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Vibrant Credit Union

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

EIN: 366068452 ✦ Moline, IL ✦ Designated as a 501(c)(14)

Overview

What is Vibrant Credit Union?

Vibrant Credit Union is a financial institution based in Moline, Illinois, with a total workforce of 302 employees. They are dedicated to enhancing the economic well-being and quality of life for their members by offering considerable loans. The credit union had 17,833 consumer and mortgage loans outstanding, as mentioned in the provided information. By working together, they aim to provide excellent service and improve their members' overall living conditions.


Official website here: www.vibrantcreditunion.org

Is Vibrant Credit Union legitimate?

Vibrant Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Vibrant 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: $1,149,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,311,751

For more financial information, click here


Official website here: www.vibrantcreditunion.org

What is the mission statement of Vibrant Credit Union?

Vibrant Credit Union is dedicated to enhancing the economic well-being and improving the quality of life for all its members. This commitment is realized through delivering excellent service. The credit union's mission is to provide substantial loan options for its members, as evidenced by the 17,833 consumer and mortgage loans currently outstanding. By offering these financial services, Vibrant Credit Union aims to make a positive impact on the lives of its members.


Official website here: www.vibrantcreditunion.org

Who is the CEO of Vibrant Credit Union?

Matthew Mccombs is the President/Ceo of Vibrant Credit Union. The CEO's salary of Vibrant Credit Union is $502,042 and their total compensation is $561,607.


Official website here: www.vibrantcreditunion.org

What is the revenue of Vibrant Credit Union?

Vibrant Credit Union's revenue in 2022 was $47,909,169.


Official website here: www.vibrantcreditunion.org

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

The average compensation at Vibrant Credit Union during 2022 was $47,886. There are 302 employees and 8 volunteers at Vibrant Credit Union.

Here are 19 key members and their salaries (Vibrant Credit Union's CEO's salary is $502,042 and their total compensation is $561,607):

    Matthew Mccombs (President/Ceo) [Trustee/Director]
  • Compensation: $502,042
  • Related: $0
  • Other: $59,565

    • Peter Nohelty (Chief Technology Officer)
  • Compensation: $235,020
  • Related: $0
  • Other: $34,338

    • Megan Anderson (Chief Operations Officer)
  • Compensation: $219,259
  • Related: $0
  • Other: $41,795

    • Monte Bennett (General Manager)
  • Compensation: $182,306
  • Related: $0
  • Other: $19,946

    • Cale Vangenderen (Svp Loan Programs)
  • Compensation: $160,340
  • Related: $0
  • Other: $38,191

    • Ashlee Cooper (Svp Of Sales Service)
  • Compensation: $156,923
  • Related: $0
  • Other: $31,281

    • Jennifer Bowe (Svp It & Development)
  • Compensation: $173,151
  • Related: $0
  • Other: $5,742

    • Allison Cook (Svp Program Management)
  • Compensation: $141,280
  • Related: $0
  • Other: $29,265

    • Kevin Peterson (Chief Financial Officer)
  • Compensation: $51,530
  • Related: $0
  • Other: $6,155

    • Terry Brahm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Cooper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Michael Pease (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brent Peterson (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Bob Swift (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Tarpein (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Wolfe (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Verheecke (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vibrantcreditunion.org

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

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


    Official website here: www.vibrantcreditunion.org

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

    Mission Statement of Vibrant Credit Union

    Vibrant Credit Union, a financial institution dedicated to making a difference, strives to enhance the economic well-being and overall quality of life for all its members through exceptional service. This mission is geared towards creating a positive impact on the lives of every individual who is a part of this cooperative.

    The Credit Union goes beyond offering financial products, focusing on building strong relationships with its members. By providing considerable loans to those in need, Vibrant Credit Union aims to contribute significantly to improving the financial situation of each household. With a remarkable total of 17,833 consumer and mortgage loans outstanding, the organization has proven its commitment to helping its members access the necessary funds for various life circumstances.

    In summary, Vibrant Credit Union is more than just a financial institution. It is a community of individuals working together to empower each other and create a better future. Through its excellent service and significant loan offerings, the Credit Union strives to make a positive difference in the lives of its members, ensuring they have the financial resources they need to thrive.

    Impact

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




    Thursday, August 15, 2024

    Vibrant Credit Union has a significant impact on the economic well-being and quality of life of its members. Through its excellent service and provision of considerable loans, Vibrant Credit Union plays a crucial role in helping individuals and families achieve their financial goals. The total number of consumer and mortgage loans outstanding at Vibrant Credit Union is 17,833, demonstrating the widespread support and assistance the credit union provides to its members in Moline, IL. By working together to improve the economic well-being of all its members, Vibrant Credit Union contributes positively to the local community and promotes financial stability and prosperity.





    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: $4,043,047
  • Program Service Revenue: $31,076,319
  • Gross Receipts: $103,698,429

    • Assets and Liabilities:
  • Total Assets: $1,031,061,735
  • Total Liabilities: $959,287,579
  • Net Assets: $71,774,156
  • Programs

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

    LOANS INTEREST

    Revenue

    $30,036,182

    LOAN FEES

    Revenue

    $948,565

    ATM FEES

    Revenue

    $91,572

    Organization Details

    Founding Year

    1935

    Principal Officer

    Matthew Mccombs

    Main Address

    6600 44TH AVE, MOLINE, IL, 61265

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Vibrant 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.