROGRAM AND SERVICES INCLUDING LOANS OFFERED BY THE CREDIT UNION. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 17 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 346459 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 45 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | EARL MCCLUNG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | HUNTER FRIDLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DAVID VEST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ANDRA FRIDLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ANGELA BLEVINS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 138606 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN OF THE BOARD |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMAN OF THE BOARD |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER OF THE BOARD |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY OF THE BOARD |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CEO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1953 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 2297249 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InfoInScheduleOPartXInd | 0 | X |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 312560 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 28616345 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 29669595 |
| IRS990/IRPDocumentCnt | 0 | 1362 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1154177 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1336932 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1272454 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2426631 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE CREDIT UNION'S MISSION IS TO ASSIST ITS MEMBERS IN REACHING THEIR FINANCIAL GOALS AND NEEDS. THE CREDIT UNION STRIVES TO KEEP FEES AND COST OF SERVICES TO A MINIMUM OFTEN AT NO CHARGE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 69127148 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 69177636 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -725399 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 59538 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 418152 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 30850754 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 31866532 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 610971 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 94775 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS NEG OD LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | MEMBER INS |
| IRS990/OtherExpensesGrp/Desc | 2 | TELLER CASH DRAWER OUTAGES |
| IRS990/OtherExpensesGrp/Desc | 3 | MEMBER DIVIDENDS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | -25091 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 122305 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 721 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 195371 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1029029 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1524785 |
| IRS990/OtherOrganizationDsc | 0 | STATE CHARTERED CREDIT UNION |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 522130 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS INCOME |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1740 |
| IRS990/OtherRevenueTotalAmt | 0 | 1740 |
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| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 42399 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 74813 |
| IRS990/PrincipalOfficerNm | 0 | KATHLEEN ALL |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522130 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1240966 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 741983 |
| IRS990/ProgSrvcAccomActy2Grp/ActivityCd | 0 | 522130 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | FEE INCOME - FEES CHARGED AND APPLIED BY THE CREDIT UNION REMAIN IN COMPLIANCE WITH THE NCUA REGULATIONS AND BEST PRACTICES. CREDIT UNION FEES IN MANY CASES ARE AVOIDABLE - INCLUDING NON-SUFFICIENT FUNDS FEES NEGATIVE OVERDRAFT PROTECTION FEES DORMANCY FEES LATE PAYMENT FEES. MAIN SERVICE FEE CHARGES INCLUDE BUT ARE NOT LIMITED TOO SAFE DEPOSIT BOX FEES STOP PAYMENT FEES NON-SUFFICIENT FUNDS FEES LATE PAYMENT FEES NEGATIVE OVERDRAFT FEES DORMANCY FEES OF THE 741983 INCOME LISTED ABOVE 255000 (34) IS VISA INTERCHANGE INCOME WHICH IS OFFSET BY 262000 IN THE OPERATIONAL EXPENSE SECTION. RESULTS IN A NET LOSS TO THE CREDIT UNION FOR THE DEBIT CARD PROGRAM OFFERED AT NO CHARGE. |
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| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 360174 |
| IRS990/PYOtherExpensesAmt | 0 | 1441880 |
| IRS990/PYOtherRevenueAmt | 0 | 1886 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2050842 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 86003 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 885019 |
| IRS990/PYTotalExpensesAmt | 0 | 2326899 |
| IRS990/PYTotalRevenueAmt | 0 | 2412902 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 164916 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 1240966 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 69127148 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 69177636 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 7339345 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 6781114 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 861151 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 719089 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 1580240 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 79093 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 435088 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 514181 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2132333 |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 4490 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 332210 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 332210 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 20865131 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 8335334 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 182104 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 250000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 1460962 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 635773 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 6 | 137228 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | LOANS TO CREDIT UNION MEMBERS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEFERRED COMPENSATION PLANS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | CAPITAL MEMBERSHIP-MID-ATLANTIC CORPORATE FCU |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | LINE OF CREDIT DEPOSIT-FIRST CAROLINA CORPORATE FCU |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | PREFUNDED EMPLOYEE RETIREMENT PLAN |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | NCUA SHARE INSURANCE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 6 | ACCRUE INCOME - LOANSINVESTMENTS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 65 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 77603 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 1128297 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 314330 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 4490 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DIVIDEND PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED EXPENSES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DEFERRED COMPENSATION PLANS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | SUSPENSECLEARING ACCOUNTS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | FEDERAL INCOME TAX PAYABLE |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2297249 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1272454 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 31866532 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2132333 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1524785 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2297249 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2297249 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2132333 |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 123944 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 14662 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 765483 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 1108282 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 50257 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | ANGELA BLEVINS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 1297145 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CREDIT UNIONS ARE MEMBER OWNED. CHARTERS STATE THAT EACH MEMBER AGE 18 AND OVER HAS THE RIGHT TO 1 VOTE. AN ELIGIBLE VOTING MEMBER IF AGREED MAY BE PRESENTED TO THE BOARD FOR THE PURPOSE OF RUNNING FOR A BOARD ELECTION. EVERY MEMBER IS CONSIDERED ON THE SAME POLICIES AND GUIDELINES WHEN APPLYING FOR LOANS DRAFT ACCOUNTS AND OTHER CREDIT UNION SERVICES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | WECCU'S FINANCIAL STATEMENTS ARE POSTED MONTHLY AT THE MAIN OFFICE. DETAILED REPORTS ARE PRESENTED AND DISCUSSED WITH THE BOARD OF DIRECTORS AT THE MONTHLY BOARD MEETINGS. OTHER FINANCIAL INFORMATION CAN BE PRODUCED OR DISCUSSED UPON REQUEST. ANY INFORMATION WHICH IS CONSIDERED SENSITIVE INFORMATION WILL ONLY BE SHARED WITH APPROPRIATE INDIVIDUALS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | BOARD MANAGEMENT AND STAFF ADHERE TO THE POLICY GUIDELINES FOR CONFLICT OF INTEREST. IN THE EVENT A CONFLICT OF INTEREST ARISES A BOARD MEMBER WILL ABSTAIN FROM VOTING OR AN EMPLOYEE WILL HAVE SUPERVISION APPROVE THE SITUATION PRIOR TO CONDUCTING A TRANSACTION. BOARD MANAGEMENT AND STAFF ARE RESPONSIBLE FOR REPORTING ANY CONFLICT OF INTEREST. IF NOT REPORTED BUT DISCOVERED BY MANAGEMENT APPROPRIATE ACTIONS WILL BE TAKEN TO RESOLVE THE CONFLICT OF INTEREST ACCORDING TO THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BOARD APPOINTS A WAGE AND COMPENSATION COMMITTEE FROM WITHIN THE BOARD. PRIOR TO THE WAGE AND COMPENSATION THE CEO MEETS WITH SENIOR MANAGEMENT AND DISCUSSES BONUSESRAISESCOLA AND ALL OTHER ASPECTS OF WAGEBENEFITS FOR EMPLOYEES. THE CEO THEN TAKES THE RECOMMENDATIONS TO THE WAGE AND COMPENSATION COMMITTEE. THE COMMITTEE WILL AMMENDCONCUR WITH THE RECOMMENDATION AND PRESENT TO THE BOARD FOR THE VOTE APPROVAL. THE CEO COMPENSATION IS DISCUSSED BY THE WAGE AND COMPENSATION COMMITTEE AND THEN PRESENTED TO THE BOARD DURING EXECUTIVE SESSION. THE BOARD REVIEWS INFO FROM THE VIRGINIA CREDIT UNION LEAGUE CUNA AND OTHER DATA WITHIN THE CREDIT UNION'S PEER GROUP TO DETERMINE THE FAIRNESS AND EQUALITY OF PAY AND BENEFITS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | REVIEW OF FORM 990 IS COMPLETED BY THE CEO PRIOR TO SUBMISSION. THE INFORMATION USED FOR THE 990 WAS PREVIOUSLY AUDITED BY AN EXTERNAL AUDIT FIRM FOR GAAP COMPLIANCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | OTHER CHANGES IN NET ASSETS OR FUND BALANCES - THIS CHANGE REPRESENTS THE INCREASE IN MEMBER EQUITYDEPOSITS HELD AT THE CREDIT UNION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SECTION VI 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SECTION VI 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | SECTION VI 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | SECTION VI 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | SECTION VI 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | SECTION XI 9 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 70337630 |
| IRS990/TotalAssetsEOYAmt | 0 | 70866584 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 70337630 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 70866584 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 17 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2132333 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1210482 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1688948 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1210482 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1688948 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 69127148 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 69177636 |
| IRS990/TotalOtherCompensationAmt | 0 | 1158539 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1982949 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 138606 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 2297249 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 10 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 70337630 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 70866584 |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.YOURVIRTUALCU.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KATHLEEN ALL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VP OPERATIONS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5409626154 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-04-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | WECCU CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WECC |
| ReturnHeader/Filer/EIN | 0 | 540620788 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 347 N COURT AVE |
| ReturnHeader/Filer/USAddress/City | 0 | COVINGTON |
| ReturnHeader/Filer/USAddress/State | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 24426 |
| ReturnHeader/ReturnTs | 0 | 2014-04-25T11:59:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $70,866,584
- Liabilities
- $1,688,948
- Net assets
- $69,177,636
- Revenue
- $2,297,249
- Expenses
- $2,132,333
- Net income
- $164,916