NEWPORT NEWS, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA EDUCATORS CREDIT UNION, founded in 1954, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $650K, a strong 26% operating margin.
The Credit Union provided affordable loans to 381 individuals during the year. Many of the individuals would not have been able to obtain such loans from other financial institutions. In addition, the Credit Union provided depository services to members and financial literacy presentations and services within various schools. The Credit Unions membership consists of primarily 1) All students and persons engaged in educational services in the Cities of Newport News, Williamsburg, and the counties of Isle of Wight, York, James City, Gloucester, and Mathews. Additionally, 2) all students enrolled in a college or university in the cities of Newport News, Hampton, and Williamsburg and alumni of such colleges and universities and 3) employees and students of Hampton University, 4) Un-married spouses of deceased members, 5) family members related by blood, marriage, or by law, 6) retirees of the above noted school systems, 7) any retired educator currently residing in the localities specified
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,170,205 | $2,332,693 | +0.8% |
| Expenses | $1,357,771 | $1,400,734 | 0.0% |
| Net Income | $2,812,434 | $931,959 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS FISHER JR | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| DR THOMASENA WOODS | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| STEVEN KANEHL | Secretary | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA BOONE | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| DR ANNE EDISON | Chairperson | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| REGINALD FOX | Vice-Chair | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| DENNIS JARRETT | Treasurer | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROLYN CHITTENDEN | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| DORETHA SPELLS | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,170,205 | $1,357,771 | $77,278,452 | $2,812,434 |
| 2022 | $2,332,693 | $1,400,734 | $79,815,449 | $931,959 |
| 2021 | $1,589,092 | $1,392,060 | $78,982,986 | $197,032 |
| 2020 | $1,724,918 | $1,635,239 | $77,047,091 | $89,679 |
| 2019 | $2,599,766 | $1,977,950 | $66,367,211 | $621,816 |
| 2018 | $2,531,784 | $1,881,322 | $65,730,948 | $650,462 |
Compare VIRGINIA EDUCATORS CREDIT UNION with other nonprofits in Virginia and across the country.