Pwc Employees Credit Union
- Assets
- $75.9m
- Revenue
- $2.5m
- Investments
- $37.4m
- Employees
- 23
- Location
- Woodbridge, VA
- Founding
- Data as of
- 12/2022
- EIN
- 54-1110502
Organization Overview
Pwc Employees Credit Union is located in Woodbridge, VA. As of 12/2022, Pwc Employees Credit Union employed 23 individuals. Pwc Employees 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 12/2022, Pwc Employees Credit Union generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PWC EMPLOYEES CREDIT UNION IS SERVING THOSE WHO SERVE PRICE WILLIAM COUNTY BY PROVIDING WORLD CLASS FINANCIAL PRODUCTS AND SERVICE TO OUR MEMBER-OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Bodie CEO | Officer | 50 | $0 |
Pamela M Kennan CFO | Officer | 50 | $0 |
Becky Brown COO | Officer | 50 | $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 | $1,953,503 |
| Investment income | $517,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,471,086 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $933,168 |
| Pension plan accruals and contributions | $51,873 |
| Other employee benefits | $27,340 |
| Payroll taxes | $79,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,447 |
| Fees for services: Accounting | $32,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,980 |
| Fees for services: Other | $532,783 |
| Advertising and promotion | $21,520 |
| Office expenses | $245,813 |
| Information technology | $98,688 |
| Royalties | $0 |
| Occupancy | $158,852 |
| Travel | $223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,538 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,215 |
| Insurance | $31,069 |
| All other expenses | $8,641 |
| Total functional expenses | $2,464,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,043 |
| Savings and temporary cash investments | $7,747,909 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,836,765 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,388 |
| Net Land, buildings, and equipment | $2,164,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,448,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,939,034 |
| Total assets | $75,908,542 |
| Accounts payable and accrued expenses | $307,782 |
| 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 | $68,486,662 |
| Total liabilities | $68,794,444 |
| Net assets without donor restrictions | $6,591,681 |
| Net assets with donor restrictions | $522,417 |
| 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 | $75,908,542 |