Sep, 30, 2025 — I. H. MISSISSIPPI VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 14 branch locations and about $2.22 billion in total assets. Opened 90 years ago in 1936, I. H. MISSISSIPPI VALLEY CREDIT UNION has about 150,015 members and employs 422 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | I. H. MISSISSIPPI VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2500 River Dr MOLINE, IL 61265-1670 |
| Phone: | (309) 793-6200 |
| Fax: | |
| Website: | https://www.ihmvcu.org |
| Branches: | 14 branch locations |
| Members: | 150,015 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60337 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,215,085,470 |
| CEO/Manager: | Brian Laufenberg |
| Chairperson: | Sam Kupresin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 104,243,294 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 116,400 |
| Real Estate Loans | 684,823,519 |
| Unsecured Loans | 75,165,305 |
| Other Loans | 1,076,711,274 |
| TOTAL LOANS | 1,837,105,137 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,882,220 |
| Land And Building | 46,025,985 |
| Other Fixed Assets | 9,245,585 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,526,719 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,215,085,470 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,480,419 |
| Notes & Interest Payable | 67,000,000 |
| Accounts Payable & Other Liabilities | 21,670,106 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 461,970,673 |
| Regular shares | 429,548,970 |
| All Other Shares & Deposits | 1,041,481,882 |
| TOTAL SHARES & DEPOSITS | 1,933,001,527 |
| TOTAL LIABILITIES | 2,023,245,540 |
| Regular Reserve | 0 |
| Other Reserves | -3,719,988 |
| Undivided Earnings | 195,559,918 |
| TOTAL EQUITY | 191,839,930 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,215,085,470 |
| INCOME & EXPENSE | |
| Loan Income | 87,299,606 |
| Investment Income | 6,498,321 |
| Other Income | 11,819,051 |
| Total Employee Compensation & Benefits | 28,324,314 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 26,246,823 |
| Non-operating Income & (Expense) | 110,279 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,613,548 |
| Cost of Funds | 35,298,393 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,313,715 |
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