Dupont Community Credit Union
- Assets
- $1.8b
- Revenue
- $68.5m
- Investments
- $2.2m
- Employees
- 439
- Location
- Waynesboro, VA
- Founding
- Data as of
- 12/2021
- EIN
- 54-0662923
Organization Overview
Dupont Community Credit Union is located in Waynesboro, VA. As of 12/2021, Dupont Community Credit Union employed 439 individuals. Dupont Community 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, Dupont Community Credit Union generated $68.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $55.8m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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
COMMITTED TO EXCELLENCE THROUGH OUR RELATIONSHIPS WITH OUR MEMBERS, EMPLOYEES & COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER & BUSINESS LENDING AND SAVINGS, CHECKING, AND CERTIFICATES OF DEPOSIT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Elkins President/ceo | Officer | 40 | $473,601 |
Barry Smith Chief Operating Officer | Officer | 40 | $335,509 |
Mike Tranum Chief Information | Officer | 40 | $299,187 |
Tina Coffey Mortgage Advisor | 40 | $278,839 | |
Jackie Cason VP Of Human Resources | 40 | $239,540 | |
Steve Pittman Chief Financial Officer | Officer | 40 | $217,664 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icidigital Llc Advertising & Marketing | 12/30/21 | $396,244 |
Sycom Technologies Technology Consulting | 12/30/21 | $226,979 |
Blue Ridge Appraisals Appraisal Services | 12/30/21 | $150,600 |
Accenture Llp Commercial Support Services | 12/30/21 | $322,798 |
Harrisonburg Printing & Graphics Llc Printing Services | 12/30/21 | $147,461 |
View All Vendors
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 | $62,769,026 |
| Investment income | $4,596,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,469 |
| Net Gain/Loss on Asset Sales | $149,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,512,991 |
| 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 | $6,821,837 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,270,675 |
| Pension plan accruals and contributions | $251,872 |
| Other employee benefits | $4,714,344 |
| Payroll taxes | $1,394,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,705 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $787,346 |
| Advertising and promotion | $934,142 |
| Office expenses | $6,512,555 |
| Information technology | $1,739,957 |
| Royalties | $0 |
| Occupancy | $1,378,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,675 |
| Interest | $342,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,623,565 |
| Insurance | $163,231 |
| All other expenses | $129,894 |
| Total functional expenses | $55,776,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,938,752 |
| Savings and temporary cash investments | $229,355,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,193,818 |
| Loans from Officers, Directors, or Controlling Persons | $16,635,034 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $985,376,718 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,985,687 |
| Net Land, buildings, and equipment | $54,715,488 |
| Investments—publicly traded securities | $397,804,324 |
| Investments—other securities | $2,198,700 |
| Investments—program-related | $1,557,048 |
| Intangible assets | $0 |
| Other assets | $60,375,888 |
| Total assets | $1,766,136,819 |
| Accounts payable and accrued expenses | $23,801,950 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,850,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,587,559,815 |
| Total liabilities | $1,621,212,265 |
| 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 | $144,924,554 |
| Total liabilities and net assets/fund balances | $1,766,136,819 |
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