2025-11-17T08:15:12-06:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 370643547 LAND OF LINCOLN CREDIT UNION LAND 2178643030 1435 N WATER ST DECATUR IL 62526 BLAKE REYNOLDS CFO 2178643030 2025-11-14 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-11-14 2024 2025-03-06 01:10:19Z ROBERT ARES 1435 N WATER ST DECATUR IL 62526 35371657 0 X WWW.LLCU.ORG X COOPERATIVE 1947 IL TO PROVIDE EDUCATION AND SERVICES TO OUR MEMBERS SO THEY CAN ACHIEVE FINANCIAL SUCCESS. 9 9 237 10 5900 1632 29699 1054976 24738984 29711821 2492781 2819693 67176 65176 27328640 33651666 132502 202680 0 5905642 9210172 10792397 0 0 0 15262512 13849555 24605186 30750274 2723454 2901392 450797421 469570900 416149858 430420799 34647563 39150101 TO PROVIDE EDUCATION AND SERVICES TO OUR MEMBERS SO THEY CAN ACHIEVE FINANCIAL SUCCESS. 0 0 PROVIDED 6,412 CONSUMER LOANS TO MEMBERS. PROVIDED MORTGAGE LOANS TO 244 MEMBERS. PROVIDED SAVINGS VEHICLES AND OTHER FINANCIAL SERVICES TO 35,023 MEMBERS. 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7169 0 1 237 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 1 1 1 1 0 X BEVERLY DAVIS-EVPCOO 2178643030 4850 E PROSPERITY PL DECATUR IL 62521 TONY BROWN CHAIR 1.00 X X 0 0 0 DAVID VENTER VICE CHAIR 0.50 X X 0 0 0 CHARLES PHILLIPS SECRETARY-TREASURER 0.50 X X 0 0 0 KYLE RISBY TREASURER (THRU FEB) 0.50 X X 0 0 0 ROBERT ALLEN BOARD MEMBER 0.50 X 0 0 0 MARK CRAWFORD BOARD MEMBER 0.50 X 0 0 0 TONI CURRIE BOARD MEMBER (THRU FEB) 0.50 X 0 0 0 CARIE CYCHOL BOARD MEMBER 0.50 X 0 0 0 TARA MURRAY BOARD MEMBER 0.50 X 0 0 0 NICOLE PINKSTON BOARD MEMBER 0.50 X 0 0 0 JOE RIDDER BOARD MEMBER 0.50 X 0 0 0 ROBERT ARES PRESIDENT/CEO 45.00 X 349147 0 34134 BEVERLY DAVIS COO 45.00 X 222954 0 16960 CHRIS SMITH CFO 45.00 X 146538 0 21964 BEN AUSTIN CIO 45.00 X 177285 0 25799 HOWARD MARTIN SVP COMMERICAL LENDING 45.00 X 167639 0 11092 BRANDI BINKLEY CHIEF HUMAN RESOURCES OFFI 45.00 X 159016 0 18298 BLAKE REYNOLDS VP OF OPERATONS 45.00 X 147251 0 18645 CAYLA HITTMEIER CMO 45.00 X 143008 0 16434 1512838 0 163326 9 0 1 0 WIPFLI LLP PO BOX 3160 MILWAUKEE WI 52301 AUDIT SERVICES 136424 1 1054976 1054976 INTEREST ON LOANS 522100 19857555 19857555 FEE INCOME 522100 4835424 4835424 INTERCHANGE INCOME 522100 3202648 3202648 INSURANCE INCOME 524298 1249456 1243556 5900 CREDIT AND DEBIT CARD FEE INCOME 522100 224055 224055 342683 342683 29711821 2753268 2753268 65176 0 65176 65176 65176 1782100 4316 1719991 0 62109 4316 66425 66425 33651666 29705921 5900 2884869 202680 5905642 791696 8029364 380136 955954 635247 71368 162750 415755 923795 2572875 1242050 902252 144962 1034 1180425 32502 PROVISION FOR LOAN LOSS 2701606 DEBIT CARD EXPENSE 1589004 LOAN SERVICING EXPENSE 1402743 DFI REGULATORY FEE 120004 386430 30750274 4214605 3985605 8505874 29522319 1448593 1585645 2709160 2716368 303563939 310577370 1508502 1442567 26855728 12928013 12104425 13927715 92031128 84050342 3153833 1334733 9010952 8781154 12546410 11647082 450797421 469570900 1813902 1979226 