2022-11-14T12:29:42-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2021-01-01 370560167 UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION UNIV 2172787700 2201 S FIRST ST CHAMPAIGN IL 618207402 JENNIFER PEYTON EVP/CFO 2172787700 2022-11-09 1 JENNIFER PEYTON 999009999 TANYA MEDGAARDEN P01717240 5074347000 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHRIS HARLAN 2201 S FIRST ST CHAMPAIGN IL 618207402 22792231 0 X WWW.UOFICREDITUNION.ORG X FINANCIAL COOPERATIVE 1932 IL TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 10 10 155 9 26633 0 43500 0 23040254 16931527 612534 608483 0 5252221 23696288 22792231 367745 210000 1025507 828173 8593859 9383193 0 0 0 11553528 8587603 21540639 19008969 2155649 3783262 431330426 475743912 395469447 436722250 35860979 39021662 TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 0 0 CREDIT UNION LOAN PROGRAMS: PROVIDED 17,645 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 18,331 CREDIT CARDS TO MEMBERS. CREDIT UNION SAVINGS AND CHECKING PROGRAMS: SERVICED 18,702 SHARE DRAFT ACCOUNTS, 50,260 SHARE SAVINGS ACCOUNTS, 2,098 MONEY MARKET ACCOUNTS, 1,276 IRA ACCOUNTS, 2,425 SHARE CERTIFICATES. SUPPORT ALL BUSINESS RELATED MEMBER SERVICES. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 155 1 1 1 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 1 0 IL X X JENNIFER PEYTON 2172787700 2201 S FIRST ST CHAMPAIGN IL 618207402 ANNI MCCLELLAN CHAIRPERSON 1.00 X X 0 0 0 NAPOLEON KNIGHT VICE CHAIRPERSON 1.00 X X 0 0 0 AARON CARTER SECRETARY 1.00 X X 0 0 0 JANE SOLON TREASURER 1.00 X X 0 0 0 JASON HIRSBRUNNER BOARD MEMBER 1.00 X 0 0 0 M CHRIS HANSEN BOARD MEMBER 1.00 X 0 0 0 CHRIS RANDLES BOARD MEMBER 1.00 X 0 0 0 SHARON ALLEN BOARD MEMBER 1.00 X 0 0 0 SARAH CRANE BOARD MEMBER 1.00 X 0 0 0 SUZANNE SAMPSON SUPERVISORY COMMITTEE 1.00 X 0 0 0 CHRIS HARLAN PRESIDENT/CEO 40.00 X 255166 0 30220 JENNIFER PEYTON EVP/CFO 40.00 X 203209 0 21720 KIM CHEEK SVP/CHIEF ADMIN OFFICER 40.00 X 190177 0 21366 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 40.00 X 173779 0 15447 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 40.00 X 152640 0 14589 KATE RODGERS VP OF DIGITAL SERVICES & P 40.00 X 125438 0 22345 TRAVIS VERMILLION SVP/CHIEF RISK OFFICER 40.00 X 148215 0 23826 ZACH GRITTON VP OF INFORMATION TECHNOLO 40.00 X 123901 0 17727 LISA PAUL VP OF MEMBER EXPERIENCE 40.00 X 120921 0 12639 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 40.00 X 128580 0 11884 MATTHEW WALDROP VP OF MORTGAGE 40.00 X 181065 0 16670 PHILIP DYKSTRA MORTGAGE LOAN OFFICER 40.00 X 136730 0 12086 1939821 0 220519 12 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT/CREDIT CARD PROCESSOR 1810342 LUMIN DIGITAL 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DIGITAL BANKING 527760 JACK HENRY & ASSOCIATES 663 W HIGHWAY 60 MONETT MO 65708 CORE PROVIDER 469597 3 LOAN PROGRAM REVENUE 522100 14822477 14822477 FEE INCOME 522100 2109050 2082417 26633 16931527 608483 608483 OTHER OPERATING INCOME 522100 5252221 5252221 5252221 22792231 22157115 26633 608483 210000 828173 1813789 6040267 320975 651763 556399 302630 -11099 74058 224964 4139384 680769 60520 90429 776345 LOAN SERVICING 2886467 MISC OPERATING EXPENSES 132059 OPERATING FEES 92136 MERGER EXPENSE 58191 -919250 19008969 4364922 3502798 49665330 68110893 2837659 752041 284735851 326217103 1917587 3136577 18717838 12155126 6994466 6562712 67550697 53675268 2056031 8908989 110283 11207883 4767248 431330426 475743912 