2024-10-17T08:35:08-07:00 2023-12-31 990 2023-01-01 362499724 DUPAGE CREDIT UNION DUPA 6304283440 1515 Bond Street Naperville IL 605630112 Ryan Fisher CFO 6304283440 2024-10-15 1 2023 2024-10-15 13:58:12Z DIANE SHELTON 1515 BOND STREET NAPERVILLE IL 60567 73726472 0 X www.dupagecu.com X COOPERATIVE 1956 IL AS A COOPERATIVE, WE OFFER FINANCIAL PRODUCTS AND SERVICES TO ENHANCE THE ECONOMIC WELL-BEING OF OUR MEMBERS NOW AND INTO THE FUTURE. 7 7 170 7 0 0 0 0 27553162 31587561 3180870 4992759 2600 2600 30736632 36582920 0 0 0 0 11715005 12511788 0 0 0 16405359 22245030 28120364 34756818 2616268 1826102 581714800 578226107 548855612 541029491 32859188 37196616 AS A COOPERATIVE, WE OFFER FINANCIAL PRODUCTS AND SERVICES TO ENHANCE THE ECONOMIC WELL-BEING OF OUR MEMBERS NOW AND INTO THE FUTURE. 0 0 Provided checking accounts to over 16,000 members. Provided first and second mortgage loans to over 5,000 members. Received deposits on savings from over 43,000 members. 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 170 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X DUPAGE CREDIT UNION 6304283440 1515 Bond Street Naperville IL 605630112 Diane Shelton President/CEO 50 0 X 458650 0 28644 Roberta Kozlowicz Executive Vice President/CSO 50 0 X 334720 0 19418 Frank Sposito Chief Information Officer 50 0 X 248452 0 1500 Amy Brandt Senior Vice President 50 0 X 213324 0 21575 Susanne Welsh Senior Vice President 50 0 X 215967 0 11950 John Dumas Chief Financial Officer 50 0 X 169616 0 11421 James Chyllo AVP of Retail & Compliance 50 0 X 144461 0 30094 Rachelle Mulconrey Director of Technology 50 0 X 172551 0 0 Diana Hughes Controller 50 0 X 120099 0 12704 Alex Heil Director Marketing 50 0 X 129090 0 588 Jennifer Modest Director of Payments 50 0 X 112645 0 13950 Debra Ragusa Chairman of the Board 5 0 X 0 0 0 Kaitlin Plucinski Vice Chairman of the Board 5 0 X 0 0 0 Michael Dzugan Board Secretary 5 0 X 0 0 0 Dennis Andre Board Member 5 0 X 0 0 0 Gary Saake Board Member 5 0 X 0 0 0 Robert O'Kelly Board Member 5 0 X 0 0 0 Bryan Jones Board Treasurer 5 0 X 0 0 0 2319575 0 151844 11 0 1 0 Fiserv Solutions 75 Remittance Drive Chicago IL 60675 Data transaction processing 832772 ALKAMI TECHNOLOGY INC 5601 GRANITE PARKWAY 120 PLANTO TX 75024 TECHNOLOGY 642003 Jack Henry & Associates 663 West Highway 60 Monett MO 65708 Computer software 408348 MeridianLink 3560 Hyland Avenue Costa Mesa CA 92626 Lending technology 237574 CDW DIRECT 625 ADAMS ST CHICAGO IL 60661 COMPUTER HARDWARE & SOFTWARE 436420 12 0 Interest income on member loans 522100 25599890 25599890 0 0 Fees and charges to recover costs 522100 5864871 5864871 0 0 Member Insurance Related Activity 524298 122800 122800 0 0 0 0 0 0 31587561 3613706 3613706 0 0 0 0 0 0 0 0 0 0 7700 0 5100 0 2600 0 2600 2600 0 0 37870351 647154 36666210 472242 1204141 174912 1379053 1379053 0 0 0 36582920 36582920 0 0 0 0 0 0 2319573 0 7657020 252244 1485269 797682 0 19121 72000 -88797 391307 1223585 1215607 663217 35662 0 3102 4106158 58572 990989 248649 DIVIDENDS ON MEMBER SHARES 1577549 PROVISION FOR LOAN LOSSES 5028626 CHECK PROCESSING & ATM EXPENSE 1229546 LOAN DISBURSEMENT & SERVICE EXPENSE 3580980 1889157 34756818 0 0 0 3615846 2025446 -8055896 -7797062 0 0 2985701 20892932 0 0 0 0 432687030 458755239 0 0 2363107 2567467 19291751 10449780 8508117 8841971 116399083 66533601 0 0 2470100 2775100 0 0 20741712 23631413 581714800 578226107 40470332 79023443 0 0 0 0 0 0 426061 1325396 0 0 0 0 0 0 507959219 460680652 548855612 541029491 X 0 0 0 0 32859188 37196616 32859188 37196616 581714800 578226107 X 1826102 -7451442 0 0 -2243874 12206642 X 0 0 0 15000 0 0 15000 15000 1 Credit Union Political Action Council 1807 West Diehl Road Naperville IL 60563 363092340 15000 0 Schedule C, Part I-A, Line 1 Contribution to Credit Union Political Action Council 0 1 X 2302037 0 2302037 9891237 0 5518367 4372870 332750 0 229952 102798 