West Virginia Public Employees Credit Union

Organization Overview

West Virginia Public Employees Credit Union, operating under the name The State Credit Union, is located in Charleston, WV. As of 12/2021, State Credit Union employed 18 individuals. State 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, State Credit Union generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STATE EMPLOYEES' CREDIT UNION

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVES APPROXIMATELY 13,000 MEMBERS BY PROVIDING SERVICES FOR FINANCIAL HEALTH.


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Board, Officers & Key Employees

Name (title)Compensation
Brent Gray
CEO
$138,700
Charles Mcdaniel
Chairman
$0
Karl Shanholtzer
Vice-Chair.
$0
David Fletcher
Treasurer
$0
John Smolder
Secretary
$0
Robert Mallory
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,891
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$5,891
Total Program Service Revenue$2,859,123
Investment income $361,729
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$31,018
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,195,725

Peer Organizations

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