IH MISSISSIPPI VALLEY CREDIT UNION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- IH MISSISSIPPI VALLEY CREDIT UNION (EIN 36-2523206)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-06
- IRS object ID
- 202523109349301137
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-06T10:30:16-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4650 EAST 53RD STREET | AddressLine1Txt |
| City | DAVENPORT | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 528073479 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362523206 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IH MISSISSIPPI VALLEY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IHMI | BusinessNameControlTxt |
| Phone | 3097936200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVER DRIVE | AddressLine1Txt |
| City | MOLINE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61265 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DARLENE M REED | PersonNm |
| Person Title | VP TREASURER | PersonTitleTxt |
| Phone | 3097936200 | PhoneNum |
| Signature | 2025-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENIFER L CHASE | PreparerPersonNm |
| PTIN | P01306883 | PTIN |
| Phone | 5638884000 | PhoneNum |
| Preparation | 2025-11-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ALLAN HOSACK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVER DRIVE | AddressLine1Txt |
| City | MOLINE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61265 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $176,799,967 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.IHMVCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE CONSUMER, MORTGAGE, AND BUSINESS LOANS AND DEPOSIT SERVICES TO OVER 147,116 MEMBERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 524 | TotalEmployeeCnt |
| Total Volunteers | 336 | TotalVolunteersCnt |
| Total Gross UBI | $1,366,692 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $330,027 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $121,963,365 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $139,062,444 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,113,202 | PYInvestmentIncomeAmt |
| CY Investment Income | $18,895,176 | CYInvestmentIncomeAmt |
| PY Other Revenue | $212,129 | PYOtherRevenueAmt |
| CY Other Revenue | $216,939 | CYOtherRevenueAmt |
| PY Total Revenue | $131,288,696 | PYTotalRevenueAmt |
| CY Total Revenue | $158,174,559 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $288,828 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $307,173 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $36,745,555 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $37,000,030 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $84,459,830 | PYOtherExpensesAmt |
| CY Other Expenses | $108,448,147 | CYOtherExpensesAmt |
| PY Total Expenses | $121,494,213 | PYTotalExpensesAmt |
| CY Total Expenses | $145,755,350 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $9,794,483 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,419,209 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,139,207,809 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,152,316,383 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,963,966,323 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,964,019,715 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $175,241,486 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $188,296,668 | NetAssetsOrFundBalancesEOYAmt |
| Mission | IH MISSISSIPPI VALLEY CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO HELPING OUR MEMBERS, OUR TEAM MEMBERS, AND OUR COMMUNITIES ALONG THEIR FINANCIAL PATH. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDE CONSIDERABLE CONSUMER, BUSINESS AND REAL ESTATE LOANS TO MEMBERS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROVIDE DEPOSITORY ACCOUNTS TO APPROXIMATELY 147,116 MEMBERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42608 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 524 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALLAN HOSACK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3097936200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVER DRIVE | AddressLine1Txt |
| City | MOLINE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61265 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KRISTIN BERRY | ||||||||
| VICE CHAIRPERSON | 2.00 | Yes (X) | Yes (X) | $2,915 | $0 | $0 | ||
| JEFF CARR | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $8,709 | $0 | $0 | |||
| TIM CONSIDINE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $6,602 | $0 | $0 | |||
| MEGAN EARLY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS CHIP IRWIN | ||||||||
| BOARD SECRETARY/TREASURER | 2.00 | Yes (X) | Yes (X) | $5,402 | $0 | $0 | ||
| SAM KUPRESIN | ||||||||
| BOARD CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $6,846 | $0 | $0 | ||
| MATT MENDANHALL | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS TERRONEZ | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LARRY WIEMERS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN LAUFENBERG | ||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $746,529 | $0 | $45,195 | |||
| ALLAN HOSACK | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $443,417 | $0 | $44,893 | |||
| ANN MCMILLIAN | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | $436,894 | $0 | $44,458 | Yes (X) | |||
| LISA MILANO | ||||||||
| CHIEF RISK MANAGEMENT OFFICER | 40.00 | $436,702 | $0 | $44,458 | Yes (X) | |||
| JULIE STICKNEY | ||||||||
| CHIEF RESOURCE OFFICER | 40.00 | $390,289 | $0 | $42,439 | Yes (X) | |||
| ROBERT ROSEMAN | ||||||||
| VP INDIRECT BUSINESS DEVELOPMENT | 40.00 | $351,816 | $0 | $30,779 | Yes (X) | |||
| AJAY SINGH | ||||||||
| SVP, LENDING | 40.00 | $290,548 | $0 | $38,027 | Yes (X) | |||
| LINDSEY RAMOS | ||||||||
| SVP, MEMBER EXPERIENCE | 40.00 | $231,574 | $0 | $35,255 | Yes (X) | |||
| DANIELLE SONS | ||||||||
| SVP, FINANCE | 40.00 | $236,590 | $0 | $35,645 | Yes (X) | |||
| JUSTIN JOHNSON | ||||||||
| SVP, SALES AND MARKETING | 40.00 | $240,010 | $0 | $35,550 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,834,843 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $396,699 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 54 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FOCUSONE NOW LLC | |||||
| 9601 JONES ROAD STE 108 | HOUSTON | TX | 77065 | BUSINESS SYSTEMS | $684,419 |
| ALACRITI PAYMENTS LLC | |||||
| 100 SOMERSET CORPORATE BLVD 2ND FL | BRIDGEWATER | NJ | 08807 | PROCESSING FEES | $490,580 |
| HEARTLAND BUSINESS SYSTEMS | |||||
| 1700 STEPHEN STREET | LITTLE CHUTE | WI | 54140 | BUSINESS SYSTEMS | $422,391 |
| HURRICANE LABS LLC | |||||
| 3401 ENTERPRISE PL STE 105 | BEACHWOOD | OH | 44122 | CYBERSECURITY | $395,996 |
| TTEC DIGITAL LLC | |||||
| 100 CONGRESS AVE STE 1425 | AUSTIN | TX | 78701 | CLOUD PHONE SERVICES | $251,418 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 23 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $105,849,888 | $105,849,888 | |
| FEE INCOME | 522100 | $28,334,623 | $28,334,623 | |
| INSURANCE COMMISSIONS | 524298 | $2,677,707 | $1,556,202 | $1,121,505 |
| OTHER PROGRAM SERVICE REVENUE | 522100 | $1,884,539 | $1,884,539 | |
| ATM SURCHARGE FEES | 522100 | $245,187 | $245,187 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,500 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $70,500 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $139,062,444 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,327,584 | TotalRevenueColumnAmt |
| Exclusion | $11,327,584 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $216,939 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $216,939 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $216,939 | TotalRevenueColumnAmt |
| Exclusion | $216,939 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,895,000 | SecuritiesAmt |
| Other | $15,298,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,157,513 | SecuritiesAmt |
| Other | $14,467,895 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,737,487 | SecuritiesAmt |
| Other | $830,105 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,567,592 | TotalRevenueColumnAmt |