6765727 0 4701461 2064266 0 0 0 0 8841971 0 OTHER LIABILITIES 460680652 460680652 Schedule D, Part IV, Line 2b This organization's only political activity is the contribution to the Credit Union Political Action Council that is reported in Parts 1-A and 1-C of this schedule C. 0 0 0 Diane Shelton President/CEO 458650 0 0 0 0 0 0 0 28644 0 487294 0 0 0 Roberta Kozlowicz Executive Vice President/CSO 334720 0 0 0 0 0 0 0 19418 0 354138 0 0 0 Frank Sposito Chief Information Officer 248452 0 0 0 0 0 0 0 1500 0 249952 0 0 0 Susanne Welsh Senior Vice President 215967 0 0 0 0 0 0 0 11950 0 227917 0 0 0 Amy Brandt Senior Vice President 213324 0 0 0 0 0 0 0 21575 0 234899 0 0 0 John Dumas Chief Financial Officer 169616 0 0 0 0 0 0 0 11421 0 181037 0 0 0 Rachelle Mulconrey Director of Technology 172551 0 0 0 0 0 0 0 0 0 172551 0 0 0 Diana Hughes Controller 120099 0 0 0 0 0 0 0 12704 0 132803 0 0 0 James Chyllo AVP of Retail & Compliance 144461 0 0 0 0 0 0 0 30094 0 174555 0 0 0 Alex Heil Director Marketing 129090 0 0 0 0 0 0 0 588 0 129678 0 0 0 Jennifer Modest Director of Payments 112645 0 0 0 0 0 0 0 13950 0 126595 0 0 0 Form 990, Part VI, Section A, Line 6 As of 12/31/2023 this credit union had 49,324 members. Form 990, Part VI, Section A, Line 7a This credit union had 49,324 members who elect a Board of Directors at its Annual Meeting of Members which is traditionally held in March of each year. Form 990, Part VI, Section A, Line 7b Changes or amendments to the credit union charter must be approved by the members and by regulatory authorities. Bylaw amendments may, but are not required to be, approved by the members. However, bylaw changes must be approved by a two-thirds majority of the Board of Directors and by regulatory authorities. Form 990, Part VI, Section B, Line 11b A copy of the completed 990 tax return is made available to each member of the Board of Directors and is discussed at the first Board meeting after the return is completed and filed. Form 990, Part VI, Section B, Line 12c All Officers, Directors, Committee Members, Trustees and Key Employees are required to submit a signed Conflict of Interest Statement annually to the Supervisory Committee and Board of Directors. The Supervisory Committee reviews all Statements annually and provides the Board of Directors with a summary of their review. The Committee and/or Board may deem it necessary to direct further inquiries to the appropriate individual(s) and may take further action when necessary. These actions may include, but are not limited to, requiring the individual(s) to divest themselves of the conflict and/or provide full disclosure. Form 990, Part VI, Section B, Line 15 An independent third-party consultant conducts a periodic competitive market compensation study of all positions and compensation grade levels. A separate study is conducted in relation to the salary of the CEO. The study is presented by the consultant and is reviewed by management and the Board of Directors and is used to create the salary increase matrix. All employees receive an annual performance evaluation which is completed by the employee's supervisor. If appropriate, employees receive an increase in pay determined by the results of the evaluation and according to the percentages indicated in the salary increase matrix. The performance of the CEO is evaluated by the Board of Directors. The Board reviews the evaluation with the CEO and approves any changes in CEO compensation. Form 990, Part VI, Section C, Line 19 All governing documents, the conflict of interest policy and financial statements are all available upon written request, and without charge, during regular business hours at the credit union's Operations Center and at all retail locations. Form 990, Part XI, Line 9 Adjustment for prior year unrealized gain (loss) on investments ($12,206,642) Form 5558 filed and approved for extension.