414335956 428441573 416149858 430420799 X 0 0 0 0 34647563 39150101 34647563 39150101 450797421 469570900 X 2901392 1420767 180379 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 5000 5000 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 W DIEHL ROAD NAPERVILLE IL 60566 363092340 5000 PART I-A, LINE 1: CONTRIBUTED TO THE CREDIT UNION POLITICAL ACTION COMMITTEE 1899386 1899386 14637854 5699543 8938311 281575 226908 54667 8881339 7001562 1879777 1155574 1155574 13927715 MEMBERS' SHARE AND SAVINGS ACCOUNTS 428441573 428441573 32802753 180379 180379 32622374 1029292 1029292 33651666 29720982 108 108 29720874 1029400 1029400 30750274 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 180,379. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -108. GAIN ON OREO SALES 4,424. ERTC RETENTION CREDIT NETTED AGAINST EXPENSES ON FINANCIALS 1,024,976. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 108. PART XII, LINE 4B - OTHER ADJUSTMENTS: ERTC RETENTION CREDIT NETTED AGAINST EXPENSES ON FINANCIALS 1,024,976. GAIN ON OREO SALES 4,424. 1 EMPOWERMENT OPPORTUNITY CENTER 360 E MARIETTA STREET DECATUR IL 62521 370864527 501(C)(3) 25000 0 ORGANIZATION SUPPORT CHELP DEMENTIA FRIENDLY 2545 MILLIKIN PKWY DECATUR IL 62526 371092066 501(C)(3) 20000 0 ORGANIZATION SUPPORT DECATUR SCHOOL DISTRICT 101 WEST CERRO GORDO STREET DECATUR IL 62523 376003703 GOV'T 20000 0 ORGANIZATION SUPPORT HOMEWORK HANGOUT INC 249 S WEBSTER SUITE 211A DECATUR IL 62521 371332833 501(C)(3) 20000 0 ORGANIZATION SUPPORT HABITAT FOR HUMANITY 932 E WOOD STREET DECATUR IL 62521 371222930 501(C)(3) 10000 0 ORGANIZATION SUPPORT 5 0 PART I, LINE 2: THE ORGANIZATION KEEPS RECORD OF THE GRANTS IT PAYS TO OTHER ORGANIZATIONS. X X X 0 1 0 ROBERT ARES PRESIDENT/CEO 282829 0 31695 0 34623 0 20935 0 13199 0 383281 0 0 0 BEVERLY DAVIS COO 186960 0 22495 0 13499 0 13328 0 3632 0 239914 0 0 0 BEN AUSTIN CIO 146225 0 27751 0 3309 0 11358 0 14441 0 203084 0 0 0 HOWARD MARTIN SVP COMMERICAL LENDING 143645 0 16591 0 7403 0 9956 0 1136 0 178731 0 0 0 BRANDI BINKLEY CHIEF HUMAN RESOURCES OFFI 136879 0 19244 0 2893 0 9908 0 8390 0 177314 0 0 0 CHRIS SMITH CFO 123915 0 16395 0 6228 0 9425 0 12539 0 168502 0 0 0 BLAKE REYNOLDS VP OF OPERATONS 126829 0 15945 0 4477 0 9238 0 9407 0 165896 0 0 0 CAYLA HITTMEIER CMO 126102 0 15789 0 1117 0 8898 0 7536 0 159442 0 0 0 PART I, LINE 4B THERE ARE NO 457F PLANS FOR VP'S IN PLACE AS OF 12-31-24 THE ORGANIZATION, FOR ROBERT ARES AND BEVERLY DAVIS, ENTERED INTO A SPLIT DOLLAR LIFE INSURANCE AGREEMENT IN 2022 UNDER WHICH THE ORGANIZATION WILL MAKE PAYMENTS FOR THE POLICY OWNED BY THE TWO OFFICERS. FURTHER DETAILS ARE PROVIDED IN THE ACCOMPANYING SCHEDULE L. ROBERT ARES PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 1627160 1617620 0 1 1 BEVERLY DAVIS COO SPLIT DOLLAR LIFE INSURANCE X 1107552 1098748 0 1 1 2716368 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT HAD 35,023 MEMBERS AS OF DECEMBER 31, 2024. MEMBERS OWNING ONE SHARE QUALIFY TO ELECT THE GOVERNING BODY, APPROVE CHANGES TO THE CHARTER AND RECEIVE THEIR SHARE OF NET ASSETS IF THE CREDIT UNION WERE TO DISSOLVE. