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The Credit Union Of Richmond Inc

  • Richmond, VA
  • EIN: 54-0357460

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$3.46M (2023)

Expenses
$3.53M (2023)

Total Assets
$65.8M (2023)

Total Liabilities
$54.8M (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,461,408
Expenses
$3,530,283
Net Income
-$68,875
Net Assets
$10,963,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,539,349
73.4%
Investment Income $957,424
27.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$35,365
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $147,585
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $730,724
20.7%
Assets/Debt
Total Assets $65,753,095
Total Liabilities $54,789,456
Net Assets $10,963,639
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Arthur Hart (President/Ceo) $78,622 $0 $2,748
Shirley Cooper (Past President) $71,563 $0 $0
Alvin Strother (Chairman) $3,525 $0 $0
Gary V Shelton Sr (Board Member) $2,925 $0 $0
Yvonne Baylor (Director) $2,925 $0 $0
Janice Mcmoore (Board Member) $2,325 $0 $0
Donald Hall (Board Member) $2,325 $0 $0
Brandize Carey Braxton (Board Member) $2,325 $0 $0
Elmer Sims (Board Member) $2,325 $0 $0
Sameatria Morton (Board Member) $2,325 $0 $0
Larry Lindsey (Board Member) $2,325 $0 $0
James Davidson (Director) $2,325 $0 $0
William W Lauterbach (Board Member) $2,125 $0 $0
Karen W Lipscomb (Board Member) $2,125 $0 $0
Betty T Strother (Board Member) $2,125 $0 $0
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Document Links

