© 2022 WVIK
Listen at 90.3 FM and 105.7 FM in the Quad Cities, 95.9 FM in Dubuque, or on the WVIK app!
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Economy

New Headquarters for IHMVCU

ihmvcu_exterior.jpg
IHMVCU
/
the new IHMVCU headquarters in Moline, along River Drive
ihmvcu_interior_10.19.jpg
Credit IHMVCU
/
inside the new IHMVCU headquarters in Moline

A year and-a-half after construction began, the I-H Mississippi Valley Credit Union has moved into its new headquarters in Moline. 

President and CEO Brian Laufenberg says employees were spread out among five different, rented locations.

"It basically came to the point where we needed to look to the future and really do an expansion that would meet out needs for a 30 to 40 year period of time and make that investment at this point."

Initially, 250 of the credit union's nearly 400 employees will work in the new building on River Drive in Moline.

Laufenberg says IHMVCU was formed in the mid-1980's by a combination of three credit unions - the Farmall, International Harvester, and Mississippi Valley Chapter credit unions. And it now has 130,000 members and 1.4 billion dollars in assets. 

The new headquarters cost 24 to 25 million dollars.