Blue Eagle Credit Union
- Assets
- $202.8m
- Revenue
- $12.6m
- Investments
- $32.5m
- Employees
- 81
- Location
- Roanoke, VA
- Founding
- Data as of
- 12/2021
- EIN
- 54-0585044
Organization Overview
Blue Eagle Credit Union is located in Roanoke, VA. As of 12/2021, Blue Eagle Credit Union employed 81 individuals. Blue Eagle Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Blue Eagle Credit Union generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
'DELIVERING SOLUTIONS'
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE EAGLE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS SUCH AS SAVINGS ACCOUNTS AND LOANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Thompson CEO | Officer | 40 | $307,567 |
Kevin Alfred Clo | Officer | 40 | $181,207 |
William Tawney CFO | Officer | 40 | $112,673 |
Eric Guiterrez Director | Trustee | 0.5 | $0 |
Catherine Caudill Director | Trustee | 0.5 | $0 |
Paul English Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,125,098 |
| Investment income | $69,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $289,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,633,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $601,447 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,918,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $865,686 |
| Payroll taxes | $319,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,062 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $402,398 |
| Advertising and promotion | $94,521 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,825 |
| Travel | $28,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $554,497 |
| Insurance | $0 |
| All other expenses | $157,585 |
| Total functional expenses | $10,723,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,281,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,266,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $144,585,207 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $217,865 |
| Net Land, buildings, and equipment | $3,599,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,503,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,301,835 |
| Total assets | $202,756,828 |
| Accounts payable and accrued expenses | $1,593,035 |
| Grants payable | $0 |
| Deferred revenue | $97,702 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,967,180 |
| Total liabilities | $182,657,917 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $20,098,911 |
| Total liabilities and net assets/fund balances | $202,756,828 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adler University Chicago, IL | $54,030,129 | $55,024,940 |
Cornerstones Of Care Kansas City, MO | $33,252,192 | $62,036,711 |
Southlake Tri-City Management Corp Merrillville, IN | $41,327,791 | $57,011,175 |
Indiana Organ Procurement Organization Inc Indianapolis, IN | $65,218,746 | $57,064,127 |
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
United Brotherhood Of Carpenters & Joiners Of America Greenwood, IN | $122,593,290 | $51,465,869 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |