2025-11-17T10:28:59-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 366068452 VIBRANT CREDIT UNION VIBR 8003235109 6600 44TH AVE MOLINE IL 61265 MATTHEW MCCOMBS PRESIDENT/CEO 8003235109 2025-11-17 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-17 2024 2025-03-06 01:10:19Z MATTHEW MCCOMBS 6600 44TH AVE MOLINE IL 61265 143411535 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 9 231 10 1721843 478454 0 0 39809739 57093628 2641002 4261768 4857971 1224609 47308712 62580005 0 0 0 0 17613724 16041419 0 0 0 34349416 53160892 51963140 69202311 -4654428 -6622306 1054150884 1104791586 988955075 1045957287 65195809 58834299 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 24,500. PROVIDED DEPOSITORY SERVICES TO APPROXIMATELY 60,200 MEMBERS. PROVIDED CREDIT CARD SERVICES TO APPROXIMATELY 12,500 ACCOUNTS. 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 25485 0 1 231 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 1 0 X MATTHEW MCCOMBS 8003235109 6600 44TH AVE MOLINE IL 61265 MARK COOPER DIRECTOR 1.00 X 0 0 0 KIMBERLY DAVISON DIRECTOR 1.00 X 0 0 0 NICK KREMER CHAIRMAN 1.00 X X 0 0 0 ANDRES PASANTES DIRECTOR 1.00 X 0 0 0 MICHAEL PEASE DIRECTOR 1.00 X 0 0 0 JAMES JIM ED POGUE DIRECTOR 1.00 X 0 0 0 TIM SCARLETT DIRECTOR 1.00 X 0 0 0 BOB SWIFT VICE CHAIRMAN 1.00 X X 0 0 0 NICK TARPEIN FORMER CHAIRMAN 1.00 X X 0 0 0 JULIE VERHEECKE SECRETARY/TREASURER 1.00 X X 0 0 0 MATTHEW MCCOMBS PRESIDENT/CEO 40.00 X 510965 0 58289 KEVIN PETERSON FORMER CFO (UNTIL 4/30/24) 40.00 X 78352 0 16513 SUSIE ANN JOHNSON FORMER CFO (UNTIL 11/12/24) 40.00 X 67602 0 8511 MEGAN ANDERSON CHIEF MARKETING OFFICER 40.00 X 241113 0 47563 PETER NOHELTY CHIEF TECHNOLOGY OFFICER 40.00 X 199475 0 21216 AMY HENDERSON CHIEF LENDING OFFICER 40.00 X 243331 0 45734 MARSHA WOLFF CHIEF OPERATING OFFICER 40.00 X 221802 0 43761 JAMIE COLLIER VP PAYMENT DEPOSIT 40.00 X 153890 0 33185 TRISTA BEISE SVP RISK, LEGAL, AND COMPLIANCE 40.00 X 147721 0 40660 HOLLY DANIER SVP MARKETING 40.00 X 146789 0 36223 CALE VANGENDEREN SVP LOAN PROGRAMS 40.00 X 155523 0 43987 TIFFANY HAEDT EXECUTIVE OFFICER 40.00 X 133939 0 41646 2300502 0 437288 22 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 BANKING SOFTWARE AND SERVICE 3365476 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY STE 120 PLANO TX 75024 BANKING SOFTWARE AND SERVICE 669253 LIGHTEDGE SOLUTIONS INC PO BOX 874074 KANSAS CITY MO 64187 DATA CENTER 639828 FIVE9 INC 4000 EXECUTIVE PARKWAY 400 SAN RAMON CA 94583 PHONE SERVICES 286171 FINTECHOS LLC 8 THE GREEN STE R DOVER DE 19901 SOFTWARE 200000 12 LOANS INTEREST 522100 39975328 39975328 LOAN FEES 522100 6998814 6998814 FEE INCOME 522100 5313754 5313754 OVERDRAFT CHARGES 522100 2684220 2684220 ATM FEES 522100 58217 23804 34413 2063295 1481332 581963 57093628 6074551 6074551 119142 0 119142 119142 119142 77889000 79701783 -1812783 -1812783 -1812783 2235214 1129747 1105467 1105467 62580005 56477252 1721843 4380910 1804227 11029411 561043 1602240 1044498 471541 425756 1309081 1513038 572577 2572874 1474930 77245 5461111 2385974 INCOME TAX EXPENSE 162072 DIVIDENDS PAID TO MEMBE 19034333 PROVISION FOR LOAN LOSS 9048138 SERVICE CHARGES & VISA 5626920 3025302 69202311 7810328 5686969 58111133 