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Nonprofit · EIN 41-0665606

VIRGINIA COOP CREDIT UNION

Tax-exempt · VIRGINIA, MN 55792

Financials

$1.9M$1.7M2023$2.3M$1.6M2024$2.3M$1.6M2025
Revenue Expenses · by fiscal year end
Financials of VIRGINIA COOP CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,302,461$1,631,050$671,411$43,083,408$38,363,429$4,719,979
December 31, 2024990$2,250,952$1,629,111$621,841$40,646,048$36,597,480$4,048,568
December 31, 2023990$1,943,862$1,729,055$214,807$40,681,303$37,254,576$3,426,727
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,774,865
Investment income
$510,196
Net rental income
$17,400
Other revenue
$17,400

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$50,890
Compensation of officers, directors and key employees
$182,571
Other salaries and wages
$283,776
Salaries, compensation and benefits (total)
$586,813
Professional fundraising fees
$0
Accounting fees
$70,446
Travel
$7,798
Depreciation
$95,334
Program services (functional)
$1,398,884
Management and general (functional)
$232,166

Balance sheet and other

Total assets, start of year
$40,646,048
Total assets, end of year
$43,083,408
Total liabilities, end of year
$38,363,429
Net assets, end of year
$4,719,979
Land, buildings and equipment
$1,141,060
Gross receipts
$2,302,461
Employees
11
Volunteers
8
Year formed
1937
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
DONALD RAUSCHPRESIDENT/CEO
Officer
40$110,572
ASHLEY FISHVice President
Officer
0$72,000
DANIEL PELISKAPresident
Trustee or director
0$0
STEVEN BADANJAKBOARD MEMBER
Trustee or director
1$0
MARK MADDENS. COMMITTEE
Trustee or director
1$0
ROBERT HENDERSONChairman
Trustee or director
1$0
MARK SNIDARICHVICE CHAIR
Trustee or director
1$0
KAIJA GIROUXCHAIR - S. COMM
Trustee or director
1$0
JAMES OBERSTARBOARD MEMBER
Trustee or director
1$0
ANTHONY MENARTBOARD MEMBER
Trustee or director
0$0
CONSTANCE GUNDERSONBOARD MEMBER
Trustee or director
0$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
DONALD RAUSCHPRESIDENT/CEO
Officer
40$115,101
ASHLEY FISHVice President
Officer
0$73,000
DONALD PELISKAPresident
Trustee or director
0$0
STEVEN BADANJAKBOARD MEMBER
Trustee or director
1$0
MARK MADDENS. COMMITTEE
Trustee or director
1$0
ROBERT HENDERSONChairman
Trustee or director
1$0
MARK SNIDARICHVICE CHAIR
Trustee or director
1$0
KAIJA GIROUXCHAIR - S. COMM
Trustee or director
1$0
JAMES OBERSTARBOARD MEMBER
Trustee or director
1$0
ANTHONY MENARTBOARD MEMBER
Trustee or director
0$0
CONSTANCE GUNDERSONS COMMITTEE
Trustee or director
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
DONALD RAUSCHPRESIDENT/CEO
Officer
40$104,867
NICOLE SQUIRESS. COMMITTEE
Trustee or director
0$0
STEVEN BADANJAKBOARD MEMBER
Trustee or director
1$0
MARK MADDENS. COMMITTEE
Trustee or director
1$0
ROBERT HENDERSONChairman
Trustee or director
1$0
MARK SNIDARICHVICE CHAIR
Trustee or director
1$0
KAIJA GIROUXCHAIR - S. COMM
Trustee or director
1$0
JAMES OBERSTARBOARD MEMBER
Trustee or director
1$0
ANTHONY MENARTBOARD MEMBER
Trustee or director
0$0

Address and contacts

Address (IRS master file)
811 4TH ST N, VIRGINIA, MN 55792-2421
Signed the 990
DONALD RAUSCH, PRESIDENT/CEO
Phone
(218) 741-5644
Return prepared by
Walker Giroux & Hahne LLC

Mission

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.

990 for the year ended December 31, 2025

Program accomplishments

  • SERVICING AND COLLECTIONS ON MEMBERS' HOME EQUITY LOANS, SECURED LOANS, UNSECURED LOANS, AND CREDIT CARDS.
    Expenses $157,026
  • PROVISION FOR LOAN LOSSES - RESERVE FOR UNCOLLECTABLE LOAN AMOUNTS.
    Expenses $50,890
  • INFORMATION TECHNOLOGY - RECORDED MEMBER TRANSACTION INFORMATION AND PROVIDED ACCESS TO FUNDS IN PERSON, VIA HOME BANKING, AND ATM MACHINES.
  • DIVIDENDS WERE PAID OUT TO MEMBERS.
  • SERVICING MEMBERS DEPOSITS, LOANS, AND MEMBER ACCOUNTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0665606
Tax-exempt status
501(c)(14): State-chartered credit union
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$43,083,408
Income (IRS master file)
$2,302,461

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,302,461$1,631,050$43,083,408IRS
990December 2024$2,250,952$1,629,111$40,646,048IRS
990December 2023$1,943,862$1,729,055$40,681,303XML
990December 2022$1,678,062$1,291,904$41,502,102IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0665606).

Questions about VIRGINIA COOP CREDIT UNION

What is the EIN of VIRGINIA COOP CREDIT UNION?
The employer identification number (EIN) of VIRGINIA COOP CREDIT UNION is 41-0665606.
Is VIRGINIA COOP CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
Which annual return does VIRGINIA COOP CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VIRGINIA COOP CREDIT UNION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VIRGINIA COOP CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of VIRGINIA COOP CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $110,572 (DONALD RAUSCH, PRESIDENT/CEO).
How much revenue does VIRGINIA COOP CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,302,461, expenses of $1,631,050 and total assets of $43,083,408 at year end.

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