2025-10-20T23:39:16-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 370732817 SCOTT CREDIT UNION SCOT 6183451000 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 SCOTT PETERS CFO 6183451000 2025-10-17 0 AUBREY CLEGG P01076395 3052328272 2025-10-16 2024 2025-03-06 01:10:19Z FRANK M PADAK 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 120951375 0 X WWW.SCU.ORG X 1943 IL TO SERVE MEMBERS' NEEDS BY ACCEPTING DEPOSITS, GRANTING LOANS AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. 9 8 436 8 306260 0 0 0 90955708 95488126 14971683 25463249 0 0 105927391 120951375 174344 243418 0 0 29688920 31851002 0 0 0 66750993 82113678 96614257 114208098 9313134 6743277 1741583732 1745004988 1597906829 1592503489 143676903 152501499 TO SERVE MEMBERS' NEEDS BY ACCEPTING DEPOSITS, GRANTING LOANS AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBER FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 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 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 52488 0 1 436 1 1 1 0 0 0 0 0 1 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 1 1 1 0 0 X SCOTT PETERS 6183451000 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 FRANK PADAK PRESIDENT AND CEO/BOD TREASURER 40.00 X X 1104580 0 303438 LAWRENCE HAFFNER BOARD CHAIRPERSON, BOD MEMBER 3.00 X 0 0 0 JACOB CURTIS BOARD VICE CHAIRPERSON, BOD MEMBER 3.00 X 0 0 0 DEBBIE LANE BOARD SECRETARY, BOD MEMBER 3.00 X 0 0 0 JESSICA HAUGEN BOARD MEMBER 3.00 X 0 0 0 JOY HAYWARD BOARD MEMBER 3.00 X 0 0 0 LAJUAN MILLER BOARD MEMBER 3.00 X 0 0 0 CHRISTOPHER SOBRINO BOARD MEMBER 3.00 X 0 0 0 ANGELA STEWART BOARD MEMBER 3.00 X 0 0 0 SCOTT SEIDL EXECUTIVE VICE PRESIDENT 40.00 X 394848 0 132864 SCOTT PETERS CHIEF FINANCIAL OFFICER 40.00 X 290924 0 163093 DAVID BRESSLER CHIEF LENDING OFFICER 40.00 X 266740 0 66184 CARLA LAMBRECHT CHIEF INFORMATION OFFICER 40.00 X 269198 0 30074 VALENTINA RHODEN-KIMBROUGH CHIEF HUMAN RESOURCES OFFICER 40.00 X 257211 0 65295 JOANNA HERNANDEZ CHIEF OPERATING OFFICER 40.00 X 246507 0 62925 MICHELLE WAZLAWEK CHIEF MARKETING OFFICER 40.00 X 231854 0 14723 TRICIA NEWTON MORTGAGE LOAN ORIGINATOR 40.00 X 276348 0 23646 JEFFREY RODERICK VICE PRESIDENT OF INFORMATION TECHNOLOGY 40.00 X 204969 0 60424 LAURIE VIVIANO MORTGAGE LOAN ORIGINATOR 40.00 X 172561 0 53077 MARK DIETRICH VICE PRESIDENT OF RETAIL OPERATIONS 40.00 X 181887 0 59029 DONNA HARRIS MORTGAGE LOAN ORIGINATOR 40.00 X 190014 0 24506 4087641 0 1059278 37 0 1 0 FIS (AKA FIDELITY NATIONAL CARD SERVICES 11601 ROOSEVELT BLVD TA94 ST PETERSBURG FL 33716 DEBIT AND CREDIT CARD PROCESSING 3674059 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 DEBIT AND CREDIT CARD NETWORK 1778644 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 MONETT MO 65708 CORE SYSTEM 1359502 COMPUTERSHARE INC 250 ROYALL STREET CANTON MA 02021 STATEMENT PROCESSING 940644 CARDTRONICS USA INC 14181 COLLECTIONS CENTER DR CHICAGO IL 606930001 ATM FLEET 812213 60 INTEREST ON LOANS 522100 70032338 70032338 FEES, CHARGES, OTHER 522100 25149528 25149528 FINANCE AND INSURANCE 520000 306260 306260 95488126 25463249 25463249 120951375 120645115 306260 0 X 243418 3900458 19997552 1098651 5050939 1803402 189692 309081 4063929 2476971 4746393 2238937 2719299 133247 314692 31155924 2760068 425807 PROVISION FOR LOAN LOSS 19399871 LOAN SERVICING 4142399 DEBIT CARD EXPENSE 3847064 ATM EXPENSES 1324972 1865332 114208098 