Vantage Credit Union
- Assets
- $1.1b
- Revenue
- $52.2m
- Investments
- $182.5m
- Employees
- 346
- Location
- St Charles, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-0739854
Organization Overview
Vantage Credit Union is located in St Charles, MO. As of 12/2021, Vantage Credit Union employed 346 individuals. Vantage Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Vantage Credit Union generated $52.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $52.9m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING YOUR LIFE, STRENGTHENING OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 72,199 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 108,883 LOANS OUTSTANDING TOTALING $660,540,421.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,803,188 FOR THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric V Acree President & CEO | Officer | 40 | $583,570 |
Christopher W Smith Manager, Mortgage Sales & Bus. Development | 40 | $328,377 | |
Michael R Gatrell President, Cuso Operations | Officer | 40 | $282,559 |
Douglas Ruckman Chief Financial Officer | Officer | 40 | $249,467 |
Kathleen J Palmer Chief Member Experience Officer | Officer | 40 | $226,773 |
John M Hopkins Chief Risk Officer | Officer | 40 | $209,858 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Solutions Llc Insurance, Notary Bonds | 12/30/21 | $826,201 |
Federal Construction Construction Services-remodeling | 12/30/21 | $1,055,987 |
Ncr Corporation Atm/ptm Goods & Services | 12/30/21 | $775,577 |
Jack Henry & Associates Core Processor | 12/30/21 | $731,026 |
Shi International Corp Computer Technology | 12/30/21 | $649,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,984 |
| Total Program Service Revenue | $47,875,648 |
| Investment income | $2,327,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $137,393 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,688,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,226,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,028,129 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,388,695 |
| Pension plan accruals and contributions | $6,161,948 |
| Other employee benefits | $3,126,965 |
| Payroll taxes | $1,067,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300,021 |
| Fees for services: Accounting | $172,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,278,711 |
| Advertising and promotion | $770,564 |
| Office expenses | $2,933,369 |
| Information technology | $3,412,612 |
| Royalties | $0 |
| Occupancy | $2,794,151 |
| Travel | $96,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,914 |
| Interest | $607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,458,358 |
| Insurance | $408,450 |
| All other expenses | $409,788 |
| Total functional expenses | $52,865,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,331,333 |
| Savings and temporary cash investments | $176,222,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $657,502,910 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,423,414 |
| Net Land, buildings, and equipment | $44,754,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $182,466,449 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,369,957 |
| Total assets | $1,110,070,441 |
| Accounts payable and accrued expenses | $15,287,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $794,599 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,022,856,107 |
| Total liabilities | $1,038,938,225 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $71,132,216 |
| Total liabilities and net assets/fund balances | $1,110,070,441 |
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