Dominion Energy Credit Union

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

EIN: 546039972 ✦ Richmond, VA ✦ Designated as a 501(c)(14)

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Overview

What is Dominion Energy Credit Union?

Dominion Energy Credit Union is a member-focused financial institution based in Richmond, Virginia. With the address at 1100 Boulders Parkway, 601, the credit union offers a wide array of affordable loan products such as vehicle loans, first and second mortgage loans, and Visa and other loans, aimed at enhancing the financial well-being of its members. The mission of Dominion Energy Credit Union is to provide financial services tailored to its membership, creating a sustainable financial future.


Official website here: www.dominionenergycu.org

Is Dominion Energy Credit Union legitimate?

Dominion Energy Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Dominion Energy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.dominionenergycu.org

What is the mission statement of Dominion Energy Credit Union?

The Dominion Energy Credit Union is dedicated to enhancing the financial well-being of its members by offering various financial services. Its mission is to provide financial assistance through a range of loan products, including vehicle loans, first and second mortgage loans, and Visa and other loans. By doing so, the credit union aims to serve as a low-cost source of credit for its membership. The credit union's offerings extend beyond loans, as it also focuses on improving members' overall financial health and stability.


Official website here: www.dominionenergycu.org

Who is the CEO of Dominion Energy Credit Union?

Michael C Swalley is the President/Ceo of Dominion Energy Credit Union. The CEO's salary of Dominion Energy Credit Union is $0 and their total compensation is $0.


Official website here: www.dominionenergycu.org

What is the revenue of Dominion Energy Credit Union?

Dominion Energy Credit Union's revenue in 2022 was $12,771,973.


Official website here: www.dominionenergycu.org

Who are the executives of Dominion Energy Credit Union and what are their salaries?

There 100 volunteers at Dominion Energy Credit Union.


Here are 9 key members and their salaries (Dominion Energy Credit Union's CEO's salary is $0 and their total compensation is $0):


Michael C Swalley (President/Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Barker (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlene Whitfield (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Windle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Baine (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wooten (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Brown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Frederick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felicia Howard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dominionenergycu.org

Where can I find the form 990 for Dominion Energy Credit Union?

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


Official website here: www.dominionenergycu.org

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

Mission Statement of Dominion Energy Credit Union

Dominion Energy Credit Union, with its mission to provide financial services, is dedicated to enhancing the financial well-being of its members. By offering a variety of loan products, the credit union functions as a low-cost source of credit for its members. With offerings such as vehicle loans, first and second mortgage loans, and Visa and other loans, Dominion Energy Credit Union empowers its members to manage their financial obligations effectively.

In simple terms, the credit union's primary goal is to help its members improve their financial situations. By providing access to affordable credit, Dominion Energy Credit Union enables its members to make informed financial decisions and build a solid financial foundation. The credit union's commitment to its members extends beyond just offering financial products. It aims to foster financial literacy and education, providing valuable resources and guidance to help its members make the most of their money.

The credit union's activities are centered around its core mission to provide financial services to its membership. It is a not-for-profit organization, with all earnings returned to its members in the form of lower loan rates, higher savings yields, and improved services. Members can rely on Dominion Energy Credit Union as a trusted partner in their financial journey, working together to achieve financial stability and success.

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Impact




October, 2024

Dominion Energy Credit Union plays a significant role in enhancing the financial stability of its members by offering a range of accessible and affordable financial services. Located in Richmond, VA, the credit union provides low-cost credit options, including vehicle loans, first and second mortgage loans, and various credit card products. This focus on accessible lending not only helps members achieve their financial goals but also fosters a sense of financial empowerment within the community.

By prioritizing the financial well-being of its membership, Dominion Energy Credit Union contributes to improved economic conditions for its members, enabling them to make informed financial decisions and secure essential resources. Ultimately, the credit union's services support both individual financial health and broader community stability.




This information is meant to be a general summary of Dominion Energy 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.

Revenue
$12,771,973 (2022)
Expenses
$10,246,002 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,592,067
  • Program Service Revenue: $10,179,906
  • Gross Receipts: $12,771,973

Assets and Liabilities:

  • Total Assets: $386,694,325
  • Total Liabilities: $353,476,993
  • Net Assets: $33,217,332

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Programs

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

LOAN INTEREST INCOME

Revenue

$6,518,316

VISA INT, INTERCHANGE & FEES

Revenue

$1,967,490

ATM INCOME & FEES

Revenue

$786,487

SHARE DRAFT CHECKING

Revenue

$715,746

OTHER INCOME & SERVICE FEES

Revenue

$191,867

Organization Details

Founding Year

1940

Principal Officer

Michael C Swalley

Main Address

1100 BOULDERS PARKWAY 601, RICHMOND, VA, 23225

NTEE Category

Code: W60 - Public benefit

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