2025-11-16T17:27:23-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 376028123 CITIZENS EQUITY FIRST CREDIT UNION CITI 3096337000 PO BOX 1715 PEORIA IL 616561715 WYATT WOLVEN CFO 3096337000 2025-11-14 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-11-14 2024 2025-03-06 01:10:19Z WYATT WOLVEN PO BOX 1715 PEORIA IL 616561715 502311376 0 X WWW.CEFCU.COM X COOPERATIVE 1937 IL PROVIDE QUALITY SERVICE AND PRODUCTS TO IMPROVE THE FINANCIAL WELL BEING OF MEMBERS. 14 13 1211 13 3179842 0 0 0 328379019 376747525 35723945 122618218 3550230 546223 367653194 499911966 0 0 0 180149081 96733774 108386173 0 0 0 222369377 150103559 319103151 438638813 48550043 61273153 7460577542 7913483068 6670512719 7033122241 790064823 880360827 PROVIDE QUALITY SERVICE AND PRODUCTS TO IMPROVE THE FINANCIAL WELL BEING OF MEMBERS. 0 0 EXPANSION IN CALIFORNIA WITH THE OPENING OF THE GILROY MEMBER CENTER.LAUNCHED THE ILLINOIS STATE UNIVERSITY AND PEORIA RIVERMEN BRANDED DEBIT CARDS, STRENGTHENING AND ENHANCING THE RELATIONSHIPS WITH THESE ORGANIZATIONS, AND OFFERING MEMBERS THE OPPORTUNITY TO SHOW THEIR REDBIRD AND RIVERMEN PRIDE WITH A CEFCU-BRANDED DEBIT CARD! THESE ADDITIONS EXPANDED THE CREDIT UNION'S CO-BRANDED DEBIT CARDS BY JOINING THE ESTABLISHED SAN JOSE STATE UNIVERSITY DEBIT CARD - ALLOWING SJSU FANS TO SHOW THEIR SPARTAN SPIRIT! CONTINUED TO PROVIDE A WIDE VARIETY OF SAVINGS PRODUCTS WITH LOW FEES AND COMPETITIVE RATES. PAID DIVIDENDS TOTALING 36% OF REVENUES INCLUDING A $55 MILLION EXTRAORDINARY DIVIDEND DIVIDED BETWEEN BORROWERS AND SAVERS. PROVIDED A FULL RANGE OF MORTGAGE, CONSUMER, AND BUSINESS LOANS TO MEMBERS AND MEMBER OWNED BUSINESSES. GRANTED NEARLY $1.7 BILLION IN CONSUMER LOANS, OVER $373 MILLION IN MORTGAGE LOANS, AND OVER $70 MILLION TO MEMBER OWNED BUSINESSES. 0 0 1 0 0 0 0 1 0 1 0 0 0 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 1 0 1 333035 0 1 1211 1 1 1 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X WYATT WOLVEN 3096333826 5401 W DIRKSEN PARKWAY PEORIA IL 61607 MATTHEW J MAMER PRESIDENT-TREASURER 50.00 X X 776687 0 88442 JOSEPH R NEEDHAM CHAIRMAN 3.00 X X 0 0 0 JENNIFER T STRICKLAND VICE CHAIRMAN 3.00 X X 0 0 0 ERIC J RAHN VICE CHAIRMAN 3.00 X X 0 0 0 TIMOTHY R BRUNTON VICE CHAIRMAN 3.00 X X 0 0 0 KAVITA SACHDEV SECRETARY 4.00 X X 4623 0 0 TODD W BRYANT BOARD MEMBER 3.00 X 0 0 0 ANGEL G MARTINEZ BOARD MEMBER 3.00 X 1332 0 0 ROBERT M METZINGER BOARD MEMBER 3.00 X 2411 0 0 BILLY J FRANK BOARD MEMBER 3.00 X 0 0 0 JADA A HOERR BOARD MEMBER 3.00 X 0 0 0 SEAN D SCRANTON BOARD MEMBER 3.00 X 2329 0 0 MATTHEW D JOLIFF BOARD MEMBER 3.00 X 0 0 0 ALYCIA D HIGHTOWER CHIEF PEOPLE OFFICER 50.00 X 337365 0 51493 KEVIN D SCHNEIDER CHIEF LEGAL COUNSEL 50.00 X 406875 0 62548 MARK A HOFFMIRE CHIEF OPERATIONS