48755766 13087706 7883416 784695235 838669781 125937 155531 7380962 7736172 44271260 9500893 38683981 34770367 117034112 127578306 27221490 33555278 1054150884 1104791586 187224551 162924623 878503 528656 800852021 882504008 988955075 1045957287 X 0 0 0 0 65195809 58834299 65195809 58834299 1054150884 1104791586 X -6622306 309539 -48743 X X 0 1 X 1 0 0 1 X 3376795 3376795 31467631 4479323 26988308 8897608 4709578 4188030 529226 311992 217234 34770367 MORTGAGE LOANS INVESTMENT 119929087 C FEDERAL HOME LOAN BANK STOCK 7649219 C 127578306 MEMBERS' DEPOSITS ACCOUNTS 828936761 NONMEMBER CERTIFICATES OF DEPOSIT 53567247 882504008 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: VIBRANT CREDIT UNION (THE CREDIT UNION) IS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF THE INTERNAL REVENUE CODE AND STATES OF ILLINOIS AND IOWA TAX LAWS. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS PRODUCES THE RISK THAT CERTAIN SOURCES OF INCOME ARE NOT RELATED TO THE EXEMPT PURPOSE OF A STATE-CHARTERED CREDIT UNION AND ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE CREDIT UNION FILES INCOME TAX RETURNS FOR ITS UNRELATED BUSINESS INCOME. IN THE OPINION OF MANAGEMENT, ANY FURTHER LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. MANAGEMENT HAS EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THEY HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. X 1 1 X X X X 0 0 0 MATTHEW MCCOMBS PRESIDENT/CEO 510605 0 0 0 360 0 20700 0 37589 0 569254 0 0 0 AMY HENDERSON CHIEF LENDING OFFICER 242503 0 0 0 828 0 15000 0 30734 0 289065 0 0 0 MEGAN ANDERSON CHIEF MARKETING OFFICER 240753 0 0 0 360 0 15000 0 32563 0 288676 0 0 0 MARSHA WOLFF CHIEF OPERATING OFFICER 221304 0 0 0 498 0 12692 0 31069 0 265563 0 0 0 PETER NOHELTY CHIEF TECHNOLOGY OFFICER 197632 0 0 0 1843 0 11959 0 9257 0 220691 0 0 0 CALE VANGENDEREN SVP LOAN PROGRAMS 155187 0 0 0 336 0 9900 0 34087 0 199510 0 0 0 TRISTA BEISE SVP RISK, LEGAL, AND COMPLIANCE 147408 0 0 0 313 0 9327 0 31333 0 188381 0 0 0 JAMIE COLLIER VP PAYMENT DEPOSIT 153566 0 324 0 0 0 9600 0 23585 0 187075 0 0 0 HOLLY DANIER SVP MARKETING 146470 0 0 0 319 0 8885 0 27338 0 183012 0 0 0 TIFFANY HAEDT EXECUTIVE OFFICER 133512 0 0 0 427 0 8600 0 33046 0 175585 0 0 0 PART I, LINE 1A HEALTH CLUB DUES: THIS BENEFIT IS PROVIDED TO MATTHEW MCCOMBS, CHIEF EXECUTIVE OFFICER, OF VIBRANT CREDIT UNION. THE FAIR MARKET VALUE OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. MATTHEW MCCOMBS OFFICER COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 3812049 4247116 0 1 1 PETER NOHELTY KEY EMPLOYEE COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 3450000 3636300 0 1 1 7883416 FORM 990, PART VI, SECTION A, LINE 6 VIBRANT CREDIT UNION HAS MEMBERS AS PROVIDED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A VIBRANT CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B VIBRANT CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT AND REMOVE THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER, AND A FINAL COPY WILL BE PROVIDED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST WHICH IS UNACCEPTABLE IS BROADLY DEFINED AS AN INSIDER TAKING ADVANTAGE OF THEIR UNIQUE POSITION FOR PERSONAL GAIN AT THE EXPENSE OF THE CREDIT