2023-07-11T06:25:07-07:00 2022-12-31 463893925 Walker Giroux & Hahne LLC 225 1st Street N Suite 2400 Virginia MN 55792 990 2022-01-01 410665606 VIRGINIA COOP CREDIT UNION VIRG 2187415644 811 4TH ST N VIRGINIA MN 55792 DONALD RAUSCH PRESIDENT/CEO 2023-07-11 true DONALD RAUSCH 999009999 true Ryan Jarvi P00724158 2187494880 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 811 4TH ST N VIRGINIA MN 55792 1678062 false X N/A X 1937 MN WE ARE A MEMBER OWNED COOPERATIVE CREDIT UNION WHICH PROVIDES QUALITY AND COMPETITIVE FINANCIAL PRODUCTS AND SERVICES TO SATISFY OUR MEMBERS FINANCIAL NEEDS. 6 5 9 8 0 0 1190868 1558859 196184 104803 14400 14400 1401452 1678062 0 4661 4862 501938 457948 0 0 706421 829094 1213020 1291904 188432 386158 39570819 41502102 36745057 38290182 2825762 3211920 X VIRGINIA COOP CREDIT UNION IS A MEMBER OWNED COOPERATIVE THAT PROVIDES SAFE, HIGH QUALITY PRODUCT LINES THAT SATISFY OUR MEMBERS FINANCIAL NEEDS WHILE PROMOTING FINANCIAL EDUCATION. false false 193239 SERVICING AND COLLECTIONS ON MEMBERS' HOME EQUITY LOANS, SECURED LOANS, UNSECURED LOANS, AND CREDIT CARDS. 22877 PROVISION FOR LOAN LOSSES - RESERVE FOR UNCOLLECTABLE LOAN AMOUNTS. INFORMATION TECHNOLOGY - RECORDED MEMBER TRANSACTION INFORMATION AND PROVIDED ACCESS TO FUNDS IN PERSON, VIA HOME BANKING, AND ATM MACHINES. 216116 false false false false false false false false false true true false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 5 0 true 9 true false false false false false false false false X 6 5 false false false false true true true true true false false false false true true true false false X DONALD RAUSCH 2187415644 811 4TH ST N VIRGINIA MN 55792 DONALD RAUSCH PRESIDENT/CEO 40.00 0.00 X 92249 0 0 NICOLE SQUIRES S. COMMITTEE 0.00 0.00 X 0 0 0 STEVEN BADANJAK BOARD MEMBER 1.00 0.00 X 0 0 0 MARK MADDEN S. COMMITTEE 1.00 0.00 X 0 0 0 ROBERT HENDERSON Chairman 1.00 0.00 X 0 0 0 MARK SNIDARICH VICE CHAIR 1.00 0.00 X 0 0 0 KAIJA GIROUX CHAIR - S. COMM 1.00 0.00 X 0 0 0 JAMES OBERSTAR BOARD MEMBER 1.00 0.00 X 0 0 0 ANTHONY MENART BOARD MEMBER 0.00 0.00 X 0 0 0 92249 0 false false false 0 0 FEE INCOME 50192 50192 INTEREST ON LOANS 1192997 1192997 OTHER 78893 78893 SHARE DRAFT INCOME 35076 35076 VISA CARD INCOME 196868 196868 4833 4833 1558859 104803 104803 0 0 14400 14400 14400 14400 0 0 0 0 0 1678062 1573259 104803 X 0 0 0 4862 4862 92249 73799 18450 0 285610 228488 57122 0 50354 40283 10071 29735 23788 5947 0 23298 11649 11649 22944 11486 11458 0 0 0 0 19474 19474 61008 45756 15252 0 0 0 8941 8941 0 9970 9970 0 0 69711 55769 13942 0 LOAN SERVICING EXPENSES 193239 193239 DEBIT CARD EXPENSES 129348 129348 DATA PROCESSING 86874 86874 SERVICE CHARGES 34565 34565 169722 144998 24724 1291904 1104378 187526 0 258559 400350 10496525 5392429 0 0 0 0 20078532 26774470 0 186518 327928 1858969 602664 1349758 1256305 0 6770000 6865000 0 0 430927 485620 39570819 41502102 188960 91785 36556097 38198397 36745057 38290182 X 393250 393250 2432512 2818670 2825762 3211920 39570819 41502102 386158 X false false false 166092 166092 877945 143847 734098 229304 71129 158175 569611 387688 181923 16017 16017 1256305 6865000 MEMBER SHARES 38198397 38198397 MARK SNIDARICH BOARD MEMBER MORTGAGE X 71000 70481 false true true ROBERT HENDERSON VICE CHAIR UNSECURED X 6500 1197 false true true ROBERT HENDERSON BOARD MEMBE AUTO X 34626 16565 false true true ROBERT HENDERSON BOARD MEMBE MORTGAGE X 120000 85485 false true true JAMES OBERSTAR BOARD MEMBE AUTO X 35000 33032 false true true JAMES OBERSTAR BOARD MEMBE AUTO X 6500 5463 false true true MARK MADDEN S COMMITTEE AUTO X 19083 8393 false true true MARK MADDEN S COMMITTEE HOME X 48136 15557 false true true STEVE BADANJAK BOARD MEMBE AUTO X 20893 16510 false true true MARK SNIDARICH BOARD MEMBE AUTO X 17450 12092 false true true DONALD RAUSCH CEO AUTO X 23000 22879 false true true MARK MADDEN S COMMITTEE