2025-09-22T08:44:52+00:00 2024-12-31 331498605 Plante & Moran PLLC 2601 CAMBRIDGE CT SUITE 300 AUBURN HILLS MI 48326 990 2024-01-01 381497358 VIBE CREDIT UNION VIBE 2487359500 44575 W TWELVE MILE RD NOVI MI 48377 HEATHER THOMPSON CONTROLLER 2025-09-22 true DAVID LOWENTHAL CPA P00378651 2483757100 2025-09-17 2024 2025-03-06 01:10:19Z CHAZ RZEWNICKI 44575 W TWELVE MILE RD NOVI MI 48377 88406557 false X WWW.VIBECREDITUNION.COM X 1953 MI PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND 10 10 298 11 52413 0 0 0 63207693 70447528 7162535 16970340 0 0 70370228 87417868 154065 186457 0 0 23216485 25042546 0 0 0 39340206 57060957 62710756 82289960 7659472 5127908 1234661523 1316659640 1112162841 1187498638 122498682 129161002 TO ENHANCE THE FINANCIAL WELL-BEING OF OUR MEMBERS false false PROVIDE 75,484 MEMBERS WITH REGULAR SAVINGS, CHECKING, MONEY MARKETS, BUSINESS SAVINGS, IRA SAVINGS AND CERTIFICATES OF DEPOSIT ACCOUNTS TOTALING 173,228. PROVIDE 44,051 LOANS INCLUDING VEHICLE, RECREATIONAL VEHICLE, LINES OF CREDIT, CREDIT CARDS, HOME EQUITY, MORTGAGE, BUSINESS, SIGNATURE AND SHARED SECURED LOANS. OFFER AUTOMATED TELLER MACHINES (ATMS), DEBIT CARD, HOME BANKING, BILL PAYMENTS, COURTESY PAY, AND VARIOUS INSURANCE PRODUCTS TO OUR MEMBERSHIP. 0 false false false false false false false false false false true true false false true false true false false false false false false false false false false true false true false false false false false true false false false false false false false false false false false false false false true 20281 0 true 298 true true true false false false false false true false X 10 10 false false false false true true true true true false true true false true true true true true true true false false X ERIC HEINRICH 2487359500 44575 W TWELVE MILE ROAD NOVI MI 48377 Arthur Frasca Board Secretary 2.0 0.0 X X 0 0 0 Gaia Piir Board Chariperson 4.0 0.0 X X 2900 0 0 Stanley Moore Board Treasurer 2.0 0.0 X X 2256 0 0 Stephen Westbrooks Vice Chairperson 2.0 0.0 X X 3161 0 0 Christa Murphy Director 1.0 0.0 X 880 0 0 Colleen Barton Director 1.0 0.0 X 0 0 0 Douglas Williams Director 1.0 0.0 X 4092 0 0 Jenna Romain Director 1.0 0.0 X 0 0 0 Marilyn Baker THRU 101524 Director 1.0 0.0 X 2914 0 0 Michael Ivanics Director 1.0 0.0 X 3672 0 0 Michelle Saunders Director 1.0 0.0 X 0 0 0 Chaz Rzewnicki President/CEO 37.5 0.0 X 1033418 0 58446 Eric Heinrich Chief Financial Officer 37.5 0.0 X 345025 0 49056 Caitrina Slavey thru 111524 Chief Risk Officer 37.5 0.0 X 273082 0 34626 Jeffrey Pascoe Chief Data and Digital Officer 37.5 0.0 X 337743 0 49428 Jennifer Bleau Chief Brand and Growth Officer 37.5 0.0 X 256632 0 45663 Jennifer Woessner Chief Talent Officer 37.5 0.0 X 290828 0 32512 Robin Thompson Chief Operations Officer 37.5 0.0 X 310470 0 44999 Steven Smith Chief Information Officer 37.5 0.0 X 292044 0 40985 Teresa DiGaetano Chief Credit Officer 37.5 0.0 X 289195 0 42781 David Ciborowski thru 111524 Facilities Manager 37.5 0.0 X 210796 0 29661 Gary Mark Hurt Director of Technical Systems 37.5 0.0 X 150496 0 28942 Jay Hefel Director of Business Intelligence and Digital 37.5 0.0 X 177193 0 37250 Justina Casillas Director of Talent and Development 37.5 0.0 X 159377 0 24175 Michael Lieberman Director