| Exclusion | $7,567,592 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $158,174,559 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $137,695,752 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,366,692 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,112,115 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $278,173 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,675,276 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,487,650 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,848,717 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,775,903 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,212,484 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,588 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $415,136 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,682,394 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,413,529 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,660,888 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,825,317 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,365,948 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $615,566 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,714,995 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,497,373 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| INCOME TAX EXPENSE | $92,237 |
| DIVIDENDS PAID TO MEMBE | $46,109,439 |
| PROVISION FOR LOAN LOSS | $24,179,630 |
| VISA CARD EXPENSES | $6,329,683 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,339,424 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,755,350 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,922,687 | BOYAmt |
| EOY | $79,215,897 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,009,538 | BOYAmt |
| EOY | $28,786,445 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,371,308 | BOYAmt |
| EOY | $17,371,308 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,664,539,890 | BOYAmt |
| EOY | $1,749,677,043 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,322,230 | BOYAmt |
| EOY | $6,848,064 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $80,584,921 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $26,398,964 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,637,186 | BOYAmt |
| EOY | $54,185,957 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,979,801 | BOYAmt |
| EOY | $164,259,337 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,229,645 | BOYAmt |
| EOY | $26,829,746 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,829,267 | BOYAmt |
| EOY | $1,734,667 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,366,257 | BOYAmt |
| EOY | $23,407,919 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,139,207,809 | BOYAmt |
| EOY | $2,152,316,383 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,419,845 | BOYAmt |
| EOY | $17,857,931 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,620 | BOYAmt |
| EOY | $41,216 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,000,000 | BOYAmt |
| EOY | $42,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,815,502,858 | BOYAmt |
| EOY | $1,904,120,568 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,963,966,323 | BOYAmt |
| EOY | $1,964,019,715 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,241,486 | BOYAmt |
| EOY | $188,296,668 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,241,486 | BOYAmt |
| EOY | $188,296,668 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,139,207,809 | BOYAmt |
| EOY | $2,152,316,383 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $12,419,209 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $635,973 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $15,000 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $15,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $15,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNION PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1807 W DIEHL ROAD PO BOX 3107 | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 605667107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 361255150 | EIN |
| Paid Internal Funds | $15,000 | PaidInternalFundsAmt |
| Contributions Rcvd Dlvr | $0 | ContributionsRcvdDlvrAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | IH MISSISSIPPI VALLEY CREDIT UNION MADE A $15,000 POLITICAL ACTION COMMITTEE CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC) TO SUPPORT CREDIT UNION ISSUES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,670,587 | OtherCostOrOtherBasisAmt |
