Place the Our Family chocolate chips, Our Family peanut butter, and Our Family butter in a medium microwave safe bowl. Microwave on high for 1 minute. Remove the bowl from the microwave and stir. Put the bowl back into the microwave and heat for an additional 30 seconds or until mixture is smooth when stirred. Add the Our Family vanilla extract and stir again.
Pour the Our Family cereal in a large mixing bowl. Add the melted mixture and stir carefully until cereal is evenly coated. Pour the coated cereal into a large sealing bag. Add the powdered sugar. Seal the bag and shake until the cereal is well coated. Spread on parchment paper. Let sit until cool and chocolate is set.