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River Valley Credit Union Inc

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Provided first-class or charter travel
Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$19.8M (2022)

Expenses
$16.1M (2022)

Total Assets
$442M (2022)

Total Liabilities
$402M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,820,493
Expenses
$16,128,781
Net Income
$3,691,712
Net Assets
$39,903,130
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,113,561
91.4%
Investment Income $1,706,932
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,539,262
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,384,383
21.0%
Assets/Debt
Total Assets $442,389,486
Total Liabilities $402,486,356
Net Assets $39,903,130
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $301,484 $0 $28,921
Lee Spivey (Svp/Cfo) $204,109 $0 $19,447
Suzanne M Roush (Svp Operations) $169,213 $0 $16,082
Robert L Delong Jr (Svp Lending) $169,209 $0 $16,082
Eric Ebbert (Svp Sales/Marketing) $167,143 $0 $15,883
Peggy Mowry (Svp/Cio) $162,413 $0 $15,047
Johnathan Hebrank (Vp Business Services) $124,025 $0 $11,594
Carrie Poynter (Vp Compliance) $108,181 $0 $10,429
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Treasurer) $0 $0 $0
Virginia Matis (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,188,326
Expenses
$14,776,286
Net Income
$3,412,040
Net Assets
$42,584,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,188,880
94.5%
Investment Income $999,446
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,658,210
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,875,525
19.5%
Assets/Debt
Total Assets $417,823,521
Total Liabilities $375,239,309
Net Assets $42,584,212
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $283,951 $0 $277,883
Lee Spivey (Svp/Cfo) $176,902 $0 $18,721
Suzanne M Roush (Svp Operations) $157,225 $0 $15,478
Robert L Delong Jr (Svp Lending) $157,220 $0 $15,477
Eric Gagliano (Svp Sales/Marketing) $155,269 $0 $4,658
Peggy Mowry (Svp/Cio) $145,346 $0 $14,299
Johnathan Hebrank (Vp Business Services) $112,474 $0 $10,822
Carrie Poynter (Vp Compliance) $102,620 $0 $9,865
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Treasurer) $0 $0 $0
Virginia Matis (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,006,421
Expenses
$15,062,630
Net Income
$2,943,791
Net Assets
$40,842,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,651,817
92.5%
Investment Income $1,354,604
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,358,693
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,866,430
19.0%
Assets/Debt
Total Assets $391,441,130
Total Liabilities $350,598,643
Net Assets $40,842,487
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $276,637 $0 $26,568
Lee Spivey (Svp/Cfo) $185,868 $0 $18,237
Suzanne M Roush (Svp Operations) $153,740 $0 $15,615
Robert L Delong Jr (Svp Lending) $153,714 $0 $15,119
Peggy Mowry (Svp/Cio) $141,984 $0 $9,576
Eric Gagliano (Svp Sales/Marketing) $137,813 $0 $0
Johnathan Hebrank (Vp Business Services) $106,396 $0 $10,433
Carrie Poynter (Vp Compliance) $96,949 $0 $10,044
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Treasurer) $0 $0 $0
Virginia Matis (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,942,792
Expenses
$15,657,213
Net Income
$2,285,579
Net Assets
$37,292,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,637,657
92.7%
Investment Income $1,305,135
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,431,745
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,040,810
19.4%
Assets/Debt
Total Assets $341,757,752
Total Liabilities $304,464,961
Net Assets $37,292,791
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $260,977 $0 $36,978
Lee Spivey (Svp/Cfo) $180,869 $0 $24,848
Robert L Delong Jr (Svp Lending) $150,110 $0 $19,968
Suzanne M Roush (Svp Operations) $145,182 $0 $20,210
Gregg Hebrank (Svp Sales/Marketing) $143,663 $0 $17,428
Johnathan Hebrank (Vp Business Services) $103,444 $0 $13,909
Carrie Poynter (Vp Compliance) $94,436 $0 $13,612
Rebecca Siciarz (Vp Public Relations) $79,755 $0 $11,182
Peggy Mowry (Svp/Cio) $75,945 $0 $2,278
Eric Gagliano (Svp Sales/Marketing) $35,033 $0 $1,917
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Vice Chairman) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,772,317
Expenses
$15,047,613
Net Income
$1,724,704
Net Assets
$34,663,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,017,270
95.5%
Investment Income $731,609
4.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,438
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,204,717
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,928,370
19.5%
Assets/Debt
Total Assets $337,678,086
Total Liabilities $303,014,510
Net Assets $34,663,576
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $246,058 $0 $36,317
Lee Spivey (Svp/Cfo) $164,995 $0 $23,063
Suzanne M Roush (Svp Operations) $129,932 $0 $18,108
Gregg Hebrank (Svp Sales/Marketing) $129,932 $0 $17,696
Robert L Delong Jr (Svp Lending) $129,925 $0 $17,690
Johnathan Hebrank (Vp Business Services) $90,384 $0 $12,133
Carrie Poynter (Vp Compliance) $87,146 $0 $12,435
Rebecca Siciarz (Vp Public Relations) $77,994 $0 $10,909
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Vice Chairman) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,391,286
Expenses
$13,889,760
Net Income
$1,501,526
Net Assets
$32,952,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,870,998
96.6%
Investment Income $522,082
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,794
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,215,847
