Vantage Credit Union
- Assets
- $1.2b
- Revenue
- $67.4m
- Investments
- $192.8m
- Employees
- 324
- Location
- St Charles, MO
- Founding
- Data as of
- 12/2023
- EIN
- 43-0739854
Organization Overview
Vantage Credit Union is located in St Charles, MO. As of 12/2023, Vantage Credit Union employed 324 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 12/2023, Vantage Credit Union generated $67.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $71.8m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 8 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
2023
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 70,872 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 118,827 LOANS OUTSTANDING TOTALING $812,249,142.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $8,328,448 FOR THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jerry Eichholz Chairman | Trustee | 1 | $690 |
Daniel Dolan Vice Chairman | Trustee | 1 | $9,312 |
Mark Rudolph Secretary/treasurer | Trustee | 1 | $1,364 |
Toni Martin Director | Trustee | 1 | $0 |
Linda Ceriotti Director | Trustee | 1 | $0 |
Dr Barbara Evans-Cunningham Director | Trustee | 1 | $923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rpa Construction Services Construction Services | 12/30/23 | $1,433,006 |
Atm Solutions Inc Atm Servicing | 12/30/23 | $551,795 |
C & R Mechanical Co Heating & Cooling Services | 12/30/23 | $527,293 |
Salesforce Com Inc Suite Of Enterprise Applications | 12/30/23 | $423,638 |
Federal Protection Inc Security Service | 12/30/23 | $320,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $59,965,348 |
| Investment income | $7,257,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $109,184 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,396,022 |
| 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. | $3,921,523 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,370,499 |
| Pension plan accruals and contributions | -$268,509 |
| Other employee benefits | $3,335,143 |
| Payroll taxes | $1,321,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $667,579 |
| Fees for services: Accounting | $183,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,515,639 |
| Advertising and promotion | $1,540,868 |
| Office expenses | $3,404,441 |
| Information technology | $4,603,207 |
| Royalties | $0 |
| Occupancy | $2,676,532 |
| Travel | $124,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166,358 |
| Interest | $3,539,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,583,812 |
| Insurance | $315,623 |
| All other expenses | $917,660 |
| Total functional expenses | $71,830,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,112,067 |
| Savings and temporary cash investments | $68,067,233 |
| 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 | $806,956,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,968,733 |
| Net Land, buildings, and equipment | $48,493,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $192,773,745 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,005,378 |
| Total assets | $1,198,376,782 |
| Accounts payable and accrued expenses | $27,730,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $906,925 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $115,289,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $983,076,278 |
| Total liabilities | $1,127,003,822 |
| 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 | $71,372,960 |
| Total liabilities and net assets/fund balances | $1,198,376,782 |