RICHMOND, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DOMINION ENERGY CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2024. Expenses of $14.6M left a modest 4% surplus.
TO PROVIDE FINANCIAL SERVICES TO IMPROVE THE FINANCIAL WELL-BEING OF THE CREDIT UNION MEMBERSHIP.
THE CREDIT UNION PROVIDES A LOW COST SOURCE OF CREDIT BY OFFERING LOAN PRODUCTS SUCH AS VEHICLE LOANS, 1ST AND 2ND MORTGAGE LOANS, VISA AND OTHER LOANS.
THE CREDIT UNION PROMOTES THRIFT BY OFFERING SAVINGS PRODUCTS PAYING ATTRACTIVE RATES OF INTEREST AVAILABLE TO LARGE AND SMALL SAVERS ALIKE IN PRODUCTS SUCH AS SHARE SAVINGS ACCOUNTS, MONEY MARKET...
THE CREDIT UNION PROMOTES THRIFT BY OFFERING SAVINGS PRODUCTS PAYING ATTRACTIVE RATES OF INTEREST AVAILABLE TO LARGE AND SMALL SAVERS ALIKE IN PRODUCTS SUCH AS SHARE SAVINGS ACCOUNTS, MONEY MARKET ACCOUNTS, CHRISTMAS CLUB ACCOUNTS, AND SHARE CERTIFICATES.
THE CREDIT UNION EMPHASIZES ACCESSIBILITY AND CONVENIENCE TO A MEMBER'S OWN MONEY BY OFFERING DELIVERY CHANNELS SUCH AS OWNED AND SHARED BRANCHES, NETWORKED ATMS, 1-800 CALL CENTER, ONLINE BANKING...
THE CREDIT UNION EMPHASIZES ACCESSIBILITY AND CONVENIENCE TO A MEMBER'S OWN MONEY BY OFFERING DELIVERY CHANNELS SUCH AS OWNED AND SHARED BRANCHES, NETWORKED ATMS, 1-800 CALL CENTER, ONLINE BANKING, CHECKING ACCOUNTS, ELECTRONIC AND OTHER MEDIUMS OF MONEY TRANSFER AND ACCESS AND VISA DEBIT AND CREDIT CARDS. THESE SERVICES ARE OFFERED AT LITTLE TO NO CHARGES, A COMMITMENT EVIDENCED BY THE FACT THAT OUR PERCENTAGE OF FEE INCOME TO TOTAL INCOME IS AMONG THE LOWEST IN THE FINANCIAL SEVICES INDUSTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,266,976 | $14,364,538 | +0.1% |
| Expenses | $14,649,141 | $14,517,079 | +0.0% |
| Net Income | $617,835 | $-152,541 | -5.1% |
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 |
|---|---|---|---|---|---|---|
| AFUA ESSANDOAH | PRESIDENT/CEO | 50.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD BAINE | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH WINDLE | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE WOOTEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLOS BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FELICIA HOWARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| UTIBE BASSEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS ARRUDA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| IRIS GRIFFIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $15,266,976 | $14,649,141 | $344,230,766 | $617,835 |
| 2023 | $14,364,538 | $14,517,079 | $360,605,194 | $-152,541 |
| 2022 | $12,771,973 | $10,246,002 | $386,694,325 | $2,525,971 |
| 2021 | $12,150,573 | $9,875,120 | $394,897,514 | $2,275,453 |
| 2020 | $12,718,226 | $10,636,462 | $367,431,612 | $2,081,764 |
| 2019 | $13,039,802 | $11,118,880 | $301,300,604 | $1,920,922 |
| 2018 | $12,064,521 | $9,488,859 | $300,134,785 | $2,575,662 |
Compare DOMINION ENERGY CREDIT UNION with other nonprofits in Virginia and across the country.