West Virginia Credit Union League
- Assets
- $1.4m
- Revenue
- $804.6k
- Investments
- $87.2k
- Employees
- 3
- Location
- Parkersburg, WV
- Founding
- 01/1969
- Data as of
- 12/2022
- 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 12/2022, West Virginia Credit Union League employed 3 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 12/2022, West Virginia Credit Union League generated $804.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $588.6k during the year ending 12/2022. 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
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 |
|---|---|---|---|
Mike Tucker Chairman | OfficerTrustee | 1 | $0 |
Sherry Peck Vice Chairman | OfficerTrustee | 1 | $0 |
Tom Walker Secretary | OfficerTrustee | 1 | $0 |
Lynne Teets Treasurer | OfficerTrustee | 1 | $0 |
Cindy Dickey Director | Trustee | 1 | $0 |
Scott Winwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $761,650 |
| 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 | $761,650 |
| Total Program Service Revenue | $20,107 |
| Investment income | $18,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,312 |
| Net Gain/Loss on Asset Sales | -$238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,558 |
| 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. | $73,854 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,334 |
| Pension plan accruals and contributions | $15,554 |
| Other employee benefits | $68,551 |
| Payroll taxes | $17,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $33,200 |
| Fees for services: Lobbying | $47,771 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,434 |
| Travel | $28,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,366 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,916 |
| Insurance | $9,308 |
| All other expenses | $2,846 |
| Total functional expenses | $588,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,245 |
| Savings and temporary cash investments | $551,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,650 |
| Prepaid expenses and deferred charges | $32,445 |
| Net Land, buildings, and equipment | $295,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $87,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,972 |
| Total assets | $1,379,684 |
| Accounts payable and accrued expenses | $28,238 |
| 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 | $206,379 |
| Total liabilities | $234,617 |
| Net assets without donor restrictions | $1,145,067 |
| 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 | $1,379,684 |