| Book Value | $12,670,587 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,850,275 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,597,668 | DepreciationAmt |
| Book Value | $34,252,607 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,867,911 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,801,296 | DepreciationAmt |
| Book Value | $7,066,615 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $196,148 | OtherCostOrOtherBasisAmt |
| Book Value | $196,148 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $54,185,957 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER SHARES AND CERTIFICATES | $1,900,139,848 |
| OUTSTANDING CHECKS | $3,980,720 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,904,120,568 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | IH MISSISSIPPI VALLEY CREDIT UNION HOLDS ESCROW ACCOUNTS FOR ITS MEMBERS IN WHICH IT PAYS FOR ITEMS LIKE PRIVATE MORTGAGE INSURANCE, REAL ESTATE TAXES, AND HOMEOWNERS INSURANCE. |
| PART X, LINE 2: | IH MISSISSIPPI VALLEY CREDIT UNION (THE CREDIT UNION) IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024 AND 2023. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE INCOME FROM THE CUSO, ORGANIZED AS AN LLC, FLOWS THROUGH TO THE CREDIT UNION, AND THEREFORE, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES OTHER THAN UNRELATED BUSINESS INCOME TAX. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CREDIT UNION NATIONAL ASSOCIATION | ||||||||
| 4703 MADISON YARDS WAY SUITE 300 | MADISON | WI | 53705 | 237065623 | 501(C)(6) | $15,000 | $0 | CORPORATE DONATION |
| ILLINOIS CREDIT UNION LEAGUE | ||||||||
| 1807 W DIEHL ROAD | NAPERVILLE | IL | 60563 | 363304223 | 501(C)(6) | $21,000 | $0 | CORPORATE DONATION |
| BOYS AND GIRLS CLUBS OF THE MISSISSIPPI VALLEY INC | ||||||||
| 1122 5TH AVE | MOLINE | IL | 61265 | 363838421 | 501(C)(3) | $12,500 | $0 | CORPORATE DONATION |
| QUAD CITY VETERAN OUTREACH | ||||||||
| 4515 N FAIRMOUNT STREET | DAVENPORT | IA | 52803 | 183541588 | 501(C)(3) | $25,250 | $0 | CORPORATE DONATION |
| RIVER BEND FOOD BANK | ||||||||
| 4010 KIMMEL DR | DAVENPORT | IA | 52802 | 363147342 | 501(C)(3) | $15,000 | $0 | CORPORATE DONATION |
| DAVENPORT COMMUNITY SCHOOL DISTRICT | ||||||||
| 1702 N MAIN ST | DAVENPORT | IA | 52803 | 426001350 | CITY OF DAVENPORT | $9,050 | $0 | CORPORATE DONATION |
| YWCA | ||||||||
| 513 17TH ST | ROCK ISLAND | IL | 61201 | 362171176 | 501(C)(3) | $8,000 | $0 | CORPORATE DONATION |
| YMCA OF THE IOWA MISSISSIPPI VALLEY | ||||||||
| 630 E 4TH ST | DAVENPORT | IA | 52801 | 420703278 | 501(C)(3) | $5,500 | $0 | CORPORATE DONATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 12 | RecipientCnt |
| Cash Grant | $29,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IH MISSISSIPPI VALLEY CREDIT UNION (THE CREDIT UNION) PROVIDES GRANTS TO ORGANIZATIONS THAT THEY KNOW AND TRUST AND VET ORGANIZATIONS THAT THEY ARE NOT FAMILIAR WITH. THE FUNDS ARE USED AT THE RECIPIENT ORGANIZATIONS' DISCRETION. THIS INCLUDES THE RECIPIENTS OF THE FHLB ACCELERATE GRANTS DURING THE YEAR. THE CREDIT UNION PAYS ALL STUDENT SCHOLARSHIPS DIRECTLY TO THE SCHOOL OF THE STUDENT'S CHOICE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIAN LAUFENBERG | ||||||||||||||
| PRESIDENT/CEO | $538,343 | $0 | $166,158 | $0 | $42,028 | $0 | $24,150 | $0 | $21,045 | $0 | $791,724 | $0 | $0 | $0 |
| ALLAN HOSACK | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $336,182 | $0 | $86,831 | $0 | $20,404 | $0 | $24,150 | $0 | $20,743 | $0 | $488,310 | $0 | $0 | $0 |
| ANN MCMILLIAN | ||||||||||||||
| CHIEF OPERATING OFFICER | $323,742 | $0 | $86,831 | $0 | $26,321 | $0 | $24,150 | $0 | $20,308 | $0 | $481,352 | $0 | $0 | $0 |
| LISA MILANO | ||||||||||||||
| CHIEF RISK MANAGEMENT OFFICER | $322,793 | $0 | $86,831 | $0 | $27,078 | $0 | $24,150 | $0 | $20,308 | $0 | $481,160 | $0 | $0 | $0 |
| JULIE STICKNEY | ||||||||||||||
| CHIEF RESOURCE OFFICER | $300,188 | $0 | $73,109 | $0 | $16,992 | $0 | $21,922 | $0 | $20,517 | $0 | $432,728 | $0 | $0 | $0 |
