VIBE CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Phone

2487359500

Tax Period

2024-01-01 to 2024-12-31

VIBE CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $87.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $82.3M left a modest 6% surplus.

Mission

TO ENHANCE THE FINANCIAL WELL-BEING OF OUR MEMBERS

Program Service Accomplishments

Program 1

PROVIDE 75,484 MEMBERS WITH REGULAR SAVINGS, CHECKING, MONEY MARKETS, BUSINESS SAVINGS, IRA SAVINGS AND CERTIFICATES OF DEPOSIT ACCOUNTS TOTALING 173,228.

Program 2

PROVIDE 44,051 LOANS INCLUDING VEHICLE, RECREATIONAL VEHICLE, LINES OF CREDIT, CREDIT CARDS, HOME EQUITY, MORTGAGE, BUSINESS, SIGNATURE AND SHARED SECURED LOANS.

Program 3

OFFER AUTOMATED TELLER MACHINES (ATMS), DEBIT CARD, HOME BANKING, BILL PAYMENTS, COURTESY PAY, AND VARIOUS INSURANCE PRODUCTS TO OUR MEMBERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $70,447,528

Investment Income $16,970,340

Other Revenue $0

TOTAL REVENUE $87,417,868

Expense Breakdown

Grants Paid $186,457

Salaries & Benefits $25,042,546

Fundraising Expenses $0

Program Expenses $0

Other Expenses $57,060,957

TOTAL EXPENSES $82,289,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,417,868	$70,370,228	+0.2%
Expenses	$82,289,960	$62,710,756	+0.3%
Net Income	$5,127,908	$7,659,472	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

298

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,494,262

Total Directors

$19,875

Key Employees

$2,340,988

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Frasca	Board Secretary	2.0	Officer Director	$0	$0	$0
Gaia Piir	Board Chariperson	4.0	Officer Director	$2,900	$0	$2,900
Stanley Moore	Board Treasurer	2.0	Officer Director	$2,256	$0	$2,256
Stephen Westbrooks	Vice Chairperson	2.0	Officer Director	$3,161	$0	$3,161
Christa Murphy	Director	1.0	Director	$880	$0	$880
Colleen Barton	Director	1.0	Director	$0	$0	$0
Douglas Williams	Director	1.0	Director	$4,092	$0	$4,092
Jenna Romain	Director	1.0	Director	$0	$0	$0
Marilyn Baker THRU 101524	Director	1.0	Director	$2,914	$0	$2,914
Michael Ivanics	Director	1.0	Director	$3,672	$0	$3,672
Michelle Saunders	Director	1.0	Director	$0	$0	$0
Chaz Rzewnicki	President/CEO	37.5	Officer	$1,033,418	$58,446	$1,091,864
Eric Heinrich	Chief Financial Officer	37.5	Officer	$345,025	$49,056	$394,081
Caitrina Slavey thru 111524	Chief Risk Officer	37.5	Key Emp	$273,082	$34,626	$307,708
Jeffrey Pascoe	Chief Data and Digital Officer	37.5	Key Emp	$337,743	$49,428	$387,171
Jennifer Bleau	Chief Brand and Growth Officer	37.5	Key Emp	$256,632	$45,663	$302,295
Jennifer Woessner	Chief Talent Officer	37.5	Key Emp	$290,828	$32,512	$323,340
Robin Thompson	Chief Operations Officer	37.5	Key Emp	$310,470	$44,999	$355,469
Steven Smith	Chief Information Officer	37.5	Key Emp	$292,044	$40,985	$333,029
Teresa DiGaetano	Chief Credit Officer	37.5	Key Emp	$289,195	$42,781	$331,976
David Ciborowski thru 111524	Facilities Manager	37.5	Highest	$210,796	$29,661	$240,457
Gary Mark Hurt	Director of Technical Systems	37.5	Highest	$150,496	$28,942	$179,438
Jay Hefel	Director of Business Intelligence and Digital	37.5	Highest	$177,193	$37,250	$214,443
Justina Casillas	Director of Talent and Development	37.5	Highest	$159,377	$24,175	$183,552
Michael Lieberman	Director of Commercial Lending	37.5	Highest	$230,224	$35,671	$265,895

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$87,417,868	$82,289,960	$1,316,659,640	$5,127,908
2023	$70,370,228	$62,710,756	$1,234,661,523	$7,659,472
2022	$60,191,684	$48,127,958	$1,218,826,830	$12,063,726
2018	$21,562,180	$19,394,235	$361,698,378	$2,167,945