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HOLDS AN ANNUAL MEETING TO ELECT DIRECTORS, WITH ALL MEMBERS MAINTAINING ONE OR MORE SHARES ELIGIBLE TO PARTICIPATE. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BY-LAWS AND ARTICLES OF INCORPORATION REQUIRE APPROVAL BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FILED FORM 990 IS PROVIDED FOR REVIEW TO THE BOARD OF DIRECTORS AT THE FIRST BOARD MEETING SUBSEQUENT TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ON AT LEAST A QUARTERLY BASIS THE CFO REVIEWS ACCOUNTS OF BOARD MEMBERS, KEY EMPLOYEES, AND IMMEDIATE FAMILY MEMBERS, AS WELL AS MONITORING INVOICES PAID BY THE CREDIT UNION. IN ADDITION, EMPLOYEE ACCOUNTS ARE REVIEWED AS PART OF THE ANNUAL FINANCIAL AUDIT. THE CREDIT UNION MAINTAINS THE FOLLOWING CREDIT UNION CONFLICT OF INTEREST POLICY: ALL EMPLOYEES, OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AGENTS OR ATTORNEYS (HEREINAFTER "CREDIT UNION OFFICIAL") OF THIS CREDIT UNION (HEREINAFTER "CREDIT UNION") ARE PROHIBITED FROM (1) SOLICITING FOR THEMSELVES OR FOR A THIRD PARTY (OTHER THAN THE CREDIT UNION ITSELF) ANYTHING OF VALUE FROM ANYONE IN RETURN FOR ANY BUSINESS, SERVICE OR CONFIDENTIAL INFORMATION OF THE CREDIT UNION AND FROM (2) ACCEPTING ANYTHING OF VALUE (OTHER THAN BONAFIDE SALARY, WAGES, FEES OR OTHER COMPENSATION PAID, OR EXPENSES PAID OR REIMBURSED IN THE USUAL COURSE OF BUSINESS) FROM ANYONE IN CONNECTION WITH THE BUSINESS OF THE CREDIT UNION EITHER BEFORE OR AFTER A TRANSACTION IS DISCUSSED OR CONSUMMATED. CREDIT UNION OFFICIALS ARE PROHIBITED FROM SELF-DEALING OR OTHERWISE TRADING ON THEIR POSITIONS WITH THE CREDIT UNION OR ACCEPTING FROM ONE DOING OR SEEKING TO DO BUSINESS WITH THE CREDIT UNION A BUSINESS OPPORTUNITY NOT AVAILABLE TO OTHER PERSONS OR MADE AVAILABLE BECAUSE OF SUCH OFFICIALS' POSITIONS WITH THE CREDIT UNION. CREDIT UNION OFFICIALS MUST DISCLOSE TO THE CREDIT UNION ALL POTENTIAL CONFLICTS OF INTEREST, INCLUDING THOSE IN WHICH THEY HAVE BEEN INADVERTENTLY PLACED DUE TO EITHER BUSINESS OR PERSONAL RELATIONSHIPS WITH MEMBERS, SUPPLIERS, BUSINESS ASSOCIATES, OR COMPETITORS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS CEO POSITION COMPENSATION ANNUALLY USING PEER DATA FROM FINANCIAL INSTITUTION SURVEYS AND INDUSTRY TRADE ORGANIZATIONS, AS WELL AS LLCU PERFORMANCE, TO DETERMINE APPROPRIATE COMPENSATION FOR THE CEO POSITION. THE BOARD SETS THE SALARY OF THE CEO. THE CEO REVIEWS CORRESPONDING POSITION COMPENSATION FOR EACH OFFICER AND KEY EMPLOYEE ANNUALLY USING PEER DATA FROM FINANCIAL INSTITUTION SURVEYS AND INDUSTRY TRADE ORGANIZATIONS, AS WELL AS LLCU PERFORMANCE, TO DETERMINE APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE. IN ADDITION, QUARTERLY CALL REPORT DATA IS AVAILABLE ON THE SHARE INSURER'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE UNREALIZED GAINS 180,379.