Dec, 31, 2023 — VIBRANT CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 7 branch locations and about $1.05 billion in total assets. Opened 89 years ago in 1935, VIBRANT CREDIT UNION has about 44,214 members and employs 165 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VIBRANT CREDIT UNION |
|---|---|
| Address: (Main Office) | 6600 44th Ave MOLINE, IL 61265-8127 |
| Phone: | (800) 323-5109 |
| Fax: | |
| Website: | https://www.vibrantcreditunion.org |
| Branches: | 7 branch locations |
| Members: | 44,214 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61093 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,050,232,876 |
| CEO/Manager: | Matthew P McCombs |
| Chairperson: | Nick Kremer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 64,822,552 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 538,722,901 |
| Unsecured Loans | 38,177,832 |
| Other Loans | 207,510,480 |
| TOTAL LOANS | 784,537,013 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,280,412 |
| Land And Building | 33,890,500 |
| Other Fixed Assets | 5,972,256 |
| NCUSIF Deposit | 7,304,257 |
| All Other Assets | 7,354 |
| TOTAL ASSETS | 1,050,232,876 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 169,565,982 |
| Accounts Payable & Other Liabilities | 13,765,886 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 146,510,107 |
| Regular shares | 240,015,541 |
| All Other Shares & Deposits | 415,189,479 |
| TOTAL SHARES & DEPOSITS | 801,715,127 |
| TOTAL LIABILITIES | 985,046,995 |
| Regular Reserve | 0 |
| Other Reserves | -22,473,841 |
| Undivided Earnings | 87,659,722 |
| TOTAL EQUITY | 65,185,881 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,050,232,876 |
| INCOME & EXPENSE | |
| Loan Income | 32,427,565 |
| Investment Income | 5,693,215 |
| Other Income | 4,676,014 |
| Total Employee Compensation & Benefits | 17,564,642 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,047,509 |
| Non-operating Income & (Expense) | -2,314,498 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,095,997 |
| Cost of Funds | 13,553,940 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,654,360 |
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