2023-11-13T08:42:38-06:00 2022-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2022-01-01 370767435 CREDIT UNION 1 CRED 8002526950 200 E CHAMPAIGN AVE RANTOUL IL 618662930 SCOTT MCDONALD CFO/EVP 8002526950 2023-11-06 1 SCOTT MCDONALD 999009999 0 GREGORY HEIMKREITER P01331287 5138713033 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT MCDONALD 200 E CHAMPAIGN AVE RANTOUL IL 618662930 75979515 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. 8 7 485 8 0 0 0 0 34183025 47263470 6607490 3453551 32201396 23504880 72991911 74221901 0 0 0 0 31075321 32316856 0 0 0 28112315 32035347 59187636 64352203 13804275 9869698 1226789437 1585978393 1119898189 1455360872 106891248 130617521 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 0 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 14823 0 1 485 1 0 0 0 0 0 0 0 0 0 0 X 8 7 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 21600 0 26058 DAN LONG DIRECTOR 2.00 X 14400 0 10906 REX TOLLIVER DIRECTOR 2.00 X 14400 0 90 DANIEL RICCI DIRECTOR - VICE CHAIR 2.00 X 14400 0 45 THOMAS WELLS JR DIRECTOR - SECRETARY 2.00 X 14400 0 10861 KENT YAGER DIRECTOR 2.00 X 14400 0 10906 PAUL SIMONS DIRECTOR 2.00 X 14400 0 59 TODD GUNDERSON PRESIDENT/CEO 40.00 X X 693135 0 55900 HALLIE OLSEN DIRECTOR 2.00 X 14400 0 90 PAUL FICHTER EVP, GENERAL COUNSEL & CHI 40.00 X 389506 0 52761 MICHAEL HIRT SVP, CHIEF TECHNOLOGY OFFI 40.00 X 295129 0 51367 KEVIN ALLEN SVP, CHIEF SALES OFFICER 40.00 X 285231 0 47766 SCOTT MCDONALD EVP, CHIEF FINANCIAL OFFIC 40.00 X 386350 0 55164 JEFF ROTHMEYER EVP, CHIEF LENDING OFFICER 40.00 X 375427 0 35816 2547178 0 357789 6 0 1 0 ALLIED BENEFIT SYSTEMS INC 300 W ADAMS STREET SUITE 500 CHICAGO IL 60606 MEDICAL AND HEALTH CARE PAYMENTS 1052800 CIVITAS PASEO VERDE OWNER LLC 2360 CORPORATE CIR STE 330 HENDERSON NV 890747718 RENT 696537 COMAR PROPERTIES INC 200 WEST ADAMS STREET SUITE 500 CHICAGO IL 60606 RENT 198252 MELLODY FARM 1568 SOLUTIONS CENTER CHICAGO IL 606771005 RENT 128397 MATTESON II LLC 55 E JACKSON BLVD STE 500 CHICAGO IL 606044396 RENT 111024 6 LOAN INCOME 522100 47263470 47263470 47263470 2583102 2583102 2628063 1757614 870449 870449 870449 OTHER INCOME 23504880 23504880 23504880 74221901 48133919 0 26087982 2904967 22929528 4410501 2071860 2908375 1130957 11887802 2310903 2485320 LOAN PROCESSING 4935001 DIVIDEND EXPENSE 4676092 BOARD & STAFF 995045 PROVISION FOR LOAN LOSS 576230 129622 64352203 19762000 28339687 244532935 25929256 820880135 1340152720 49022835 23769714 22939606 25253121 17432279 56491992 30598995 28160773 214240 593731 70429247 81057113 1226789437 1585978393 28754180 70000000 5796299 3869068 1091144009 1375695505 1119898189 1455360872 X 0 0 0 0 106891248 130617521 106891248 130617521 1226789437 1585978393 X 9869698 13856575 X X 0 1 X 1 0 0 1 X 2610615 2610615 15833858 6958758 8875100 7439697 4232214 3207483 17294682 12577107 4717575 5843983 1635 5842348 25253121 OTHER ASSETS 64924008 ACCRUED INTEREST RECEIVABLE 4651177 AMERICAN SHARE INSURANCE DEPOSIT 11481928 81057113 SHARE DRAFT DEPOSITS 290845208 MEMBER SHARE DEPOSITS (SAVINGS AND MEMBERSHIP) 643069548 MONEY MARKET SHARE DEPOSIT 245308759 TERM SHARE AND IRA SHARE CERTIFICATES 32835705 CD'S 128068077 OTHER LIABILITIES 35568208 1375695505 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 PRESIDENT/CEO 568135 0 125000 0 0 0 29842 0 26058 0 749035 0 0 0 PAUL FICHTER EVP, GENERAL COUNSEL & CHI 286684 0 102822 0 0 0 26703 0 26058 0 442267 0 0 0 SCOTT MCDONALD EVP, CHIEF FINANCIAL OFFIC 286828 0 99522 0 0 0 29106 0 26058 0 441514 0 0 0 JEFF ROTHMEYER EVP, CHIEF LENDING OFFICER 282055 0 93372 0 0 0 9758 0 26058 0 411243 0 0 0 MICHAEL HIRT SVP, CHIEF TECHNOLOGY OFFI 214957 0 80172 0 0 0 25309 0 26058 0 346496 0 0 0 KEVIN ALLEN SVP, CHIEF SALES OFFICER 209259 0 75972 0 0 0 25214 0 22552 0 332997 0 0 0 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: EQUITY ACQUIRED IN MERGERS 13,856,575. 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 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0