OFFICER 50.00 X 365237 0 74294 TIMOTHY I DUNTON CHIEF DELIVERY OFFICER 50.00 X 380635 0 76942 WYATT S WOLVEN CHIEF FINANCIAL OFFICER 50.00 X 335216 0 30657 DIANNA L HUNTER CHIEF OPERATIONS OFFICER 50.00 X 292269 0 34246 PEDRO DIAZ VICE PRESIDENT 50.00 X 286262 0 34773 TODD R HALLER SENIOR VICE PRESIDENT 50.00 X 283867 0 47882 THERESA A LAKE VICE PRESIDENT 50.00 X 252797 0 43278 DENISE GHERE SENIOR VICE PRESIDENT 50.00 X 248179 0 39782 RONALD ROUTH VICE PRESIDENT 50.00 X 244421 0 55315 4220505 0 639652 187 0 1 0 MASTERCARD 2200 MASTERCARD BOULEVARD OFALLON MO 633687263 CREDIT CARDS 5146734 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD PROCESSING 4449397 Q2 SOFTWARE INC 2975 REGENT BOULEVARD IRVING TX 75320 ELECTRONIC BANKING SOLUTIONS 4177944 KELLY SCOTT AND MADISON INC 23983 NETWORK PLACE CHICAGO IL 60601 MARKETING 3602412 QUICKSILVER MAILING SERVICES 2308 NORTH GRAND AVENUE EAST SPRINGFIELD IL 62705 MAILING SERVICES 2651001 109 LOAN INTEREST 522100 321593008 321593008 FEES AND CHARGES 522100 55154517 51974675 3179842 376747525 103645436 103645436 547366 1143 546223 546223 546223 18935490 2435559 0 2398267 18935490 37292 18972782 18972782 499911966 374113906 3179842 122618218 180149081 3323601 77854472 7740229 13420097 6047774 354409 359761 9551987 8674289 7580599 8300436 151207 896677 32104819 7767285 1441624 PROVISION FOR LOAN LOSS 36540903 MISCELLANEOUS NON INTER 27522284 LOAN SERVICING 8857279 438638813 127186986 67496144 270623139 333536786 10886095 12405401 5781562580 6041893463 7960571 7891081 188792180 116261939 73456216 72530241 1059520602 1200040526 5345000 45345000 24677632 25215757 99358721 107128669 7460577542 7913483068 109314297 81131016 2838455 2911029 24849949 25541326 6533510018 6923538870 6670512719 7033122241 X 0 0 0 0 790064823 880360827 790064823 880360827 7460577542 7913483068 X 61273153 1735340 27287511 X X 0 1 X 1 0 45970 30970 15000 45970 1 CREDIT UNION PAC 1807 W DIEHL ROAD NAPERVILLE IL 60566 393092340 15000 PART I-A, LINE 1: CONTRIBUTIONS TO CREDIT UNION RELATED POLITICAL ACTION COMMITTEES. CONTRIBUTIONS TO FUND RAISING EVENTS OF ORGANIZATIONS THAT SUPPORT PARTIES AND/OR CANDIDATES. 0 1 X 19971417 19971417 84814130 41997928 42816202 5277555 3146831 2130724 78729078 71117180 7611898 72530241 MEMBER SHARES 6922724337 NONMEMBER SHARES 814533 6923538870 X PART IV, LINE 2B: CEFCU MAINTAINS FUNDS ON BEHALF OF CERTAIN MEMBERS IN ORDER TO PAY ANNUAL PROPERTY TAXES AND INSURANCE ON CERTAIN PROPERTIES MORTGAGED BY CEFCU. PART X, LINE 2: CEFCU IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. AS A STATE CHARTERED CREDIT UNION, CEFCU IS REQUIRED TO FILE IRS FORM 990. CEFCU HAS FILED TAX RETURNS FOR CALENDAR YEAR 2023 AND PRIOR YEARS FOR ACTIVITES THEY HAVE DEEMED TAXABLE AND HAS