VIA Credit Union
Nonprofit profile at a glance
- EIN
- 350884006
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Marion, IN, USA
- Phone
- 7656746631
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $31,379,952
- Expenses
- $25,479,380
- Assets
- $577,206,622
- Liabilities
- $507,071,355
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- CINDY KOHLMORGEN (PRESIDENT/CEO/TREASURER OF THE BOARD)
- CLYDE THORNELL (BOARD PRESIDENT)
Highest reported compensation
- CINDY KOHLMORGEN (PRESIDENT/CEO/TREASURER OF THE BOARD): $309,744 total reported compensation
- LORI FIENE (CHIEF FINANCIAL OFFICER): $209,445 total reported compensation
- DEBBIE PARRIE (CHIEF OPERATIONS OFFICER): $180,984 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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. Services to people who are unable to obtain them elsewhere or as a valuable alternative to the traditional for-profit banking system. The credit union receives deposits from and makes loans to its members primarily located in the Indiana counties of blackford, grant, Delaware, madison, and miami. The majority of its loans are collateralized by specific items, including consumer assets, residential real estate, and member share balances.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Other-operating. 89% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 92
- Sustainability: 73
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 32.7%; rating input score 33; 10th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.8%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 22.65; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $310K · 14 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Grant itemization coverage scored 33/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.