Virginia Credit Union League

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540554860 ✦ Richmond, VA ✦ Designated as a 501(c)(6)

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Overview

What is Virginia Credit Union League?

Virginia Credit Union League is a nonprofit organization situated in Richmond, Virginia. Its primary focus is to support and advocate for credit unions on a regulatory and political level. This includes advocating for policies that benefit credit unions and providing educational and training resources to strengthen credit union staff and volunteers. Furthermore, the organization offers a wide range of informational and operational resources to its members. With a team of 17 dedicated individuals, Virginia Credit Union League plays a significant role in promoting the growth and success of credit unions within the state.


Official website here: www.vacul.org

Is Virginia Credit Union League legitimate?

Virginia Credit Union League is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Credit Union League 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: $260,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $864,928

For more financial information, click here


Official website here: www.vacul.org

What is the mission statement of Virginia Credit Union League?

The Virginia Credit Union League's mission encompasses advocacy on regulatory and political fronts for credit unions. This organization also dedicates itself to the education and training of credit union staff and volunteers. Furthermore, Virginia Credit Union League provides a broad array of informational and operational resources to support credit unions.


Official website here: www.vacul.org

Who is the CEO of Virginia Credit Union League?

Carrie Hunt is the Chairman of Virginia Credit Union League.


Official website here: www.vacul.org

What is the revenue of Virginia Credit Union League?

Virginia Credit Union League's revenue in 2022 was $2,111,824.


Official website here: www.vacul.org

Who are the executives of Virginia Credit Union League and what are their salaries?

The average compensation at Virginia Credit Union League during 2022 was $66,222. There are 17 employees and 73 volunteers at Virginia Credit Union League.


Here are 13 key members and their salaries:


Joe Thomas (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Bentley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Muse (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janine Williams (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Six (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Warrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Hunt (President)
  • Compensation: $182,743
  • Related: $182,743
  • Other: $53,531
James T Blau (Chief Advocacy Officer)
  • Compensation: $54,598
  • Related: $54,598
  • Other: $10,740
David Deacon (Vice President)
  • Compensation: $0
  • Related: $106,656
  • Other: $31,073
Karima Freeman (Chief Accountant)
  • Compensation: $23,499
  • Related: $70,498
  • Other: $30,806


Official website here: www.vacul.org

Where can I find the form 990 for Virginia Credit Union League?

Virginia Credit Union League's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vacul.org

Learn more at the official website: www.vacul.org

Mission Statement of Virginia Credit Union League

The Virginia Credit Union League is an organization dedicated to advocating for credit unions on a regulatory and political level. Beyond advocacy, their mission expands to include education and training for credit union staff and volunteers. The league offers a wealth of informational and operational resources to support the functioning of these credit unions. By engaging in these activities, the Virginia Credit Union League aims to contribute positively to the credit union sector, ensuring their continued success and growth.

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Impact




October, 2024

The Virginia Credit Union League significantly impacts the credit union landscape in Virginia through its focused efforts in regulatory and political advocacy, education, and training. By championing the interests of credit unions, the League ensures that they have a robust voice in legislative matters, advocating for policies that benefit their operations and members.

Additionally, the League provides essential training and educational resources tailored for credit union staff and volunteers, enhancing their skills and operational effectiveness. This comprehensive support empowers credit unions to better serve their communities, promoting financial literacy and improving overall economic wellbeing. Through these initiatives, the Virginia Credit Union League plays a vital role in strengthening both individual credit unions and the broader community.




This information is meant to be a general summary of Virginia Credit Union League. 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.

Revenue
$2,111,824 (2022)
Expenses
$1,706,086 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $33,283
  • Program Service Revenue: $1,907,198
  • Gross Receipts: $2,119,980

Assets and Liabilities:

  • Total Assets: $13,230,387
  • Total Liabilities: $3,533,703
  • Net Assets: $9,696,684

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$1,712,021

REGISTRATION FEE

Revenue

$177,657

DINNERS & MEETINGS

Revenue

$17,520

Organization Details

Founding Year

1952

Principal Officer

Carrie Hunt

Main Address

108 N 8TH STREET, RICHMOND, VA, 23219

NTEE Category

Code: S41 - Community improvement

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