Sep, 30, 2025 — VIRGINIA EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in NEWPORT NEWS, VA with 2 branch locations and about $74.81 million in total assets. Opened 72 years ago in 1954, VIRGINIA EDUCATORS CREDIT UNION has about 3,761 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VIRGINIA EDUCATORS CREDIT UNION |
|---|---|
| Address: (Main Office) | 12626 Nettles Dr NEWPORT NEWS, VA 23606 |
| Phone: | (757) 930-2425 |
| Fax: | (757) 930-1108 |
| Website: | https://www.vecu.org |
| Branches: | 2 branch locations |
| Members: | 3,761 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66700 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,812,358 |
| CEO/Manager: | Sharon G Conti |
| Chairperson: | Anne Edison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,915,695 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,460,305 |
| Unsecured Loans | 1,854,066 |
| Other Loans | 2,531,268 |
| TOTAL LOANS | 7,845,639 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,021 |
| Land And Building | 557,939 |
| Other Fixed Assets | 155,495 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 563,766 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,812,358 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,046 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 395,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,301,891 |
| Regular shares | 34,185,384 |
| All Other Shares & Deposits | 2,724,253 |
| TOTAL SHARES & DEPOSITS | 57,211,528 |
| TOTAL LIABILITIES | 57,623,574 |
| Regular Reserve | 0 |
| Other Reserves | 812,940 |
| Undivided Earnings | 16,375,844 |
| TOTAL EQUITY | 17,188,784 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,812,358 |
| INCOME & EXPENSE | |
| Loan Income | 391,953 |
| Investment Income | 2,012,557 |
| Other Income | 65,720 |
| Total Employee Compensation & Benefits | 328,047 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 792,944 |
| Non-operating Income & (Expense) | -6,908 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,869 |
| Cost of Funds | 34,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,508,836 |
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