Virginia Credit Union Inc
TO BE OUR MEMBERS' TRUSTED PROVIDER OF FINANCIAL SERVICES, HELPING THEM ACHIEVE GREATER SUCCESS.
Key facts about Virginia Credit Union Inc
- EIN
- 54-0578719
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $1,354,000
- Grants made (2023)
- 22
- Average grant
- $61,545
- Median grant
- $15,000
- New grantees (estimate)
- 55% first-time grantees (12 of 22, 2023)
- Total assets
- $5,324,355,565
- Primary geography
- Virginia (96% of itemized 2023 grant dollars)
- Next open deadline
- December 31, 2026 (Virginia Credit Union Scholarship Program)
Data from IRS Form 990-PF, 2023; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Virginia Credit Union Inc funds
By grant dollars, the top recipient states for Virginia Credit Union Inc's 22 itemized 2023 grants were Virginia (96%). The most frequent recipient cities were Richmond, VA (17 grants). 73% of grants with a stated purpose were for general or operating support.
Is Virginia Credit Union Inc open to new grantees?
55%
first-time grantees, 2023
In 2023, 12 of 22 grantees (55%) were first-time recipients. First grants averaged $20K; repeat grants $112K. How we count
Medians: $16K first-time, $15K repeat.
- 41% of 2023 grantees were also funded in 2022. Method
- Giving held roughly steady from 2020 to 2023 (+18%). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Virginia Credit Union Inc
- How to evaluate Virginia Credit Union Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$5.3B
+4.7% YoY
Annual Giving
$1.4M
+10.6% YoY
Grant Count
22
+22.2% YoY
Avg Grant Size
$62K
-9.5% YoY
About Virginia Credit Union Inc
Based on IRS filings
Virginia Credit Union Inc is a nonprofit organization, based in Richmond, VA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $5.3B in total assets. In 2023, it awarded 22 grants totaling $1.4M. Net investment income was $53.2M.
Ready to take the next step with Virginia Credit Union Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 22 itemized 2023 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,324,355,565 | $5,086,460,688 | $4,993,101,039 |
| Revenue | $341,774,027 | $269,593,613 | $263,088,979 |
| Expenses | $319,471,859 | $219,484,073 | $212,439,527 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $53,176,752 | $30,889,640 | $34,584,002 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
61 grants across all recorded years
Open Grants
1 open opportunity from Virginia Credit Union Inc
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest recipients include Vcu School of Business Foundation ($1,000,000), Vcu ($50,000), Worldwide Foundation for Credit Unions ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VCU SCHOOL OF BUSINESS FOUNDATION Richmond, VA | VACU FINANCIAL SUCCESS CENTER AT VCU | $1,000,000 |
| VCU Richmond, VA | GENERAL SUPPPORT | $50,000 |
| WORLDWIDE FOUNDATION FOR CREDIT UNIONS Washington, DC | GENERAL SUPPORT | $50,000 |
| CHAMBER RVA Richmond, VA | HYPE PROGRAM, MISSION TOMORROW; GENERAL SUPPORT | $30,000 |
| BOYS AND GIRLS CLUB Richmond, VA | GENERAL SUPPORT | $25,000 |
| JR ACHIEVEMENT Richmond, VA | GENERAL PURPOSES | $20,000 |
| UVA ATHLETICS Charlottesville, VA | VIRGINIA ATHLETIC FOUNDATION | $17,500 |
| VA COUNCIL ON ECOMOMIC EDUCATION Richmond, VA | EDUCATOR AWARDS, SRI MARK INTEL REPORT | $16,000 |
| CHILDRENS HOSPITAL Richmond, VA | GENERAL SUPPORT | $15,000 |
| VCU ATHLETICS FUND Richmond, VA | GENERAL SUPPORT | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kimberly Baine | Director | 5 | — |
| Robert Bolling | Director/Secretary Treasur | 5 | $6,165 |
| Kenneth E Ampy | Director/Board Chair | 10 | $6,165 |
| Eric B Tolbert | Director | 5 | $5,736 |
| Paul Thompson | Director | 5 | $6,165 |
| Melina Davis | Director/Board Vice Chair | 5 | $6,165 |
| Robert Jones | Director | 5 | $5,618 |
| Brian K Jackson | Director | 5 | $6,165 |
| John T Grier | Director | 5 | $1,488 |
| Patricia Green | Director | 5 | $4,260 |
| Tracy McCabe | Director | 5 | — |
| Christopher Shockley | President/CEO | 60 | $1,136,990 |
| Stephanie Vick | EVP/CFO | 55 | $768,990 |
| Christopher N Saneda | Sevp/COO | 55 | $1,085,363 |
| Deborah Wreden | EVP Product and Strategy | 55 | $469,262 |
| Lee Dranoff | EVP Lending | 55 | $471,048 |
| Michael Noble | EVP Chief Bus Banking Offi | 55 | $487,201 |
| Maryann Fatheddin | EVP Human Resources | 55 | $490,637 |
| John Stone | EVP Fin Ser/Cuso Pres | 55 | $516,705 |
Frequently Asked Questions
How large is Virginia Credit Union Inc?
As of 2023, Virginia Credit Union Inc holds $5.3B in total assets with $341.8M in annual revenue. It awarded 22 grants totaling $1.4M in 2023.
Where does Virginia Credit Union Inc operate?
Virginia Credit Union Inc has awarded grants in District of Columbia, Utah, Virginia, Wisconsin.
What size grants does Virginia Credit Union Inc award?
In 2023, Virginia Credit Union Inc awarded 22 grants totaling $1.4M — an average of about $62K per grant, based on its IRS Form 990 filings.
What is Virginia Credit Union Inc's EIN?
Virginia Credit Union Inc's EIN (Employer Identification Number) is 54-0578719. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.