VIRGINIA CREDIT UNION INC
PO BOX 90010, RICHMOND, VA 23225 www.vacu.org

Total Revenue
$213,935,125
Total Expenses
$178,335,094
Net Assets
$333,865,121

Organizations Filed Purposes: TO BE OUR MEMBERS' TRUSTED PROVIDER OF FINANCIAL SERVICES, HELPING THEM ACHIEVE GREATER SUCCESS.

STATE CHARTERED CREDIT UNION - SEE SCHEDULE 0DEPOSITS ARE COLLECTED FROM MEMBERS, LOANS ARE MADE TO MEMBERS, AND OTHER FINANCIAL SERVICES ARE PROVIDED IN ORDER TO PROMOTE THRIFT AMONGST MEMBERS AND HELP THEM GET AHEAD FINANCIALLY.

VIRGINIA CREDIT UNION REACHED NEW MILESTONES IN 2018, AND OUR MEMBERSHIP CONTINUED TO GROW, TOPPING 275,000 FOR THE FIRST TIME. IN 2018, THE CREDIT UNION: UNVEILED NEW TOOLS TO GIVE MEMBERS MORE CONTROL OVER THEIR DEBIT AND CREDIT CARDS, LIKE TURNING CARDS ON OR OFF, MANAGING ALERTS, SETTING TRAVEL MEMOS AND MORE. BOOSTED SECURITY AS MORE MEMBERS SIGNED ON FOR VACU VOICE ID RECOGNITION SOFTWARE. SUBSTANTIALLY COMPLETED CONSTRUCTION FOR A LARGER FACILITY IN SPOTSYLVANIA COUNTY TO REPLACE THE COSNER'S CORNER BRANCH. THE NEW COSNER EAST BRANCH WILL OPEN IN EARLY 2019. GAINED RECOGNITION FOR EXCELLENCE BY READERS OF RICHMOND MAGAZINE AND THE RICHMOND TIMES-DISPATCH. SET A NEW RECORD FOR FINANCIAL EDUCATION PROGRAMS, WITH 27,113 ATTENDING A VACU-LED WORKSHOP OR CLASS. 2018 WAS ALSO A YEAR OF GROWTH FOR THE LOCAL BUSINESSES THAT RELY ON VIRGINIA CREDIT UNION. VACU IS HELPING LOCAL BUSINESSES COMPETE BY PROVIDING BUSINESS LOANS FOR NEEDED PROJECTS AND EXPANSIONS. IN 2018, FINANCING FROM VACU HELPED OPEN A RESTORED HOTEL IN FARMVILLE, RENOVATE HISTORIC PORPERTIES NEAR DOWNTOWN RICHMOND, AND EXPAND OPERATIONS FOR A CHARLOTTESVILLE-BASED SOLAR ENERGY COMPANY.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Christopher ShockleyPRESIDENT/CEO60$677,950
Christopher N SanedaSEVP/COO55$548,995
Stephanie VickEVP/CFO55$410,697
Deborah WredenEVP/PRODUCT AND DELIVERY S55$355,769
John StoneEVP FINANCIAL SERVICES/CUS55$319,511
Lee DranoffEVP LENDING55$296,319
Michael NobleEVP CHIEF BUSINESS BANKING55$284,401
Timothy KelleyEVP/MEMBER SERVICES55$280,408
William DodlHCE/EVP HR55$243,540
Margaret E WhiteDIRECTOR5$7,333
Demerst B SmitDIRECTOR5$4,883
Kenneth E AmpyDIRECTOR5$4,787
Paul D ThompsonDIRECTOR/SECRETARY TREASURER5$3,611
Neila L GunterDIRECTOR5$3,423
Rob JonesDIRECTOR/BOARD VICE CHAIR5$1,683
Janet W WiglesworthDIRECTOR5$0
Eric B TolbertDIRECTOR/BOARD CHAIR10$0
Robert P MorrisDIRECTOR5$0
Tracy MccabeDIRECTOR5$0
John T GrierDIRECTOR5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201903169349305470_public.xml