5276472 5168928 2500000 387692975 431553322 395469447 436722250 X 0 0 0 0 35860979 39021662 35860979 39021662 431330426 475743912 X 3783262 -659384 36805 X X 0 1 X 1 0 2250 2250 2250 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 W DIEHL ROAD NAPERVILLE IL 60563 363092340 2250 SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COUNCIL, REPORTED IN PARTS I A AND I C OF SCHEDULE C. 1594255 1594255 7311701 3852874 3458827 9811882 8302252 1509630 6562712 REGULAR SHARE SAVING 178075148 CHECKING 106992805 MONEY MARKET 101766156 SILVER SHARE CERTIFICATES 34279399 IRA/SHARE AND CERTIFICATE 10439814 431553322 X 22792230 0 22792230 1 1 22792231 19008968 0 19008968 1 1 19008969 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAX AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AT DECEMBER 31, 2021 AND 2020. THE CREDIT UNION'S 2018 THROUGH 2020 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. 1 UNIVERSITY OF ILLINOIS DIA 1700 S FOURTH ST CHAMPAIGN IL 61820 376000511 501(C)(3) 195000 0 THE CREDIT UNION HAS A CONTRACT IN PLACE WITH THE UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION FOR AN AFFINITY CREDIT CARD PROGRAM. PART OF THE CONTRACT IS AN ANNUAL CONTRIBUTION TO THE UNIVERSITY OF ILLINOIS DEPARTMENT OF INTERCOLLEGIATE ATHLETICS. ALLERTON PARK & RETREAT CENTER 515 OLD TIMBER RD MONTICELLO IL 61856 376000511 501(C)(3) 15000 0 THE CREDIT UNION SPONSORS THE UNIVERISTY OF ILLINOIS CONCERT IN THE PARK SERIES AND HOLIDAY GLOW AT ALLERTON PARK AND RETREAT CENTER. 2 PART I, LINE 2: THE CREDIT UNION HAS A FORMAL WRITTEN POLICY THAT HAS ESTABLISHED CRITERIA FOR EVALUATING REQUESTS FOR CONTRIBUTIONS AND DONATIONS. REQUEST IN EXCESS OF $1,000.00 REQUIRE WRITTEN APPROVAL OF TWO OFFICERS OF THE CREDIT UNION. APPROVED REQUESTS OVER $5,000.00 MUST BE REPORTED TO THE BOARD OF DIRECTORS AT LEAST ANNUALLY. X X X 0 0 0 CHRIS HARLAN PRESIDENT/CEO 255166 0 0 0 0 0 0 0 30220 0 285386 0 0 0 JENNIFER PEYTON EVP/CFO 193426 0 9783 0 0 0 0 0 21720 0 224929 0 0 0 KIM CHEEK SVP/CHIEF ADMIN OFFICER 181176 0 9001 0 0 0 0 0 21366 0 211543 0 0 0 MATTHEW WALDROP VP OF MORTGAGE 176371 0 4694 0 0 0 0 0 16670 0 197735 0 0 0 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 165702 0 8077 0 0 0 0 0 15447 0 189226 0 0 0 TRAVIS VERMILLION SVP/CHIEF RISK OFFICER 140965 0 7250 0 0 0 0 0 23826 0 172041 0 0 0 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 145765 0 6875 0 0 0 0 0 14589 0 167229 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A FINANCIAL COOPERATIVE, THE CREDIT UNION HAS MEMBER OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER OWNERS ELECT THE 9 MEMBER BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B SOME DECISIONS MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE REPORT IS SHARED WITH THE BOARD OF DIRECTORS WHEN FINISHED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DEVELOPED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS WITH GUIDANCE FROM AN INDEPENDENT CONSULTANT WITH INPUT FROM AN ANNUAL SALARY REVIEW, COMPENSATION FOR OTHER OFFICERS IS DEVELOPED BY THE CEO OR OTHER OVERSEEING OFFICERS WITH INPUT FROM AN ANNUAL SALARY REVIEW. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE ON OUR WEBSITE AND UPON REQUEST AT ANY OF OUR BRANCH LOCATIONS. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME (POST RETIREMENT HEALTH BENEFITS) 27,674. EQUITY ACQUIRED IN MERGER -49,061. ROUNDING 1. MERGER EXPENSE 58,191. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR.