Blue Eagle Credit Union FY2020 filing

Roanoke, VAUnknown exempt organizationSince 1948EIN 54-0585044Revenue $11.5M in FY2020

On file with the IRSblueeaglecreditunion.com2121 Electric Road · Roanoke, VA

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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.

$609K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.3M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$609K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$168.4M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.5M
Spent
$10.7M
Net assets
$17.4M
By yearFY2020–FY2025
Revenue
$11.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$11.5M
FY2021$12.6M
FY2022$14.0M
FY2023$16.6M
FY2024$19.2M
FY2025$20.7M
Expenses
$10.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$10.7M
FY2021$10.7M
FY2022$11.8M
FY2023$14.3M
FY2024$16.3M
FY2025$17.4M
Net assets
$17.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$17.4M
FY2021$20.1M
FY2022$21.5M
FY2023$23.9M
FY2024$28.1M
FY2025$32.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990; $609K paid to officers and key staff.

Part VII, Section A · reportable compensation
$255,542Pt VII · Sec A
$212,378Pt VII · Sec A
$141,354Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeffrey Thompson$488,949$417,248$389,167$341,544$307,567$255,542
Kevin Alfred$288,084$231,643$193,723$199,181$181,207$141,354
Diane Smith$244,715$207,509$162,225———
William Tawney————$112,673$212,378
Kristy Wiseman$171,771$156,885————
Jennifer Brady$163,191$145,494————
William a Reynolds———$119,072——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Blue Eagle Credit Union is a nonprofit organization based in Roanoke, VA, formed in 1948.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Blue eagle credit union provides financial services to its members such as savings accounts and loans.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$11.5M
Ln 12
Fees for servicesLn 2g$11.1M
Investment incomeLn 3$255K
Other incomeLn 4–11$133K
Money outPt IX
$10.7M
Ln 25
Owns and owesPt X
$17.4M
net assets · Ln 32
Cash and savingsLn 1–2$11.1M
Total assetsLn 16$185.7M
LiabilitiesLn 26$168.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11.1M
Investment incomeLn 3$255K
Other incomeLn 4–11$133K
Gains on assetsLn 7$18K
Total revenueLn 12$11.5M
Assets in detailPt X, end of year
CashLn 1$11.1M
Cash and savings togetherLn 1–2$11.1M
InvestmentsLn 11–13$23.7M
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$11.3M
Total assetsLn 16$185.7M
LiabilitiesLn 26$168.4M
Net assetsLn 32$17.4M
OperationsPt I, VI
EmployeesI 587
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.0M$11.1M
InvestmentsLn 11–13$21.9M$23.7M
Land, buildings, equipmentLn 10c$3.6M$4.1M
Total assetsLn 16$157.7M$185.7M
LiabilitiesLn 26$140.2M$168.4M
Net assetsLn 32$17.5M$17.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$628K
Other salaries and wagesLn 7$3.3M
Other employee benefitsLn 9$1.1M
Legal feesLn 11b$55K
Accounting feesLn 11c$4K
Other fees for servicesLn 11g$312K
OccupancyLn 16$223K
TravelLn 17$27K
Depreciation, depletion and amortizationLn 22$588K
Other expenses (24a–d)Ln 24$3.6M
All other expensesLn 24e$871K
Total functional expensesLn 25$10.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.7M$17.4M$3.4M$32.2M 990 PDF
FY2024 $19.2M$16.3M$2.9M$28.1M 990 PDF
FY2023 $16.6M$14.3M$2.3M$23.9M 990 PDF
FY2022 $14.0M$11.8M$2.2M$21.5M 990 PDF
FY2021 $12.6M$10.7M$1.9M$20.1M 990 PDF
FY2020 Viewing $11.5M$10.7M$817K$17.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $11,531,825 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $10,670,488$11,143,247
I-10 Investment incomePrior year $608,833$255,140
I-11 Other revenuePrior year $159,728$133,438
I-12 Total revenuePrior year $11,439,049$11,531,825
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,209,413$5,075,549
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,175,116$5,639,080
I-18 Total expensesPrior year $10,384,529$10,714,629
I-19 Revenue less expensesPrior year $1,054,520$817,196
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,531,825 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,143,247$11,143,247
VIII-3 Investment incomeRelated to mission $237,328$237,328
VIII-7 Net gain or loss on sales of assetsRelated to mission $17,812$17,812
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $113,930 · Unrelated business $19,508$133,438
VIII-12 Total revenueRelated to mission $11,512,317 · Unrelated business $19,508 · Excluded from tax $0$11,531,825
Part IX · Statement of functional expenses $10,714,629 across 11 lines filed
IX-6 Pay of disqualified persons$628,020
IX-7 Other salaries and wages$3,319,404
IX-9 Other employee benefits$1,128,125
IX-11b Legal fees$54,715
IX-11c Accounting fees$4,452
IX-11g Other fees for services$311,568
IX-16 Occupancy$223,061
IX-17 Travel$26,890
IX-22 Depreciation, depletion and amortization$588,232
IX-24 Other expenses (24a–d)$3,559,073
IX-24e All other expenses$871,089
IX-25 Total functional expenses$10,714,629
Part X · Balance sheet $185,748,201 assets, 13 lines filed
Asset lines not itemized here account for $129,862,636; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,034,979$11,131,982
X-4 Accounts receivableStart of year $2,781,021$5,576,008
X-9 Prepaid expenses and deferred chargesStart of year $210,169$94,195
X-10c Land, buildings and equipment, netStart of year $3,575,189$4,107,058
X-12 Other securitiesStart of year $21,906,449$23,659,569
X-15 Other assetsStart of year $9,922,040$11,316,753
X-16 Total assetsStart of year $157,729,603$185,748,201
X-17 Accounts payable and accrued expensesStart of year $1,663,524$1,313,663
X-19 Deferred revenueStart of year $206,204$151,953
X-25 Other liabilitiesStart of year $138,341,328$166,908,434
X-26 Total liabilitiesStart of year $140,211,056$168,374,050
X-32 Total net assets or fund balancesStart of year $17,518,547$17,374,151
X-33 Total liabilities and net assetsStart of year $157,729,603$185,748,201
Part XI · Reconciliation of net assets $17,374,151 net assets at year end
XI-1 Total revenue$11,531,825
XI-2 Total expenses$10,714,629
XI-3 Revenue less expenses$817,196
XI-4 Net assets at start of year$17,518,547
XI-9 Other changes in net assets−$961,592
XI-10 Net assets at end of year$17,374,151

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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