West Virginia Credit Union League
- Assets
- $1.2m
- Revenue
- $795.6k
- Investments
- $101.1k
- Employees
- 5
- Location
- Parkersburg, WV
- Founding
- 01/1969
- Data as of
- 12/2021
- EIN
- 55-0404927
Organization Overview
West Virginia Credit Union League is located in Parkersburg, WV. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, West Virginia Credit Union League employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, West Virginia Credit Union League generated $795.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 9.1% 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
THIS ORGANIZATION PLANS AND EXPEDITES PROGRAMS AND ACTIVITIES TO OFFER A VARIETY OF TRAINING AND SUPPORT SERVICES TO MEMBER CREDIT UNIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION USES REVENUES TO PLAN AND EXPEDITE PROGRAMS AND ACTIVITIES TO OFFER A VARIETY OF TRAINING AND SUPPORT SERVICES TO MEMBER CREDIT UNIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Schaffer President/ceo - Part Year | Officer | 40 | $60,422 |
Kenneth R Watts President/ceo - Part Year | Officer | 40 | $59,942 |
Mike Tucker Secretary | OfficerTrustee | 1 | $0 |
Sherry Peck Vice Chairman | OfficerTrustee | 1 | $0 |
Joetta Heck Chairman | OfficerTrustee | 1 | $0 |
Tom Walker Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $744,015 |
| 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 | $744,015 |
| Total Program Service Revenue | $23,853 |
| Investment income | $14,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,052 |
| Net Gain/Loss on Asset Sales | $8,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $795,609 |
| 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. | $120,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,888 |
| Pension plan accruals and contributions | $576,731 |
| Other employee benefits | $80,938 |
| Payroll taxes | $26,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $30,700 |
| Fees for services: Lobbying | $46,538 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,167 |
| Travel | $15,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,523 |
| Insurance | $8,626 |
| All other expenses | $9,893 |
| Total functional expenses | $1,238,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,118 |
| Savings and temporary cash investments | $542,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,788 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,896 |
| Prepaid expenses and deferred charges | $10,901 |
| Net Land, buildings, and equipment | $326,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $101,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,871 |
| Total assets | $1,216,216 |
| Accounts payable and accrued expenses | $28,955 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $294,006 |
| Total liabilities | $322,961 |
| Net assets without donor restrictions | $893,255 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,216,216 |
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|---|---|---|
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Aurgroup Financial Credit Union Fairfield, OH | $202,850,587 | $8,772,438 |
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1371 Impact Credit Union Inc Clyde, OH | $184,776,564 | $7,906,870 |