2025-11-17T09:24:01-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 370560167 UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION UNIV 2172787700 2201 S FIRST ST CHAMPAIGN IL 618207402 TRAVIS VERMILLION CFO 2172787700 2025-11-14 1 1 TANYA MEDGAARDEN P01717240 5074347000 2025-11-13 2024 2025-03-06 01:10:19Z CHRIS HARLAN 2201 S FIRST ST CHAMPAIGN IL 618207402 52742080 0 1 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 OTHERFINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 9 9 210 9 30600 0 0 0 31769959 37957876 5839544 7258326 6674660 7525878 44284163 52742080 306700 304062 3346424 7301362 14738038 14921636 0 0 0 22917826 30369565 41308988 52896625 2975175 -154545 649802588 678166388 595373005 623400648 54429583 54765740 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 SAVINGS AND CHECKING PROGRAMS: SERVICED 27,196 SHARE DRAFT ACCOUNTS, 67,344 SHARE SAVINGS ACCOUNTS, 3,027 MONEY MARKET ACCOUNTS, 1,678 IRA ACCOUNTS, 3,940 SHARE CERTIFICATES. CREDIT UNION LOAN PROGRAMS: PROVIDED 25,411 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 23,812 CREDIT CARDS TO MEMBERS. SUPPORT ALL BUSINESS RELATED MEMBER SERVICES. 0 0 1 0 0 0 0 0 0 1 1 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 0 0 0 0 1 57 0 210 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 1 0 X X JENNIFER PEYTON 2172787700 2201 S FIRST STREET CHAMPAIGN IL 61820 ANNI MCCLELLAN CHAIRPERSON 1.00 X X 0 0 0 AARON CARTER BOARD VICE CHAIRPERSON 1.00 X X 0 0 0 JANE SOLON BOARD SECRETARY 1.00 X X 0 0 0 CHRIS RANDLES BOARD TREASURER 1.00 X X 0 0 0 NAPOLEON KNIGHT BOARD MEMBER 1.00 X 0 0 0 M CHRIS HANSEN BOARD MEMBER (PART-YEAR) 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 BOARD MEMBER 1.00 X 0 0 0 PHILLIP ROWELL BOARD MEMBER 1.00 X 0 0 0 CHRIS HARLAN PRESIDENT/CEO 40.00 X 422014 0 33121 JENNIFER PEYTON CONTROLLER 40.00 X 248676 0 26210 KIM CHEEK SVP/CHIEF ADMIN OFFICER 40.00 X 242401 0 25149 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 40.00 X 184549 0 15112 TRAVIS VERMILLION CFO 40.00 X 223834 0 27262 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 40.00 X 215048 0 13457 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 40.00 X 207671 0 21703 ZACH GRITTON SVP OF INFORMATION TECHNOLO 40.00 X 201208 0 26476 KATE ROGERS SVP OF DIGITAL SERVICES & P 40.00 X 201280 0 23281 LISA PAUL SVP OF MEMBER EXPERIENCE 40.00 X 206312 0 13777 BARBARA MICHAEL MERGER CONTRACT 0.00 X 170938 0 14894 JENNA HOWE AVP LENDING 40.00 X 138351 0 11338 BARBARA MORRIS MERGER CONTRACT 0.00 X 131200 0 13333 VICKI BUFFO AVP MEMBER EXPERIENCE 40.00 X 122868 0 15395 KELLY BUSCH AVP TALENT DEVELOPMENT 40.00 X 118439 0 8180 3034789 0 288688 27 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 VISA PROGRAM MANAGEMENT 2494725 LUMIN 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DIGITAL PROGRAM MANAGEMENT 994181 VISA USA PO BOX 8999 SAN FRANCISCO CA 90074 CARD MANAGEMENT 776827 JACK HENRY 663 W HWY 60 MONETT MO 65708 CORE MANAGEMENT 749761 AMPLIFY LOYALTY SOLUTIONS 1620 BOND ST NAPERVILLE IL 60563 LOYALTY PROGRAM ADMINISTRATION 593042 30 LOAN PROGRAM REVENUE 522100 33832467 33832467 FEE INCOME 522100 4125409 4094809 30600 37957876 7244308 7244308 14018 0 14018 14018 14018 OTHER OPERATING INCOME 522100 7525878 7525878 7525878 52742080 45467172 30600 7244308 304062 7301362 2578541 9956287 200707 1266181 919920 331762 8430 187885 711588 9304376 951200 447091 5032676 908343 CREDIT LOSS EXPENSE 7699698 LOAN SERVICING 4492143 MISC OPERATING EXPENSES 174452 OPERATING FEES 119921 52896625 6282677 9385508 25196046 27204056 254680 1550428 8496302 8633100 533518930 559418830 4197201 3554964 23469963 14812668 7974034 8657295 49432919 38285243 3901558 3557788 10548241 17919176 649802588 678166388 4855701 2479678 31000000 12000000 559517304 608920970 595373005 623400648 X 0 0 0 0 54429583 54765740 54429583 54765740 649802588 678166388 X -154545 503510 -12808 X X 0 1 X 1 0 0 0 0 0 0 CREDIT UNION POLITICAL ACTION COUNCIL 1807 W DIEHL ROAD NAPERVILLE IL 60563 363092340 5600 PART I-A, LINE 1: THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COUNCIL. PART I-C, LINE 4 A FORM 1120-POL WAS NOT FILED BY THE ORGANIZATION IN 2024. 2113830 2113830 11011370 5959056 5052314 10344763 8853612 1491151 8657295 AFS SECURITIES 34578179 F OTHER INVESTMENTS 3707064 C 38285243 MEMBER SHARES OF ALL TYPES 575068627 NONMEMBER DEPOSITS 33852343 608920970 X 52728062 0 52728062 14018 14018 52742080 52882607 0 52882607 14018 14018 52896625 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, 2024 AND 2023. THE CREDIT UNION'S 2022 THROUGH 2024 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS INCLUDED IN REVENUE FOR 990 PURPOSES 14,018. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS INCLUDED IN REVENUE FOR 990 PURPOSES 14,018. 1 KRANNERT CENTER 500 S GOODWIN URBANA IL 61801 376000511 501(C)(3) 10000 0 SPONSORSHIP OF ARTS PROGRAMMING AT U OF I KRANNERT CENTER FOR THE PERFORMING ARTS UNIVERSITY OF ILLINOIS DIA 1700 S FOURTH STREET CHAMPAIGN IL 61820 376000511 501(C)(3) 260000 0 SPONSORSHIP OF ATHLETICS AT THE UNIVERSITY OF ILLINOIS ICON COLLECTIVE 505 N STATE STREET 1907 CHICAGO IL 60654 921193031 501(C)(3) 6062 0 GOLF SPONSORSHIP ALLERTON PARK AND RETREAT CENTER 515 OLD TIMBER ROAD MONTICELLO IL 61856 376000511 501(C)(3) 8000 0 ALLERTON PARK AND RETREAT CENTER 4 PART I, LINE 2: THE CREDIT UNION HAS A FORMAL WRITTEN POLICY THAT HAS ESTABLISHED CRITERIA FOR EVALUATING REQUESTS FOR CONTRIBUTIONS AND DONATIONS. REQUESTS 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 1 1 X X 0 1 0 CHRIS HARLAN PRESIDENT/CEO 366584 0 55430 0 0 0 13800 0 19321 0 455135 0 0 0 JENNIFER PEYTON CONTROLLER 213854 0 34822 0 0 0 8964 0 17246 0 274886 0 0 0 KIM CHEEK SVP/CHIEF ADMIN OFFICER 210179 0 32222 0 0 0 7936 0 17213 0 267550 0 0 0 TRAVIS VERMILLION CFO 197145 0 26689 0 0 0 8290 0 18972 0 251096 0 0 0 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 181128 0 26543 0 0 0 7569 0 14134 0 229374 0 0 0 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 187335 0 27713 0 0 0 4653 0 8804 0 228505 0 0 0 ZACH GRITTON SVP OF INFORMATION TECHNOLO 175441 0 25767 0 0 0 7523 0 18953 0 227684 0 0 0 KATE ROGERS SVP OF DIGITAL SERVICES & P 175067 0 26213 0 0 0 4328 0 18953 0 224561 0 0 0 LISA PAUL SVP OF MEMBER EXPERIENCE 183227 0 23085 0 0 0 4981 0 8796 0 220089 0 0 0 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 155720 0 28829 0 0 0 6295 0 8817 0 199661 0 0 0 BARBARA MICHAEL MERGER CONTRACT 170938 0 0 0 0 0 6897 0 7997 0 185832 0 0 0 PART I, LINE 1A THE CREDIT UNION PAYS FOR SPOUSAL TRAVEL FOR BOARD MEMBERS INCLUDING AIRFARE AND ANY EXTRA CHARGES FOR MEALS OUT. PART I, LINE 4B CHRIS HARLAN - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 JENNIFER PEYTON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 KIM CHEEK - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 GREG ANDERSON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 STACEY RUSSELL - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 TRAVIS VERMILLION - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 SUSAN TOALSON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 ZACH GRITTON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 KATE ROGERS - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 LISA PAUL - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2024 CHRIS HARLAN PRESIDENT/CEO SPLIT DOLLAR LOAN X 980000 980000 0 1 1 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF SPLIT DOLLAR LOAN X 500000 527800 0 1 1 KIM CHEEK SVP/CHIEF ADMIN OFFICER SPLIT DOLLAR LOAN X 1100000 1161160 0 1 1 ZACH GRITTON SVP OF INFORMATION TECHNOLO SPLIT DOLLAR LOAN X 500000 527800 0 1 1 LISA PAUL SVP OF MEMBER EXPERIENCE SPLIT DOLLAR LOAN X 325000 343070 0 1 1 JENNIFER PEYTON EVP/CFO SPLIT DOLLAR LOAN X 1200000 1266720 0 1 1 KATE ROGERS SVP OF DIGITAL SERVICES & P SPLIT DOLLAR LOAN X 500000 527800 0 1 1 STACEY RUSSELL SVP/CHIEF LENDING OFFICER SPLIT DOLLAR LOAN X 975000 1029210 0 1 1 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT SPLIT DOLLAR LOAN X 1400000 1477840 0 1 1 TRAVIS VERMILLION SVP/CRO SPLIT DOLLAR LOAN X 750000 791700 0 1 1 8633100 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD DELEGATES AUTHORITY TO ALCO, LENDERS, LEADERSHIP, ETC, TO MAKE DECISIONS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THE ARTICLES OF INCORPORATION TO UPDATE MEMBERSHIP LIMITATIONS. 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 990 IS REVIEWED BY THE PREPARER, THE COMPTROLLER AND THE CFO 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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: CHANGE IN OCI -12,808. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.