Vantage Credit Union

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

EIN: 430739854 ✦ St charles, MO ✦ Designated as a 501(c)(14)

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Overview

What is Vantage Credit Union?

Vantage Credit Union, established in St Charles, MO, is a member-focused financial institution offering competitive loan services. With a mission to enhance members' lives and strengthen the community, Vantage Credit Union provides access to fair and reasonable loans totaling over $613 million, impacting 62,000 borrowers as of December 31, 2020. The credit union's reach extends to 75,000 members, delivering various financial services. By fostering a strong community connection, Vantage Credit Union empowers its members to thrive financially.


Official website here: www.vcu.com

Is Vantage Credit Union legitimate?

Vantage Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Vantage 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: $3,112,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,855,755

For more financial information, click here


Official website here: www.vcu.com

What is the mission statement of Vantage Credit Union?

Vantage Credit Union is dedicated to improving the lives of its members by offering them loans with reasonable interest rates. With over 62,000 outstanding loans totaling approximately $613 million, the credit union has served a substantial number of individuals. Beyond lending, Vantage Credit Union provides a range of financial services to more than 75,000 members. Its mission goes beyond personal financial gains, aiming to contribute positively to the community.


Official website here: www.vcu.com

Who is the CEO of Vantage Credit Union?

Eric Acree is the President & Ceo of Vantage Credit Union. The CEO's salary of Vantage Credit Union is $605,964 and their total compensation is $921,224.


Official website here: www.vcu.com

What is the revenue of Vantage Credit Union?

Vantage Credit Union's revenue in 2022 was $54,325,428.


Official website here: www.vcu.com

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

The average compensation at Vantage Credit Union during 2022 was $53,886. There are 352 employees and 12 volunteers at Vantage Credit Union.


Here are 18 key members and their salaries (Vantage Credit Union's CEO's salary is $605,964 and their total compensation is $921,224):


Dr Jerry Eichholz (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Dolan (Vice Chairman)
  • Compensation: $7,723
  • Related: $0
  • Other: $0
Mark Rudolph (Secretary/Treasurer)
  • Compensation: $1,684
  • Related: $0
  • Other: $0
Dr William Solomon (Director)
  • Compensation: $1,670
  • Related: $0
  • Other: $0
Toni Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Barbara Evans-Cunningham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Ceriotti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Acree (President & Ceo)
  • Compensation: $605,964
  • Related: $0
  • Other: $315,260
Douglas Ruckman (Chief Financial Officer)
  • Compensation: $308,292
  • Related: $0
  • Other: $64,198
John Hopkins (Chief Risk Officer)
  • Compensation: $281,382
  • Related: $0
  • Other: $127,349
Kathleen Palmer (Chief Member Experience Officer)
  • Compensation: $254,813
  • Related: $0
  • Other: $40,918
Michael Gatrell (Chief Growth & Revenue Officer/Pres Cuso Ops)
  • Compensation: $402,143
  • Related: $0
  • Other: $281,033
Daniel Jones (Chief Information Officer)
  • Compensation: $305,833
  • Related: $0
  • Other: $113,930
Christopher Smith (Director, Mortgage)
  • Compensation: $272,113
  • Related: $0
  • Other: $39,218
Amanda Barcliff (Senior Financial Consultant)
  • Compensation: $167,421
  • Related: $0
  • Other: $33,209
Hans Smith (Senior Financial Consultant)
  • Compensation: $150,261
  • Related: $0
  • Other: $17,570
Mohamed Sami (Director, Applications)
  • Compensation: $139,871
  • Related: $0
  • Other: $42,336
Betty Lewis (Controller)
  • Compensation: $129,260
  • Related: $0
  • Other: $27,052


Official website here: www.vcu.com

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

Vantage Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vcu.com

Learn more at the official website: www.vcu.com

Mission Statement of Vantage Credit Union

Vantage Credit Union, a leading financial institution, is dedicated to improving the lives of its members by offering them loans at reasonable and fair interest rates. The credit union's significant impact is reflected in the 62,387 loans that were outstanding as of December 31, 2020, with a total value of $613,726,168. Vantage Credit Union goes beyond just lending, as it also provides a range of financial and related services to its expansive membership base of 75,032 individuals.

At the heart of Vantage Credit Union's mission is the belief that financial wellbeing is essential for an individual's overall quality of life. By offering loans at fair rates, the credit union empowers its members to take control of their financial situations, whether it's for purchasing a home, funding education, or managing unexpected expenses. In doing so, Vantage Credit Union becomes an indispensable partner in its members' financial journeys.

From the outset, Vantage Credit Union has made it its mission to strengthen the community it serves. By providing accessible financial services to its members, the credit union contributes to the economic stability and growth of the community. Through its various loan offerings, Vantage Credit Union enables individuals and families to invest in their future, ultimately fostering a thriving and prosperous community.

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Impact




October, 2024

Vantage Credit Union plays a significant role in enhancing the lives of its members and strengthening the community in St. Charles, MO. By offering loans at fair and reasonable interest rates, it supports financial well-being for its 75,032 members, contributing to a healthier local economy. As of December 31, 2020, the credit union had 62,387 loans outstanding, amounting to over $613 million, which empowers individuals and families to achieve their financial goals. This access to affordable financial services underscores Vantage's commitment to public benefit, fostering a sense of community while promoting responsible lending practices and financial education.




This information is meant to be a general summary of Vantage 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
$54,325,428 (2022)
Expenses
$52,625,526 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,553,040
  • Program Service Revenue: $50,643,125
  • Gross Receipts: $64,444,007

Assets and Liabilities:

  • Total Assets: $1,166,332,861
  • Total Liabilities: $1,091,340,376
  • Net Assets: $74,992,485

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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

$31,190,419

FEES & OTHER INCOME

Revenue

$18,826,086

OTHER INSURANCE & WARRANTIES

Revenue

$626,620

Organization Details

Founding Year

1957

Principal Officer

Eric Acree

Main Address

19 RESEARCH PARK COURT, ST CHARLES, MO, 633045616

NTEE Category

Code: W60 - Public benefit

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