Nonprofit · EIN 36-2523206
IH MISSISSIPPI VALLEY CREDIT UNION
Also known as MORGAN DUNN, Rock River Striders
Tax-exempt · MOLINE, IL 61265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $158,174,559 | $145,755,350 | $12,419,209 | $2,152,316,383 | $1,964,019,715 | $188,296,668 |
| December 31, 2023 | 990 | $131,288,696 | $121,494,213 | $9,794,483 | $2,139,207,809 | $1,963,966,323 | $175,241,486 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $139,062,444
- Investment income
- $18,895,176
- Net rental income
- $216,939
- Net gain from sales of assets
- $7,567,592
- Other revenue
- $216,939
Expenses
- Grants and similar amounts paid
- $307,173
- Compensation of officers, directors and key employees
- $2,675,276
- Other salaries and wages
- $26,487,650
- Salaries, compensation and benefits (total)
- $37,000,030
- Professional fundraising fees
- $0
- Legal fees
- $206,588
- Accounting fees
- $415,136
- Occupancy
- $2,365,948
- Travel
- $615,566
- Depreciation
- $3,497,373
Balance sheet and other
- Total assets, start of year
- $2,139,207,809
- Total assets, end of year
- $2,152,316,383
- Total liabilities, end of year
- $1,964,019,715
- Net assets, end of year
- $188,296,668
- Land, buildings and equipment
- $54,185,957
- Publicly traded securities
- $164,259,337
- Gross unrelated business income
- $1,366,692
- Gross receipts
- $176,799,967
- Employees
- 524
- Volunteers
- 336
- Year formed
- 1934
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN LAUFENBERG | PRESIDENT/CEO Officer | 40 | $746,529 | $45,195 |
| ALLAN HOSACK | CHIEF FINANCIAL OFFICER Officer | 40 | $443,417 | $44,893 |
| ANN MCMILLIAN | CHIEF OPERATING OFFICER Key employee | 40 | $436,894 | $44,458 |
| LISA MILANO | CHIEF RISK MANAGEMENT OFFICER Key employee | 40 | $436,702 | $44,458 |
| JULIE STICKNEY | CHIEF RESOURCE OFFICER Key employee | 40 | $390,289 | $42,439 |
| ROBERT ROSEMAN | VP INDIRECT BUSINESS DEVELOPMENT Highest-paid employee | 40 | $351,816 | $30,779 |
| AJAY SINGH | SVP, LENDING Highest-paid employee | 40 | $290,548 | $38,027 |
| JUSTIN JOHNSON | SVP, SALES AND MARKETING Highest-paid employee | 40 | $240,010 | $35,550 |
| DANIELLE SONS | SVP, FINANCE Highest-paid employee | 40 | $236,590 | $35,645 |
| LINDSEY RAMOS | SVP, MEMBER EXPERIENCE Highest-paid employee | 40 | $231,574 | $35,255 |
| JEFF CARR | DIRECTOR Trustee or director | 2 | $8,709 | $0 |
| SAM KUPRESIN | BOARD CHAIRMAN Trustee or director, Officer | 2 | $6,846 | $0 |
| TIM CONSIDINE | DIRECTOR Trustee or director | 2 | $6,602 | $0 |
| THOMAS CHIP IRWIN | BOARD SECRETARY/TREASURER Trustee or director, Officer | 2 | $5,402 | $0 |
| KRISTIN BERRY | VICE CHAIRPERSON Trustee or director, Officer | 2 | $2,915 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN EARLY | DIRECTOR Trustee or director | 2 | $0 |
| MATT MENDANHALL | DIRECTOR Trustee or director | 2 | $0 |
| THOMAS TERRONEZ | DIRECTOR Trustee or director | 2 | $0 |
| LARRY WIEMERS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN LAUFENBERG | PRESIDENT/CEO Officer | 40 | $715,961 | $40,960 |
| ALLAN HOSACK | CHIEF FINANCIAL OFFICER Officer | 40 | $428,813 | $40,791 |
| ANN MCMILLIAN | CHIEF OPERATING OFFICER Key employee | 40 | $419,955 | $40,791 |
| LISA OLSON | CHIEF RISK MANAGEMENT OFFICER Key employee | 40 | $419,643 | $40,791 |
| ROBERT ROSEMAN | VP INDIRECT BUSINESS DEVELOPMENT Highest-paid employee | 40 | $358,352 | $28,054 |
| JULIE STICKNEY | CHIEF RESOURCE OFFICER Key employee | 40 | $325,000 | $37,159 |
| AJAY SINGH | SVP, LENDING Highest-paid employee | 40 | $270,706 | $35,084 |
