Civic Intelligence

Loudoun Credit Union

EIN 54-1117966 • 501(c)14 • Leesburg, VA

View Organization Page

Profile

Operated for the mutal purposes and without profit for the purpose of providing reserve funds for associations or banks and insurance of shares or deposits

801 Sycolin Rd SE 101Leesburg, VA 20175

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

0.95x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

19.00x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

9th percentile

-5.8%

Higher net margin than 9% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

14th percentile

$106,783

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Asset Growth

90th percentile

9.4%

Faster asset growth than 90% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

14%

Faster revenue growth than 63% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$56,702,080

Up $4,874,698 (+9.4%) from 2023

Liabilities

Up

$54,098,582

Up $4,895,346 (+9.9%) from 2023

Net Assets

Down

$2,603,498

Down $20,648 (-0.8%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin9th percentile

Revenue

Up

$2,847,125

Up $344,412 (+14%) from 2023

Expenses

Up

$3,011,230

Up $826,689 (+38%) from 2023

Net Income

Down

-$164,105

Down $482,277 (-152%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $25,393,776Liabilities 2010: $22,070,342Net Assets 2010: $3,323,4342010Assets 2011: $27,558,951Liabilities 2011: $23,927,920Net Assets 2011: $3,631,0312011Assets 2012: $30,125,128Liabilities 2012: $26,413,731Net Assets 2012: $3,711,3972012Assets 2013: $32,946,585Liabilities 2013: $29,268,013Net Assets 2013: $3,678,5722013Assets 2014: $35,220,401Liabilities 2014: $31,537,063Net Assets 2014: $3,683,3382014Assets 2015: $37,980,240Liabilities 2015: $34,283,175Net Assets 2015: $3,697,0652015Assets 2016: $39,280,347Liabilities 2016: $35,545,560Net Assets 2016: $3,734,7872016Assets 2017: $41,081,412Liabilities 2017: $37,284,861Net Assets 2017: $3,796,5512017Assets 2018: $42,814,013Liabilities 2018: $39,109,868Net Assets 2018: $3,704,1452018Assets 2019: $42,583,038Liabilities 2019: $38,633,358Net Assets 2019: $3,949,6802019Assets 2020: $51,224,110Liabilities 2020: $46,931,175Net Assets 2020: $4,292,9352020Assets 2021: $57,633,130Liabilities 2021: $53,600,346Net Assets 2021: $4,032,7842021Assets 2022: $57,835,481Liabilities 2022: $55,872,262Net Assets 2022: $1,963,2192022Assets 2023: $51,827,382Liabilities 2023: $49,203,236Net Assets 2023: $2,624,1462023Assets 2024: $56,702,080Liabilities 2024: $54,098,582Net Assets 2024: $2,603,4982024

Highlighted filing

2024

Assets$56,702,080
Liabilities$54,098,582
Net Assets$2,603,498
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,176,8122010Expenses 2011: $1,046,5812011Expenses 2012: $1,199,4752012Revenue 2013: $1,360,188Expenses 2013: $1,393,015Net Income 2013: -$32,8272013Revenue 2014: $1,355,218Expenses 2014: $1,350,452Net Income 2014: $4,7662014Revenue 2015: $1,454,857Expenses 2015: $1,441,130Net Income 2015: $13,7272015Revenue 2016: $1,589,991Expenses 2016: $1,552,269Net Income 2016: $37,7222016Revenue 2017: $1,665,233Expenses 2017: $1,603,453Net Income 2017: $61,7802017Revenue 2018: $1,798,821Expenses 2018: $1,864,060Net Income 2018: -$65,2392018Revenue 2019: $1,953,542Expenses 2019: $1,796,563Net Income 2019: $156,9792019Revenue 2020: $1,868,182Expenses 2020: $1,588,943Net Income 2020: $279,2392020Revenue 2021: $2,053,111Expenses 2021: $1,853,435Net Income 2021: $199,6762021Revenue 2022: $2,146,668Expenses 2022: $2,010,098Net Income 2022: $136,5702022Revenue 2023: $2,502,713Expenses 2023: $2,184,541Net Income 2023: $318,1722023Revenue 2024: $2,847,125Expenses 2024: $3,011,230Net Income 2024: -$164,1052024

Highlighted filing

2024

Revenue$2,847,125
Expenses$3,011,230
Net Income-$164,105
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$56,702,080
Liabilities
$54,098,582
Net assets
$2,603,498
Revenue
$2,847,125
Expenses
$3,011,230
Net income
-$164,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.7$54.1$2.60$2.85$3.01$0.16
2023Detailed filing. Detailed filing data is available for this year.$51.8$49.2$2.62$2.50$2.18$0.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.8$55.9$1.96$2.15$2.01$0.14
2021Detailed filing. Detailed filing data is available for this year.$57.6$53.6$4.03$2.05$1.85$0.20
2020Detailed filing. Detailed filing data is available for this year.$51.2$46.9$4.29$1.87$1.59$0.28
2019Detailed filing. Detailed filing data is available for this year.$42.6$38.6$3.95$1.95$1.80$0.16
2018Detailed filing. Detailed filing data is available for this year.$42.8$39.1$3.70$1.80$1.86$0.07
2017Detailed filing. Detailed filing data is available for this year.$41.1$37.3$3.80$1.67$1.60$0.06
2016Detailed filing. Detailed filing data is available for this year.$39.3$35.5$3.73$1.59$1.55$0.04
2015Detailed filing. Detailed filing data is available for this year.$38.0$34.3$3.70$1.45$1.44$0.01
2014Detailed filing. Detailed filing data is available for this year.$35.2$31.5$3.68$1.36$1.35$0.00
2013Detailed filing. Detailed filing data is available for this year.$32.9$29.3$3.68$1.36$1.39$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$26.4$3.71$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$23.9$3.63$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$22.1$3.32$1.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$2,866,382
Mission and Program Overview

Mission

Operated for the mutual purposes and without profit for the purpose of providing reserve funds for associations or banks and insurance of shares or deposits.

To provide low cost financial services such as savings and loans to member

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$29,304,453$32,498,244▲ $3,193,791
Other Notes and Loans Receivable, Net$20,910,771$21,186,768▲ $275,997
Rtn Earn Endowment Incm Other Fnds$2,624,146$2,603,498▼ $20,648
Accounts Receivable$21,185$1,072,527▲ $1,051,342
Savings and Temporary Cash Investments$28,832$660,890▲ $632,058
Cash and Non-Interest-Bearing Accounts$473,794$306,623▼ $167,171
Prepaid Expenses and Deferred Charges$213,892$181,184▼ $32,708
Land, Buildings, and Equipment, Net$103,763$75,351▼ $28,412
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$51,827,382$56,702,080▲ $4,874,698
Other Assets Total$770,692$720,493▼ $50,199
Liabilities
Other Liabilities$49,008,338$53,888,329▲ $4,879,991
Accounts Payable and Accrued Expenses$194,898$210,253▲ $15,355
Total Liabilities$49,203,236$54,098,582▲ $4,895,346
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,624,146$2,603,498▼ $20,648
Total Liabilities and Net Assets / Fund Balance$51,827,382$56,702,080▲ $4,874,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$75,351$224,974$300,325
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael FalveyCEO & CFOFT$106,783$106,783
Travis AllenCEOFT$95,930$95,930
Kathleen BroadhurstDirector of FinanceFT$84,338$84,338

