2025-05-15T10:58:09-05:00 2024-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2024-01-01 370767435 CREDIT UNION 1 CRED 8002526950 200 E CHAMPAIGN AVE RANTOUL IL 618662930 SCOTT MCDONALD CFO/EVP 8002526950 2025-05-15 1 1 KATHY M MOSELEY P00116760 5138713033 2025-05-15 2024 2025-03-06 01:10:19Z SCOTT MCDONALD 200 E CHAMPAIGN AVE RANTOUL IL 618662930 107315887 0 X WWW.CREDITUNION1.ORG X CREDIT UNION 1958 IL CREDIT UNION 1 IS A MEMBER-OWNED AND CONTROLLED FINANCIAL INSTITUTION DEDICATED TO PROVIDING CONVENIENT AND COMPETITIVE SERVICES AS A MEANS OF IMPROVING ONGOING ECONOMIC WELL-BEING OF OUR MEMBERS WHILE PROMOTING GROWTH AND MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY. 9 8 497 7 0 0 0 0 58151280 58932856 19471849 27284110 20439798 21098921 98062927 107315887 0 0 0 0 39217612 34350470 0 0 0 48987681 68854813 88205293 103205283 9857634 4110604 1699028667 1873446949 1566095833 1715980762 132932834 157466187 X CREDIT UNION 1 IS A MEMBER-OWNED AND CONTROLLED FINANCIAL INSTITUTION DEDICATED TO PROVIDING CONVENIENT AND COMPETITIVE SERVICES AS A MEANS OF IMPROVING ONGOING ECONOMIC WELL-BEING OF OUR MEMBERS WHILE PROMOTING GROWTH AND MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY. 0 0 PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 14305 0 1 497 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X AL NUKU VP OF ACCOUNTING 2178939112 200 E CHAMPAIGN AVE RANTOUL IL 618662930 ROBERT EBERHARDT DIRECTOR - CHAIR 2.00 X X 21600 0 26923 DAN LONG DIRECTOR 2.00 X 14400 0 11205 JASON REX TOLLIVER DIRECTOR 2.00 X 14400 0 384 THOMAS WELLS JR DIRECTOR - SECRETARY 2.00 X X 14400 0 11 KENT YAGER DIRECTOR 2.00 X 14400 0 11205 PAUL SIMONS DIRECTOR 2.00 X 14400 0 4 TODD GUNDERSON CEO/PRESIDENT/DIRECTOR 40.00 X X 852631 0 55019 HALLIE OLSEN DIRECTOR 2.00 X 14400 0 4 DAVID THURSTON DIRECTOR - VICE CHAIR 2.00 X 14400 0 4 PAUL FICHTER CHIEF LEGAL COUNSEL 40.00 X 447201 0 55019 MICHAEL HIRT SVP, CHIEF TECHNOLOGY OFFI 40.00 X 356155 0 51694 SCOTT MCDONALD EVP, CHIEF FINANCIAL OFFIC 40.00 X 439437 0 55019 JEFF LYLE ROTHMEYER CHIEF LENDING OFFICER 40.00 X 444509 0 54867 MICHAEL ECK CHIEF MARKETING OFFICER 40.00 X 360447 0 46288 3022780 0 367646 65 0 1 0 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 753205970 ONLINE BANKING PLATORM 2112818 UNIVERSITY OF NOTRE DAME ATHLETICS 113 JOYCE CENTER NOTRE DAME IN 46556 UNIVERSITY SPONSORSHIP 1834454 SERVION INC 500 MAIN STREET NEW BRIGHTON MN 55112 LOAN SERVICING 1441021 DEI INC PO BOX 706377 CINCINNATI OH 452706377 CONSTRUCTION SERVICES 1419710 VAN WAGNER SPORTS & ENTERTAINMENT 800 THIRD AVENUE - 28TH FLOOR NEWYORK NY 10022 SPONSORSHIP FEE 1120000 53 LOAN INCOME 522100 58932856 58932856 58932856 27220259 27220259 63851 0 63851 63851 63851 OTHER INCOME 900099 21098921 21098921 21098921 107315887 58996707 0 48319180 2982576 24685872 4419929 2262093 2500051 2314504 15859431 6860874 9728004 176920 DIVIDEND EXPENSE 18786390 PROVISION FOR LOAN LOSS 7732092 LOAN PROCESSING 3283756 BOARD & STAFF 1269762 343029 103205283 22296665 30123730 326828578 234057494 1185868768 1335660198 47102087 22122485 20862105 24979602 30290786 11453556 20738181 95510984 652936 0 91490648 141661385 1699028667 1873446949 65379487 54833651 3022714 3155450 2785481 3102843 1494908151 1654888818 1566095833 1715980762 X 0 0 0 0 132932834 157466187 132932834 157466187 1699028667 1873446949 