EIN 56-1295697

Vizo Financial Corporate Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
184
Year formed
1980
Most recent tax filings
2022-12-01
Description
Vizo Financial offers credit unions liquidity, investment, and correspondent services with ALM and risk management consulting for successful cash flow.
Related structure
Vizo Financial Corporate Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in North Carolina.
Also known as...
First Carolina Corporate Credit Union
Total revenues
$215,933,784
2022
Total expenses
$135,018,605
2022
Total assets
$6,740,797,633
2022
Num. employees
184
2022

Program areas at Vizo Financial Corporate Credit Union

Settlement and payment services: we provide aggregated payment services so Credit unions can efficiently and cost effectively serve their members, providing them tools for moving money electronically.
Asset-liability management (alm) and risk management services: alm services include both consulting and modeling risks inherent in a Credit Union's balance sheet. Our risk management services include compliance/regulatory training, information system risk assessments, business continuity planning, and enterprise risk management best practices. These services are designed to help Credit unions best understand and mitigate risks they encounter in their operations.
Funds management & liquidity services: one of the key services we provide members is a complete line of competitive short-term deposit products combined with lines-of-credit so that they can more effectively manage their cash flow needs.

Grants made by Vizo Financial Corporate Credit Union

GranteeGrant descriptionAmount
Carolinas Credit Union FoundationCharitable Contribution$14,600
Crossstate Credit Union FoundationCharitable Contribution$9,900

Personnel at Vizo Financial Corporate Credit Union

NameTitleCompensation
David BrehmerPresident and Chief Executive Officer$568,008
Mark BrownChief Financial Officer$287,235
Scott WoodChief Investment Officer
Fred EiselExecutive Vice President$290,333
Janice ApplebyChief Human Resources Officer$205,311
...and 6 more key personnel

Financials for Vizo Financial Corporate Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$113,094,854
Investment income and dividends$103,477,400
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-638,470
Total revenues$215,933,784

Form 990s for Vizo Financial Corporate Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-27990View PDF
2021-122022-10-12990View PDF
2020-122021-11-04990View PDF
2018-122020-01-31990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 23, 2023
Updated personnel
Identified 1 new personnel
August 20, 2023
Used new vendors
Identified 2 new vendors, including , and
August 17, 2023
Updated personnel
Identified 2 new personnel
August 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
7900 Triad Dr 410
Greensboro, NC 27409
Metro area
Greensboro-High Point, NC
Website URL
vfccu.org/ 
Phone
(336) 217-4992
IRS details
EIN
56-1295697
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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