Board Members and Trustees

NameTitle
Cindy MesterBoard Chair
Eric JewellVice Chair
Annie CarlsonDirector
Brian TinsmanDirector
Kindra DionneDirector
Lisa StillmanDirector
Monika DixitDirector
Ollie HensonDirector
Pamela DepoyDirector
Tim DepoyDirector
ShellyMorris
Dr Rodney KanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,725,900
Investment Income
$829,662
Other Revenue
$291,563
Change in Net Assets
$-164,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,052,393
Salaries, Compensation, and Employee Benefits$953,837
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$458,267
Other Salaries and Wages---$414,509
Fees for Services Management---$340,751
Current Officers, Directors, Trustees, and Key Employees---$287,051
Other Employee Benefits---$168,945
Office Expenses---$165,885
Advertising---$136,649
Occupancy---$68,967
All Other Expenses---$64,203
Payroll Taxes---$54,552
Depreciation Depletion---$34,694
Other Expenses---$33,910
Fees for Services Accounting---$33,180
Pension Plan Contributions---$28,780
Travel---$12,045
Grants to Domestic Orgs---$5,000
Total Functional Expenses$0$0$0$3,011,230
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 SAVING ACCOUNTS$53,888,329
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“Supervisory committee, composed of members who are not members of the board of directors. Asset-liability committee, composed of members of the board of directors and executive management.”

Form 990, Part VI, Section A, Line 6

“The membership of the credit union is composed of eligible individuals with a common bond of occuption or association. Members will be those individuals with an account in the credit union”

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

“The form 990 is prepared by an outside public accounting firm utilizing information provided by the credit union. The return is then presented to management for their review and approval. A copy of the form 990 is then presented to the board of directors before filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Each board member, committee and staff must sign a conflict of interest policy statement. The policy is reviewed and reaffirmed by the board of directors annually. The supervisory committee is responsible for follow-up on any activity evidenced from its review of the forms and report such findings to the board of directors. If a conflict occurs, the individual must resign from the conflict or be removed.”

Form 990, Part VI, Section B, Line 15A

“Board evaluates the performance of the ceo at year end and collectively approves salary and any applicable bonuses. Board utilitizes executive pay data from sources such as nafcu for comparison.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available upon request with monthly financials posted at the office and annual financials posted online the organization does not make its conflict of interest poliy available to the public.”

Filing and Contact Details

Filer

Filer Name
Loudoun Credit Union
EIN
54-1117966
Phone
7037774744
Address
801 SYCOLIN RD SE 101, LEESBURG, VA 20175

Signing Officer

Name
Michael Falvey
Title
CEO
Phone
7037774744
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Falvey
Formed
1978
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
12

