Ih Mississippi Valley Credit Union

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

EIN: 362523206 ✦ Moline, IL ✦ Designated as a 501(c)(14)

Overview

What is Ih Mississippi Valley Credit Union?

Ih Mississippi Valley Credit Union is a financial institution located at 2500 River Drive, Moline, Illinois (IL), with a ZIP code of 61265. Established to serve over 143,609 members, this nonprofit organization offers a wide range of consumer, mortgage, and business loans, as well as deposit services. With a workforce of 558 employees, the credit union's mission is to provide essential financial solutions to its members, enabling them to meet their various financial needs.


Official website here: www.ihmvcu.org

Is Ih Mississippi Valley Credit Union legitimate?

Ih Mississippi Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ih Mississippi Valley 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: $6,784,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,130,477

For more financial information, click here


Official website here: www.ihmvcu.org

What is the mission statement of Ih Mississippi Valley Credit Union?

Ih Mississippi Valley Credit Union is dedicated to extending consumer, mortgage, and business loans, as well as deposit services, to a large membership base of over 143,609 individuals. The credit union's primary objective is to provide substantial financing opportunities to its members, catering to their diverse financial requirements. By offering a broad range of loans, the credit union empowers its members to meet their financial goals and invest in their personal and business ventures. Additionally, it ensures the security of their funds through deposit services.


Official website here: www.ihmvcu.org

Who is the CEO of Ih Mississippi Valley Credit Union?

Allan Hosack is the Chief Financial Officer of Ih Mississippi Valley Credit Union. The CEO's salary of Ih Mississippi Valley Credit Union is $695,448 and their total compensation is $734,693.


Official website here: www.ihmvcu.org

What is the revenue of Ih Mississippi Valley Credit Union?

Ih Mississippi Valley Credit Union's revenue in 2022 was $111,927,596.


Official website here: www.ihmvcu.org

Who are the executives of Ih Mississippi Valley Credit Union and what are their salaries?

The average compensation at Ih Mississippi Valley Credit Union during 2022 was $53,611. There are 558 employees and 12 volunteers at Ih Mississippi Valley Credit Union.

Here are 39 key members and their salaries (Ih Mississippi Valley Credit Union's CEO's salary is $695,448 and their total compensation is $734,693):

    Brian Laufenberg (President / Ceo)
  • Compensation: $695,448
  • Related: $0
  • Other: $39,245

    • Ann Mcmillian (Chief Operating Officer)
  • Compensation: $410,502
  • Related: $0
  • Other: $39,319

    • Allan Hosack (Chief Financial Officer)
  • Compensation: $406,307
  • Related: $0
  • Other: $39,319

    • Lisa Olson (Chief Risk Management Officer)
  • Compensation: $403,435
  • Related: $0
  • Other: $39,319

    • Robert Roseman (Vp Indirect Business Development)
  • Compensation: $370,363
  • Related: $0
  • Other: $28,008

    • James Garman (Mortgage Loan Originator (Part-Year))
  • Compensation: $358,948
  • Related: $0
  • Other: $32,556

    • Matt Jefferson (Chief Digital Officer (Part-Year))
  • Compensation: $357,051
  • Related: $0
  • Other: $23,022

    • Robert Blazejewski (Financial Consultant)
  • Compensation: $242,010
  • Related: $0
  • Other: $30,922

    • Julie Stickney (Chief Resource Officer)
  • Compensation: $231,256
  • Related: $0
  • Other: $30,887

    • Lindsey Ramos (Sv,P Member Experience)
  • Compensation: $228,282
  • Related: $0
  • Other: $29,229

    • Ajay Singh (Svp, Lending)
  • Compensation: $229,312
  • Related: $0
  • Other: $26,029

    • Andrew Grothe (Svp Wealth Mgmt And Investment Services)
  • Compensation: $222,500
  • Related: $0
  • Other: $30,831

    • James Legare (Vp Commerical & Mortgage Credit (Part-Year))
  • Compensation: $235,660
  • Related: $0
  • Other: $11,587

    • Danielle Sons (Svp, Finance)
  • Compensation: $208,129
  • Related: $0
  • Other: $30,457

