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Via Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350884006 ✦ Marion, IN ✦ Designated as a 501(c)(14)

Overview

What is Via Credit Union?

Via Credit Union is a member-owned financial institution based in Marion, Indiana, with the address 4505 S Adams St. They are committed to helping people achieve financial success, offering various savings accounts, including membership shares, secondary shares, Christmas Club accounts, Money Market accounts, and Premier Money Market Share accounts. They also provide Share Certificates with different terms. Via Credit Union prioritizes member service and maintains financial stability. Their profits are returned to members through lower loan rates, higher savings rates, and free or low-cost services.


Official website here: www.viacu.org

Is Via Credit Union legitimate?

Via Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Via Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,032,949
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,435,413

For more financial information, click here


Official website here: www.viacu.org

What is the mission statement of Via Credit Union?

Via Credit Union is dedicated to providing exceptional member service while ensuring financial stability. The credit union's profits are returned to its members through lower loan rates, higher savings rates, and complimentary services. Via Credit Union offers various savings accounts, including Membership Shares, Secondary Shares, Christmas Club Accounts, Money Market Accounts, and Premier Money Market Share Accounts, as well as Share Certificates with different terms. The credit union's primary objective is to help its members achieve financial success.


Official website here: www.viacu.org

Who is the CEO of Via Credit Union?

Cindy Kohlmorgen is the Principal Officer of Via Credit Union. The CEO's salary of Via Credit Union is $155,226 and their total compensation is $194,612.


Official website here: www.viacu.org

What is the revenue of Via Credit Union?

Via Credit Union's revenue in 2022 was $20,356,846.


Official website here: www.viacu.org

Who are the executives of Via Credit Union and what are their salaries?

The average compensation at Via Credit Union during 2022 was $41,743. There are 131 employees and 10 volunteers at Via Credit Union.

Here are 14 key members and their salaries (Via Credit Union's CEO's salary is $155,226 and their total compensation is $194,612):

    David Abernathy End 102022 (Ceo/Treasurer Of The Board) [Trustee/Director]
  • Compensation: $234,821
  • Related: $0
  • Other: $33,117

    • Cindy Kohlmorgen Beg 102022 (President/Ceo/Treasurer Of The) [Trustee/Director]
  • Compensation: $155,226
  • Related: $0
  • Other: $39,386

    • Lori Fiene (Chief Financial Officer)
  • Compensation: $117,648
  • Related: $0
  • Other: $29,938

    • Georgette Miller (Chief Consumer Loan Officer)
  • Compensation: $93,985
  • Related: $0
  • Other: $16,806

    • Debbie Parrie (Chief Operations Officer)
  • Compensation: $84,908
  • Related: $0
  • Other: $21,099

    • Michelle Peterson (Chief Marketing Officer)
  • Compensation: $75,935
  • Related: $0
  • Other: $29,442

    • Karen Mitchener (Chief Human Resources Officer)
  • Compensation: $90,472
  • Related: $0
  • Other: $10,166

    • Roger Roth (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Velasquez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clyde Thornell (Board President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deleane Soloman (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Maurer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Lightle (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Mitchener (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.viacu.org

    Where can I find the form 990 for Via Credit Union?

    The Via Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.viacu.org

    Learn more at the official website: www.viacu.org

    Mission Statement of Via Credit Union

    Via Credit Union, a people-driven financial institution, is dedicated to helping its members achieve financial success. The organization prioritizes member service while ensuring its own financial stability. By returning profits to its members, Via Credit Union offers lower loan rates, higher savings rates, and free or low-cost services.

    In practice, Via Credit Union provides various savings accounts to cater to different financial needs. These include membership shares, secondary shares which can be named differently for budgeting purposes, and Christmas club accounts. Additionally, the credit union offers Money Market and Premier Money Market Share Accounts, and various terms of Share Certificates. With these offerings, Via Credit Union empowers its members to save and manage their finances effectively.

    Impact

    This information is meant to be a general summary of Via Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Via Credit Union's impact is rooted in its mission of people helping people achieve financial success. By offering various savings accounts such as membership shares, secondary shares, money market accounts, and share certificates, Via Credit Union empowers its members to save, invest, and plan for their financial future. Additionally, the credit union's commitment to member service and financial stability allows it to return profits to its members through lower loan rates, higher savings rates, and free or low-cost services. In doing so, Via Credit Union plays a vital role in improving the financial well-being of individuals and communities in Marion, IN.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,654,321
  • Program Service Revenue: $18,702,525
  • Gross Receipts: $20,412,108

    • Assets and Liabilities:
  • Total Assets: $525,279,196
  • Total Liabilities: $465,652,756
  • Net Assets: $59,626,440
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $13,808,860

    SERVICE CHARGES AND FEES

    Revenue

    $2,079,579

    INTERCHANGE INCOME

    Revenue

    $1,735,475

    INSURANCE AND INVESTMENT PRODUCTS INCOME

    Revenue

    $451,764

    OTHER REVENUE

    Revenue

    $626,847

    Organization Details

    Founding Year

    1936

    Principal Officer

    Cindy Kohlmorgen

    Main Address

    4505 S ADAMS ST, MARION, IN, 46953

    NTEE Category

    Code: W61 - Public benefit

    If you are a representative of Via Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.