Civic Intelligence

Hampton Roads Educators' Credit Union Inc

990 • Fiscal year 2024 • EIN 54-0623257

Oct 01, 2023 to Sep 30, 2024 • Filed on Mar 13, 2025

Organization ProfileWWW.HRECU.ORG

View Organization Page

2130 Cunningham DriveHampton, VA 23666

(757) 838-0707

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$42,629,409

Down $119,874 (-0.3%) from 2023

Net Assets

Up

$3,530,684

Up $675,199 (+24%) from 2023

Liabilities

Down

$39,098,725

Down $795,073 (-2.0%) from 2023

Revenue And Expenses

Revenue

Up

$2,292,107

Up $221,762 (+11%) from 2023

Expenses

Up

$2,102,539

Up $160,716 (+8.3%) from 2023

Net Income

Up

$189,568

Up $61,046 (+47%) from 2023

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $28,381,524Liabilities 2010: $26,528,231Net Assets 2010: $1,853,2932010Assets 2011: $28,160,658Liabilities 2011: $26,568,454Net Assets 2011: $1,592,2042011Assets 2012: $28,721,199Liabilities 2012: $27,343,439Net Assets 2012: $1,377,7602012Assets 2013: $29,816,570Liabilities 2013: $28,073,450Net Assets 2013: $1,743,1202013Assets 2014: $29,293,884Liabilities 2014: $27,707,069Net Assets 2014: $1,586,8152014Assets 2015: $28,483,512Liabilities 2015: $27,282,397Net Assets 2015: $1,201,1152015Assets 2016: $30,724,234Liabilities 2016: $29,464,685Net Assets 2016: $1,259,5492016Assets 2017: $31,263,996Liabilities 2017: $29,646,467Net Assets 2017: $1,617,5292017Assets 2018: $31,679,689Liabilities 2018: $29,930,308Net Assets 2018: $1,749,3812018Assets 2019: $31,226,873Liabilities 2019: $29,852,404Net Assets 2019: $1,374,4692019Assets 2020: $35,162,377Liabilities 2020: $33,781,057Net Assets 2020: $1,381,3202020Assets 2021: $39,238,874Liabilities 2021: $37,094,815Net Assets 2021: $2,144,0592021Assets 2022: $41,695,486Liabilities 2022: $39,715,452Net Assets 2022: $1,980,0342022Assets 2023: $42,749,283Liabilities 2023: $39,893,798Net Assets 2023: $2,855,4852023Assets 2024: $42,629,409Liabilities 2024: $39,098,725Net Assets 2024: $3,530,6842024Assets 2025: $44,680,099Liabilities 2025: $40,390,107Net Assets 2025: $4,289,9922025

Highlighted filing

2024

Assets$42,629,409
Liabilities$39,098,725
Net Assets$3,530,684
Open 2024 Filing

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,074,9912010Revenue 2011: $1,440,944Expenses 2011: $1,482,668Net Income 2011: -$41,7242011Expenses 2012: $2,119,5552012Expenses 2013: $1,801,0722013Revenue 2014: $1,885,150Expenses 2014: $1,861,126Net Income 2014: $24,0242014Revenue 2015: $1,881,121Expenses 2015: $1,824,083Net Income 2015: $57,0382015Revenue 2016: $1,719,850Expenses 2016: $1,702,764Net Income 2016: $17,0862016Revenue 2017: $1,777,876Expenses 2017: $1,645,398Net Income 2017: $132,4782017Revenue 2018: $1,873,591Expenses 2018: $1,784,332Net Income 2018: $89,2592018Revenue 2019: $1,958,963Expenses 2019: $1,793,208Net Income 2019: $165,7552019Revenue 2020: $1,765,985Expenses 2020: $1,637,388Net Income 2020: $128,5972020Revenue 2021: $1,854,459Expenses 2021: $1,638,121Net Income 2021: $216,3382021Revenue 2022: $1,823,029Expenses 2022: $1,673,580Net Income 2022: $149,4492022Revenue 2023: $2,070,345Expenses 2023: $1,941,823Net Income 2023: $128,5222023Revenue 2024: $2,292,107Expenses 2024: $2,102,539Net Income 2024: $189,5682024Revenue 2025: $2,566,952Expenses 2025: $2,237,774Net Income 2025: $329,1782025

Highlighted filing

2024

Revenue$2,292,107
Expenses$2,102,539
Net Income$189,568
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Mar 13, 2025
Return Version
2023v6.0
Gross Receipts
$2,292,107
Mission and Program Overview

Mission

Credit unions are organized to provide financial services to members. Credit unions are exempt by federal law.