X 4110604 -13180 20435929 X X 0 1 X 1 0 0 1 X 1282169 1282169 9753669 7146738 2606931 15264036 3044832 12219204 8919038 6629437 2289601 11883175 5301478 6581697 24979602 OTHER SECURITIES 95510984 C 95510984 OTHER ASSETS 127307028 AMERICAN SHARE INSURANCE DEPOSIT 14354357 141661385 SHARE DRAFT DEPOSITS 418911123 MEMBER SHARE DEPOSITS (SAVINGS AND MEMBERSHIP) 766685033 MONEY MARKET SHARE DEPOSIT 112143597 IRAS 42150834 CD'S 259268781 OTHER LIABILITIES 55729450 1654888818 X PART IV, LINE 2B: THE CREDIT UNION SERVICES 1ST MORTGAGE LOANS AND AS PART OF PROVIDING THIS SERVICE, COLLECTS PROPERTY INSURANCE AND REAL ESTATE TAX PAYMENTS MONTHLY FROM HOME OWNERS. THE CREDIT UNION HOLDS THE FUNDS IN ESCROW UNTIL THE INSURANCE PREMIUMS OR TAX BILLS ARE DUE. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) AND CERTAIN STATE TAX AUTHORITIES ARE EVALUATING WHAT, IF ANY, PRODUCTS AND SERVICES PROVIDED BY STATE CHARTERED CREDIT UNIONS ARE SUBJECT TO UNRELATED BUSINESS INCOME (UBIT). IN 2007, THE IRS ISSUED CERTAIN TECHNICAL ADVICE MEMORANDA WITH RESPECT TO PRODUCTS AND SERVICES SUBJECT TO UBIT. THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE INTERNAL REVENUE CODE ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. AS A RESULT, AT THIS TIME THE UNCERTAINTITY REGARDING WHETHER STATE CHARTERED CREDIT UNIONS SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NON-TAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. X 1 1 X X X 0 0 0 TODD GUNDERSON CEO/PRESIDENT/DIRECTOR 628880 0 223751 0 0 0 28950 0 26069 0 907650 0 0 0 PAUL FICHTER CHIEF LEGAL COUNSEL 321054 0 126147 0 0 0 28950 0 26069 0 502220 0 0 0 JEFF LYLE ROTHMEYER CHIEF LENDING OFFICER 318811 0 125698 0 0 0 28798 0 26069 0 499376 0 0 0 SCOTT MCDONALD EVP, CHIEF FINANCIAL OFFIC 321726 0 117711 0 0 0 28950 0 26069 0 494456 0 0 0 MICHAEL HIRT SVP, CHIEF TECHNOLOGY OFFI 250001 0 106154 0 0 0 25625 0 26069 0 407849 0 0 0 MICHAEL ECK CHIEF MARKETING OFFICER 256352 0 104095 0 0 0 23726 0 22562 0 406735 0 0 0 PART I, LINE 1A FOR ONE MEETING PER YEAR, A SPOUSE IS ALLOWED TO TRAVEL WITH THE BOARD MEMBER AND THE EXPENSE IS REIMBURSED TO THE BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS, WHICH ARE THE DEPOSITORS, ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN TRANSACTIONS AND DECISIONS MAY BE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 IS REVIEWED BY THE EXECUTIVE VICE PRESIDENT OF FINANCE/CFO AND THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY HAS NOT BEEN AN ISSUE AT THE CREDIT UNION. BOARD MEMBERS NOTIFY THE BOARD OF POTENTIAL CONFLICTS AND REMOVE HIM/HERSELF FROM DISCUSSION OF ANY SUCH AREAS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO SALARY ANNUALLY AND UTILIZES A COMPENSATION SURVEY PREPARED BY CUES FOR COMPARABILITY PURPOSES. THE CUES EXECUTIVE COMPENSATION GUIDE IS UTILIZED BY THE CEO FOR SALARY COMPARABILITY FOR OFFICERS AND EMPLOYEES MAKING OVER $100,000. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FUND BALANCE DUE TO MERGERS 20,435,929. PART XII, LINE 2C SUPERVISORY COMMITTEE ENGAGES THE CPA FIRM FOR AN ANNUAL AUDIT OF THE FINANCIAL STATEMENT. ADDITIONALLY THE SUPERVISORY COMMITTEE SUPERVISES THE INTERNAL AUDIT DEPARTMENT WHICH INCLUDES 3 EMPLOYEES. CUSO LTD 200 E CHAMPAIGN AVE RANTOUL IL 61866 371131037 DORMANT TRAVEL AGENCY IL C 330000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0