of Commercial Lending 37.5 0.0 X 230224 0 35671 4376398 0 554195 25 false true false CO-OP SOLUTIONS 9692 HAVEN AVE STE 300 RANCHO CUCAMONGA CA 91730 SHARED BRANCHING, ATM NETWORK, DEBIT CARDS 2403737 Digital First Holdings LLC 864 Spring Street NW Atlanta GA 30308 Online Banking, Mobile Deposit 1261919 BUTLER ROWSE-OBERLE PLLC 24525 HARPER AVE ST CLAIR SHORES MI 48080 Legal Services 724789 CORELATION 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92105 CORE SYSTEM AND PROCESSING 700108 Informa Business Systems Inc 5170 Hartshorn Dr Flushing MI 484332317 ATM/Servicing 450560 35 0 LOAN INTEREST 522100 51417217 51417217 FEES & OTHER INCOME 522100 19030311 18977898 52413 0 0 0 0 70447528 16180813 16180813 0 0 1778216 988689 0 789527 789527 789527 0 0 0 0 0 0 87417868 87365455 52413 0 186457 3846808 13933489 1745837 4178402 1338010 224232 186000 0 1501935 2333270 3488930 2125201 425638 638457 26834033 2513125 422781 COLLECTION/LOAN SERVICE 4892323 PROVISION FOR LOAN LOSS 5786329 FRAUD EXPENSES 738607 EXAMINATION FEES 175200 4774896 82289960 6195280 6850502 96078647 103771446 13839682 22461580 0 405587 0 0 861690089 878483454 2076930 2262478 48221148 18368297 31675183 29852851 194099760 242514545 0 1435450 922453 27570502 29134744 1234661523 1316659640 4503160 3880719 1546123 0 0 1106113558 1183617919 1112162841 1187498638 X 122498682 129161002 122498682 129161002 1234661523 1316659640 X 5127908 1470351 64061 X false true true false 7969561 7969561 28591579 9911378 18680201 723315 710258 13057 10259036 7746661 2512375 677657 677657 29852851 Closely-held equity interests Financial derivatives FEDERAL AGENCY SECURITIES AFS 219838337 F CERTIFICATES OF DEPOSIT 3479000 C PAID IN CAPITAL- ALLOYA CORP FCU 2710000 C FHLB STOCK 6300000 C NCUA CENTRAL LIQUIDITY FUND 2905891 C INVESTMENT IN CUSOS 7281317 C 242514545 Federal Income Taxes OTHER LIABILITIES 4636587 POST RETIREMENT OBLIGATIONS 1067759 MEMBER SHARE ACCOUNTS 1177913573 1183617919 89425042 1470351 577059 2047410 87377632 40236 40236 87417868 82762722 512997 512997 82249725 40235 40235 82289960 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 POSTRETIREMENT HEALTHCARE PLAN - 64062 CORE DEPOSIT INTANGIBLE - 512997 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements REMOTE DEPOSIT CAPTURE EXPENSE - 40236 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 CORE DEPOSIT INTANGIBLE - 512997 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements REMOTE DEPOSIT CAPTURE EXPENSE - 40235 true MSU Tollgate Farm & Education Center 28115 Meadowbrook Rd Novi MI 48377 386005984 GOV 6500 PUMPKINFEST SPONSOR 911 Day 5151 California Avenue Suite 100 Irvine CA 92617 450491886 501(C)(3) 10000 GENERAL ASSISTANCE Disaster Relief at Work (DRAW) 1556 N Telegraph Pontiac MI 48340 454900831 501(C)(3) 10000 GENERAL ASSISTANCE Habitat for Humanity Oakland County 150 Osmun St Pontiac MI 48342 383244099 501(C)(3) 49756 GENERAL ASSISTANCE Haven of Oakland County 801 Vanguard Dr Pontiac MI 48341 382426175 501(C)(3) 6000 GENERAL ASSISTANCE Humble Design 21420 Melrose Ave Southfield MI 48075 270410088 501(C)(3) 22000 GENERAL ASSISTANCE Lighthouse of Oakland County 46156 Woodward Ave Pontiac MI 48342 382847849 501(C)(3) 32500 GENERAL ASSISTANCE Metro Food Rescue 6928 E