Vantage Credit Union

St Charles, MOUnknown exempt organizationSince 1957EIN 43-0739854Revenue $82.1M in FY2024

On file with the IRSvcu.com19 Research Park Court · St Charles, MO

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Enhancing your life, strengthening our community

Run by 10 volunteers and 328 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $514K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$3.1M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0B
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82.1M
+22% vs prior year
Spent
$76.2M
Net assets
$77.9M
By yearFY2020–FY2024
Revenue
$82.1M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$49.7M
FY2021$52.2M
FY2022$54.3M
FY2023$67.4M
FY2024$82.1M
Expenses
$76.2M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$49.7M
FY2021$52.9M
FY2022$52.6M
FY2023$71.8M
FY2024$76.2M
Net assets
$77.9M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$63.9M
FY2021$71.1M
FY2022$75.0M
FY2023$71.4M
FY2024$77.9M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Director - Investment Services
$652,184Pt VII · Sec A
President & CEO
$556,882Pt VII · Sec A
Chief Growth & Rev Officer
$398,759Pt VII · Sec A
Chief Financial Officer
$288,062Pt VII · Sec A
Chief Risk Officer
$269,049Pt VII · Sec A
Director - Mortgage Soluti
$219,049Pt VII · Sec A
Senior Financial Consultan
$197,220Pt VII · Sec A
Information Security Offic
$167,381Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kelly Huff$652,184————
Eric Acree$556,882$647,139$605,964——
Eric V Acree———$583,570$538,432
Christopher Smith$219,049$241,803$272,113—$411,518
Michael Gatrell$398,759$393,985$402,143——
Christopher W Smith———$328,377—
Douglas Ruckman$288,062$324,757$308,292$249,467—
Daniel Jones——$305,833——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people improve their lives and build a stronger community.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2024, there were 102,208 loans outstanding totaling $807,000,417.

Pt IX · col B
02

Provides financial and financially related services to 68,963 members.

