Virginia Credit Union Inc
TO BE OUR MEMBERS' TRUSTED PROVIDER OF FINANCIAL SERVICES, HELPING THEM ACHIEVE GREATER SUCCESS.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 | — | — | — |
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 include Vcu School of Business Foundation ($1,000,000), Vcu ($50,000), Worldwide Foundation for Credit Unions ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JR ACHIEVEMENT RICHMOND, VA | GENERAL PURPOSES | $20,000 |
| VCU RICHMOND, VA | GENERAL SUPPPORT | $50,000 |
| VCU SCHOOL OF BUSINESS FOUNDATION RICHMOND, VA | VACU FINANCIAL SUCCESS CENTER AT VCU | $1,000,000 |
| NEXT UP RICHMOND, VA | GENERAL SUPPORT | $8,500 |
| HUMANKIND LYNCHBURG, VA | ECONOMIC RESOURCE CENTER PROGRAM | $6,000 |
| CHILDRENS HOSPITAL RICHMOND, VA | GENERAL SUPPORT | $15,000 |
| VCU ATHLETICS FUND RICHMOND, VA | GENERAL SUPPORT | $15,000 |
| MAGGIE WALKER COMMUNITY LAND TRUST RICHMOND, VA | GENERAL SUPPORT | $15,000 |
| CHAMBER RVA RICHMOND, VA | HYPE PROGRAM, MISSION TOMORROW; GENERAL SUPPORT | $30,000 |
| UVA ATHLETICS CHARLOTTESVILLE, VA | VIRGINIA ATHLETIC FOUNDATION | $17,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 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.
Explore Open Grants
Browse active grant opportunities in Virginia Credit Union Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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