Vibrant Credit Union
Only null% goes to programs Strong reserves Growing revenue
Vibrant Credit Union is a 501(c)(14) organization based in Moline, Illinois, registered in 1936, with $62,580,005 in FY2024 revenue. CharityIndex grades it B+.
6600 44th Ave, Moline, IL, 61265 EIN 36-6068452 Since 1936
Revenue (FY2024)
$62.6M
▲ 32.3% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$69.2M
Net assets
$58.8M
Employees
231
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Vibrant Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating10 mo reserves · -11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Vibrant Credit Union: 10 mo reserves · -11% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Vibrant Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Vibrant Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Working together to improve the economic well-being and quality of life for all members through excellent service.
What they do
Provided depository services to approximately 60,200 members.
Provided credit card services to approximately 12,500 accounts.
Contact & location
- Address
- 6600 44th Ave, Moline, IL, 61265
- City
- Moline
- State
- Illinois
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $25.1M (FY2013) to $62.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0BNet assets $58.8M
Operating margin
-10.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$1.0B
Net assets
$58.8M
Salaries & benefits
$16.0M
23% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,580,005▲32.3% | $69,202,311▲33.2% | $58,834,299▼9.8% | $1,104,791,586▲4.8% | 990 |
| 2023 | $47,308,712▼1.3% | $51,963,140▲21.6% | $65,195,809▼9.2% | $1,054,150,884▲2.2% | 990 |
| 2022 | $47,909,169▼4.8% | $42,724,534▲5.3% | $71,774,156▼20.6% | $1,031,061,735▼2.9% | 990 |
| 2021 | $50,336,419▲0.3% | $40,577,326▼6.4% | $90,387,424▲7.8% | $1,061,532,656▲11.2% | 990 |
| 2020 | $50,170,904▲6.7% | $43,350,139▲3.1% | $83,808,712▲9.4% | $954,829,688▲18.4% | 990 |
| 2019 | $47,037,308▲13.1% | $42,038,979▲8.0% | $76,637,056▲8.5% | $806,652,253▲12.5% | 990 |
| 2018 | $41,594,596▲25.9% | $38,930,419▲31.6% | $70,631,973▲5.0% | $717,178,979▲9.8% | 990 |
| 2017 | $33,050,034▲6.0% | $29,593,200▲18.1% | $67,259,447▲12.2% | $653,229,100▲12.3% | 990 |
| 2016 | $31,176,365▲16.7% | $25,066,279▲2.3% | $59,929,016▲12.8% | $581,503,822▲6.5% | 990 |
| 2015 | $26,721,157▲6.4% | $24,507,554▲10.8% | $53,106,958▲10.7% | $545,846,879▲18.7% | 990 |
| 2013 | $25,118,147 | $22,113,561▲2.6% | $47,974,978▲6.6% | $459,847,611▲1.6% | 990 |
| 2012 | — | $21,542,846▲2.6% | $45,014,978▲9.2% | $452,822,858▲3.6% | 990 |
| 2011 | — | $20,989,164▼2.3% | $41,224,611▲5.9% | $437,165,945▲0.2% | 990 |
| 2010 | — | $21,486,024 | $38,936,915 | $436,146,349 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Mccombs — $510,965 (0.74% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Mccombs | President/ceo | 40 | $510,965 |
| Amy Henderson | Chief Lending Officer | 40 | $243,331 |
| Megan Anderson | Chief Marketing Officer | 40 | $241,113 |
| Marsha Wolff | Chief Operating Officer | 40 | $221,802 |
| Peter Nohelty | Chief Technology Officer | 40 | $199,475 |
| Cale Vangenderen | Svp Loan Programs | 40 | $155,523 |
| Jamie Collier | Vp Payment Deposit | 40 | $153,890 |
| Trista Beise | Svp Risk, Legal, and Compliance | 40 | $147,721 |
| Holly Danier | Svp Marketing | 40 | $146,789 |
| Tiffany Haedt | Executive Officer | 40 | $133,939 |
| Kevin Peterson | Former Cfo (until 4/30/24) | 40 | $78,352 |
| Susie Ann Johnson | Former Cfo (until 11/12/24) | 40 | $67,602 |
| Andres Pasantes | Director | 1 | — |
| Bob Swift | Vice Chairman | 1 | — |
| James Jim Ed Pogue | Director | 1 | — |
| Julie Verheecke | Secretary/treasurer | 1 | — |
| Kimberly Davison | Director | 1 | — |
| Mark Cooper | Director | 1 | — |
| Michael Pease | Director | 1 | — |
| Nick Kremer | Chairman | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiserv | Banking Software and Service | $3,365,476 |
| Alkami Technology Inc | Banking Software and Service | $669,253 |
| Lightedge Solutions Inc | Data Center | $639,828 |
| Five9 Inc | Phone Services | $286,171 |
| Fintechos LLC | Software | $200,000 |
Grants made · $10K in FY2015
1 grant totaling $10K in FY2015. All grants made by Vibrant Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Quad Cities Chamber of Commerce | 2015 support | $10,050 |
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Frequently asked questions
- Is Vibrant Credit Union a legitimate nonprofit?
- Yes. Vibrant Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 36-6068452, based in Moline, Illinois.
- What is Vibrant Credit Union's EIN?
- Vibrant Credit Union's Employer Identification Number (EIN) is 36-6068452.
- How much revenue does Vibrant Credit Union report?
- Vibrant Credit Union reported $62,580,005 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Vibrant Credit Union have?
- CharityIndex grades Vibrant Credit Union B+, based on financial health (reserves and operating margin).
- How much does Vibrant Credit Union's highest-paid employee make?
- The highest reported compensation on Vibrant Credit Union's latest Form 990 is $510,965, paid to Matthew Mccombs (President/ceo).
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Data for Vibrant Credit Union (EIN 36-6068452) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.