Blue Eagle Credit Union
- Assets
- $217.6m
- Revenue
- $16.6m
- Investments
- $18.4m
- Employees
- 93
- Location
- Roanoke, VA
- Founding
- Data as of
- 12/2023
- EIN
- 54-0585044
Organization Overview
Blue Eagle Credit Union is located in Roanoke, VA. As of 12/2023, Blue Eagle Credit Union employed 93 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 12/2023, Blue Eagle Credit Union generated $16.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $14.3m during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 8 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Caudill Secretary | OfficerTrustee | 0.5 | $0 |
Eric Guiterrez Vice Chairman | OfficerTrustee | 0.5 | $0 |
Paul English Director | Trustee | 0.5 | $0 |
Janice Gray Director | Trustee | 0.5 | $0 |
Robert Hartsel Chairman | OfficerTrustee | 0.5 | $0 |
Cliff Demars Vice Chairman | OfficerTrustee | 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 | $15,404,997 |
| Investment income | $1,064,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,627,420 |
| 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. | $812,997 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,484,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $968,006 |
| Payroll taxes | $378,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $369 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,637 |
| Advertising and promotion | $166,505 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,716 |
| Travel | $63,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,304 |
| Interest | $5,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $465,143 |
| Insurance | $0 |
| All other expenses | $233,608 |
| Total functional expenses | $14,304,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,132,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,318,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $175,711,849 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $220,364 |
| Net Land, buildings, and equipment | $4,190,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,382,827 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,602,674 |
| Total assets | $217,559,628 |
| Accounts payable and accrued expenses | $2,760,501 |
| 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 | $300,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,552,233 |
| Total liabilities | $193,613,679 |
| 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 | $23,945,949 |
| Total liabilities and net assets/fund balances | $217,559,628 |