Totals
- Total revenue
- $20,356,846
- Total expenses
- $16,010,185
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $18,702,525
- Investment income
- $1,654,321
- Other revenue
- $0
- Total assets, end of year
- $525,279,196
- Total liabilities, end of year
- $465,652,756
- Net assets or fund balances, end of year
- $59,626,440
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INTEREST ON LOANS
total $13,808,860 · related or exempt $13,808,860
-
2b · Program service revenue: SERVICE CHARGES AND FEES
total $2,079,579 · related or exempt $2,019,210 · unrelated business $60,369
-
2c · Program service revenue: INTERCHANGE INCOME
total $1,735,475 · related or exempt $1,735,475
-
2d · Program service revenue: INSURANCE AND INVESTMENT PRODUCTS INCOME
total $451,764 · related or exempt $233,157 · unrelated business $218,607
-
2e · Program service revenue: OTHER REVENUE
total $626,847 · related or exempt $626,847
-
3 · Investment income
total $1,709,583 · unrelated business $17 · excluded $1,709,566
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $0
-
7b · Less cost or other basis and sales expenses
other assets $55,262
-
7c · Gain or loss
other assets -$55,262
-
7d · Net gain or loss
total -$55,262 · excluded -$55,262
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,032,949
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,435,413
-
8 · Pension plan contributions
total $408,708
-
9 · Other employee benefits
total $1,038,032
-
10 · Payroll taxes
total $412,785
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,932
-
11c · Fees: accounting
total $54,200
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $42,680
-
11g · Fees: other
total $294,641
-
12 · Advertising and promotion
total $264,450
-
13 · Office expenses
total $921,278
-
14 · Information technology
total $661,659
-
15 · Royalties
total $0
-
16 · Occupancy
total $572,820
-
17 · Travel
total $50,958
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $95,959
-
20 · Interest
total $2,514,842
-
21 · Payments to affiliates
total $32,592
-
22 · Depreciation, depletion and amortization
total $628,625
-
23 · Insurance
total $28,951
-
24a · Other expenses: PROVISION FOR LOAN LOSSES
total $711,837
-
24b · Other expenses: NETWORK FEES
total $963,122
-
24c · Other expenses: LOAN SERVICING & COLLECTION
total $562,647
-
24d · Other expenses: TAX EXPENSE ON UBI
total $16,500
-
24e · All other expenses
total $259,605
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,358,972 · end of year $3,616,574
-
2 · Savings and temporary cash investments
beginning of year $53,240,832 · end of year $4,909,031
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $345,326,666 · end of year $405,575,850
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $805,422 · end of year $802,069
-
10a · Land, buildings and equipment: cost or other basis
$13,959,150
-
10b · Land, buildings and equipment: accumulated depreciation
$9,217,160
-
10c · Land, buildings and equipment, net
beginning of year $4,884,860 · end of year $4,741,990
-
11 · Investments: publicly traded securities
beginning of year $102,905,674 · end of year $98,195,419
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $219,343 · end of year $190,550
-
15 · Other assets
beginning of year $6,656,396 · end of year $7,247,713
-
17 · Accounts payable and accrued expenses
beginning of year $3,572,421 · end of year $4,696,963
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $458,545,965 · end of year $460,955,793
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $55,279,779 · end of year $59,626,440
Mission and programs · 2022
Mission
VIA CREDIT UNION IS COMMITTED TO MEMBER SERVICE WHILE MAINTAINING FINANCIAL STABILITY. THE CREDIT UNION RETURNS THE PROFITS TO ITS MEMBERS IN THE FORM OF LOWER LOAN RATE, HIGHER SAVINGS RATES, AND FREE OR LOW COST SERVICES.
Activities or mission (Part I)
PEOPLE HELPING PEOPLE ACHIEVE FINANCIAL SUCCESS.