A MINIMAL NET OPERATING LOSS CARRYFORWARD AS OF THE 2023 CALENDAR YEAR. THE TAXING 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 CEFCU'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON CEFCU'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. CEFCU EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024 AND 2023. CEFCU'S 2021 THROUGH 2024 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X 1 1 X X X 0 1 0 MATTHEW J MAMER PRESIDENT-TREASURER 558974 0 187204 0 30509 0 82072 0 6370 0 865129 0 0 0 KEVIN D SCHNEIDER CHIEF LEGAL COUNSEL 354165 0 52710 0 0 0 58166 0 4382 0 469423 0 0 0 TIMOTHY I DUNTON CHIEF DELIVERY OFFICER 330527 0 46600 0 3508 0 64434 0 12508 0 457577 0 0 0 MARK A HOFFMIRE CHIEF OPERATIONS OFFICER 303961 0 38276 0 23000 0 70204 0 4090 0 439531 0 0 0 ALYCIA D HIGHTOWER CHIEF PEOPLE OFFICER 273182 0 33683 0 30500 0 44502 0 6991 0 388858 0 0 0 WYATT S WOLVEN CHIEF FINANCIAL OFFICER 289428 0 42135 0 3653 0 24756 0 5901 0 365873 0 0 0 TODD R HALLER SENIOR VICE PRESIDENT 235479 0 35994 0 12394 0 47882 0 0 0 331749 0 0 0 DIANNA L HUNTER CHIEF OPERATIONS OFFICER 241462 0 27807 0 23000 0 32752 0 1494 0 326515 0 0 0 PEDRO DIAZ VICE PRESIDENT 233606 0 37745 0 14911 0 30040 0 4733 0 321035 0 0 0 RONALD ROUTH VICE PRESIDENT 182917 0 31004 0 30500 0 44377 0 10938 0 299736 0 0 0 THERESA A LAKE VICE PRESIDENT 199651 0 33400 0 19746 0 41784 0 1494 0 296075 0 0 0 DENISE GHERE SENIOR VICE PRESIDENT 210528 0 30425 0 7226 0 33230 0 6552 0 287961 0 0 0 PART I, LINE 1A COMPANION TRAVEL IS PROVIDED FOR OFFICER AND BOARD MEMBER SPOUSES ATTENDING CREDIT UNION RELATED CONFERENCES. PART I, LINE 4B NAME: JOHN SIEFKEN, DESCRIPTION: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, CURRENT YEAR AMOUNT: $52,163. PLAN DESCRIPTION: SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN NAME: MATTHEW MAMER, DESCRIPTION: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, CURRENT YEAR AMOUNT: $0. PLAN DESCRIPTION: SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY: ACT FOR THE BOARD ON MATTERS ARISING BETWEEN REGULAR BOARD MEETINGS WHEN SUCH ACTION IS DEEMED NECESSARY. ENSURE THAT A SOUND CORPORATE GOVERNANCE INFRASTRUCTURE EXISTS AND IS PERIODICALLY REVIEWED; AS NEEDED, RECOMMEND MODIFICATIONS OR IMPROVEMENTS TO THE BOARD. REVIEW AND MAKE RECOMMENDATIONS ON VARIOUS POLICY MATTERS INVOLVING THE AFFAIRS OF CEFCU NOT COVERED BY OTHER COMMITTEES (EXPENDITURES, INVOLVING THE AFFAIRS OF CEFCU NOT COVERED BY OTHER COMMITTEES, IN EXCESS OF $250,000 MUST BE PRESENTED TO THE BOARD FOR APPROVAL). PERFORM SUCH OTHER DUTIES AS THE BOARD MAY FROM TIME TO TIME PRESCRIBE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE ESTABLISHED TO PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS. THE MEMBER/OWNERS ARE