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,005,138
21.6%
Assets/Debt
Total Assets $330,188,974
Total Liabilities $297,236,071
Net Assets $32,952,903
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $251,052 $0 $22,415
Lee Spivey (Svp/Risk Management) $151,654 $0 $14,438
James A Roberson Jr (Svp/Cfo) $145,897 $0 $14,320
Suzanne M Roush (Svp Operations) $119,894 $0 $10,910
Gregg Hebrank (Svp Sales/Marketing) $114,013 $0 $10,651
Robert L Delong Jr (Svp Lending) $114,011 $0 $11,153
Carrie Poynter (Vp Compliance) $82,322 $0 $0
Johnathan Hebrank (Vp Business Services) $78,277 $0 $0
Rebecca Siciarz (Vp Public Relations) $74,840 $0 $0
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Vice Chairman) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,331,065
Expenses
$13,641,118
Net Income
$689,947
Net Assets
$31,449,696
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,077,198
98.2%
Investment Income $516,529
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$262,662
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,043,827
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,034,071
22.2%
Assets/Debt
Total Assets $325,378,108
Total Liabilities $293,928,412
Net Assets $31,449,696
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (President/Ceo) $214,890 $0 $21,279
James A Roberson Jr (Svp/Cfo) $144,180 $0 $14,211
Lee Spivey (Svp/Risk Management) $141,957 $0 $14,135
Gary Webb (Indirect Liaison) $126,051 $0 $12,558
Robert L Delong Jr (Svp Lending) $111,728 $0 $10,976
Suzanne M Roush (Vp Operations) $105,793 $0 $10,455
Gregg Hebrank (Vp Sales/Marketing) $105,278 $0 $10,336
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Treasurer) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0
James F Griffin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,975,993
Expenses
$14,086,891
Net Income
$889,102
Net Assets
$30,732,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,342,804
95.8%
Investment Income $570,905
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $62,284
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $679,112
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,497,872
24.8%
Assets/Debt
Total Assets $315,852,037
Total Liabilities $285,119,192
Net Assets $30,732,845
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (Ceo) $214,968 $0 $21,022
James A Roberson Jr (Cfo) $150,901 $0 $13,442
Lee Spivey (Svp/Risk Management) $147,684 $0 $11,151
Robert L Delong Jr (Vp Lending) $109,076 $0 $10,868
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Treasurer) $0 $0 $0
Willie Simms (Director) $0 $0 $0
Carl King (Vice Chairperson) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,590,745
Expenses
$12,814,011
Net Income
$2,776,734
Net Assets
$29,919,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,435,373
86.2%
Investment Income $789,183
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,366,189
8.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $468,503
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,282,978
25.6%
Assets/Debt
Total Assets $308,785,142
Total Liabilities $278,866,104
Net Assets $29,919,038
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (Ceo) $196,399 $0 $20,472
James A Roberson Jr (Cfo) $127,386 $0 $12,739
Robert L Delong Jr (Vp Branches/Retail) $100,873 $0 $10,634
Aaron Burke (Secretary) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Treasurer) $0 $0 $0
Willie Sims (Director) $0 $0 $0
Carl King (Vice Chairperson) $0 $0 $0
Anne Burke (Director) $0 $0 $0
Velma Amos (Director) $0 $0 $0
Lynda Brown Walker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,136,597
Expenses
$9,697,151
Net Income
$1,439,446
Net Assets
$20,872,630
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,642,636
95.6%
Investment Income $499,077
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,116
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $300,169
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,323,401
24.0%
Assets/Debt
Total Assets $225,275,587
Total Liabilities $204,402,957
Net Assets $20,872,630
Compensation
Key Employees and Officers Compensation Related Other
John E Bowen (Ceo) $185,608 $0 $0
James A Roberson Jr (Cfo) $114,561 $0 $0
Aaron Burke (Director) $0 $0 $0
Daniel J Gorman (Chairperson) $0 $0 $0
Jeffrey Stapleton (Director) $0 $0 $0
Stephen Hall (Director) $0 $0 $0
Virginia Matis (Treasurer) $0 $0 $0
Willie Sims (Director) $0 $0 $0
Robert Armbruster (Secretary) $0 $0 $0
Carl King (Vice Chairperson) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,600,655
Expenses
$10,031,544
Net Income
$1,569,111
Net Assets
$19,501,450
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,561,111
91.0%
Investment Income $1,017,369
8.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,175
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $307,734
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,236,177
22.3%
Assets/Debt
Total Assets $218,355,615
Total Liabilities $198,854,165
Net Assets $19,501,450

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,840,339
Expenses
$10,282,332
Net Income
$1,558,007
Net Assets
$17,921,898
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,021,488
93.1%
Investment Income $816,598
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,253
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $274,882
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,077,861
20.2%
Assets/Debt
Total Assets $208,398,493
Total Liabilities $190,476,595
Net Assets $17,921,898

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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