17028620 12039857 157010652 345136376 19071966 8587993 28214521 28948399 1252729482 1116837403 3305556 3227329 73611388 41028438 33941372 32582950 171517898 138386548 10276619 10756984 10474514 10180691 38012532 38320458 1741583732 1745004988 28411897 24707575 25000000 1544494932 1567795914 1597906829 1592503489 X 0 0 0 0 143676903 152501499 143676903 152501499 1741583732 1745004988 6743277 2081319 0 X X 0 1 X 1 0 31140 31140 31140 1 CUPAC 1807 WEST DIEHL ROAD NAPERVILLE IL 60566 363092340 31140 7886599 7886599 37640376 17928905 19711471 2030120 1292868 737252 24477470 20430293 4047177 1576823 1376372 200451 32582950 MEMBER DEPOSITS 1567795914 1567795914 X 120951375 0 120951375 0 120951375 114208098 0 114208098 0 114208098 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 SCOTT CREDIT UNION COMMUNITY FOUNDATION 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 823443031 501(C)(3) 210004 0 TO ASSIST THE FOUNDATION IN CARRYING OUT ITS EXEMPT FUNCTION. ILLINOIS CREDIT UNION FOUNDATION 1807 W DIEHL ROAD NAPERVILLE IL 60563 362994028 501(C)(3) 15000 0 CHARITABLE CONTRIBUTION TO ASSIST THE FOUNDATION PROMOTE THE SELF-HELP IDEAS OF CREDIT UNIONS THROUGH GRANTS AND SCHOLARSHIPS 2 0 PART I, LINE 2: SCOTT CREDIT UNION COMMUNITY FOUNDATION IS SPONSORED BY SCOTT CREDIT UNION. MEMBERS OF THE CREDIT UNION'S EXECUTIVE MANAGEMENT TEAM COMPRISE THE MEMBERS OF THE FOUNDATION'S BOARD. THE FOUNDATION'S BOARD MEMBERS ASSIST IN GUIDING AND MONITORING THE USE OF THE FUNDS TO ENSURE THEY ARE DISBURSED IN A MANNER THAT IS CONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSE. THE CREDIT UNION'S DONATIONS TO OTHER TAX EXEMPT ORGANIZATIONS ARE NOT SUBSEQUENTLY MONITORED. X 0 1 0 FRANK PADAK PRESIDENT AND CEO/BOD TREASURER 712263 0 188665 0 203652 0 251528 0 51910 0 1408018 0 0 0 SCOTT SEIDL EXECUTIVE VICE PRESIDENT 350196 0 42540 0 2112 0 86784 0 46080 0 527712 0 0 0 SCOTT PETERS CHIEF FINANCIAL OFFICER 272263 0 17071 0 1590 0 113572 0 49521 0 454017 0 0 0 DAVID BRESSLER CHIEF LENDING OFFICER 249146 0 16671 0 923 0 17651 0 48533 0 332924 0 0 0 VALENTINA RHODEN-KIMBROUGH CHIEF HUMAN RESOURCES OFFICER 240099 0 16230 0 882 0 16786 0 48509 0 322506 0 0 0 JOANNA HERNANDEZ CHIEF OPERATING OFFICER 230453 0 15606 0 448 0 14575 0 48350 0 309432 0 0 0 TRICIA NEWTON MORTGAGE LOAN ORIGINATOR 37518 0 238830 0 0 0 18270 0 5376 0 299994 0 0 0 CARLA LAMBRECHT CHIEF INFORMATION OFFICER 251177 0 16626 0 1395 0 16827 0 13247 0 299272 0 0 0 JEFFREY RODERICK VICE PRESIDENT OF INFORMATION TECHNO 191110 0 13195 0 664 0 12039 0 48385 0 265393 0 0 0 MICHELLE WAZLAWEK CHIEF MARKETING OFFICER 217205 0 14251 0 398 0 14087 0 636 0 246577 0 0 0 MARK DIETRICH VICE PRESIDENT OF RETAIL OPERATIONS 170013 0 11675 0 199 0 10293 0 48736 0 240916 0 0 0 LAURIE VIVIANO MORTGAGE LOAN ORIGINATOR 39881 0 132662 0 18 0 7534 0 45543 0 225638 0 0 0 DONNA HARRIS MORTGAGE LOAN ORIGINATOR 35508 0 154506 0 0 0 10548 0 13958 0 214520 0 0 0 PART I, LINE 4B THE CREDIT UNION OFFERS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP 457(F)) TO CERTAIN KEY EXECUTIVES: FRANK PADAK, PRESIDENT & CEO, SCOTT PETERS, CFO, AND SCOTT SEIDL, EXECUTIVE VICE PRESIDENT. THE DOLLAR AMOUNTS ACCRUED BY THE CREDIT UNION DURING 2024 TOWARD EACH OF THE PARTICIPANT'S FUTURE BENEFITS ARE LISTED BELOW. FRANK PADAK: $204,222 SCOTT PETERS: $80,352 SCOTT SEIDL: $62,820 ADDITIONALLY, FRANK PADAK RECEIVED A BENEFIT PAYOUT IN THE AMOUNT