TIED TO THE CREDIT UNION BY A COMMON BOND (EMPLOYER, FAMILIES, GEOGRAPHIC REGION, INDUSTRY, OR SIMILAR AFFILIATION). FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL MEETING OF THE MEMBERS IS HELD FOR TRANSACTING OF CERTAIN BUSINESS, INCLUDING THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S SUPERVISORY COMMITTEE, BY A MAJORITY VOTE, MAY, AFTER WRITTEN NOTICE OF ITS INTENDED ACTION IS FIRST GIVEN TO THE BOARD OF DIRECTORS, CALL A SPECIAL MEETING OF THE MEMBERS TO CONSIDER ANY VIOLATION OF THE ILLINOIS CREDIT UNION ACT, THE ORGANIZATION'S ARTICLES OF INCORPORATION OR BYLAWS, OR ANY PRACTICE OF THE ORGANIZATION DEEMED BY THE SUPERVISORY COMMITTEE TO BE UNSAFE OR UNAUTHORIZED. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF FORM 990 AND ACCOMPANYING SCHEDULES AS PREPARED BY ITS STAFF, THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND ITS VICE PRESIDENT OF ACCOUNTING ARE EACH PROVIDED COPIES FOR REVIEW. THEIR REVIEW CONSISTS OF, BUT IS NOT LIMITED TO, COMPARING FIGURES REPORTED TO SUPPORTING DOCUMENTATION AS WELL AS A SERIES OF QUESTION AND ANSWER SESSIONS WITH PERTINENT STAFF. ALSO PRIOR TO FILING, THE FORMS ARE INSPECTED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CODE OF ETHICS POLICY INCLUDES ITS POSITION ON CONFLICTS OF INTEREST. THE CODE OF ETHICS POLICY IS REQUIRED TO BE SIGNED BY EACH EMPLOYEE DURING THE NEW EMPLOYEE ORIENTATION AND ANNUALLY THEREAFTER. THIS POLICY REQUIRES EMPLOYEES TO DOCUMENT IN WRITING ANY POTENTIAL CONFLICT OF INTEREST. THE ORGANIZATION'S VICE PRESIDENT OF INTERNAL AUDIT MAINTAINS THE RESPECTIVE WRITTEN DISCLOSURES AND IS RESPONSIBLE FOR THE ONGOING MONITORING AND ENFORCEMENT OF THIS PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGES A COMPENSATION CONSULTANT TO REVIEW ALL JOBS WITHIN THE ORGANIZATION. THE PROCESS IS DONE ON A STAGGERED BASIS WITH SENIOR MANAGEMENT, MANAGEMENT, AND WEEKLY POSITIONS REVIEWED EVERY 3-5 YEARS. IF A QUESTION ARISES REGARDING A PARTICULAR POSITION, THE CONSULTANT PROVIDES INDUSTRY AND REGIONAL INFORMATION REGARDING SUCH POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S CHIEF FINANCIAL OFFICER WILL PROVIDE SUCH DOCUMENTS FOR PUBLIC INSPECTION AT ITS CORPORATE HEADQUARTERS LOCATED AT 5401 W. DIRKSEN PKWY, PEORIA, IL 61607. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES 27,287,510. ROUNDING 1. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS FOR THE CONSOLIDATED ENTITY. OVERSIGHT IS PERFORMED BY THE SUPERVISORY COMMITTEE. CEFCU FINANCIAL SERVICES 5401 DIRKSEN PARKWAY PEORIA IL 61607 371172505 INSURANCE IL N/A C 1000069 6154162 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 CEFCU FINANCIAL SERVICES A 1143 ACTUAL CEFCU FINANCIAL SERVICES O 209031 ACTUAL CEFCU FINANCIAL SERVICES Q 209031 ACTUAL