2021-05-17T13:38:31-05:00 2020-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2020-01-01 366068452 VIBRANT CREDIT UNION VIBR 8003235109 P O BOX 1550 MOLINE IL 61265 AUSTIN TAYLOR SVP OF FINANCE AND RISK 8003235109 2021-05-14 1 AUSTIN TAYLOR 999009999 KENLEY PENNER P00740260 2695674500 2021-05-14 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATTHEW MCCOMBS P O BOX 1550 MOLINE IL 61265 236877100 0 X WWW.VIBRANTCREDITUNION.ORG X 1935 IL WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE. 9 8 306 8 2654525 790733 0 0 29669538 32353540 6167551 5552505 11200219 12264859 47037308 50170904 12099 13130 0 0 14307660 16569273 0 0 0 27719220 26767736 42038979 43350139 4998329 6820765 806652253 954829688 730015197 871020976 76637056 83808712 WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE. 0 0 PROVIDE CONSIDERABLE LOANS TO MEMBERS. TOTAL NUMBER OF CONSUMER AND MORTGAGE LOANS OUTSTANDING WAS 34,116 PROVIDED DEPOSITORY SERVICES TO APPROXIMATELY 50,239 MEMBERS. PROVIDED CREDIT CARD SERVICES TO APPROXIMATELY 13,322 MEMBERS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 18305 0 1 306 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MATTHEW MCCOMBS 8003235109 1900 52ND AVENUE MOLINE IL 61265 MATTHEW MCCOMBS PRESIDENT/CEO/SECRETARY 40.00 0.00 X X 475774 0 34993 NICK TARPEIN CHAIRMAN 1.00 0.00 X X 0 0 0 BRENT PETERSON VICE CHAIRMAN 1.00 0.00 X X 0 0 0 TERRY BRAHM TREASURER 1.00 0.00 X X 0 0 0 KEVIN WOLFE ASSOCIATE DIRECTOR 1.00 0.00 X 0 0 0 MARK COOPER DIRECTOR 1.00 0.00 X 0 0 0 NICK KREMER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL PEASE DIRECTOR 1.00 0.00 X 0 0 0 TIM SCARLETT DIRECTOR 1.00 0.00 X 0 0 0 MEGAN STOPULOUS DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 TERRY BISHOP CHIEF FINANCIAL OFFICER (PART-YEAR) 40.00 0.00 X 47306 0 5787 MEGAN ANDERSON CHIEF OPERATIONS OFFICER 40.00 0.00 X 184763 0 29134 JOSH ERNST CHIEF BUSINESS OFFICER 40.00 0.00 X 184230 0 29259 AARON OHLENSEHLEN AGENCY PRESIDENT 40.00 0.00 X 156974 0 27486 PETER NOHELTY CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 233666 0 20155 JONATHON SEXTON SVP CULTURE & LEADERSHIP 40.00 0.00 X 139814 0 26574 BRETT FLYNN MORTGAGE LOAN OFFICER 40.00 0.00 X 172841 0 16818 JAMES ALLISON MORTGAGE LOAN OFFICER 40.00 0.00 X 182248 0 28957 JACOB WACHENDORF DIRECTOR BRANCHES 40.00 0.00 X 145000 0 12995 KRAIG SLEAFORD MORTGAGE LOAN OFFICER III 40.00 0.00 X 134847 0 6369 2057463 0 238527 23 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 BANKING SOFTWARE AND SERVICE 2265915 HEALTH CARE SERVICE CORPORATION 25550 NETWORK PLACE CHICAGO IL 60673 HEALTH INSURANCE 1881679 SPINUTECH INC 201 WASHINGTON STREET CEDAR FALLS IA 50613 MARKETING 944490 APPRAISAL LINX INC 501 DUANE STREET GLEN ELLYN IL 60137 MORTGAGE APPRAISALS 659040 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 BANKING