| ROBERT ROSEMAN | ||||||||||||||
| VP INDIRECT BUSINESS DEVELOPMENT | $136,509 | $0 | $214,754 | $0 | $553 | $0 | $10,306 | $0 | $20,473 | $0 | $382,595 | $0 | $0 | $0 |
| AJAY SINGH | ||||||||||||||
| SVP, LENDING | $225,073 | $0 | $57,108 | $0 | $8,367 | $0 | $17,150 | $0 | $20,877 | $0 | $328,575 | $0 | $0 | $0 |
| JUSTIN JOHNSON | ||||||||||||||
| SVP, SALES AND MARKETING | $187,888 | $0 | $37,108 | $0 | $15,014 | $0 | $14,323 | $0 | $21,227 | $0 | $275,560 | $0 | $0 | $0 |
| DANIELLE SONS | ||||||||||||||
| SVP, FINANCE | $196,122 | $0 | $40,108 | $0 | $360 | $0 | $14,618 | $0 | $21,027 | $0 | $272,235 | $0 | $0 | $0 |
| LINDSEY RAMOS | ||||||||||||||
| SVP, MEMBER EXPERIENCE | $191,486 | $0 | $36,208 | $0 | $3,880 | $0 | $14,317 | $0 | $20,938 | $0 | $266,829 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | IN TAX YEAR 2024, IH MISSISSIPPI VALLEY CREDIT UNION (THE CREDIT UNION) INCURRED GOLF MEMBERSHIP DUES FOR LISA MILANO, BRIAN LAUFENBERG, ANN MCMILLAN, AJAY SINGH, AND JUSTIN JOHNSON. THE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. IN TAX YEAR 2024, THE CREDIT UNION REIMBURSED CERTAIN TRAVEL EXPENSES FOR THE COMPANIONS OF BRIAN LAUFENBERG, TIM CONSIDINE, SAM KUPRESIN, CHIP IRWIN, AND KRISTIN BERRY. THE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| BRIAN LAUFENBERG | |||||||
| OFFICER | COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY | Yes (X) | $10,960,000 | $11,702,815 | 0 | Yes (1) | Yes (1) |
| ANN MCMILLIAN | |||||||
| KEY EMPLOYEE | COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY | Yes (X) | $1,680,000 | $1,966,855 | 0 | Yes (1) | Yes (1) |
| LISA MILANO | |||||||
| KEY EMPLOYEE | COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY | Yes (X) | $1,003,363 | $1,171,461 | 0 | Yes (1) | Yes (1) |
| ALLAN HOSACK | |||||||
| OFFICER | COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY | Yes (X) | $2,277,784 | $2,530,177 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $17,371,308 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | IH MISSISSIPPI VALLEY CREDIT UNION HAS MEMBERS AS SPECIFIED BY ITS BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 7A | IH MISSISSIPPI VALLEY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | IH MISSISSIPPI VALLEY CREDIT UNION MEMBERS HAVE THE POWER TO APPOINT AND REMOVE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE CHIEF FINANCIAL OFFICER BEFORE IT WAS FILED. THE CFO, ALLAN HOSACK, REVIEWED THE FORM 990 BEFORE IT WAS FILED. THE FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS OF IH MISSISSIPPI VALLEY CREDIT UNION FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT AND OTHER KEY EMPLOYEE'S COMPENSATION BASED UPON COMPARATIVE MARKET RESEARCH AND SALARY INFORMATION. THE COMPENSATION OF THE OTHER HIGH LEVEL OFFICERS AND KEY EMPLOYEES IS BASED UPON COMPENSATION SURVEYS. AN OUTSIDE CONSULTING FIRM PRESENTS ALL DATA AND LEADS THE CONVERSATION DURING THE COMPENSATION COMMITTEE MEETING. ONCE THE COMPENSATION IS DETERMINED, THE DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN BOARD MINUTES AND BY THE CONSULTING FIRM. THE COMPENSATION MEETINGS ARE HELD IN DECEMBER OF EACH YEAR, FOR CHANGES TO BE EFFECTIVE IN THE FOLLOWING JANUARY. THIS PROCESS LAST OCCURRED IN DECEMBER 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | IH MISSISSIPPI VALLEY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104(D). |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE THE PRIOR TAX YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| MEMBERS FINANCIAL LLC | |||||||||
| 2500 RIVER DRIVE | MOLINE | IL | 61265 | 320091317 | HOLDING COMPANY | IL | $2,100 | $3,893,903 | IH MISSISSIPPI VALLEY CREDIT UNION |
| MEMBERS PROPERTY MANAGEMENT LLC | |||||||||
| 2500 RIVER DRIVE | MOLINE | IL | 61265 | 260224070 | PROPERTY MANAGEMENT | IL | $282,975 | $2,798,854 | MEMBERS FINANCIAL LLC |
| MEMBERS INSURANCE SERVICES LLC | |||||||||
| 2500 RIVER DRIVE | MOLINE | IL | 61265 | 320091314 | INSURANCE | IL | $1,051,005 | $1,049,074 | MEMBERS FINANCIAL LLC |
| MEMBERS AUTO SOLUTIONS | |||||||||
| 2500 RIVER DRIVE | MOLINE | IL | 61265 | 854085855 | AUTO SOLUTIONS | IL | $1,395,364 | $148,546 | MEMBERS FINANCIAL LLC |