2021-06-01T09:49:12-05:00 2020-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2020-01-01 370767435 CREDIT UNION 1 CRED 8002526950 200 E CHAMPAIGN AVE RANTOUL IL 618662930 RICHARD BROADDUS CFO/SVP 8002526950 2021-05-19 RICHARD BROADDUS 999009999 GREGORY HEIMKREITER P01331287 5138713033 2021-05-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD BROADDUS 200 E CHAMPAIGN AVE RANTOUL IL 618662930 62677308 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 7 465 7 0 0 0 0 44142560 29437299 15235878 6266977 250928 26191534 59629366 61895810 0 0 0 0 22442285 25276927 0 0 0 29165463 29584139 51607748 54861066 8021618 7034744 958631700 1171433354 869457171 1075224083 89174529 96209271 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 0 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 1 1 0 0 1 17700 0 1 465 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 RICHARD BROADDUS CFOSVP 2178939112 200 E CHAMPAIGN AVE RANTOUL IL 618662930 ROBERT EBERHARDT DIRECTOR - CHAIR 2.00 X 0 0 0 DAN LONG DIRECTOR 2.00 X 0 0 0 REX TOLLIVER DIRECTOR 2.00 X 0 0 0 DANIEL RICCI DIRECTOR 2.00 X 0 0 0 THOMAS WELLS JR DIRECTOR 2.00 X 0 0 0 KENT YAGER DIRECTOR 2.00 X 0 0 0 PAUL SIMONS DIRECTOR 40.00 X X 165218 0 2482 TODD GUNDERSON CEO/DIRECTOR/TREASURER 40.00 X X 467279 0 11967 BRENDA CRANE SVP/CHIEF LENDING OFFICER 40.00 X 248251 0 4223 PAUL FICHTER GENERAL COUNSEL/SVP LEGAL 40.00 X 317815 0 10669 RICHARD BROADDUS SVP/CFO 40.00 X 282410 0 10071 MICHAEL HIRT SVP/CHIEF TECHNOLOGY OFFIC 40.00 X 207285 0 8545 SUE HEYEN VP HUMAN RESOURCES & TRAIN 40.00 X 211378 0 8584 KEVIN ALLEN SVP/CHIEF MEMBER SOLUTION 40.00 X 245277 0 5464 SCOTT MCDONALD CONTROLLER 40.00 X 243419 0 9597 JEFF ROTHMEYER CHIEF LENDING OFFICER 40.00 X 113138 0 1150 2501470 0 72752 10 0 1 0 ALLIED BENEFIT SYSTEMS INC 300 W ADAMS STREET SUITE 500 CHICAGO IL 60606 EMPLOYEE BENEFITS 843342 22ND ST LLC BUTTERFIELD PROPERTIES 477 E BUTTERFIELD ROAD STE 202 LOMBARD IL 60148 RENT 338339 ATRIUM MALL LLC PO BOX 9507 BOSTON MA 021149507 RENT 232940 VIRTUAL SYSTEMS 2540 44TH ST SE SUITE 303-B GRAND RAPIDS MI 49512 COLOCATION RENT 230116 COMAR PROPERTIES INC 200 WEST ADAMS STREET SUITE 500 CHICAGO IL 60606 EMPLOYEE BENEFITS 194688 8 LOAN INCOME 522100 29437299 29437299 29437299 6112034 6112034 936441 781498 154943 154943 154943 OTHER INCOME 26191534 26191534 26191534 61895810 29592242 0 32303568 2574222 17211573 5491132 1198706 2818083 1421028 3246279 1561107 325699 1012429 1642422 186933 PROVISION FOR LOAN LOSS 6269764 DIVIDEND EXPENSE 3702671 VISA / ATM 2485566 CREDIT OPERATIONAL COST 1783360 1930092 54861066 6733141 141826551 59322751 75314421 622407552 703405930 43921962 26226848 18789005 17695114 225799571 189959867 282890 282890 25296790 42948581 958631700 1171433354 9506970 13673743 859950201 1061550340 869457171 1075224083 X 0 0 0 0 89174529 96209271 89174529 96209271 958631700 1171433354 7034744 0 X X 0 0 0 0 1 X 5119514 5119514 21262481 12567420 8695061 5848591 4120485 1728106 4268184 2483490 1784694 7423192 7055453 367739 17695114 SHARE DRAFT DEPOSITS 200199476 MEMBER SHARE DEPOSITS (SAVINGS AND MEMBERSHIP) 355811479 MONEY MARKET SHARE DEPOSIT 217331654 SHARE CERTIFICATE DEPOSITS 127431725 IRA CERTIFICATES 35774385 HIGH YIELD SAVINGS 71001621 FHLB ADVANCE 54000000 1061550340 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. X 1 1 X X X 1 0 0 TODD GUNDERSON CEO/DIRECTOR/TREASURER 407173 0 57240 0 2866 0 9248 0 2719 0 479246 0 0 0 PAUL FICHTER GENERAL COUNSEL/SVP LEGAL 262284 0 55351 0 180 0 7950 0 2719 0 328484 0 0 0 RICHARD BROADDUS SVP/CFO 229533 0 50591 0 2286 0 7352 0 2719 0 292481 0 0 0 SCOTT MCDONALD CONTROLLER 195755 0 47250 0 414 0 6878 0 2719 0 253016 0 0 0 BRENDA CRANE SVP/CHIEF LENDING OFFICER 167146 0 47250 0 33855 0 3805 0 418 0 252474 0 0 0 KEVIN ALLEN SVP/CHIEF MEMBER SOLUTION 197847 0 47250 0 180 0 2745 0 2719 0 250741 0 0 0 SUE HEYEN VP HUMAN RESOURCES & TRAIN 175443 0 35521 0 414 0 5865 0 2719 0 219962 0 0 0 MICHAEL HIRT SVP/CHIEF TECHNOLOGY OFFIC 167199 0 39312 0 774 0 5826 0 2719 0 215830 0 0 0 PAUL SIMONS DIRECTOR 12272 0 70000 0 82946 0 2482 0 0 0 167700 0 0 0 PART I, LINE 4A BRENDA CRANE, FORMER OFFICER OF THE ORGANIZATION, RECIEVED SEVERANCE PAYMENT IN 2020. 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 SENIOR VICE PRESIDENT OF FINANCE, SENIOR VP RISK MANAGEMENT, PRESIDENT/CEO AND THE SUPERVISORY COMMITTEE OF THE BOARD OF DIRECTORS 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. PART XII, LINE 2C SUPERVISORY COMMITTEE ENGAGES THE CPA FIRM FOR AN ANNUAL AUDIT OF THE FINANCIAL STATEMENT. ADDITIONALLY THE SUPERVISORY COMMITTEE SUPERVISES THE ENTERPRISE RISK MANAGEMENT DEPARTMENT DEPT 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