-
VIA CREDIT UNION OFFERS SEVERAL DIFFERENT SAVINGS ACCOUNTS. MEMBERSHIP SHARES ARE REQUIRED FOR MEMBERSHIP; SECONDARY SHARES CAN BE NAMED DIFFERENTLY FOR BUDGETING PURPOSES AND CHRISTMAS CLUB ACCOUNTS. VIA CREDIT UNION ALSO OFFERS MONEY MARKET AND PREMIER MONEY MARKET SHARE ACCOUNTS AND SEVERAL DIFFERENT TERMS OF SHARE CERTIFICATES.
-
VIA CREDIT UNION OFFERS FREE CHECKING, REQUIRES NO MINIMUM BALANCE AND OFFERS UNLIMITED CHECK WRITING. MEMBERS ARE ABLE TO MANAGE THE CHECKING ACCOUNT THROUGH "VIA Connect", OUR INTERNET BANKING, VIA MOBILE OR VIAVOICE, OUR AUTOMATED TELEPHONE SERVICE. "VIA Bill Pay" ALLOWS YOU TO PAY YOUR BILLS ONLINE FOR FREE.
-
THE CREDIT UNION OFFERS NEW AND USED AUTO LOANS, HOME EQUITY LOANS, UNSECURED LOANS, MORTGAGES, BUSINESS AND CREDIT CARD LOANS AT COMPETITIVE LOAN RATES, FLEXIBLE TERMS AND AUTOMATIC PAYMENT OPTION OPTIONS.
-
THE CREDIT UNION'S WHOLLY OWNED
-
SUBSIDIARY, VIA FINANCIAL GROUP, SELLS
-
INSURANCE PRODUCTS TO CREDIT UNION
-
MEMBERS AND OTHERS FROM ITS MARION,
-
INDIANA OFFICE.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David Abernathy End 102022DAVID ABERNATHY END 102022
CEO/TREASURER OF THE BOARD
- Total calculated
- $267,938
- From this org
- $234,821
- From related orgs
- $0
- Other
- $33,117
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $232,718
- Bonus
- $0
- Other
- $2,103
- Deferred
- $23,889
- Nontaxable benefits
- $9,228
- Filer's total
- $267,938
-
Cindy Kohlmorgen Beg 102022CINDY KOHLMORGEN BEG 102022
PRESIDENT/CEO/TREASURER OF THE
- Total calculated
- $194,612
- From this org
- $155,226
- From related orgs
- $0
- Other
- $39,386
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $154,400
- Bonus
- $0
- Other
- $826
- Deferred
- $17,070
- Nontaxable benefits
- $22,316
- Filer's total
- $194,612
-
Lori FieneLORI FIENE
CHIEF FINANCIAL OFFICER
- Total calculated
- $147,586
- From this org
- $117,648
- From related orgs
- $0
- Other
- $29,938
- Hours/week
- 44
-
Georgette MillerGEORGETTE MILLER
CHIEF CONSUMER LOAN OFFICER
- Total calculated
- $110,791
- From this org
- $93,985
- From related orgs
- $0
- Other
- $16,806
- Hours/week
- 43
-
Debbie ParrieDEBBIE PARRIE
CHIEF OPERATIONS OFFICER
- Total calculated
- $106,007
- From this org
- $84,908
- From related orgs
- $0
- Other
- $21,099
- Hours/week
- 43
-
Michelle PetersonMICHELLE PETERSON
CHIEF MARKETING OFFICER
- Total calculated
- $105,377
- From this org
- $75,935
- From related orgs
- $0
- Other
- $29,442
- Hours/week
- 42
-
Karen MitchenerKAREN MITCHENER
CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $100,638
- From this org
- $90,472
- From related orgs
- $0
- Other
- $10,166
- Hours/week
- 42
-
Roger RothROGER ROTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John VelasquezJOHN VELASQUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clyde ThornellCLYDE THORNELL
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Deleane SolomanDELEANE SOLOMAN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Greg MaurerGREG MAURER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John LightleJOHN LIGHTLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Timothy MitchenerTIMOTHY MITCHENER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
VIA FINANCIAL GROUP LLC
INV/INS SALES · IN · income $101,196 · assets $478,376
Directly controlled by VIA CU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322989349301237
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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