VIRGINIA COOP CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Phone

2187415644

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA COOP CREDIT UNION, founded in 1937, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $622K, a strong 28% operating margin.

Mission

VIRGINIA COOP CREDIT UNION IS A MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, HIGH QUALITY PRODUCT LINES THAT SATISFY OUR MEMBERS FINANCIAL NEEDS WHILE PROMOTING FINANCIAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $207,564

SERVICING AND COLLECTIONS ON MEMBERS' HOME EQUITY LOANS, SECURED LOANS, UNSECURED LOANS, AND CREDIT CARDS.

Program 2

Expenses: $86,510

PROVISION FOR LOAN LOSSES - RESERVE FOR UNCOLLECTABLE LOAN AMOUNTS.

Program 3

INFORMATION TECHNOLOGY - RECORDED MEMBER TRANSACTION INFORMATION AND PROVIDED ACCESS TO FUNDS IN PERSON, VIA HOME BANKING, AND ATM MACHINES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,927,441

Investment Income $308,561

Other Revenue $14,950

TOTAL REVENUE $2,250,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,652

Fundraising Expenses $0

Program Expenses $294,074

Other Expenses $1,062,442

TOTAL EXPENSES $1,629,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,250,952	$1,943,862	+0.2%
Expenses	$1,629,111	$1,729,055	-0.1%
Net Income	$621,841	$214,807	+1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$188,101

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD RAUSCH	PRESIDENT/CEO	40.00	Officer	$115,101	$0	$115,101
ASHLEY FISH	Vice President	0.00	Officer	$73,000	$0	$73,000
DONALD PELISKA	President	0.00	Director	$0	$0	$0
STEVEN BADANJAK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MADDEN	S. COMMITTEE	1.00	Director	$0	$0	$0
ROBERT HENDERSON	Chairman	1.00	Director	$0	$0	$0
MARK SNIDARICH	VICE CHAIR	1.00	Director	$0	$0	$0
KAIJA GIROUX	CHAIR - S. COMM	1.00	Director	$0	$0	$0
JAMES OBERSTAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MENART	BOARD MEMBER	0.00	Director	$0	$0	$0
CONSTANCE GUNDERSON	S COMMITTEE	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$2,250,952	$1,629,111	$40,646,048	$621,841
2023	$1,943,862	$1,729,055	$40,681,303	$214,807
2022	$1,678,062	$1,291,904	$41,502,102	$386,158
2021	$1,401,452	$1,213,020	$39,570,819	$188,432
2020	$1,296,256	$1,188,705	$33,430,313	$107,551
2019	$1,334,349	$1,133,189	$26,781,533	$201,160
2018	$1,249,126	$982,833	$26,083,685	$266,293