Credit Unions Chartered in the State of Michigan

Address
44575 West 12 Mile Road
Novi, MI 48377
Contact
Website: http://www.vibecreditunion.com
Phone: +1 (248) 735-9500
Nonprofit
NTEE: W61 - Credit Unions
EIN: 38-1093900

Mission

To enhance the financial well-being of our members.
 20162015201420132012
Basic features of the organization
Year of formation1936
Metropolitan statistical area2162
Form of organization
Other form of orgTrue
Description of other form of orgCredit Union
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$2,194,995.00$1,396,520.00$1,335,600.00$1,278,749.00$1,348,178.00
Sum of reportable (W2/1099) compensation$1,944,349.00$1,190,506.00$1,036,589.00$988,528.00$1,008,088.00
Number of employees158166154151148
Number of people compensated >$100k86555
Number of volunteers107666
Number of highly compensated contractors0011 
Personnel
Barber, Derrick
TitleCOOCOO   
Name of key/compensated personDerrick BarberDerrick Barber   
Position of compensated person
Highest compensated employees (>$100k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$107,875.00$104,470.00   
Other comp, non-reportable, from org and related orgs$24,321.00$28,007.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Barrett, John
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personJohn BarrettJohn BarrettJohn BarrettJohn BarrettJohn Barrett
Position of compensated person
Average hours per week working for org44222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Cowles, David
TitleChairmanChairmanChairmanChairmanChairman
Name of key/compensated personDavid CowlesDavid CowlesDavid CowlesDavid CowlesDavid Cowles
Position of compensated person
Average hours per week working for org44222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Ivanics, Michael
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personMichael IvanicsMichael IvanicsMichael IvanicsMichael IvanicsMichael Ivanics
Position of compensated person
Average hours per week working for org44222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lang, Ronald
TitleEVP/CFO until 9/30/16EVP/CFOEVP/CFOEVP/CFOEVP/CFO
Name of key/compensated personRonald LangRonald LangRonald LangRonald LangRonald Lang
Position of compensated person
Average hours per week working for org4040404040
Reportable compensation from org$754,530.00$281,401.00$266,015.00$254,312.00$267,227.00
Other comp, non-reportable, from org and related orgs$48,813.00$46,987.00$105,547.00$98,770.00$109,421.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Larson, Craig
TitleCLOCLOVP/LendingVP of LendingVP of Lending
Name of key/compensated personCraig LarsonCraig LarsonCraig LarsonCraig LarsonCraig Larson
Position of compensated person
Highest compensated employees (>$100k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$130,043.00$128,323.00$120,430.00$117,707.00$119,333.00
Other comp, non-reportable, from org and related orgs$29,047.00$28,303.00$24,099.00$24,570.00$28,915.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Mazur, Paul
TitleCIOCIOVP/ISVP of ISVP of IS
Name of key/compensated personPaul MazurPaul MazurPaul MazurPaul MazurPaul Mazur
Position of compensated person
Highest compensated employees (>$100k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$130,767.00$132,078.00$132,488.00$126,348.00$130,524.00
Other comp, non-reportable, from org and related orgs$17,357.00$28,225.00$23,544.00$25,905.00$35,839.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
McKinley, Terry
TitleSecretarySecretarySecretarySecretarySecretary
Name of key/compensated personTerry McKinleyTerry McKinleyTerry McKinleyTerry McKinleyTerry McKinley
Position of compensated person
Average hours per week working for org44222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
McVeigh, Brian
TitleCFO as of 6/1/16    
Name of key/compensated personBrian McVeigh    
Position of compensated person
Average hours per week working for org40    
Reportable compensation from org$124,352.00    
Other comp, non-reportable, from org and related orgs$24,515.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Murphy, Christa
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personChrista MurphyChrista MurphyChrista MurphyChrista MurphyChrista Murphy
Position of compensated person
Average hours per week working for org44222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Reagan, Thomas
TitlePresident/CEOPresident/CEOPresident/CEOPresident/CEOPresident/CEO
Name of key/compensated personThomas ReaganThomas ReaganThomas ReaganThomas ReaganThomas Reagan
Position of compensated person
Average hours per week working for org4040404040
Reportable compensation from org$445,030.00$424,410.00$404,267.00$380,684.00$377,211.00
Other comp, non-reportable, from org and related orgs$49,661.00$46,987.00$123,776.00$118,861.00$139,602.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Ross, Tyler
TitleCMOCMOVP/MarketingVP of MarketingVP of Marketing
Name of key/compensated personTyler RossTyler RossTyler RossTyler RossTyler Ross
Position of compensated person
Highest compensated employees (>$100k)TrueTrue TrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$120,159.00$119,824.00$113,389.00$109,477.00$113,793.00
Other comp, non-reportable, from org and related orgs$24,497.00$27,505.00$22,045.00$22,115.00$26,313.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Serra, Jonathon
TitleDirectorDirector   
Name of key/compensated personJonathon SerraJonathon Serra   
Position of compensated person
Average hours per week working for org44   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Westbrooks, Stephen
TitleVice ChairmanVice ChairmanVice ChairmanVice ChairmanVice Chairman