Credit unions are organized to provide financial services to members. Credit unions are exempt by federal tax.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$21,106,226$19,730,956▼ $1,375,270
Other Notes and Loans Receivable, Net$17,131,607$17,773,379▲ $641,772
Rtn Earn Endowment Incm Other Fnds$2,855,485$3,530,684▲ $675,199
Cash and Non-Interest-Bearing Accounts$776,405$768,046▼ $8,359
Land, Buildings, and Equipment, Net$140,732$127,287▼ $13,445
Prepaid Expenses and Deferred Charges$74,784$78,300▲ $3,516
Investments Other Securities$40,000$40,000→ $0
Accounts Receivable$4,384$8,947▲ $4,563
Total Assets$42,749,283$42,629,409▼ $119,874
Other Assets Total$3,475,145$4,102,494▲ $627,349
Liabilities
Other Liabilities$39,183,236$38,721,584▼ $461,652
Accounts Payable and Accrued Expenses$710,562$377,141▼ $333,421
Total Liabilities$39,893,798$39,098,725▼ $795,073
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,855,485$3,530,684▲ $675,199
Total Liabilities and Net Assets / Fund Balance$42,749,283$42,629,409▼ $119,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$59,794$726,281$786,075
Equipment$67,493$216,858$284,351
Other Assets Org$22,680--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen OrieManager/CEOFT$105,208$105,208

Board Members and Trustees

NameTitle
Cornelious ChamblissBoard Chairm
Gloria WinderBoard 1st Vi
Jacqueline Smith-watsonBoard 2nd Vi
Kimberly SharpeBoard Secret
Anita R HolleyBoard Treasu
Donald SandridgeDirector
Keisha SamuelsDirector
Lynda BurkeDirector
Rita RaphaelDirector
James C WarrenDirector Til

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv- Atm & Debit CardCard ServicesPO BOX 934057, Atlanta, GA 31193-4057$216,219
Fis - Credit CardCard ServicesPO BOX 4535, Carol Stream, IL 60197$191,015
CbsCore ProcessorPO BOX 2043, Goldsboro, NC 27533$107,125
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,752,364
Investment Income
$433,422
Other Revenue
$106,321
Change in Net Assets
$189,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,185,786
Revenue Not Reported on Financial Statements
$106,321
Other Revenue Adjustments
$106,321
Total Revenue per Audited Statements
$2,185,786
Total Revenue per Form 990
$2,292,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,274,785
Salaries, Compensation, and Employee Benefits$814,513
Grants and Similar Amounts Paid$13,241
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,351--$587,351
Interest$132,019--$132,019
Fees for Services Other$110,831--$110,831
Office Expenses$107,744--$107,744
Current Officers, Directors, Trustees, and Key Employees$98,876--$98,876
Other Employee Benefits$78,241--$78,241
Other Expenses$70,845--$70,845
Advertising$59,895--$59,895
Payroll Taxes$50,045--$50,045
Occupancy$32,633--$32,633
Insurance$31,364--$31,364
All Other Expenses$29,593--$29,593
Information Technology$29,320--$29,320
Fees for Services Accounting$25,065--$25,065
Depreciation Depletion$22,552--$22,552
Conferences and Meetings$21,728--$21,728
Grants to Domestic Orgs$10,177--$10,177
Fees for Services Legal$9,188--$9,188
Grants to Domestic Individuals$3,064--$3,064
Travel$1,346--$1,346
Total Functional Expenses$2,102,539$0$0$2,102,539

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,102,539
Expenses per Audited Statements$1,996,218
Total Expenses per Audited Statements$1,996,218
Expenses Not Reported on Financial Statements$106,321
Other Expense Adjustments$106,321
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' DEPOSITS$38,721,584
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The members annually elect the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“By-law changes must be approved by the members.”

Form 990, Page 6, Part VI, Line 11B

“Copies of the form 990 are distributed to all board members as well as the chair of the supervisory committee for review and discussion. Board members will get a copy of the 990 before filing only if the board meeting is prior to the filing deadline. If not, they will get a copy at the next scheduled board meeting.”