| DANIELLE SONS | SVP, FINANCE Highest-paid employee | 40 | $218,422 | $31,756 |
| ANDREW GROTHE | SVP, WEALTH MGMT AND INVESTMENT SERVICES Highest-paid employee | 40 | $219,365 | $30,633 |
| JUSTIN JOHNSON | SVP, SALES AND MARKETING Highest-paid employee | 40 | $206,544 | $30,366 |
| KRISTIN BERRY | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| JEFF CARR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM CONSIDINE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEGAN EARLY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS CHIP IRWIN | BOARD SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SAM KUPRESIN | BOARD CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| MATT MENDANHALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELISSA PEPPER | FORMER DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS TERRONEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LARRY WIEMERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2500 RIVER DR, MOLINE, IL 61265-1670
- In care of
- % ABBY FRIEL
- Mailing address (990-N for 2012)
- Box 04136, Rock Island IL 61201
- Principal officer (990 for 2024)
- ALLAN HOSACK, 2500 RIVER DRIVE, MOLINE, IL 61265
- Principal officer (990-N for 2012)
- Ronald Watkins, 4006 172st N, East Moline IL 61244
- Signed the 990
- DARLENE M REED, VP TREASURER
- Phone
- (309) 793-6200
- Website
- WWW.IHMVCU.ORG
- Return prepared by
- RSM US LLP
Mission
IH MISSISSIPPI VALLEY CREDIT UNION IS A MEMBER OWNED COOPERATIVE DEDICATED TO HELPING OUR MEMBERS, OUR TEAM MEMBERS, AND OUR COMMUNITIES ALONG THEIR FINANCIAL PATH.
Program accomplishments
- PROVIDE CONSIDERABLE CONSUMER, BUSINESS AND REAL ESTATE LOANS TO MEMBERS
- PROVIDE DEPOSITORY ACCOUNTS TO APPROXIMATELY 147,116 MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2523206
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1936
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,152,316,383
- Income (IRS master file)
- $176,799,967
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $158,174,559 | $145,755,350 | $2,152,316,383 | XML |
| 990 | December 2023 | $131,288,696 | $121,494,213 | $2,139,207,809 | XML |
| 990 | December 2022 | $111,927,596 | $93,113,066 | $2,035,628,610 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Ronald Watkins | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2523206).
Questions about IH MISSISSIPPI VALLEY CREDIT UNION
- What is the EIN of IH MISSISSIPPI VALLEY CREDIT UNION?
- The employer identification number (EIN) of IH MISSISSIPPI VALLEY CREDIT UNION is 36-2523206.
- Is IH MISSISSIPPI VALLEY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1936.
- Are donations to IH MISSISSIPPI VALLEY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IH MISSISSIPPI VALLEY CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IH MISSISSIPPI VALLEY CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IH MISSISSIPPI VALLEY CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IH MISSISSIPPI VALLEY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ALLAN HOSACK.
- Who are the officers and directors of IH MISSISSIPPI VALLEY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 19 people; 15 received compensation from the organization, the highest $746,529 (BRIAN LAUFENBERG, PRESIDENT/CEO).
- How much revenue does IH MISSISSIPPI VALLEY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $158,174,559, expenses of $145,755,350 and total assets of $2,152,316,383 at year end.
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