Pt IX · col B
03

Paid dividends on member deposits totaling $10,901,523 for the year.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $50K · 2020–2024
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$10,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2020$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$82.1M
Ln 12
Fees for servicesLn 2g$71.0M
Investment incomeLn 3$5.9M
Other incomeLn 4–11$5.3M
Money outPt IX
$76.2M
Ln 25
Owns and owesPt X
$77.9M
net assets · Ln 32
Cash and savingsLn 1–2$83.3M
Total assetsLn 16$1.1B
LiabilitiesLn 26$1.0B
PeoplePt VI, VII
17
listed · VII A
PaidVII A13
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$71.0M
Investment incomeLn 3$5.9M
Other incomeLn 4–11$5.3M
Gains on assetsLn 7−$91K
Total revenueLn 12$82.1M
Assets in detailPt X, end of year
CashLn 1$35.3M
SavingsLn 2$48.0M
Cash and savings togetherLn 1–2$83.3M
InvestmentsLn 11–13$112.7M
Land, buildings, equipmentLn 10c$48.2M
Other assetsLn 15$36.0M
Total assetsLn 16$1.1B
LiabilitiesLn 26$1.0B
Net assetsLn 32$77.9M
OperationsPt I, VI
EmployeesI 5328
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$98.2M$83.3M
InvestmentsLn 11–13$192.8M$112.7M
Land, buildings, equipmentLn 10c$48.5M$48.2M
Total assetsLn 16$1.20B$1.08B
LiabilitiesLn 26$1.13B$1.01B
Net assetsLn 32$71.4M$77.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K
Pay of current officers, directors and key staffLn 5$3.7M
Other salaries and wagesLn 7$18.0M
Pension plan contributionsLn 8$643K
Other employee benefitsLn 9$3.2M
Payroll taxesLn 10$1.3M
Legal feesLn 11b$273K
Accounting feesLn 11c$235K
Other fees for servicesLn 11g$1.6M
Advertising and promotionLn 12$1.6M
Office expensesLn 13$3.5M
Information technologyLn 14$5.2M
OccupancyLn 16$2.5M
TravelLn 17$139K
Conferences, conventions and meetingsLn 19$132K
InterestLn 20$4.1M
Depreciation, depletion and amortizationLn 22$3.5M
InsuranceLn 23$346K
Other expenses (24a–d)Ln 24$26.2M
Total functional expensesLn 25$76.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $82.1M$76.2M$5.9M$77.9M 990 PDF
FY2023 $67.4M$71.8M−$4.4M$71.4M 990 PDF
FY2022 $54.3M$52.6M$1.7M$75.0M 990 PDF
FY2021 $52.2M$52.9M−$639K$71.1M 990 PDF
FY2020 $49.7M$49.7M$32K$63.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $82,141,065 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $59,965,348$70,958,870
I-10 Investment incomePrior year $7,321,490$5,903,713
I-11 Other revenuePrior year $109,184$5,278,482
I-12 Total revenuePrior year $67,396,022$82,141,065
I-13 Grants and similar amounts paidPrior year $10,000$10,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,680,295$26,893,335
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47,140,229$49,327,732
I-18 Total expensesPrior year $71,830,524$76,231,067
I-19 Revenue less expensesPrior year −$4,434,502$5,909,998
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $82,141,065 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,935,972 · Unrelated business $2,022,898$70,958,870
VIII-3 Investment incomeRelated to mission $5,994,934$5,994,934
VIII-5 RoyaltiesRelated to mission $102,067$102,067
VIII-7 Net gain or loss on sales of assetsRelated to mission −$91,221−$91,221
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,176,415$5,176,415
VIII-12 Total revenueRelated to mission $80,118,167 · Unrelated business $2,022,898 · Excluded from tax $0$82,141,065
Part IX · Statement of functional expenses $76,231,067 across 19 lines filed
IX-2 Grants to domestic individuals$10,000
IX-5 Pay of current officers, directors and key staff$3,734,668
IX-7 Other salaries and wages$17,970,385
IX-8 Pension plan contributions$642,586
IX-9 Other employee benefits$3,234,222
IX-10 Payroll taxes$1,311,474
IX-11b Legal fees$273,461
IX-11c Accounting fees$234,898
IX-11g Other fees for services$1,577,431
IX-12 Advertising and promotion$1,649,474
IX-13 Office expenses$3,495,843
IX-14 Information technology$5,224,512
IX-16 Occupancy$2,546,849
IX-17 Travel$139,307
IX-19 Conferences, conventions and meetings$132,396
IX-20 Interest$4,053,452
IX-22 Depreciation, depletion and amortization$3,484,019
IX-23 Insurance$345,974
IX-24 Other expenses (24a–d)$26,170,116
IX-25 Total functional expenses$76,231,067
Part X · Balance sheet $1,083,343,707 assets, 12 lines filed
Asset lines not itemized here account for $799,576,014; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $30,112,067$35,284,350
X-2 Savings and temporary cash investmentsStart of year $68,067,233$48,024,293
X-9 Prepaid expenses and deferred chargesStart of year $2,968,733$3,528,153
X-10c Land, buildings and equipment, netStart of year $48,493,188$48,207,382
X-12 Other securitiesStart of year $192,773,745$112,689,452
X-15 Other assetsStart of year $49,005,378$36,034,063
X-16 Total assetsStart of year $1,198,376,782$1,083,343,707
X-17 Accounts payable and accrued expensesStart of year $27,730,665$20,601,341
X-25 Other liabilitiesStart of year $983,076,278$948,595,088
X-26 Total liabilitiesStart of year $1,127,003,822$1,005,417,344
X-32 Total net assets or fund balancesStart of year $71,372,960$77,926,363
X-33 Total liabilities and net assetsStart of year $1,198,376,782$1,083,343,707
Part XI · Reconciliation of net assets $77,926,363 net assets at year end
XI-1 Total revenue$82,141,065
XI-2 Total expenses$76,231,067
XI-3 Revenue less expenses$5,909,998
XI-4 Net assets at start of year$71,372,960
XI-5 Net unrealized gains (losses) on investments$3,354,081
XI-9 Other changes in net assets−$2,710,676
XI-10 Net assets at end of year$77,926,363

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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