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VIBE CREDIT UNION

Sep, 30, 2025 — VIBE CREDIT UNION is a federally insured state chartered credit union headquartered in NOVI, MI with 15 branch locations and about $1.52 billion in total assets. Opened 73 years ago in 1953, VIBE CREDIT UNION has about 74,791 members and employs 250 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:VIBE CREDIT UNION
Address:
(Main Office)
44575 W Twelve Mile Rd
NOVI, MI 48377-2505
Phone:(248) 735-9500
Fax:
Website:https://www.vibecu.com
Branches:15 branch locations
Members:74,791
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61522
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2024
FHLB Member:Yes
Low Income Designation:No
Assets:$1,521,985,150
CEO/Manager:Chaz Rzewnicki
Chairperson:Gaia V Piir

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 231,409,498
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 561,833,163
 Unsecured Loans 70,769,682
 Other Loans 288,186,194
 TOTAL LOANS 920,797,620
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,406,444
 Land And Building 27,903,426
 Other Fixed Assets 6,467,696
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 11,291,685
 All Other Assets 854,651
  TOTAL ASSETS 1,521,985,150
LIABILITIES & CAPITAL:  
 Dividends Payable 5
 Notes & Interest Payable 175,000,000
 Accounts Payable & Other Liabilities 12,453,948
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 183,624,292
 Regular shares 569,339,132
 All Other Shares & Deposits 436,698,384
  TOTAL SHARES & DEPOSITS 1,189,661,808
  TOTAL LIABILITIES 1,377,115,761
 Regular Reserve 0
 Other Reserves 58,277,705
 Undivided Earnings 86,591,684
  TOTAL EQUITY 144,869,389
  TOTAL LIABILITIES, SHARES, & EQUITY 1,521,985,150
INCOME & EXPENSE  
 Loan Income 42,073,171
 Investment Income 14,653,969
 Other Income 6,910,943
 Total Employee Compensation & Benefits 20,362,294
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 21,353,312
 Non-operating Income & (Expense) -310,622
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,081,103
 Cost of Funds 21,477,045
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,212,672
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