Knollwood Circle West Bloomfield MI 48322 851902179 501(C)(3) 25880 GENERAL ASSISTANCE 8 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds VIBE CREDIT UNION DONATES TO 501(C)(3) ORGANIZATIONS THAT FALL WITHIN STRATEGICALLY AND ORGANIZATIONALLY DEFINED PILLARS OF COMMUNITY SUPPORT. APPROVED REQUESTS FOLLOW A 501(C)(3) VERIFICATION ONBOARDING PROCESS. APPROVED DONATIONS ARE MONITORED BY OUR FOUNDATION AND COMMUNITY ENGAGEMENT DIRECTOR, AND AN INFORMATIONAL REPORT IS PROVIDED TO THE BOARD OF DIRECTORS ANNUALLY. X X true true X X X true true false Chaz Rzewnicki President/CEO 662479 0 335000 0 35939 0 31988 0 26458 0 1091864 0 0 0 Eric Heinrich Chief Financial Officer 249085 0 82250 0 13690 0 27194 0 21862 0 394081 0 0 0 Robin Thompson Chief Operations Officer 232600 0 63079 0 14791 0 25307 0 19692 0 355469 0 0 0 Teresa DiGaetano Chief Credit Officer 218222 0 54634 0 16339 0 24370 0 18411 0 331976 0 0 0 Steven Smith Chief Information Officer 221097 0 54618 0 16329 0 22363 0 18622 0 333029 0 0 0 Jeffrey Pascoe Chief Data and Digital Officer 226116 0 94825 0 16802 0 27478 0 21950 0 387171 0 0 0 Jennifer Woessner Chief Talent Officer 188066 0 88475 0 14287 0 11082 0 21430 0 323340 0 0 0 Caitrina Slavey thru 111524 Chief Risk Officer 243252 0 16962 0 12868 0 16399 0 18227 0 307708 0 0 0 Jennifer Bleau Chief Brand and Growth Officer 193172 0 52500 0 10960 0 22119 0 23544 0 302295 0 0 0 Michael Lieberman Director of Commercial Lending 174692 0 55348 0 184 0 12161 0 23510 0 265895 0 0 0 David Ciborowski thru 111524 Facilities Manager 203782 0 6343 0 671 0 7810 0 21851 0 240457 0 0 0 Jay Hefel Director of Business Intelligence and Digital 140997 0 36089 0 107 0 14847 0 22403 0 214443 0 0 0 Justina Casillas Director of Talent and Development 125887 0 33250 0 240 0 14269 0 9906 0 183552 0 0 0 Gary Mark Hurt Director of Technical Systems 129607 0 20291 0 598 0 6088 0 22854 0 179438 0 0 0 Schedule J, Part I, Line 1a Travel for companions THE BOARD OF DIRECTORS CAN RECEIVE REIMBURSEMENT OF FLIGHT, MEALS, AND REGISTRATION FEES FOR TRAVELING COMPANIONS. THIS IS TREATED AS A TAXABLE BENEFIT AND 1099'S ARE ISSUED FOR REIMBURSEMENTS FOR THE YEAR TOTALING OVER $600. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments PAID BOARD MEMBERS GROSS-UP PAYMENTS OF 30% FOR THE COMPANION TO OFFSET THE BENEFIT AND 1099'S ARE ISSUED FOR REIMBURSEMENTS FOR THE YEAR TOTALING OVER NONEMPLOYEE COMPENSATION INCURRED TAX LIABILITY. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE CREDIT UNION HIRES A THIRD-PARTY (HUMANIDEI) AS AN INDEPENDENT COMPENSATION CONSULTANT TO LOOK AT MARKET VALUES. THE CEO IS UNDER A WRITTEN EMPLOYMENT CONTRACT. HUMANIDEI UTILIZED A COMPENSATION SURVEY AND IT WAS APPROVED BY THE BOARD OF DIRECTORS. Schedule J, Part I, Line 4a Severance or change-of-control payment DAVID CIBOROWSKI RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $119,737.55. CAITRINA SLAVEY RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $75,000. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND RECEIVED A DISTRIBUTION FROM OR HAD AMOUNTS VEST IN THE PLAN: THOMAS REAGAN - $29,940 THE FOLLOWING INDIVIDUALS PARTICATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN BUT DID NOT RECEIVE A DISTRIBUTION OR HAVE AN AMOUNT VEST IN THE PLAN. INDIVIDUALS BECOME VESTED IN THE PLAN IF THE PARTICIPANT REMAINS CONTINUOUSLY EMPLOYED WITH THE CREDIT UNION DURING THE SERVICE PERIOD: TERESA DIGAETANO JEFFREY PASCOE CAITRINA SLAVEY STEVEN SMITH JENNIFER WOESSNER CHAZ RZEWNICKI ROBIN THOMPSON ERIC HEINRICH JENNIFER BLEAU THE CREDIT UNION HAS A SPLIT DOLLAR PLAN IN PLACE FOR THE FORMER PRESIDENT AND CEO, ALLAN MCMORRIS. THE CREDIT UNION MAKES A LOAN TO THE EXECUTIVE WHO BUYS A LIFE INSURANCE POLICY THAT CREATES A FUND FROM WHICH THE EXECUTIVE BORROWS TAX-FREE TO SUPPLEMENT RETIREMENT INCOME. FULL VESTING OF THIS ACCOUNT IS ACHIEVED IF FULL EMPLOYMENT IS MAINTINED TO VESTING DATE OR TERMINATION OF EMPLOYMENT DUE TO DISABILITY, INVOLUNTARY TERMINATION WITHOUT CAUSE, DEATH, OR A CHANGE IN CONTROL GREATER THAN 50% OF THE OWNERSHIP INTERESTS IN THE CREDIT UNION. THE LOAN RELATED TO THIS PLAN IS SHOWN ON SCHEDULE L. ALLAN MCMORRIS RETIRED PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE AGREEMENT X 615957 405587 false true true 405587 Form 990, Part VI, Line 6 Classes of members or stockholders THE CREDIT UNION HAS 75,454 MEMBERS AS OF DECEMBER 31, 2024. EACH MEMBER HAS ONE $5.00 SHARE IN THE CREDIT UNION. THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS IS ELECTED BASED ON AN OPEN BALLOT FOR 3-YEAR TERMS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE BOARD OF DIRECTOR ELECTIONS, MERGER INTO ANOTHER CREDIT UNION, AND CHARTER CHANGES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE PRESIDENT/CEO APPROVES OUR ANNUAL FORM 990. THE RETURNS ARE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW UPON REQUEST. Form 990, Part VI, Line 12c Conflict of interest policy ON AN ANNUAL BASIS, ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THE CREDIT UNION MUST ATTEST THAT THEY HAVE NO CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE AUDIT COMMITTEE AND THE FULL BOARD TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. BOARD MEMBERS WITH A CONFLICT OF INTEREST WILL BE EXCUSED FROM PARTICIPATING IN DELIBERATIONS AND VOTING ON TRANSACTION(S) WHERE THE CONFLICT(S) EXIST. Form 990, Part VI, Line 15a Process to establish compensation of top management official SALARY IS BASED ON CREDIT UNION PRESIDENT/CEO SALARY SURVEYS AND DETERMINED BY THE CREDIT UNION SIZE, COMPLEXITY, AND PERFORMANCE. THE CREDIT UNION USES INDUSTRY RELATED SURVEYS OBTAINED BY A THIRD PARTY (BALANCED COMP). THE BOARD'S HR COMMITTEE DETERMINES AND SETS THE PRESIDENT/CEO SALARY. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CHIEF OF TALENT OFFICER PREPARES AND CONDUCTS THE EVALUATION PROCESS FOR KEY EMPLOYEES, WITH FINAL REVIEW PERFORMED BY THE PRESIDENT/CEO. THOSE SALARIES ARE BASED ON AN AVAILABLE SALARY SURVEY FROM A THIRD PARTY (BALANCED COMP) AND ARE PERFORMANCE BASED. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION BRANCH LOBBIES. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. Form 990, Part X, Line 5 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 $1,554,332 AND $1,423,885 OF RECEIVABLES FROM CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR 2024 AND 2023, RESPECTIVELY, WITHIN FORM 990, PART X, LINE 7. Form 990, Part XI, Line 9 Other changes in net assets or fund balances POSTRETIREMENT HEALTH CARE PLAN - 64061;