Overview
What is Ih Mississippi Valley Credit Union?
Ih Mississippi Valley Credit Union is a financial institution located at 2500 River Drive, Moline, Illinois (IL), with a ZIP code of 61265. Established to serve over 143,609 members, this nonprofit organization offers a wide range of consumer, mortgage, and business loans, as well as deposit services. With a workforce of 558 employees, the credit union's mission is to provide essential financial solutions to its members, enabling them to meet their various financial needs.
Official website here: www.ihmvcu.org
Is Ih Mississippi Valley Credit Union legitimate?
Ih Mississippi Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ih Mississippi Valley 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: $2,509,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,469,787
For more financial information, click here
Official website here: www.ihmvcu.org
What is the mission statement of Ih Mississippi Valley Credit Union?
Ih Mississippi Valley Credit Union is dedicated to extending consumer, mortgage, and business loans, as well as deposit services, to a large membership base of over 143,609 individuals. The credit union's primary objective is to provide substantial financing opportunities to its members, catering to their diverse financial requirements. By offering a broad range of loans, the credit union empowers its members to meet their financial goals and invest in their personal and business ventures. Additionally, it ensures the security of their funds through deposit services.
Official website here: www.ihmvcu.org
Who is the CEO of Ih Mississippi Valley Credit Union?
Brian Laufenberg is the CEO of Ih Mississippi Valley Credit Union The CEO's salary of Ih Mississippi Valley Credit Union is $715,961 and their total compensation is $756,921.
Official website here: www.ihmvcu.org
What is the revenue of Ih Mississippi Valley Credit Union?
Ih Mississippi Valley Credit Union's revenue in 2023 was $131,288,696.
Official website here: www.ihmvcu.org
Who are the executives of Ih Mississippi Valley Credit Union and what are their salaries?
The average compensation at Ih Mississippi Valley Credit Union during 2023 was $51,565. There are 562 employees and 11 volunteers at Ih Mississippi Valley Credit Union.
Here are 20 key members and their salaries (Ih Mississippi Valley Credit Union's CEO's salary is $715,961 and their total compensation is $756,921):
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- Compensation: $715,961
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- Other: $40,960
- Compensation: $428,813
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- Other: $40,791
- Compensation: $419,955
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- Other: $40,791
- Compensation: $419,643
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- Other: $40,791
- Compensation: $325,000
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- Other: $37,159
- Compensation: $358,352
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- Other: $28,054
- Compensation: $270,706
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- Other: $35,084
- Compensation: $219,365
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- Other: $30,633
- Compensation: $218,422
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- Other: $31,756
- Compensation: $206,544
- Related: $0
- Other: $30,366
Official website here: www.ihmvcu.org
Where can I find the form 990 for Ih Mississippi Valley Credit Union?
Ih Mississippi Valley Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ihmvcu.org
Learn more at the official website: www.ihmvcu.org
Mission Statement of Ih Mississippi Valley Credit Union
Ih Mississippi Valley Credit Union, a significant financial institution, dedicates itself to providing consumer, mortgage, and business loans, as well as deposit services to over 143,609 members. The credit union's mission is geared towards empowering its extensive membership base, offering them access to essential financial resources to improve their economic situations. By extending considerable consumer, business, and real estate loans, Ih Mississippi Valley Credit Union plays a vital role in helping individuals and businesses achieve their financial goals. This nonprofit organization prides itself on being a trusted financial partner, committed to enhancing the financial well-being of its members.
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Impact
October, 2024
Ih Mississippi Valley Credit Union significantly impacts the communities it serves by providing essential financial services to over 143,609 members. It offers a range of consumer, mortgage, and business loans, as well as deposit services, facilitating economic growth and supporting the financial needs of individuals and businesses in the region. By focusing on considerable lending in consumer, business, and real estate sectors, the credit union enhances access to capital, empowering members to achieve their financial goals. This commitment fosters financial stability and contributes to the overall wellbeing of the community in Moline, IL, and beyond.
This information is meant to be a general summary of Ih Mississippi Valley 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,102,593
- Program Service Revenue: $121,963,365
- Gross Receipts: $165,463,456
Assets and Liabilities:
- Total Assets: $2,035,628,610
- Total Liabilities: $1,871,475,711
- Net Assets: $164,152,899
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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
$90,259,602
FEE INCOME
Revenue
$27,063,150
INSURANCE COMMISSIONS
Revenue
$2,229,839
ATM SURCHARGE FEES
Revenue
$238,732
WARRANTY FEES
Revenue
$51,795
Organization Details
Founding Year
1934
Principal Officer
Allan Hosack
Website
www.ihmvcu.orgNTEE Category
Code: W60 - Public benefit
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