Form 990, Page 6, Part VI, Line 12C

“Staff are required to report conflicts of interest to management and are required to sign a statement yearly. They are also required to report any outside employment to management.”

Form 990, Page 6, Part VI, Line 15A

“Salary survey information from cuna is used by the personnel policies committee in determining the salary to be presented to the board. The information from cuna includes comparability data. Ceo compensation is approved by the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Salary survey information from cuna is used by the personnel policies committee to determine salary recommendations. Other officers- and key employees' compensation are approved by the ceo.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request. The financial statements are posted in the lobby.”

Filing and Contact Details

Filer

Filer Name
HAMPTON ROADS EDUCATORS'
EIN
54-0623257
Phone
7578380707
Address
2130 CUNNINGHAM DRIVE, HAMPTON, VA 23666

Signing Officer

Name
Karen Orie
Title
Manager/CEO
Phone
7578380707
Signed
2025-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cornelious Chambliss
Formed
1954
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
17

Preparer

Firm
A Rohm Smith & Company
Address
11832 ROCK LANDING DR STE 101, NEWPORT NEWS, VA 23606-4277
Preparer
Theresa Rohm CPA
Phone
7572239602
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers serve on the board of directors, the supervisory committee, the scholarship committee, and as teacher liaisons. Volunteers also work the student branches.”

Form 990, Page 2, Part III, Line 4D

“To provide financial services to its members.”

Form 990, Part XI, Line 9

“Net change in pension asset 523,568 adoption of fasb asu 2016-13 -37,937 total 485,631”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Refund netted with expense on financials 106,321”

Schedule D, Page 4, Part XII, Line 4B

“Refund netted with expense on financials 106,321”