Preparer

Firm
Brown Edwards & Company Llp
Address
3906 ELECTRIC ROAD, ROANOKE, VA 24018
Preparer
Patrick Pittman
Phone
5403450936
Raw XML AppendixShowing 400 of 409 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/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11MORRIS
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-19257
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02866382
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt0458267
IRS990/InvestmentIncomeGrp/ExclusionAmt0848919
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0848919
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt029304453
IRS990/InvestmentsPubTradedSecGrp/EOYAmt032498244
IRS990/IRPDocumentCnt0619
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0224974
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0103763
IRS990/LandBldgEquipBasisNetGrp/EOYAmt075351
IRS990/LandBldgEquipCostOrOtherBssAmt0300325
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt019257
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OPERATED FOR THE MUTAL PURPOSES AND WITHOUT PROFIT FOR THE PURPOSE OF PROVIDING RESERVE FUNDS FOR ASSOCIATIONS OR BANKS AND INSURANCE OF SHARES OR DEPOSITS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02624146
IRS990/NetAssetsOrFundBalancesEOYAmt02603498
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-19257
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-19257
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0143457
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt068967
IRS990/OfficeExpensesGrp/TotalAmt0165885
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0770692
IRS990/OtherAssetsTotalGrp/EOYAmt0720493
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0168945
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSES
IRS990/OtherExpensesGrp/Desc3OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0390980
IRS990/OtherExpensesGrp/TotalAmt1262418
IRS990/OtherExpensesGrp/TotalAmt250444
IRS990/OtherExpensesGrp/TotalAmt333910
IRS990/OtherLiabilitiesGrp/BOYAmt049008338
IRS990/OtherLiabilitiesGrp/EOYAmt053888329
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0291563
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0291563
IRS990/OtherRevenueTotalAmt0291563
IRS990/OtherSalariesAndWagesGrp/TotalAmt0414509
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020910771
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021186768
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt054552
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt028780
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0213892
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0181184
IRS990/PrincipalOfficerNm0MICHAEL FALVEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01605566
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120334
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01605566
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120334
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt024000
IRS990/PYInvestmentIncomeAmt0740893
IRS990/PYOtherExpensesAmt01355878
IRS990/PYOtherRevenueAmt0275940
IRS990/PYProgramServiceRevenueAmt01485880
IRS990/PYRevenuesLessExpensesAmt0318172
IRS990/PYSalariesCompEmpBnftPaidAmt0804663
IRS990/PYTotalExpensesAmt02184541
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02502713
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-164105
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02624146
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02603498
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028832
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0660890
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt075351
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0224974
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0300325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053888329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND SAVING ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075351
IRS990ScheduleD/TotalLiabilityAmt053888329
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0LCU HAS BOTH A GRANT AND SCHOLARSHIP COMMITTEE THAT IS MADE UP OF BOARD MEMBERS AND EXECUTIVE MANAGEMENT. BOTH COMMITEES REVIEW APPLICATIONS ONCE A YEAR AND MAKE RECIPIENT RECOMMENDATIONS TO THE BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPERVISORY COMMITTEE, COMPOSED OF MEMBERS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS. ASSET-LIABILITY COMMITTEE, COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE CREDIT UNION IS COMPOSED OF ELIGIBLE INDIVIDUALS WITH A COMMON BOND OF OCCUPTION OR ASSOCIATION. MEMBERS WILL BE THOSE INDIVIDUALS WITH AN ACCOUNT IN THE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM UTILIZING INFORMATION PROVIDED BY THE CREDIT UNION. THE RETURN IS THEN PRESENTED TO MANAGEMENT FOR THEIR REVIEW AND APPROVAL. A COPY OF THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER, COMMITTEE AND STAFF MUST SIGN A CONFLICT OF INTEREST POLICY STATEMENT. THE POLICY IS REVIEWED AND REAFFIRMED BY THE BOARD OF DIRECTORS ANNUALLY. THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR FOLLOW-UP ON ANY ACTIVITY EVIDENCED FROM ITS REVIEW OF THE FORMS AND REPORT SUCH FINDINGS TO THE BOARD OF DIRECTORS. IF A CONFLICT OCCURS, THE INDIVIDUAL MUST RESIGN FROM THE CONFLICT OR BE REMOVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD EVALUATES THE PERFORMANCE OF THE CEO AT YEAR END AND COLLECTIVELY APPROVES SALARY AND ANY APPLICABLE BONUSES. BOARD UTILITIZES EXECUTIVE PAY DATA FROM SOURCES SUCH AS NAFCU FOR COMPARISON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST WITH MONTHLY FINANCIALS POSTED AT THE OFFICE AND ANNUAL FINANCIALS POSTED ONLINE THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLIY AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt051827382
IRS990/TotalAssetsEOYAmt056702080
IRS990/TotalAssetsGrp/BOYAmt051827382
IRS990/TotalAssetsGrp/EOYAmt056702080
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/TotalAmt03011230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049203236
IRS990/TotalLiabilitiesEOYAmt054098582
IRS990/TotalLiabilitiesGrp/BOYAmt049203236
IRS990/TotalLiabilitiesGrp/EOYAmt054098582
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02624146
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02603498
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01725900
IRS990/TotalReportableCompFromOrgAmt0287051
IRS990/TotalRevenueGrp/ExclusionAmt0848919
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01998206
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02847125
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051827382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056702080
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt012045
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0801 SYCOLIN RD SE 101
IRS990/USAddress/CityNm0LEESBURG
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020175
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL FALVEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07037774744
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOUDOUN CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LOUD
ReturnHeader/Filer/EIN0541117966
ReturnHeader/Filer/PhoneNum07037774744
ReturnHeader/Filer/USAddress/AddressLine1Txt0801 SYCOLIN RD SE 101
ReturnHeader/Filer/USAddress/CityNm0LEESBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020175
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540504608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN EDWARDS & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03906 ELECTRIC ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROANOKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA

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