Vibrant Credit Union Davenport Ia – A few weeks ago, Vibrant Credit Union reopened the lobby of its Bettendorf branch (3230 Ridge Pointe Drive, near Pleasant Valley High), and the Quad Cities-based financial institution is ready to celebrate.
Starting Wednesday, December 8, the department invites the public to experience “Magnificent Nights,” a unique light show spanning the entire 7,500-square-foot building.
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“Flirting Nights” are lit from 5 p.m. to 10 a.m. every evening until the end of the year. The display includes more than 5,000 individual lights that twinkle, flicker and rotate around the house to your favorite holiday songs.
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“It has been a challenging two years for our employees, our members and our community,” he said in a statement Wednesday. “And we think it’s important to celebrate how we’ve all worked to get to this point and look forward to what’s next.”
For Vibrant, this includes moving to a new and expanded headquarters in Moline in spring 2022, 6600 44th Ave. Its Q-C counties include Moline, Milan, Davenport, Geneseo and Clinton.
“The pandemic has been a time of rapid growth, creativity and change for us,” McCombs said. “It has always been our priority to create great experiences for our members, and COVID is challenging us to find new ways to do that.”
Vibrant worked with American Window to plan and coordinate the installation. It took Window Cleaning America installers more than three days to complete the final design and complete the entire 7,500-square-foot structure. “We asked them to give us the entire Griswold, but I think there’s plenty of room for a lot more lights next year,” McCombs said.
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You can enjoy Vibrant Nights by visiting the Vibrant Credit Union branch at 3230 Ridge Pointe Drive in Bettendorf. Visitors must access Ridge Pointe Drive, which runs between Vibrant and Atomic Coffee, via Center Street.
Vibrant Credit Union serves more than 50,000 members and has more than $1 billion in assets through its offices in Iowa, Illinois and Indiana. For more information, visit Vibrantcreditunion.org.
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After purchasing, testing and evaluating several Shark vacuum cleaners, we decided to take a detailed look at the Navigator and Rotator series. Matt McCombs, CEO of Vibrant Credit Union, is located in the 136,000-square-foot former Sam’s Club. Home on John Deere Road in Moline. McCombs plans to move into the location in six to eight months and hopes to attract additional retail tenants to join the center’s financial industry. Kevin E. SCHMIDT
Nd Avenue Moline, Il 61265
Vibrant, which currently has about 130 of its nearly 220 employees at 1900 52nd Ave. will be based in Moline. The new facility is expected to open within six to eight months, said Matt McCombs, president and CEO of Vibrant.
The interest comes from the growth of the company itself, as its assets have increased from more than $400 million in 2011 to over $900 million. The financial institution has its roots in the Quad Cities. -Cities dates back to the 1930s and was operated as DHCU Community Credit Union before changing its name to Vibrant Credit Union in 2015.
The company’s expansion has led to changes in the current business, such as converting meeting rooms into office space, so moving to larger premises has been discussed for several years.
“When we look at our community, there are a lot of great buildings that have been sitting empty for some time, which I think hurts a community in the long run if you can’t find a way to reuse or renovate them.” Correction. “McCombs said.
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Therefore, the fact that Vibrant can recreate what an existing building might look like while spending “a fraction of the cost” on a new joint venture allows the credit union to “do something that I believe it is responsible for as an organization.” “It will be a strong example for our community of how to revitalize and reuse some of these large buildings that may have stood empty on their own for decades,” he said.
Sam’s Club announced it will close its store at 6600 44th Ave. in January 2018. Martin Vanags, Moline’s interim city manager, said one of the first meetings with the city was a business meeting about the project.
“Anytime you have an empty commercial building like this and someone comes in and it’s a broker who takes it back and breathes new life into the building or reuses the building, it’s exciting. “We welcome them as new tenants of the building and I believe this will have a positive impact on the community in many ways,” he said.
Automated recycling is an economic development issue focused primarily on vacant retailers, such as big box stores and malls, whose options have increased as national chains continue to suffer cash shortfalls and close stores. And that’s before the COVID-19 outbreak, which could make things worse for retailers.
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One of the most common creative recycling techniques is to divide a large empty space so that multiple stores can occupy, for example, a grocery store. McCombs said Vibrant won’t take up the entire space and credit union officials are still working on plans, but there could be an opportunity for retailers or other types of businesses to occupy some of the space.
A liquidation sale is underway for Pier 1 Imports and Gordmans in Davenport, two companies that were struggling financially before the coronavirus pandemic and were unable to find a buyer amid bankruptcy court proceedings.
Paul Rumler, president and CEO of the Quad Cities Chamber of Commerce, said the economic development concept is widespread in downtown Moline and downtown Davenport, and in both areas warehouse space has been converted into office buildings and/or apartments.
“We are experiencing really strong revitalization, especially in our city centers. We’ve seen the best of these revitalizations and we’ve benefited from the use of historic tax credits, which is where so many things happen.” “Each area has its own style, like East Moline and the Rust Belt,” Rumler said.
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“It’s great to have creative minds looking at the old structure of a building and imagining what it could look like for a different use. “I think this is definitely a trend that is emerging and will continue.”
“Progress is always welcome; Drops are always welcome. They all have a positive impact on the community. It’s especially nice to see something like this when we’re in the middle of a pandemic and economic recession like these days and don’t know what the future holds. “I’m definitely excited to see it,” Vanags said.
“I think there is an opportunity to perhaps install a large accelerator where Moline has invested heavily over the last 10 years and look at the building after a few years of idle use. I think we can help it continue to decline. “Call the John Deere race car and move on,” McCombs said.
Changing to a different use has tax implications; Instead of charging a retailer sales tax, the idea is to keep jobs in the area and keep foot traffic away from using the office, Rumler said.
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“So it may not be a direct benefit of the sales tax, but it’s definitely an indirect benefit of having a job there, and that’s really what you’re looking for in terms of overall economic development,” he said.
“Our office traffic now runs along (John Deere Road), so it’s a major commercial corridor, so it’s great to have a mix of housing, offices, retail and restaurants there.”
Another plus point for the Moline location is the fact that it is a one-story building. This reflects Vibrant’s own “in-together” approach, rather than having employees work on the floor of a traditional office space.
McCombs points out that Vibrant’s relationship with customers and ability to succeed in multiple businesses – an insurance company, retail banking, mortgage and commercial banking – is a way to do many things well.
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“It has to be a balanced way, and if you don’t grow up balanced, you’re really biased towards something (and) it’s harmful,” he said.
Speaking of business, Vibrant, like every other financial institution in the Quad-Cities, has had a busy five months. McCombs said Vibrant helped its members secure more than $160 million for businesses seeking the federal Paycheck Protection Program, a package that allows business owners to support their employees during the economic turmoil caused by COVID-19 to keep on the payroll.
Vibrant’s commercial banking team worked 18 hour days for nearly seven weeks to secure these PPP loans, McCombs said.
“Our entire approach is that if we watch the heart and soul of the small businesses in our community stumble into this situation, we will not recover.” It doesn’t matter what Arconic and John Deere do if we do View medium-sized companies in the Quad Cities.
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