OF $200,000 DURING 2024. THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO FRANK PADAK, SCOTT SEIDL, AND SCOTT PETERS AND CERTAIN OTHER FORMER OFFICERS OF THE CREDIT UNION THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. SEE SCHEDULE L FOR THE COMPLETE LIST OF PARTICIPANTS. FRANK PADAK CEO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 13665696 15415338 0 1 1 SCOTT PETERS CFO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 3018698 4304034 0 1 1 SCOTT SEIDL EVP TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 902206 941628 0 1 1 CHRISTOPHER BROWNER FORMER CFO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 1430080 1492568 0 1 1 ADAM KOISHER FORMER CHIEF MARKETING OFFICER TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 1035821 1081081 0 1 1 ERIC HAM FORMER CIO TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 1002330 1046127 0 1 1 GERALDINE BUREK FORMER CEO OF MERGED ENTITY, SOUTH DIVISION CREDIT UNION TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR PLAN X 3760000 4667623 0 1 1 28948399 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL VOTING ON THE ELECTION OF DIRECTORS SHALL BE BY BALLOT, EXCEPT WHEN THERE IS A NO CONTEST (WRITTEN BALLOTS NEED NOT BE CAST) ON ELECTION OF DIRECTORS, EVERY SHAREHOLDER HAS THE RIGHT TO VOTE THE NUMBER OF SHARES OWNED BY FOR AS MANY PERSONS AS THERE ARE DIRECTORS TO BE ELECTED. THEY MAY ALSO CUMULATE THEIR SHARES AND GIVE ONE CANDIDATE AS MANY VOTES AS THE NUMBER OF DIRECTORS MULTIPLIED BY THE NUMBER OF SHARES OWNED. MEMBERS THAT ARE NOT NATURAL PERSONS MAY CAST A VOTE THROUGH A DELEGATED AGENT. ALL ELECTIONS SHALL BE DETERMINED BY PLURALITY VOTE AND SHALL BE BY BALLOT EXCEPT WHERE THERE IS NO CONTEST. IN CASE OF FAILURE TO ELECT, THE MEETING MAY BE ADJOURNED FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CFO IS RESPONSIBLE FOR COMPLETION OF FORM 990 AND OUTSOURCES THE PREPARATION OF THE RETURN TO A CPA FIRM. A DRAFT VERSION OF THE RETURN IS REVIEWED BY THE CFO AND CEO. ONCE ALL HAVE COMPLETED THEIR REVIEW AND ANY NECESSARY CORRECTIONS ARE COMPLETED, THE RETURN IS PRESENTED TO THE BOARD OF DIRECTORS AND THEN IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, WHO ARE INDEPENDENT VOLUNTEERS. THEIR PROCESS INCLUDES A REVIEW OF COMPENSATION DATA FOR EXECUTIVE POSITIONS AT SIMILAR ENTITIES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE NCUA'S WEBSITE VIA THE 5300 FILING. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES- BANK SERVICES 90,104. PROFESSIONAL SERVICES- MOBILE/ONLINE BANKING 933,968. PROFESSIONAL SERVICES- PAYROLL PROCESSING 243,637. PROFESSIONAL SERVICES- RECRUITING 120,898. PROFESSIONAL SERVICES - BILLPAY 183,983. OTHER PROFESSIONAL SERVICES 2,491,339. FORM 990, PART IX, LINE 24E OTHER MISCELLANEOUS OPERATING 875,242. FRAUD LOSSES 818,814. COURTESY PAY LOSSES 171,276. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. SCU HOLDINGS LLC 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 993022108 HOLDING COMPANY IL 1026 3008 SCOTT CREDIT UNION SCU INSURANCE SERVICES LLC 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 993045297 INSURANCE SALES IL 1026 3008 SCU HOLDINGS LLC SCOTT CREDIT UNION COMMUNITY FOUNDATION 101 CREDIT UNION WAY EDWARDSVILLE IL 62025 823443031 CHARITABLE FOUNDATION IL 501(C)(3) LINE 7 SCOTT CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 SCOTT CREDIT UNION COMMUNITY FOUNDATION B 210004 ACTUAL