Vibrant Credit Union

Organization Overview

Vibrant 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, Vibrant Credit Union employed 309 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vibrant 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, Vibrant Credit Union generated $50.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $40.6m during the year ending 12/2021. While expenses have increased by 7.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE CONSIDERABLE LOANS TO MEMBERS. TOTAL NUMBER OF CONSUMER AND MORTAGE LOANS OUTSTANDING WAS 26,982.


PROVIDED DEPOSITORY SERVICES TO APPROXIMATELY 55,636 MEMBERS.


PROVIDED CREDIT CARD SERVICES TO APPROXIMATELY 13,319 MEMBERS.


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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$30,796,947
Investment income $2,058,999
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,091
Net Gain/Loss on Asset Sales $3,187,040
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $50,336,419

Peer Organizations

Organization NameAssets
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
Deere Employees Credit Union
Moline, IL
$82,112,773
Credit Union 1
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$72,991,911
Interra Credit Union
Goshen, IN
$68,430,398
Park Community Credit Union Inc
Louisville, KY
$53,014,034
Beacon Credit Union
Wabash, IN
$47,143,377
Vibrant Credit Union
Moline, IL
$50,336,419

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