Overview
What is Virginia Coop Credit Union?
Virginia Coop Credit Union is a member-owned cooperative credit union situated in Virginia, Minnesota. With a focus on meeting the financial needs of its members, the credit union offers a range of competitive financial products and services, including home equity loans, secured loans, unsecured loans, and credit cards. As a cooperative, Virginia Coop Credit Union is committed to promoting financial education and providing safe, high-quality financial solutions to its members. The credit union is staffed by a team of nine dedicated individuals.
Is Virginia Coop Credit Union legitimate?
Virginia Coop Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Virginia Coop Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $92,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,610
For more financial information, click here
What is the mission statement of Virginia Coop Credit Union?
Virginia Coop Credit Union, being a member-owned cooperative, is committed to offering high-quality and competitive financial products and services to meet the financial needs of its members. Their mission extends beyond providing financial solutions, as they also prioritize promoting financial education. As a safe and reliable financial institution, Virginia Coop Credit Union offers a range of products such as home equity loans, secured loans, unsecured loans, and credit cards, all aimed at satisfying the financial requirements of its members.
Who is the CEO of Virginia Coop Credit Union?
Unavailable The CEO's salary of Virginia Coop Credit Union is $92,249 and their total compensation is $92,249.
What is the revenue of Virginia Coop Credit Union?
Virginia Coop Credit Union's revenue in 2022 was $1,678,062.
Who are the executives of Virginia Coop Credit Union and what are their salaries?
The average compensation at Virginia Coop Credit Union during 2022 was $41,984. There are 9 employees and 8 volunteers at Virginia Coop Credit Union.
Here are 9 key members and their salaries (Virginia Coop Credit Union's CEO's salary is $92,249 and their total compensation is $92,249):
- Compensation: $92,249
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Virginia Coop Credit Union?
Virginia Coop Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Virginia Coop Credit Union
Virginia Coop Credit Union, as a member-owned cooperative, is dedicated to providing its members with top-notch and competitively priced financial products and services. The credit union's mission is to ensure the delivery of safe and high-quality financial solutions that cater to the diverse financial needs of its members. Beyond offering these services, Virginia Coop Credit Union is committed to promoting financial education. This approach allows its members to make informed financial decisions, thereby enhancing their financial well-being. In carrying out its mission, the credit union specializes in servicing and collections for various types of loans, including home equity loans, secured loans, unsecured loans, and credit cards.
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Impact
October, 2024
Virginia Coop Credit Union plays a significant role in the financial wellbeing of its members and the broader community in Virginia, MN. As a member-owned cooperative, it focuses on providing quality and competitive financial products and services tailored to meet the diverse needs of its members. This includes servicing and collections for home equity loans, secured and unsecured loans, and credit cards, which helps individuals and families access the capital they need for various life goals and financial stability.
The credit union's commitment to promoting financial education empowers members with the knowledge and skills necessary to make informed financial decisions. By ensuring that its offerings are safe and of high quality, Virginia Coop Credit Union fosters a trusting environment where members can feel confident in their financial choices. Overall, its impact is reflected in the enhanced financial security of its members and the promotion of community well-being through responsible lending practices and educational initiatives.
This information is meant to be a general summary of Virginia Coop Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $104,803
- Program Service Revenue: $1,558,859
- Gross Receipts: $1,678,062
Assets and Liabilities:
- Total Assets: $41,502,102
- Total Liabilities: $38,290,182
- Net Assets: $3,211,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$50,192
INTEREST ON LOANS
Revenue
$1,192,997
OTHER
Revenue
$78,893
SHARE DRAFT INCOME
Revenue
$35,076
VISA CARD INCOME
Revenue
$196,868
Organization Details
Founding Year
1937
Phone
(218) 741-5644Main Address
811 4TH ST N, VIRGINIA, MN, 55792
NTEE Category
Code: W60 - Public benefit
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