UNION. INSIDERS ARE BROADLY DEFINED AS BOARD MEMBERS, COMMITTEE MEMBERS, MANAGEMENT, STAFF, AND SUBSTANTIAL THIRD PARTY VENDORS, AND ARE MORE THOROUGHLY DEFINED BELOW. THE TEST FOR DETERMINING WHO IS AN INSIDER REQUIRES THE FOLLOWING TWO BASIC ELEMENTS: - THE EXISTENCE OF A RELATIONSHIP GIVING ACCESS, DIRECTLY OR INDIRECTLY TO INFORMATION INTENDED TO BE AVAILABLE ONLY FOR A CORPORATE PURPOSE AND NOT FOR THE PERSONAL BENEFIT OF ANYONE. - THE INHERENT UNFAIRNESS INVOLVED WHERE AN INSIDER TAKES ADVANTAGE OF SUCH INFORMATION KNOWING IT IS UNAVAILABLE TO THOSE WITH WHOM HE/SHE IS DEALING. TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST, IT WILL BE NECESSARY FOR EVERY INSIDER TO PROVIDE AN ANNUAL STATEMENT OUTLINING SPECIFIC RELATIONS AND SITUATIONS. ALL NEW HIRES AND NEW DIRECTORS WILL COMPLETE THE CONFLICT OF INTEREST STATEMENTS PRIOR TO EMPLOYMENT OR ELECTION. THE PRESIDENT/CEO OR HIS/HER DESIGNEE WILL BE RESPONSIBLE FOR THE COLLECTION AND RETENTION OF ALL DIRECTORS, MANAGEMENT, AND EMPLOYEE STATEMENTS. REVIEW OF DIRECTOR, MANAGEMENT, AND EMPLOYEE STATEMENTS IS THE RESPONSIBILITY OF THE AUDIT DEPARTMENT. EACH SITUATION MUST BE HANDLED ON A CASE BY CASE BASIS BY THE BOARD OF DIRECTORS, PRESIDENT/CEO, AND OUTSIDE COUNSEL, IF REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A FOR VIBRANT CREDIT UNION'S CHIEF EXECUTIVE OFFICER (CEO), COMPENSATION DECISIONS ARE INFORMED BY AN INDEPENDENT COMPENSATION BENCHMARKING STUDY CONDUCTED BY GALLAGHER, A NATIONALLY RECOGNIZED CONSULTING FIRM. THE CHIEF OPERATING OFFICER (COO) REVIEWS THE RESULTS OF THE STUDY, WHICH INCLUDES MARKET COMPARABLES, PEER CREDIT UNION DATA, AND TOTAL COMPENSATION BENCHMARKS (BASE SALARY, INCENTIVES, AND BENEFITS). THE COO THEN PRESENTS A SUMMARY AND RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE REVIEWS THE ANALYSIS, CONSIDERS ORGANIZATIONAL PERFORMANCE, INDIVIDUAL LEADERSHIP RESULTS, AND MARKET COMPETITIVENESS, AND APPROVES THE CEO'S COMPENSATION ACCORDINGLY. THE EXECUTIVE COMMITTEE HAS DELEGATED AUTHORITY TO THE CEO TO DETERMINE AND APPROVE COMPENSATION FOR ALL OTHER EXECUTIVE OFFICERS, WITHIN BOARD-APPROVED BUDGET PARAMETERS AND CONSISTENT WITH THE ORGANIZATION'S COMPENSATION PHILOSOPHY AND PRACTICES. THIS PROCESS LAST OCCURED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE VIBRANT CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: DEFINED BENEFIT PLAN NET ASSET -48,743. FORM 990, PART XII, LINE 2C: VIBRANT CREDIT UNION'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. VIBRANT HOLDINGS LLC 6600 44TH AVE MOLINE IL 61265 824083713 HOLDING COMPANY IL -70719 4650775 VIBRANT CREDIT UNION VIBRANT PROPERTY MANAGEMENT LLC 6600 44TH AVE MOLINE IL 61265 831611475 RENTAL PROPERTIES IL -61742 2416387 VIBRANT HOLDINGS LLC HELLO EQUITY VENTURES LLC 6600 44TH AVE MOLINE IL 61265 872805729 SOFTWARE AS A SERVICE IL 0 0 VIBRANT HOLDINGS LLC COFFEEHOUSE BY VIBRANT LLC 6600 44TH AVE MOLINE IL 61265 872832290 COFFEE AND KITCHEN IL -560679 303506 VIBRANT HOLDINGS LLC VC CLOTHING CO LLC 6600 44TH AVE MOLINE IL 61265 931657698 MERCHANDISE IL -4941 53606 VIBRANT HOLDINGS LLC VC CREATIVE CO LLC 6600 44TH AVE MOLINE IL 61265 931665302 SOFTWARE AS A SERVICE IL 0 0 VIBRANT HOLDINGS LLC