990
Filed on March 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,275,980
Expenses
$3,099,327
Net Income
$176,653
Net Assets
$10,870,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,898,145
88.5%
Investment Income $428,812
13.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$50,977
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $153,572
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $779,144
25.1%
Assets/Debt
Total Assets $69,624,312
Total Liabilities $58,753,635
Net Assets $10,870,677
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shirley Cooper (President/Ceo) $153,572 $0 $43,220
Alvin Strother (Chairman) $3,400 $0 $0
Yvonne Baylor (Director) $2,800 $0 $0
James Davidson (Director) $2,200 $0 $0
Janice Mcmoore (Board Member) $2,200 $0 $0
Donald Hall (Board Member) $2,200 $0 $0
Braxton Brandize (Board Member) $2,200 $0 $0
Elmer Sims (Board Member) $2,200 $0 $0
Sameatria Morton (Board Member) $2,200 $0 $0
Larry Lindsey (Board Member) $2,200 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,345,186
Expenses
$2,804,660
Net Income
$540,526
Net Assets
$11,744,971
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,264,965
97.6%
Investment Income $141,773
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$61,552
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $158,889
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $769,468
27.4%
Assets/Debt
Total Assets $72,244,114
Total Liabilities $60,499,143
Net Assets $11,744,971
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shirley Cooper (President/Ceo) $150,217 $0 $8,672
Alvin Strother (Chairman) $0 $0 $0
James Davidson (2 Nd Vice Chairman) $0 $0 $0
Yvonne Baylor (Sec/Treasurer) $0 $0 $0
Ricardo Mcmoore (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Braxton Brandize (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
Sameatria Morton (Board Member) $0 $0 $0
Larry Lindsey (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 22, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,387,543
Expenses
$3,450,841
Net Income
-$63,298
Net Assets
$11,361,439
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,275,765
96.7%
Investment Income $185,526
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$73,748
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $949,661
27.5%
Assets/Debt
Total Assets $72,383,123
Total Liabilities $61,021,684
Net Assets $11,361,439
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shirley Cooper (President/Ceo) $138,524 $0 $9,263
Alvin Strother (Chairman) $0 $0 $0
James Davidson (2 Nd Vice Chairman) $0 $0 $0
Yvonne Baylor (Sec/Treasurer) $0 $0 $0
Ricardo Mcmoore (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Braxton Brandize (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
Tanya Judon Winston (Board Member) $0 $0 $0
Larry Lindsey (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on July 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,122,751
Expenses
$4,001,400
Net Income
$121,351
Net Assets
$11,316,586
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,667,372
89.0%
Investment Income $462,930
11.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,551
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $977,868
24.4%
Assets/Debt
Total Assets $68,527,552
Total Liabilities $57,210,966
Net Assets $11,316,586
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Penny Wiilliams (Co Ceo) $118,269 $0 $12,067
Shirley Cooper (Co Ceo) $110,428 $0 $8,965
Alvin Strother (Chairman) $0 $0 $0
James Davidson (2 Nd Vice Chairman) $0 $0 $0
Yvonne Baylor (Sec/Treasurer) $0 $0 $0
Ricardo Mcmoore (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Braxton Brandize (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
Tanya Judon Winston (Board Member) $0 $0 $0
Larry Lindsey (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 23, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,891,448
Expenses
$3,638,263
Net Income
$253,185
Net Assets
$11,487,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,424,688
88.0%
Investment Income $466,760
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $235,368
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $752,665
20.7%
Assets/Debt
Total Assets $71,606,097
Total Liabilities $60,118,933
Net Assets $11,487,164
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Penny Williams (Co Ceo) $111,356 $0 $9,652
Shirley Cooper (Co Ceo) $107,468 $0 $6,891
Wayne Boothe (Board Member) $0 $0 $0
Alphonso Miles (Board Member) $0 $0 $0
Yvonne Baylor (Board Member) $0 $0 $0
James Davidson (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Alvin Strother (Board Member) $0 $0 $0
Gloria Shaw (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
Tanya Judon Winston (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,520,812
Expenses
$2,774,289
Net Income
$746,523
Net Assets
$11,101,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,104,739
88.2%
Investment Income $416,073
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $205,819
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $681,931
24.6%
Assets/Debt
Total Assets $74,382,540
Total Liabilities $63,281,175
Net Assets $11,101,365
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Penny Williams (Co Ceo) $97,386 $0 $7,615
Shirley Cooper (Co Ceo) $95,140 $0 $5,678
Wayne Boothe (Board Member) $0 $0 $0
Alphonso Miles (Board Member) $0 $0 $0
Yvonne Baylor (Board Member) $0 $0 $0
Geraldine Horne (Board Member) $0 $0 $0
James Davidson (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Alvin Strother (Board Member) $0 $0 $0
Gloria Shaw (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 9, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,561,211
Expenses
$3,273,136
Net Income
$288,075
Net Assets
$10,672,418
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,139,382
88.2%
Investment Income $421,829
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $195,463
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $602,640
18.4%
Assets/Debt
Total Assets $74,975,031
Total Liabilities $64,302,613
Net Assets $10,672,418
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Penny Williams (Coo) $93,923 $0 $5,413
Shirley Cooper (Co Ceo) $92,086 $0 $4,041
Wayne Boothe (Board Member) $0 $0 $0
Alphonso Miles (Board Member) $0 $0 $0
Yvonne Baylor (Board Member) $0 $0 $0
Geraldine Horne (Board Member) $0 $0 $0
James Davidson (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Alvin Strother (Board Member) $0 $0 $0
Gloria Shaw (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
Wayne Lauterbach (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 10, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,668,951
Expenses
$2,908,467
Net Income
$760,484
Net Assets
$10,563,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,302,718
90.0%
Investment Income $366,233
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $184,119
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $631,790
21.7%
Assets/Debt
Total Assets $77,474,645
Total Liabilities $66,911,472
Net Assets $10,563,173
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Penny Williams (Coo) $83,696 $0 $10,842
Shirley Cooper (Cfo) $80,366 $0 $9,215
Wayne Boothe (Board Member) $0 $0 $0
Alphonso Miles (Board Member) $0 $0 $0
Yvonne Baylor (Board Member) $0 $0 $0
Geraldine Horne (Board Member) $0 $0 $0
James Davidson (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Alvin Strother (Board Member) $0 $0 $0
Gloria Shaw (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on July 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,008,599
Expenses
$3,600,829
Net Income
$407,770
Net Assets
$9,597,383
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,654,155
91.2%
Investment Income $354,444
8.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,458
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $770,020
21.4%
Assets/Debt
Total Assets $77,852,648
Total Liabilities $68,255,265
Net Assets $9,597,383
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jackie Wilson (Presidentceo) $107,058 $0 $400
Wayne Lauterbach (Board Member) $0 $0 $0
Wayne Boothe (Board Member) $0 $0 $0
Alphonso Miles (Board Member) $0 $0 $0
Yvonne Baylor (Board Member) $0 $0 $0
Geraldine Horne (Board Member) $0 $0 $0
James Davidson (Board Member) $0 $0 $0
Donald Hall (Board Member) $0 $0 $0
Alvin Strother (Board Member) $0 $0 $0
Gloria Shaw (Board Member) $0 $0 $0
Elmer Sims (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on April 30, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,495,959
Expenses
$5,054,512
Net Income
-$558,553
Net Assets
$9,310,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,111,030
91.4%
Investment Income $384,929
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $104,662
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $775,684
15.3%
Assets/Debt
Total Assets $80,752,700
Total Liabilities $71,442,544
Net Assets $9,310,156

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,157,335
Expenses
$4,918,390
Net Income
$238,945
Net Assets
$10,283,125
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,623,659
89.7%
Investment Income $533,676
10.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $92,238
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $742,665
15.1%
Assets/Debt
Total Assets $83,179,783
Total Liabilities $72,896,658
Net Assets $10,283,125

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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