    • Chad Ervin (Vp Commercial Lending Dept)
  • Compensation: $199,505
  • Related: $0
  • Other: $27,971

    • Benjamin Abbott (Svp, Payments, Technology And Lending Operation)
  • Compensation: $194,531
  • Related: $0
  • Other: $29,694

    • Rich Dussliere (Vp Information Security)
  • Compensation: $191,390
  • Related: $0
  • Other: $29,207

    • Chad Mansfield (Mortgage Loan Originator)
  • Compensation: $188,690
  • Related: $0
  • Other: $29,406

    • Kevin Duncalf (Vp Of Business Development)
  • Compensation: $203,554
  • Related: $0
  • Other: $13,835

    • Curt Jourdan (Svp, Technology And Data Strategy)
  • Compensation: $189,960
  • Related: $0
  • Other: $24,354

    • Ron Gauvin (Vp Of Strategic Initiatives)
  • Compensation: $188,758
  • Related: $0
  • Other: $19,475

    • Amy Bytnar (Vp Pmo)
  • Compensation: $189,567
  • Related: $0
  • Other: $13,129

    • Justin Johnson (Vp Commercial Lender)
  • Compensation: $170,900
  • Related: $0
  • Other: $26,704

    • Curtis Johnston (Vp Of Mortgage)
  • Compensation: $168,305
  • Related: $0
  • Other: $27,624

    • Darlene Reed (Vp Treasurer)
  • Compensation: $162,935
  • Related: $0
  • Other: $31,889

    • Mayra De Catalan (Vp Analytics (Part-Year))
  • Compensation: $182,042
  • Related: $0
  • Other: $8,760

    • Stephen Tracy (Manager, Application Development (Termed 01/03/202)
  • Compensation: $160,918
  • Related: $0
  • Other: $16,594

    • Kristen Doonan (Vp Risk Management)
  • Compensation: $156,687
  • Related: $0
  • Other: $10,909

    • Laura Burkholder (Vp Of Credit Risk (Part-Year))
  • Compensation: $154,867
  • Related: $0
  • Other: $0

    • Sam Kupresin (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Terronez (Board Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Carr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Mendanhall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Chip Irwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Megan Early (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Wiemers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Considine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristin Berry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Pepper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ihmvcu.org

    Where can I find the form 990 for Ih Mississippi Valley Credit Union?

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


    Official website here: www.ihmvcu.org

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

    Mission Statement of Ih Mississippi Valley Credit Union

    Ih Mississippi Valley Credit Union, a significant financial institution, dedicates itself to providing consumer, mortgage, and business loans, as well as deposit services to over 143,609 members. The credit union's mission is geared towards empowering its extensive membership base, offering them access to essential financial resources to improve their economic situations. By extending considerable consumer, business, and real estate loans, Ih Mississippi Valley Credit Union plays a vital role in helping individuals and businesses achieve their financial goals. This nonprofit organization prides itself on being a trusted financial partner, committed to enhancing the financial well-being of its members.

    Impact

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




    Thursday, August 15, 2024

    Ih Mississippi Valley Credit Union provides considerable consumer, business, and real estate loans to over 143,609 members in Moline, IL. Their impact includes facilitating access to financial services for individuals and businesses in the community, helping them achieve their financial goals and contribute to the local economy. Through their services, Ih Mississippi Valley Credit Union plays a vital role in supporting the financial well-being and growth of their members, ultimately contributing to the overall economic development of the region.





    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: $5,567,506
  • Program Service Revenue: $106,364,308
  • Gross Receipts: $254,390,734

    • Assets and Liabilities:
  • Total Assets: $2,035,628,610
  • Total Liabilities: $1,871,475,711
  • Net Assets: $164,152,899
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $74,268,653

    FEE INCOME

    Revenue

    $31,488,252

    INSURANCE COMMISSIONS

    Revenue

    $677,981

    ATM SURCHARGE FEES

    Revenue

    $222,515

    WARRANTY FEES

    Revenue

    $62,000

    Organization Details

    Founding Year

    1934

    Principal Officer

    Allan Hosack

    Main Address

    2500 RIVER DRIVE, MOLINE, IL, 61265

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Ih Mississippi Valley 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.