SOFTWARE 543176 36 LOANS INTEREST 522100 28517022 28517022 LOAN FEES 522100 3732442 3732442 ATM FEES 522100 104076 16424 87652 32353540 1735383 1735383 33795 0 33795 33795 33795 37540580 152982738 37482964 149223232 57616 3759506 3817122 3817122 CHECKING FEE INCOME 522100 4261305 4261305 OVERDRAFT CHARGES 522100 2226886 2226886 MISCELLANEOUS OPERATING INCOME 522100 528680 528680 5214193 2647320 2566873 12231064 50170904 41930079 2654525 5586300 13130 1429526 11574940 536083 1859267 1169457 558581 1139049 1361438 300857 1790235 1516155 69689 979594 2032600 221961 OTHER EXPENSES 9000930 DIVIDENDS PAID TO MEMBE 4752193 PROVISION FOR LOAN LOSS 2065724 SERVICE CHARGES & VISA 848477 130253 43350139 40658537 63171379 6596505 3001000 0 50907 5539465 5813200 618197437 728495627 6908662 8290986 39666395 17593515 19096098 22072880 85223723 97790845 24431826 26142864 806652253 954829688 142154845 82615599 573986 789614 587286366 787615763 730015197 871020976 X 0 0 0 0 76637056 83808712 76637056 83808712 806652253 954829688 X 6820765 303047 47844 X X 0 1 X 1 0 0 1 X 3571822 3571822 22380721 9637391 12743330 12793255 7294748 5498507 920597 661376 259221 22072880 MORTGAGE LOANS INVESTMENT 89480027 C FEDERAL HOME LOAN BANK STOCK 7155565 C MORTGAGE LOANS HELD FOR SALE 1155253 C 97790845 MEMBERS' DEPOSIT ACCOUNTS 680341548 NOVEMBER CERTIFICATES OF DEPOSIT 5595026 DISCOUNT WINDOW LOAN 101679189 787615763 X PART IV, LINE 2B: VIBRANT CREDIT UNION COLLECTS AMOUNTS FROM MEMBERS WITH REAL ESTATE LOANS EACH MONTH VIA THEIR CONTRACTUAL PAYMENT SCHEDULE. THESE FUNDS ARE HELD IN ESCROW UNTIL THEY NEED TO BE DISBURSED IN ACCORDANCE WITH THE ESCROW INSTRUCTIONS FOR EACH MEMBER. AMOUNTS HELD IN ESCROW ARE FOR PROPERTY TAXES AND HOMEOWNER'S INSURANCE. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. IN ACCORDANCE WITH GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITION AND DOES NOT BELIEVE THE CREDIT UNION HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT TO THE FINANCIAL STATEMENTS. X X X 0 0 0 MATTHEW MCCOMBS PRESIDENT/CEO/SECRETARY 353800 0 93349 0 28625 0 17100 0 17893 0 510767 0 0 0 PETER NOHELTY CHIEF TECHNOLOGY OFFICER 194006 0 35077 0 4583 0 14107 0 6048 0 253821 0 0 0 MEGAN ANDERSON CHIEF OPERATIONS OFFICER 156712 0 24716 0 3335 0 11339 0 17795 0 213897 0 0 0 JOSH ERNST CHIEF BUSINESS OFFICER 156735 0 24157 0 3338 0 11366 0 17893 0 213489 0 0 0 JAMES ALLISON MORTGAGE LOAN OFFICER 39481 0 500 0 142267 0 11064 0 17893 0 211205 0 0 0 BRETT FLYNN MORTGAGE LOAN OFFICER 43813 0 5602 0 123426 0 10395 0 6423 0 189659 0 0 0 AARON OHLENSEHLEN AGENCY PRESIDENT 141712 0 11211 0 4051 0 9593 0 17893 0 184460 0 0 0 JONATHON SEXTON SVP CULTURE & LEADERSHIP 124254 0 12293 0 3267 0 8681 0 17893 0 166388 0 0 0 JACOB WACHENDORF DIRECTOR BRANCHES 67556 0 70478 0 6966 0 4651 0 8344 0 157995 0 0 0 TERRY