Raw XML AppendixShowing 400 of 435 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0710562
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0377141
IRS990/AccountsReceivableGrp/BOYAmt04384
IRS990/AccountsReceivableGrp/EOYAmt08947
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. CREDIT UNIONS ARE EXEMPT BY FEDERAL TAX.
IRS990/AdvertisingGrp/ProgramServicesAmt059895
IRS990/AdvertisingGrp/TotalAmt059895
IRS990/AllOtherExpensesGrp/ProgramServicesAmt029593
IRS990/AllOtherExpensesGrp/TotalAmt029593
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0KAREN ORIE
IRS990/BooksInCareOfDetail/PhoneNum07578380707
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02130 CUNNINGHAM DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HAMPTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023666
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0776405
IRS990/CashNonInterestBearingGrp/EOYAmt0768046
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt098876
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt098876
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt021728
IRS990/ConferencesMeetingsGrp/TotalAmt021728
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0216219
IRS990/ContractorCompensationGrp/CompensationAmt1191015
IRS990/ContractorCompensationGrp/CompensationAmt2107125
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 934057
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 4535
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 2043
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CAROL STREAM
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2GOLDSBORO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0311934057
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160197
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd227533
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0FISERV- ATM & DEBIT CARD
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FIS - CREDIT CARD
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2CBS
IRS990/ContractorCompensationGrp/ServicesDesc0CARD SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1CARD SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2CORE PROCESSOR
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt013241
IRS990/CYInvestmentIncomeAmt0433422
IRS990/CYOtherExpensesAmt01274785
IRS990/CYOtherRevenueAmt0106321
IRS990/CYProgramServiceRevenueAmt01752364
IRS990/CYRevenuesLessExpensesAmt0189568
IRS990/CYSalariesCompEmpBnftPaidAmt0814513
IRS990/CYTotalExpensesAmt02102539
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02292107
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt022552
IRS990/DepreciationDepletionGrp/TotalAmt022552
IRS990/Desc0TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt025065
IRS990/FeesForServicesAccountingGrp/TotalAmt025065
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt09188
IRS990/FeesForServicesLegalGrp/TotalAmt09188
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0110831
IRS990/FeesForServicesOtherGrp/TotalAmt0110831
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0KAREN ORIE
IRS990/Form990PartVIISectionAGrp/PersonNm1LYNDA BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm2CORNELIOUS CHAMBLISS
IRS990/Form990PartVIISectionAGrp/PersonNm3ANITA R HOLLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4RITA RAPHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm5KEISHA SAMUELS
IRS990/Form990PartVIISectionAGrp/PersonNm6DONALD SANDRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm7KIMBERLY SHARPE
IRS990/Form990PartVIISectionAGrp/PersonNm8JACQUELINE SMITH-WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES C WARREN
IRS990/Form990PartVIISectionAGrp/PersonNm10GLORIA WINDER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0105208
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0MANAGER/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD 2ND VI
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR TIL
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD 1ST VI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03064
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03064
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010177
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010177
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02292107
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt029320
IRS990/InformationTechnologyGrp/TotalAmt029320
IRS990/InsuranceGrp/ProgramServicesAmt031364
IRS990/InsuranceGrp/TotalAmt031364
IRS990/InterestGrp/ProgramServicesAmt0132019
IRS990/InterestGrp/TotalAmt0132019
IRS990/InvestmentIncomeGrp/ExclusionAmt0433422
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0433422
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt040000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt040000
IRS990/IRPDocumentCnt0414
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0943139
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0140732
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0127287
IRS990/LandBldgEquipCostOrOtherBssAmt01070426
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. CREDIT UNIONS ARE EXEMPT BY FEDERAL TAX.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02855485
IRS990/NetAssetsOrFundBalancesEOYAmt03530684
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt032633
IRS990/OccupancyGrp/TotalAmt032633
IRS990/OfficeExpensesGrp/ProgramServicesAmt0107744
IRS990/OfficeExpensesGrp/TotalAmt0107744
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03475145
IRS990/OtherAssetsTotalGrp/EOYAmt04102494
IRS990/OtherChangesInNetAssetsAmt0485631
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt078241
IRS990/OtherEmployeeBenefitsGrp/TotalAmt078241
IRS990/OtherExpensesGrp/Desc0ATM EXPENSES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING COSTS
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3SHARE AND BANK COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0229050
IRS990/OtherExpensesGrp/ProgramServicesAmt1226494
IRS990/OtherExpensesGrp/ProgramServicesAmt2135118
IRS990/OtherExpensesGrp/ProgramServicesAmt370845
IRS990/OtherExpensesGrp/TotalAmt0229050
IRS990/OtherExpensesGrp/TotalAmt1226494
IRS990/OtherExpensesGrp/TotalAmt2135118
IRS990/OtherExpensesGrp/TotalAmt370845
IRS990/OtherLiabilitiesGrp/BOYAmt039183236
IRS990/OtherLiabilitiesGrp/EOYAmt038721584
IRS990/OtherRevenueMiscGrp/Desc0REFUND OF PENSION EXPENSE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0106321
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0106321
IRS990/OtherRevenueTotalAmt0106321
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0587351
IRS990/OtherSalariesAndWagesGrp/TotalAmt0587351
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt017131607
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017773379
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt050045
IRS990/PayrollTaxesGrp/TotalAmt050045
