BLUE EAGLE CREDIT UNION

Address
2121 ELECTRIC ROAD
ROANOKE, VA 24018
Contact
Website: http://www.blueeaglecreditunion.com
Phone: +1 (540) 342-3429
Nonprofit
EIN: 54-0585044
Year formed: 1948

Mission

BLUE EAGLE CREDIT UNION HAS BEEN COMMITTED TO SERVING ITS MEMBERS AND THEIR FAMILIES IN GETTING AHEAD FINANCIALLY SINCE 1948. BLUE EAGLE CREDIT UNION IS PASSIONATE ABOUT MATCHING ITS MEMBERS WITH THE RIGHT SOLUTIONS THAT PRESENT OPPORTUNITY FOR LONG-TERM FINANCIAL SECURITY.
 2017201620152014
Basic features of the organization
Year of formation1948
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$326,908.00$599,585.00$507,407.00$494,294.00
Sum of reportable (W2/1099) compensation$317,090.00$582,182.00$494,039.00$481,440.00
Number of employees86665242
Number of people compensated >$100k2333
Number of volunteers16181823
Number of highly compensated contractors0000
Personnel
Booth, William
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personWILLIAM BOOTHWILLIAM BOOTHWILLIAM BOOTHWILLIAM BOOTH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Caudill, Catherine
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personCATHERINE CAUDILLCATHERINE CAUDILLCATHERINE CAUDILLCATHERINE CAUDILL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Demars, Cliff
TitleDIRECTORDIRECTOR  
Name of key/compensated personCLIFF DEMARSCLIFF DEMARS  
Position of compensated person
Current individual trustee or directorTrueTrue  
Average hours per week working for org0.500.50  
Reportable compensation from org$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
English, Paul
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personPAUL ENGLISHPAUL ENGLISHPAUL ENGLISHPAUL ENGLISH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Giles, Bonnie
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personBONNIE GILESBONNIE GILESBONNIE GILESBONNIE GILES
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Gray, Janice
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJANICE GRAYJANICE GRAYJANICE GRAYJANICE GRAY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Hartsel, Robert
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personROBERT HARTSELROBERT HARTSELROBERT HARTSELROBERT HARTSEL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Maynard, Chris
Title COOCOOCOO
Name of key/compensated person CHRIS MAYNARDCHRIS MAYNARDCHRIS MAYNARD
Position of compensated person
Average hours per week working for org 40.0040.0040.00
Reportable compensation from org $179,437.00$149,016.00$141,401.00
Other comp, non-reportable, from org and related orgs $5,358.00$3,053.00$2,687.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00
Smoot, Richard
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRICHARD SMOOTRICHARD SMOOTRICHARD SMOOTRICHARD SMOOT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Tawney, William
TitleCFOCFOCFOCFO
Name of key/compensated personWILLIAM TAWNEYWILLIAM TAWNEYWILLIAM TAWNEYWILLIAM TAWNEY
Position of compensated person
Average hours per week working for org40.0040.0040.0040.00
Reportable compensation from org$133,550.00$175,260.00$145,764.00$141,019.00
Other comp, non-reportable, from org and related orgs$3,976.00$5,242.00$4,358.00$4,217.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Thompson, Jeffrey
TitleCEOCEOCEOCEO
Name of key/compensated personJEFFREY THOMPSONJEFFREY THOMPSONJEFFREY THOMPSONJEFFREY THOMPSON
Position of compensated person
Average hours per week working for org40.0040.0040.0040.00
Reportable compensation from org$183,540.00$227,485.00$199,259.00$199,020.00
Other comp, non-reportable, from org and related orgs$5,842.00$6,803.00$5,957.00$5,950.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Wells, Susan
Title  DIRECTORDIRECTOR
Name of key/compensated person  SUSAN WELLSSUSAN WELLS
Position of compensated person
Current individual trustee or director  TrueTrue
Average hours per week working for org  0.500.50
Reportable compensation from org  $0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00
Yeagley, Charlene
TitleDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personCHARLENE YEAGLEYCHARLENE YEAGLEYCHARLENE YEAGLEYCHARLENE YEAGLEY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities'DELIVERING SOLUTIONS''DELIVERING SOLUTIONS''DELIVERING SOLUTIONS''DELIVERING SOLUTIONS'
Program service expenses, total$9,185,926.00$8,029,502.00$6,629,717.00$5,810,922.00
Programs, including revenue & expenses
BLUE EAGLE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS SUCH AS SAVINGS ACCOUNTS AND LOANS.
Program expenses$9,185,926.00$8,029,502.00$6,629,717.00$5,810,922.00
Program revenue$9,604,180.00$8,639,078.00$7,691,185.00$7,013,441.00
Program descriptionBLUE EAGLE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS SUCH AS SAVINGS ACCOUNTS AND LOANS.BLUE EAGLE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS SUCH AS SAVINGS ACCOUNTS AND LOANS.BLUE EAGLE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS SUCH AS SAVINGS ACCOUNTS AND LOANS.BLUE EAGLE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS SUCH AS SAVINGS ACCOUNTS AND LOANS.
Financial data
Revenue
Total revenue$9,666,616.00$8,738,561.00$7,785,102.00$7,110,412.00
Investment income, current yr$405,454.00$334,303.00$317,760.00$279,324.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00
Total unrelated business revenue$62,436.00$99,483.00$93,917.00$96,971.00
Other revenue, current yr$191,557.00$217,232.00$206,681.00$220,678.00
Net unrelated business taxable revenue$28,301.00$47,691.00$47,680.00$52,704.00
Program service revenue (total)$9,069,605.00$8,187,026.00$7,260,661.00$6,610,410.00
Gross receipts$9,676,201.00$8,738,561.00$7,785,102.00$7,110,412.00
Other types of revenue
Miscellaneous revenue (total)$191,557.00$217,232.00$206,681.00$220,678.00
Income from dividends, interest, and similar investments$398,089.00$328,802.00$317,760.00$279,324.00
Expense categories (totals)
Total functional expenses: sum of all$9,185,926.00$8,029,503.00$6,629,717.00$5,810,922.00
Fees for services
Legal fees (total)$47,116.00$22,313.00$1,593.00$1,143.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$151,353,793.00$145,860,419.00$137,909,873.00$128,543,272.00
Total assets, beginning of year$145,860,419.00$137,909,873.00$128,543,272.00$121,951,176.00
Total liabilities$134,873,557.00$129,362,196.00$121,566,021.00$113,510,128.00
Total liabilities, beginning of year$129,362,196.00$121,566,021.00$113,510,128.00$107,421,423.00
Net assets$16,480,236.00$16,498,223.00$16,343,852.00$15,033,144.00
Net assets, beginning of year$16,498,223.00$16,343,852.00$15,033,144.00$14,529,753.00
Other liabilities$133,666,152.00$128,227,953.00$120,339,283.00$112,508,584.00
Other assets$10,763,535.00$7,560,818.00$8,195,106.00$8,095,503.00
Investments: other securities$28,646,306.00$32,343,588.00$31,043,473.00$34,784,359.00
Cash: non-interest bearing$2,218,214.00$1,600,120.00$3,829,274.00$1,613,678.00
Cash: non-interest bearing, beginning of year$1,600,120.00$3,829,274.00$1,613,678.00$1,689,291.00
Other financial variables
Revenue less expenses$480,690.00$709,058.00$1,155,385.00$1,299,490.00
Accounts receivable, net$2,026,509.00$2,215,841.00$1,400,220.00$1,917,254.00
Prepaid expenses & deferred charges$231,263.00$199,156.00$172,073.00$193,986.00
Accounts payable & accrued expenses$1,185,305.00$1,049,856.00$1,189,098.00$979,565.00
Deferred revenue$22,100.00$84,387.00$37,640.00$21,979.00
Total net assets or fund balances$16,480,236.00$16,498,223.00$16,343,852.00$15,033,144.00
Depreciation, depletion, amortization$456,459.00$365,939.00$263,917.00$158,590.00
Governance and accountability
Number of voting members9999
Number of independent voting members9999
Relationships among key personnelTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990
Reason for form submission
Address changeTrue   
Date e-filing submitted2018-09-202017-11-212016-09-292015-08-13
IRS schema version2017v2.22016v3.02015v2.12014v5.0
Filing identifier201821359349301032201711289349301601201611349349303666201541359349306679
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