BRAHM DIRECTOR/OFFICER LIFE INSURANCE POLICY X 4601151 4601151 0 1 1 MATT MCCOMBS DIRECTOR/OFFICER LIFE INSURANCE POLICY X 1212049 1212049 0 1 1 5813200 FORM 990, PART VI, SECTION A, LINE 6 VIBRANT CREDIT UNION HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A VIBRANT CREDIT UNION HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE ORGANIZATION'S CONTROLLER, AND A FINAL COPY WILL BE PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EXECUTIVES, MANAGERS, AND EMPLOYEES MUST AVOID ANY CONFLICTS OF INTEREST BETWEEN THEMSELVES AND VIBRANT CREDIT UNION. SPECIFICALLY, NO EXECUTIVE, MANAGER, OR EMPLOYEE SHALL MAKE ANY INVESTMENT, ACCEPT ANY POSITION OR BENEFITS, PARTICIPATE IN ANY TRANSACTION OR BUSINESS ARRANGEMENT OR OTHERWISE ACT IN A MANNER THAT CREATES OR APPEARS TO CREATE A CONFLICT OF INTEREST WITH VIBRANT CREDIT UNION UNLESS SUCH PERSON MAKES FULL DISCLOSURE OF ALL FACTS AND CIRCUMSTANCES TO, AND OBTAINS THE PRIOR WRITTEN APPROVAL OF THE VICE PRESIDENT OF HUMAN RESOURCES. ADDITIONALLY, VIBRANT CREDIT UNION REQUIRES ALL INTERESTED PERSONS DISCLOSE ANNUALLY ANY RELATIONSHIP THAT COULD GIVE RISE TO A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A IN JANUARY, THE EXECUTIVE COMMITTEE COMPLETES THE PRESIDENT/CEO'S ANNUAL REVIEW BASED ON TWO SECTIONS: 1. OBJECTIVE FACTORS BASED ON VIBRANT CREDIT UNION'S FINANCIAL PERFORMANCE, AND 2. SUBJECTIVE FACTORS BASED ON HOW THE EXECUTIVE COMMITTEE FEELS THE PRESIDENT/CEO HAS PERFORMED THE DUTIES AND RESPONSIBILITIES OF HIS POSITION. THIS PROCESS RESULTS IN A SUMMARY SCORE THAT IS APPLIED TO A SALARY RANGE TABLE THAT DETERMINES THE YEAR END BONUS PERCENTAGE AND ANNUAL BASE PAY INCREASE OF THE PRESIDENT/CEO. THE ENTIRE PROGRAM WAS DEVELOPED BY BAUSCHKE AND ASSOCIATES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: DEFINED BENEFIT PLAN NET ASSET 47,844. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART X, LINE 5 AND SCHEDULE L SCHEDULE L IS NOT REQUIRED FOR LOANS RECEIVABLE BALANCES ON FORM 990, PART X, LINE 5 IF THE LOANS ARE MADE BY THE CREDIT UNION TO THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ON THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. THEREFORE, THE CREDIT UNION HAS INCLUDED APPROXIMATELY $5,755,000 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2020, WITHIN FORM 990, PART X, LINE 7. VIBRANT HOLDINGS LLC 1900 52ND AVE MOLINE IL 61265 824083713 INSURANCE SERVICES IL 490069 2509061 VIBRANT CREDIT UNION YOUR INSURANCE SERVICES LLC 1900 52ND AVE MOLINE IL 61265 472114951 INSURANCE SERVICES IL 249287 296055 VIBRANT HOLDINGS LLC VIBRANT PROPERTY MANAGEMENT LLC 1900 52ND AVE MOLINE IL 61265 831611475 HOLDS RENTAL PROPERTIES IL -26505 559217 VIBRANT HOLDINGS LLC NATIONAL ESCROW SERVICES LLC 414 61ST ST DES MOINES IA 50312 450706549 TITLE COMPANY IA 286821 1215230 VIBRANT HOLDINGS LLC