Ih Mississippi Valley Credit Union

Organization Overview

Ih Mississippi Valley Credit Union is located in Moline, IL. The organization was established in 1936. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Ih Mississippi Valley Credit Union employed 580 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ih Mississippi Valley Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Ih Mississippi Valley Credit Union generated $105.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $79.0m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Ih Mississippi Valley Credit Union has awarded 57 individual grants totaling $476,787. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE CONSUMER, MORTGAGE, AND BUSINESS LOANS AND DEPOSIT SERVICES TO OVER 139,536 MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE CONSIDERABLE CONSUMER, BUSINESS AND REAL ESTATE LOANS TO MEMBERS.


PROVIDE DEPOSITORY ACCOUNTS TO APPROXIMATELY 139,536 MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cu Alliance
Loan Services
$310,794
Executive Maintenance Llc
Cleanings Services
$196,271
Equifax Information Services Llc
Credit Reports
$184,904
Avtex Solutions Llc
Data Management
$259,608
Mediacom Iowa Llc
Internet
$180,219
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$103,876,876
Investment income $1,878,630
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $52,024
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $105,810,576

Grants Awarded

Over the last fiscal year, Ih Mississippi Valley Credit Union has awarded $111,000 in support to 9 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUBS OF THE MISSISSIPPI VALLEY

Org PageRecipient Profile

Moline, IL

PURPOSE: CORPORATE DONATION

$29,000

CU AWARENESS - CUNA

Org PageRecipient Profile

Washington, DC

PURPOSE: CORPORATE DONATION

$25,000

WESTERN IL UNIVERSITY FOUNDATION

Org PageRecipient Profile

Macomb, IL

PURPOSE: CORPORATE DONATION

$10,000

RIVER BEND FOODBANK

Org PageRecipient Profile

Davenport, IA

PURPOSE: CORPORATE DONATION

$10,000

DREAM EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Houston, TX

PURPOSE: CORPORATE DONATION

$10,000

UNITED SERVICE ORGANIZATION OF ILLINOIS INC

Org PageRecipient Profile

Chicago, IL

PURPOSE: CORPORATE DONATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ih Mississippi Valley Credit Union has recieved totaling $18,000.

Awarding OrganizationAmount
National Credit Union Foundation Inc

Madison, WI

PURPOSE: FINANCIAL HEALTH SEGMENTATION GRANTS

$18,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Baxter Credit Union
Vernon Hills, IL
$350,442,030
Alliant Credit Union
Chicago, IL
$528,339,563
Citizens Equity First Credit Union
Peoria, IL
$271,033,514
GreenState Credit Union UNION
North Liberty, IA
$418,753,010
Veridian Credit Union
Waterloo, IA
$284,905,474
Teachers Credit Union
South Bend, IN
$198,079,661
Consumers Cooperative Credit Union
Gurnee, IL
$132,618,570
Ih Mississippi Valley Credit Union
Moline, IL
$105,810,576
Commonwealth Credit Union
Frankfort, KY
$88,350,902
Department Of Financial Institution Division Of Credit Unions In Ind
Columbus, IN
$88,438,069
Forum Credit Union
Indianapolis, IN
$93,129,055
Scott Credit Union
Edwardsville, IL
$74,654,217

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