West Virginia Public Employees Credit Union

The State Credit Union

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

EIN: 550613214 ✦ Charleston, WV ✦ Designated as a 501(c)(14)

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Overview

What is West Virginia Public Employees Credit Union?

West Virginia Public Employees Credit Union is a nonprofit organization catering to around 13,000 members. Their primary focus is on promoting financial wellness, acting as a State Employees' Credit Union. Their mission is to offer various services to support their members in maintaining financial health.


Official website here: www.wvpecu.org

Is West Virginia Public Employees Credit Union legitimate?

West Virginia Public Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. West Virginia Public Employees 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: $239,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $670,938

For more financial information, click here


Official website here: www.wvpecu.org

What is the mission statement of West Virginia Public Employees Credit Union?

The West Virginia Public Employees Credit Union serves around 13,000 members, committed to enhancing their financial well-being. Its mission is to function as the State Employees' Credit Union, providing essential financial services. The credit union's objective is to serve its members effectively, aiming to be a reliable and trusted financial partner for them. It strives to promote financial health and stability among its members, offering various services to support their financial needs.


Official website here: www.wvpecu.org

Who is the CEO of West Virginia Public Employees Credit Union?

Charles Mcdaniel is the Chairman of West Virginia Public Employees Credit Union. The CEO's salary of West Virginia Public Employees Credit Union is $239,438 and their total compensation is $290,950.


Official website here: www.wvpecu.org

What is the revenue of West Virginia Public Employees Credit Union?

West Virginia Public Employees Credit Union's revenue in 2022 was $3,405,127.


Official website here: www.wvpecu.org

Who are the executives of West Virginia Public Employees Credit Union and what are their salaries?

The average compensation at West Virginia Public Employees Credit Union during 2022 was $50,576. There are 18 employees at West Virginia Public Employees Credit Union.


Here are 6 key members and their salaries (West Virginia Public Employees Credit Union's CEO's salary is $239,438 and their total compensation is $290,950):


Brent Gray (Ceo)
  • Compensation: $239,438
  • Related: $0
  • Other: $51,512
David Fletcher (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mallory (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Mcdaniel (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Shanholtzer (Vice-Chair.)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Smolder (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wvpecu.org

Where can I find the form 990 for West Virginia Public Employees Credit Union?

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


Official website here: www.wvpecu.org

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

Mission Statement of West Virginia Public Employees Credit Union

West Virginia Public Employees Credit Union, serving around 13,000 members, is committed to promoting financial wellbeing. Its mission is to establish itself as the go-to credit union for state employees, providing them with essential financial services. The credit union's primary objective is to act as the State Employees' Credit Union, ensuring it meets the financial needs of its members effectively.

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Impact




October, 2024

West Virginia Public Employees Credit Union plays a vital role in promoting financial health among its approximately 13,000 members. Located in Charleston, WV, the credit union focuses on serving state employees by providing a range of financial services tailored to their needs.

By facilitating access to affordable banking options, loans, and financial education, the credit union contributes significantly to the economic well-being of its members. This support not only helps individuals manage their personal finances more effectively but also strengthens the financial stability of the communities they serve.

Furthermore, the credit union's commitment to public benefit fosters a sense of solidarity and mutual support among state employees, enhancing their overall quality of life. Through its mission, the West Virginia Public Employees Credit Union embodies a dedication to the financial empowerment of its members, creating a positive impact on the state's workforce and beyond.




This information is meant to be a general summary of West Virginia Public Employees 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
$3,405,127 (2022)
Expenses
$2,597,908 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $382,711
  • Program Service Revenue: $3,022,416
  • Gross Receipts: $3,585,806

Assets and Liabilities:

  • Total Assets: $87,564,832
  • Total Liabilities: $73,842,532
  • Net Assets: $13,722,300

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Programs

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

INTEREST ON LOANS

Revenue

$2,357,205

MISC. FEE INCOME

Revenue

$392,840

SURCHARGE INCOME

Revenue

$271,775

MEMBERSHIP FEES

Revenue

$596

Organization Details

Founding Year

1971

Principal Officer

Charles Mcdaniel

Main Address

PO BOX 50919, CHARLESTON, WV, 25305

NTEE Category

Code: W60 - Public benefit

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