MORTGAGE X 297722 290877 false true true ANTHONY MENART BOARD MEMBE AUTO X 45000 6384 false true true ROBERT HENDERSON BOARD MEMBE HOME EQ LOC X 10000 8986 false true true BRANDI OLLILA OP MANAGER AUTO X 20000 19653 false true true ASHLEY FISH LOAN OFF AUTO X 35000 32738 false true true DONALD RAUSCH CEO HOME IMP X 9000 6810 false true true DONALD RAUSCH CEO AUTO X 23000 22502 false true true DONALD RAUSCH CEO MORTGAGE X 60000 52818 false true true NICOLE SQUIRES S COMMITTEE AUTO X 20000 14251 false true true NICOLE SQUIRES S COMMITTEE AUTO X 10000 8401 false true true NICOLE SQUIRES S COMMITTEE MORTGAGE X 90000 72946 false true true STEVEN BADANJAK BOARD MEMBE BOAT X 4500 4082 false true true 828102 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: DIVIDENDS WERE PAID OUT TO MEMBERS. OTHER PROGRAM SERVICES 5: SERVICING MEMBERS DEPOSITS, LOANS, AND MEMBER ACCOUNTS. Form 990, Part VI, Section A, Line 6 MEMBERSHIP AT VIRIGINA COOP CREDIT UNION IS COMPRISED OF PERSONS WHO OWN A SHARE IN ANY VIRGINIA, MN BASED COOPERATIVE. Form 990, Part VI, Section A, Line 7a BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. EACH MEMBER HAS ONE VOTE. Form 990, Part VI, Section A, Line 7b THE BYLAWS MAY BE AMENDED BY A VOTE OF THE MEMBERS USING PROCESSES SET FORTH IN THE BYLAWS OR THE BOARD MAY AMEND THE BYLAWS BY TWO-THIRDS VOTE AND REPORT THE AMENDMENTS AT THE NEXT ANNUAL MEETING. Form 990, Part VI, Section B, Line 11b THE CEO REVIEWED A DRAFT OF THE 990 BEFORE IT WAS FILED. Form 990, Part VI, Section B, Line 15a ANALYSIS WAS DONE BY COMPARING SALARIES OF OTHER LOCAL CREDIT UNIONS OF COMPARABLE SIZE AND SCOPE. APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS ARE POSTED IN OUR LOBBY. OTHER POLICIES AND DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REASONABLE REQUESTS. Form 990, Part IX, Line 24e ASSOCIATION DUES: Column (A) - Total = $12618; Column (B) - Program Services = $0; Column (C) - Management & General = $12618; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e BOND & INSURANCE: Column (A) - Total = $18274; Column (B) - Program Services = $18274; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e GIVE AWAYS: Column (A) - Total = $2550; Column (B) - Program Services = $2550; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e MAINTENANCE: Column (A) - Total = $20561; Column (B) - Program Services = $20561; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e OUTSIDE SERVICES: Column (A) - Total = $2940; Column (B) - Program Services = $0; Column (C) - Management & General = $2940; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Postage and Shipping: Column (A) - Total = $18186; Column (B) - Program Services = $13640; Column (C) - Management & General = $4546; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e Printing and Publications: Column (A) - Total = $18532; Column (B) - Program Services = $18532; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROVISION FOR LOAN LOSSES: Column (A) - Total = $22877; Column (B) - Program Services = $22877; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e REAL ESTATE TAXES: Column (A) - Total = $21666; Column (B) - Program Services = $21666; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SHARE DRAFT EXPENSE: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e STATE EXAM FEES: Column (A) - Total = $5400; Column (B) - Program Services = $5400; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SUBSCRIPTIONS: Column (A) - Total = $4620; Column (B) - Program Services = $0; Column (C) - Management & General = $4620; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e TELEPHONE: Column (A) - Total = $11882; Column (B) - Program Services = $11882; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e UTILITIES: Column (A) - Total = $9616; Column (B) - Program Services = $9616; Column (C) - Management & General = $0; Column (D) - Fundraising = $0