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074784
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078300
IRS990/PrincipalOfficerNm0CORNELIOUS CHAMBLISS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON MEMBER LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01256022
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1496342
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01256022
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1496342
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08163
IRS990/PYInvestmentIncomeAmt0363750
IRS990/PYOtherExpensesAmt01172727
IRS990/PYOtherRevenueAmt091856
IRS990/PYProgramServiceRevenueAmt01614739
IRS990/PYRevenuesLessExpensesAmt0128522
IRS990/PYSalariesCompEmpBnftPaidAmt0760933
IRS990/PYTotalExpensesAmt01941823
IRS990/PYTotalRevenueAmt02070345
IRS990/ReconcilationRevenueExpnssAmt0189568
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02855485
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03530684
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021106226
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019730956
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt059794
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0726281
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0786075
IRS990ScheduleD/EquipmentGrp/BookValueAmt067493
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0216858
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0284351
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0106321
IRS990ScheduleD/ExpensesSubtotalAmt01996218
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03476816
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1375728
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2141000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt386270
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt422680
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID PENSION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FISERV EFT SETTLEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER ASSETS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0106321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038721584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0106321
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0106321
IRS990ScheduleD/RevenueSubtotalAmt02185786
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REFUND NETTED WITH EXPENSE ON FINANCIALS 106,321
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REFUND NETTED WITH EXPENSE ON FINANCIALS 106,321
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0127287
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04102494
IRS990ScheduleD/TotalExpensesPerForm990Amt02102539
IRS990ScheduleD/TotalLiabilityAmt038721584
IRS990ScheduleD/TotalRevenuePerForm990Amt02292107
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02185786
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01996218
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE ON THE BOARD OF DIRECTORS, THE SUPERVISORY COMMITTEE, THE SCHOLARSHIP COMMITTEE, AND AS TEACHER LIAISONS. VOLUNTEERS ALSO WORK THE STUDENT BRANCHES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ANNUALLY ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY-LAW CHANGES MUST BE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS AS WELL AS THE CHAIR OF THE SUPERVISORY COMMITTEE FOR REVIEW AND DISCUSSION. BOARD MEMBERS WILL GET A COPY OF THE 990 BEFORE FILING ONLY IF THE BOARD MEETING IS PRIOR TO THE FILING DEADLINE. IF NOT, THEY WILL GET A COPY AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STAFF ARE REQUIRED TO REPORT CONFLICTS OF INTEREST TO MANAGEMENT AND ARE REQUIRED TO SIGN A STATEMENT YEARLY. THEY ARE ALSO REQUIRED TO REPORT ANY OUTSIDE EMPLOYMENT TO MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE IN DETERMINING THE SALARY TO BE PRESENTED TO THE BOARD. THE INFORMATION FROM CUNA INCLUDES COMPARABILITY DATA. CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE TO DETERMINE SALARY RECOMMENDATIONS. OTHER OFFICERS- AND KEY EMPLOYEES' COMPENSATION ARE APPROVED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET CHANGE IN PENSION ASSET 523,568 ADOPTION OF FASB ASU 2016-13 -37,937 TOTAL 485,631
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt042749283
IRS990/TotalAssetsEOYAmt042629409
IRS990/TotalAssetsGrp/BOYAmt042749283
IRS990/TotalAssetsGrp/EOYAmt042629409
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02102539
IRS990/TotalFunctionalExpensesGrp/TotalAmt02102539
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039893798
IRS990/TotalLiabilitiesEOYAmt039098725
IRS990/TotalLiabilitiesGrp/BOYAmt039893798
IRS990/TotalLiabilitiesGrp/EOYAmt039098725
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02855485
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03530684
IRS990/TotalProgramServiceRevenueAmt01752364
IRS990/TotalReportableCompFromOrgAmt0105208
IRS990/TotalRevenueGrp/ExclusionAmt0433422
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01858685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02292107
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042749283
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042629409
IRS990/TravelGrp/ProgramServicesAmt01346
IRS990/TravelGrp/TotalAmt01346
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,629,409
Liabilities
$39,098,725
Net assets
$3,530,684
Revenue
$2,292,107
Expenses
$2,102,539
Net income
$189,568
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$44.7$40.4$4.29$2.57$2.24$0.33
2024Detailed filing. Detailed filing data is available for this year.$42.6$39.1$3.53$2.29$2.10$0.19
2023Detailed filing. Detailed filing data is available for this year.$42.7$39.9$2.86$2.07$1.94$0.13
2022Detailed filing. Detailed filing data is available for this year.$41.7$39.7$1.98$1.82$1.67$0.15
2021Detailed filing. Detailed filing data is available for this year.$39.2$37.1$2.14$1.85$1.64$0.22
2020Detailed filing. Detailed filing data is available for this year.$35.2$33.8$1.38$1.77$1.64$0.13
2019Detailed filing. Detailed filing data is available for this year.$31.2$29.9$1.37$1.96$1.79$0.17
2018Detailed filing. Detailed filing data is available for this year.$31.7$29.9$1.75$1.87$1.78$0.09
2017Detailed filing. Detailed filing data is available for this year.$31.3$29.6$1.62$1.78$1.65$0.13
2016Detailed filing. Detailed filing data is available for this year.$30.7$29.5$1.26$1.72$1.70$0.02
2015Detailed filing. Detailed filing data is available for this year.$28.5$27.3$1.20$1.88$1.82$0.06
2014Detailed filing. Detailed filing data is available for this year.$29.3$27.7$1.59$1.89$1.86$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$28.1$1.74$1.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$27.3$1.38$2.12
2011Summary only. Only limited summary data is available for this year.$28.2$26.6$1.59$1.44$1.48$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$26.5$1.85$2.07