Name of key/compensated personStephen WestbrooksStephen WestbrooksStephen WestbrooksStephen WestbrooksStephen Westbrooks
Position of compensated person
Average hours per week working for org44222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Wollschlager, Mark
TitleBusiness Loan Specialist    
Name of key/compensated personMark Wollschlager    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org40    
Reportable compensation from org$131,593.00    
Other comp, non-reportable, from org and related orgs$32,435.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo provide financial services to member owners with a common bond.To provide financial services to member owners with a common bond.Provide financial services to member owners with a common bond.Provide financial services to member owners with a common bondProvide financial services to member owners with a common bond
Program service expenses, total$0.00$0.00$0.00$0.00$0.00
Programs, including revenue & expenses
Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.
Program expenses    $0.00
Grants and allocations made    $0.00
Program revenue    $0.00
Program descriptionOffer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.
Provide 15,960 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.
Program expenses   $0.00$0.00
Grants and allocations made   $0.00$0.00
Program revenue   $0.00$0.00
Program descriptionProvide 15,960 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.Provide 15,324 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.Provide 15,811 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.Provide 15,991 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.Provide 16,768 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.
Provide 32,536 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 72,557.
Program expenses   $0.00$0.00
Grants and allocations made   $0.00$0.00
Program revenue   $0.00$0.00
Program descriptionProvide 32,536 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 72,557.Provide 32,447 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 69,515.Provide 31,834 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 66,251.Provide 31,268 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 66,202.Provide 31,780 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 67,802.
Financial data
Revenue
Total revenue$21,958,468.00$20,798,604.00$20,152,141.00$21,064,287.00$22,357,567.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$2,008,363.00$1,777,303.00$1,976,788.00$2,568,680.00$1,811,922.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$54,550.00$43,567.00$52,578.00$6,294.00$9,023.00
Other revenue, current yr$0.00$0.00$1,150.00$0.00$0.00
Net unrelated business taxable revenue-$44,328.00$0.00$0.00-$23,501.00-$58,273.00
Program service revenue (total)$19,950,105.00$19,021,301.00$18,174,203.00$18,495,607.00$20,545,645.00
Gross receipts$22,246,468.00$21,638,204.00$20,806,823.00$24,113,953.00$24,107,580.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$1,948,860.00$1,682,419.00$1,867,601.00$1,592,090.00$1,832,023.00
Net rental income $0.00$1,150.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$21,282,701.00$19,643,137.00$17,312,768.00$19,459,432.00$19,153,791.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$35,415.00$22,954.00$21,050.00$38,346.00$58,748.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$3,617.00$25,500.00  $169,375.00
Assets and liabilities
Total assets$517,323,472.00$472,715,230.00$419,313,861.00$416,105,794.00$424,489,782.00
Total assets, beginning of year$472,715,230.00$419,313,861.00$416,105,794.00$424,489,782.00$433,388,873.00
Total liabilities$447,451,344.00$403,185,265.00$351,002,893.00$350,468,074.00$360,746,899.00
Total liabilities, beginning of year$403,185,265.00$351,002,893.00$350,468,074.00$360,746,899.00$373,146,284.00
Net assets$69,872,128.00$69,529,965.00$68,310,968.00$65,637,720.00$63,742,883.00
Net assets, beginning of year$69,529,965.00$68,310,968.00$65,637,720.00$63,742,883.00$60,242,589.00
Other liabilities$436,373,427.00$393,398,364.00$342,628,546.00$342,507,780.00$351,875,999.00
Other assets$8,743,192.00$8,832,513.00$9,059,046.00$8,611,509.00$9,967,060.00
Investments: other securities$160,812,205.00$136,325,125.00$117,591,516.00$140,469,809.00$150,427,456.00
Cash: non-interest bearing$3,367,306.00$4,015,169.00$4,213,870.00$4,201,512.00$2,316,005.00
Cash: non-interest bearing, beginning of year$4,015,169.00$4,213,870.00$4,201,512.00$2,316,005.00$3,422,296.00
Investments -- program-related$12,525,275.00$12,529,818.00$11,630,572.00$12,150,214.00$13,315,850.00
Other financial variables
Revenue less expenses$675,767.00$1,155,467.00$2,839,373.00$1,604,855.00$3,203,776.00
Advertising (total)$1,738,579.00$2,087,319.00$293,031.00$296,263.00$232,226.00
Accounts receivable, net$1,507,081.00$795,524.00$719,415.00$514,435.00$621,991.00
Prepaid expenses & deferred charges$574,278.00$562,645.00$562,258.00$363,416.00$356,320.00
Accounts payable & accrued expenses$11,077,917.00$9,786,901.00$8,374,347.00$7,960,294.00$8,870,900.00
Total net assets or fund balances$69,872,128.00$69,529,965.00$68,310,968.00$65,637,720.00$63,742,883.00
Depreciation, depletion, amortization$1,085,004.00$1,093,089.00$1,014,330.00$758,782.00$751,423.00
Governance and accountability
Number of voting members77666
Number of independent voting members77666
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Has local chaptersTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-122017-01-102016-02-052014-10-222013-12-18
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.0
Filing identifier201743199349307889201622589349300642201523149349303417201411679349301406201322829349300747
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