Vizo Financial Corporate Credit Union

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

EIN: 561295697 ✦ Greensboro, NC ✦ Designated as a 501(c)(14)

Overview

What is Vizo Financial Corporate Credit Union?

Vizo Financial Corporate Credit Union, based in Greensboro, North Carolina, serves as a financial cooperative for credit unions, offering a range of services to help them efficiently and cost-effectively serve their members. Their expertise encompasses liquidity services, investment services, and correspondent services, acting as a valuable resource for their members. Vizo Financial's mission is to foster credit union success through proven excellence, expertise, and engaged partnerships, with a team of 184 employees dedicated to this purpose.


Official website here: www.vfccu.org

Is Vizo Financial Corporate Credit Union legitimate?

Vizo Financial Corporate Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Vizo Financial Corporate 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: $1,325,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,681,994

For more financial information, click here


Official website here: www.vfccu.org

What is the mission statement of Vizo Financial Corporate Credit Union?

Vizo Financial Corporate Credit Union focuses on delivering liquidity services, investment services, and correspondent services to its member credit unions, enabling them to efficiently and cost-effectively serve their own members. The mission of Vizo Financial is to drive credit union success through proven expertise, excellence, and engaged partnerships. Specifically, they offer settlement and payment services to credit unions, aggregating payments for them to move money electronically in an efficient manner. With a commitment to excellence and expertise, Vizo Financial aims to support the growth and success of its credit union members.


Official website here: www.vfccu.org

Who is the CEO of Vizo Financial Corporate Credit Union?

David Brehmer is the President/Ceo of Vizo Financial Corporate Credit Union. The CEO's salary of Vizo Financial Corporate Credit Union is $568,008 and their total compensation is $632,252.


Official website here: www.vfccu.org

What is the revenue of Vizo Financial Corporate Credit Union?

Vizo Financial Corporate Credit Union's revenue in 2022 was $215,933,784.


Official website here: www.vfccu.org

Who are the executives of Vizo Financial Corporate Credit Union and what are their salaries?

The average compensation at Vizo Financial Corporate Credit Union during 2022 was $70,692. There are 184 employees and 17 volunteers at Vizo Financial Corporate Credit Union.

Here are 17 key members and their salaries (Vizo Financial Corporate Credit Union's CEO's salary is $568,008 and their total compensation is $632,252):

    David Brehmer (President/Ceo)
  • Compensation: $568,008
  • Related: $0
  • Other: $64,244

    • Jeffrey Stoner (Chief Strategy Officer)
  • Compensation: $272,315
  • Related: $0
  • Other: $110,379

    • Rodney May (Chief Engagement Officer)
  • Compensation: $259,256
  • Related: $0
  • Other: $118,885

    • Fred Eisel (Cio)
  • Compensation: $290,333
  • Related: $0
  • Other: $58,195

    • Mark Brown (Cfo)
  • Compensation: $287,235
  • Related: $0
  • Other: $57,307

    • Lori Gall (Chief Risk Officer)
  • Compensation: $239,496
  • Related: $0
  • Other: $91,264

    • Joseph Bertotto (Chief Culture Officer)
  • Compensation: $216,883
  • Related: $0
  • Other: $98,985

    • Janice Appleby (Chief Human Resources Offi)
  • Compensation: $205,311
  • Related: $0
  • Other: $69,472

    • Derek Fuzzell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Woods (Board Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Chelius (Board Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Weaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Berry (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Genice Decorte (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vfccu.org

    Where can I find the form 990 for Vizo Financial Corporate Credit Union?

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


    Official website here: www.vfccu.org

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

    Mission Statement of Vizo Financial Corporate Credit Union

    Vizo Financial Corporate Credit Union, with its mission to drive credit union success, offers proven expertise and engaged partnerships to its members. This financial institution specializes in liquidity services, investment services, and correspondent services, providing credit unions with tools for efficient and cost-effective member service.

    The heart of Vizo Financial Corporate Credit Union's operations lies in offering settlement and payment services. By providing aggregated payment services, this credit union helps its members effectively and economically serve their own members. Electronic money transfer solutions are made available, enabling credit unions to streamline their operations and enhance their overall service quality. In essence, Vizo Financial Corporate Credit Union empowers credit unions to focus on their primary mission of serving their members, while the credit union tackles the complexities of payment processing and settlement.

    Impact

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




    Thursday, August 15, 2024

    Vizo Financial Corporate Credit Union plays a crucial role in supporting the financial stability and growth of credit unions by providing liquidity services, investment services, and correspondent services. By offering aggregated payment services, Vizo Financial enables credit unions to efficiently and cost-effectively serve their members, facilitating electronic money transfers. Through its expertise and engaged partnerships, Vizo Financial actively contributes to driving credit union success.





    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: $103,477,400
  • Program Service Revenue: $113,094,854
  • Gross Receipts: $215,933,784

    • Assets and Liabilities:
  • Total Assets: $6,740,797,633
  • Total Liabilities: $6,247,237,000
  • Net Assets: $493,560,633
  • Programs

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

    CORRESPONDENT SERVICES

    Revenue

    $111,088,783

    INCOME ON LOANS

    Revenue

    $2,006,071

    Organization Details

    Founding Year

    1980

    Principal Officer

    David Brehmer

    Main Address

    7900 TRIAD CENTER DRIVE 410, GREENSBORO, NC, 27409

    NTEE Category

    Code: W60 - Public benefit

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