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Via Credit Union

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

EIN: 350884006 ✦ Marion, IN ✦ Designated as a 501(c)(14)

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Overview

What is Via Credit Union?

Via Credit Union is a member-owned financial institution based in Marion, Indiana, with the address 4505 S Adams St. They are committed to helping people achieve financial success, offering various savings accounts, including membership shares, secondary shares, Christmas Club accounts, Money Market accounts, and Premier Money Market Share accounts. They also provide Share Certificates with different terms. Via Credit Union prioritizes member service and maintains financial stability. Their profits are returned to members through lower loan rates, higher savings rates, and free or low-cost services.


Official website here: www.viacu.org

Is Via Credit Union legitimate?

Via Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Via 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,014,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,780,131

For more financial information, click here


Official website here: www.viacu.org

What is the mission statement of Via Credit Union?

Via Credit Union is dedicated to providing exceptional member service while ensuring financial stability. The credit union's profits are returned to its members through lower loan rates, higher savings rates, and complimentary services. Via Credit Union offers various savings accounts, including Membership Shares, Secondary Shares, Christmas Club Accounts, Money Market Accounts, and Premier Money Market Share Accounts, as well as Share Certificates with different terms. The credit union's primary objective is to help its members achieve financial success.


Official website here: www.viacu.org

Who is the CEO of Via Credit Union?

Cindy Kohlmorgen is the CEO of Via Credit Union The CEO's salary of Via Credit Union is $236,193 and their total compensation is $278,012.


Official website here: www.viacu.org

What is the revenue of Via Credit Union?

Via Credit Union's revenue in 2023 was $25,849,601.


Official website here: www.viacu.org

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

The average compensation at Via Credit Union during 2023 was $46,733. There are 124 employees and 13 volunteers at Via Credit Union.

Here are 15 key members and their salaries (Via Credit Union's CEO's salary is $236,193 and their total compensation is $278,012):


Cindy Kohlmorgen (President/Ceo/Treasurer Of The Board)
  • Compensation: $236,193
  • Related: $0
  • Other: $41,819
Clyde Thornell (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deleane Soloman (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Velasquez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Mitchener (Secretary (End 03/2023))
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Maurer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lightle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Roth (Board Member (End 04/2023))
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Mcharry (Board Member (Begin 07/2023))
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Parrie (Chief Operations Officer)
  • Compensation: $125,142
  • Related: $0
  • Other: $31,085
Georgette Miller (Chief Consumer Loan Officer)
  • Compensation: $113,832
  • Related: $0
  • Other: $17,707
Karen Mitchener (Chief Human Resources Officer)
  • Compensation: $119,741
  • Related: $0
  • Other: $12,234
Lori Fiene (Chief Financial Officer)
  • Compensation: $151,640
  • Related: $0
  • Other: $33,242
Michelle Peterson (Chief Marketing Officer)
  • Compensation: $100,266
  • Related: $0
  • Other: $31,899
Kolby Rosemeyer (Svp Of Business Lending)
  • Compensation: $100,085
  • Related: $0
  • Other: $15,826


Official website here: www.viacu.org

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

Via Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.viacu.org

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

Mission Statement of Via Credit Union

Via Credit Union, a people-driven financial institution, is dedicated to helping its members achieve financial success. The organization prioritizes member service while ensuring its own financial stability. By returning profits to its members, Via Credit Union offers lower loan rates, higher savings rates, and free or low-cost services.

In practice, Via Credit Union provides various savings accounts to cater to different financial needs. These include membership shares, secondary shares which can be named differently for budgeting purposes, and Christmas club accounts. Additionally, the credit union offers Money Market and Premier Money Market Share Accounts, and various terms of Share Certificates. With these offerings, Via Credit Union empowers its members to save and manage their finances effectively.

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Impact




October, 2024

Via Credit Union plays a significant role in fostering financial well-being within the Marion, IN community. By prioritizing the principle of "people helping people achieve financial success," it provides essential financial services tailored to the needs of its members.

Members benefit from various savings account options, ensuring they have access to tools that fit their individual budgeting and saving goals, including specialized accounts like Christmas Club accounts. Via Credit Union also offers competitive money market accounts and share certificates, which encourage members to save while growing their finances safely and effectively.

With a commitment to member service, Via Credit Union enhances financial stability for its community. The credit union reinvests its profits back into its member services, resulting in lower loan rates, higher savings rates, and an array of free or low-cost financial offerings. This cycle of support not only empowers individual members but also contributes to the overall economic health of the region. Through its approach, Via Credit Union not only meets financial needs but also strengthens the community by promoting financial literacy, security, and growth.




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


Financials

This financial information is from Propublica.

Revenue
$25,849,601 (2023)
Expenses
$20,618,217 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,338,384
  • Program Service Revenue: $23,640,454
  • Gross Receipts: $25,978,838

Assets and Liabilities:

  • Total Assets: $525,279,196
  • Total Liabilities: $465,652,756
  • Net Assets: $59,626,440

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Programs

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

INTEREST ON LOANS

Revenue

$18,584,308

SERVICE CHARGES AND FEES

Revenue

$2,318,271

INTERCHANGE INCOME

Revenue

$1,790,121

INSURANCE AND INVESTMENT PRODUCTS INCOME

Revenue

$444,838

OTHER REVENUE

Revenue

$502,916

Organization Details

Founding Year

1936

Principal Officer

Cindy Kohlmorgen

NTEE Category

Code: W61 - Public benefit

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