Ih Mississippi Valley Credit Union

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

EIN: 362523206 ✦ Moline, IL ✦ Designated as a 501(c)(14)

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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: $6,784,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,130,477

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?

Allan Hosack is the Chief Financial Officer of Ih Mississippi Valley Credit Union. The CEO's salary of Ih Mississippi Valley Credit Union is $695,448 and their total compensation is $734,693.


Official website here: www.ihmvcu.org

What is the revenue of Ih Mississippi Valley Credit Union?

Ih Mississippi Valley Credit Union's revenue in 2022 was $111,927,596.


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 2022 was $53,611. There are 558 employees and 12 volunteers at Ih Mississippi Valley Credit Union.


Here are 39 key members and their salaries (Ih Mississippi Valley Credit Union's CEO's salary is $695,448 and their total compensation is $734,693):


Sam Kupresin (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Terronez (Board Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Carr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Mendanhall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Chip Irwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Early (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Wiemers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Considine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Berry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Pepper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Jefferson (Chief Digital Officer (Part-Year))
  • Compensation: $357,051
  • Related: $0
  • Other: $23,022
Allan Hosack (Chief Financial Officer)
  • Compensation: $406,307
  • Related: $0
  • Other: $39,319
Ann Mcmillian (Chief Operating Officer)
  • Compensation: $410,502
  • Related: $0
  • Other: $39,319
Julie Stickney (Chief Resource Officer)
  • Compensation: $231,256
  • Related: $0
  • Other: $30,887
Lisa Olson (Chief Risk Management Officer)
  • Compensation: $403,435
  • Related: $0
  • Other: $39,319
Brian Laufenberg (President / Ceo)
  • Compensation: $695,448
  • Related: $0
  • Other: $39,245
Lindsey Ramos (Sv,P Member Experience)
  • Compensation: $228,282
  • Related: $0
  • Other: $29,229
Andrew Grothe (Svp Wealth Mgmt And Investment Services)
  • Compensation: $222,500
  • Related: $0
  • Other: $30,831
Danielle Sons (Svp, Finance)
  • Compensation: $208,129
  • Related: $0
  • Other: $30,457
Ajay Singh (Svp, Lending)
  • Compensation: $229,312
  • Related: $0
  • Other: $26,029
Benjamin Abbott (Svp, Payments, Technology And Lending Operation)
  • Compensation: $194,531
  • Related: $0
  • Other: $29,694
Curt Jourdan (Svp, Technology And Data Strategy)
  • Compensation: $189,960
  • Related: $0
  • Other: $24,354
Mayra De Catalan (Vp Analytics (Part-Year))
  • Compensation: $182,042
  • Related: $0
  • Other: $8,760
Chad Ervin (Vp Commercial Lending Dept)
  • Compensation: $199,505
  • Related: $0
  • Other: $27,971
James Legare (Vp Commerical & Mortgage Credit (Part-Year))
  • Compensation: $235,660
  • Related: $0
  • Other: $11,587
Robert Roseman (Vp Indirect Business Development)
  • Compensation: $370,363
  • Related: $0
  • Other: $28,008
Rich Dussliere (Vp Information Security)
  • Compensation: $191,390
  • Related: $0
  • Other: $29,207
Kevin Duncalf (Vp Of Business Development)
  • Compensation: $203,554
  • Related: $0
  • Other: $13,835
Laura Burkholder (Vp Of Credit Risk (Part-Year))
  • Compensation: $154,867
  • Related: $0
  • Other: $0
Curtis Johnston (Vp Of Mortgage)
  • Compensation: $168,305
  • Related: $0
  • Other: $27,624
Ron Gauvin (Vp Of Strategic Initiatives)
  • Compensation: $188,758
  • Related: $0
  • Other: $19,475
Amy Bytnar (Vp Pmo)
  • Compensation: $189,567
  • Related: $0
  • Other: $13,129
Kristen Doonan (Vp Risk Management)
  • Compensation: $156,687
  • Related: $0
  • Other: $10,909
Darlene Reed (Vp Treasurer)
  • Compensation: $162,935
  • Related: $0
  • Other: $31,889
Robert Blazejewski (Financial Consultant)
  • Compensation: $242,010
  • Related: $0
  • Other: $30,922
Stephen Tracy (Manager, Application Development (Termed 01/03/202)
  • Compensation: $160,918
  • Related: $0
  • Other: $16,594
Chad Mansfield (Mortgage Loan Originator)
  • Compensation: $188,690
  • Related: $0
  • Other: $29,406
James Garman (Mortgage Loan Originator (Part-Year))
  • Compensation: $358,948
  • Related: $0
  • Other: $32,556
Justin Johnson (Vp Commercial Lender)
  • Compensation: $170,900
  • Related: $0
  • Other: $26,704


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 2022 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.

Revenue
$111,927,596 (2022)
Expenses
$93,113,066 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,567,506
  • Program Service Revenue: $106,364,308
  • Gross Receipts: $254,390,734

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

$74,268,653

FEE INCOME

Revenue

$31,488,252

INSURANCE COMMISSIONS

Revenue

$677,981

ATM SURCHARGE FEES

Revenue

$222,515

WARRANTY FEES

Revenue

$62,000

Organization Details

Founding Year

1934

Principal Officer

Allan Hosack

Main Address

2500 RIVER DRIVE, MOLINE, IL, 61265

NTEE Category

Code: W60 - Public benefit

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