2014-11-13T09:07:11-06:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 360760135 CORPORATE AMERICA FAMILY CREDIT UNION CORP 8472142000 2075 BIG TIMBER ROAD ELGIN IL 601231140 PETER PAULSON PRESIDENT 8472142000 2014-11-06 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z PETER PAULSON 2075 BIG TIMBER ROAD ELGIN IL 601231140 32851884 0 X WWW.CAFCU.ORG X 1939 IL CORPORATE AMERICA FAMILY CREDIT UNION IS A NOT FOR PROFIT, MEMBER OWNED AND DIRECTED FINANCIAL COOPERATIVE DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR ITS MEMBERS. 9 8 223 0 0 0 0 0 24909852 25172364 4238028 3573036 0 3220 29147880 28748620 0 0 2361887 1689239 11491102 11993715 0 0 0 12058597 8476860 25911586 22159814 3236294 6588806 568128863 571004092 484686840 485376509 83442023 85627583 CORPORATE AMERICA FAMILY CREDIT UNION (CAFCU) IS A NOT FOR PROFIT, MEMBER OWNED AND DIRECTED FINANCIAL COOPERATIVE DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR ITS MEMBERS. 0 0 RECEIVED DEPOSITS FROM 67,839 MEMBERS. THE CREDIT UNION PROVIDES SAVINGS PRODUCTS TO MEMBERS AT VERY COMPETITIVE RATES INCLUDING REGULAR SHARES, MONEY MARKETS, CERTIFICATES OF DEPOSIT, AND IRA PRODUCTS. THE CREDIT UNION ALSO PROVIDES A VARIETY OF CHECKING ACCOUNTS INCLUDING A TRADITIONAL CHECKING ACCOUNT THAT IS FREE TO OUR MEMBERS. PROVIDED CONSUMER LOANS TO 5,733 MEMBERS. THE TYPES OF CONSUMER LOANS PROVIDED TO THE MEMBERSHIP INCLUDE AUTO LOANS, PERSONAL LOANS AND CREDIT CARDS. CONSUMER LOANS ARE OFFERED AT COMPETITIVE RATES. PROVIDED FIRST MORTGAGE AND HOME EQUITY LOANS TO 292 MEMBERS. THE TYPES OF FIRST MORTGAGE LOANS OFFERED ARE FIXED RATE AND VARIABLE RATE LOANS. THE HOME EQUITY LOANS ARE ALSO EITHER FIXED RATE OR VARIABLE LINES OF CREDIT. 0 0 1 0 0 0 0 0 0 1 1 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 1 0 1 12814 0 1 223 1 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X EMILY FORNWALL 8472142012 2075 BIG TIMBER ROAD ELGIN IL 601231140 PETER PAULSON PRESIDENT 40.00 X X 282628 0 43081 COSTANZO MAESTRANZI CHAIRPERSON 1.00 X X 1493 0 0 RONALD KALISZ VICE CHAIRPERSON 1.00 X X 0 0 0 JOHN BLOZIS TREASURER 1.00 X X 0 0 0 KENNETH NAATZ SECRETARY 1.00 X X 0 0 0 MAURICE THOMPSON DIRECTOR 1.00 X 0 0 0 GLENN BROWN DIRECTOR 1.00 X 0 0 0 THOMAS RIECK DIRECTOR 1.00 X 726 0 0 PAULA BLONSKI DIRECTOR 1.00 X 0 0 0 ELLEN MEEHAN SENIOR VICE PRESIDENT 40.00 X 131494 0 25693 PAULA MCCARTHY SENIOR VICE PRESIDENT 40.00 X 118572 0 24285 ANDREW BOWEN VP TECHNOLOGY 40.00 X 101721 0 29483 RICHARD K WELLNER FORMER PRESIDENT 0.00 X 164507 0 0 801141 0 122542 5 1 1 0 ACI WORLDWIDE CORPORATION 3520 KRAFT RD STE 300 NAPLES FL 34105 SOFTWARE/SYSTEM PROVIDER 665154 FISERV 255 FISERV DRIVE PO BOX 979 BROOKFIELD WI 530080979 CORE SYSTEM PROVIDER 654094 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 PO BOX 807 MONETT MO 657088215 PLASTIC CARD PROVIDER 521752 THE DESIGNER'S DESK 28147 W COMMERCIAL AVE UNIT 1 LAKE BARRINGTON IL 60010 MARKETING/SUPPLIES 424331 LAMACCHIA GROUP LLC 157 NORTH MILWAUKEE ST MILWAUKEE WI 53202 GENERAL CONTRACTOR 345692 17 LOAN INCOME 522100 18166972 18166972 FEE INCOME 522100 7005392 7005392 25172364 3567503 3567503 3986905 121892 3942480 160784 44425 -38892 5533 5533 OTHER OPERATING INCOME 522100 3220 3220 3220 28748620 25175584 0 3573036 1689239 327928 8482484 738199 1619332 825772 46958 67200 76064 737114 790997 1765673 1119742 43228 155700 16 520766 434106 CHECKING EXPENSE 774445 DEBIT/CREDIT CARD EXPEN 762578 NCUA ASSESSMENT 380542 801731 22159814 1373606 1600509 49748905 29547382 278321686 301710159 756895 737917 12314679 7532478 4130818 4782201 229937868 229390988 3859085 3234936 568128863 571004092 4730471 4454419 479956369 480922090 484686840 485376509 X 0 0 0 0 83442023 85627583 83442023 85627583 568128863 571004092 X 6588806 -4776692 373446 X 0 1 X 1 0 15342 15342 15342 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 WEST DIEHL RD NAPERVILLE IL 605667107 363092340 15342 PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO CREDIT UNION POLITICAL ACTION COUNCIL THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C. 1065974 1065974 3852210 1743308 2108902 790205 483431 306774 6606290 5305739 1300551 4782201 FANNIE MAE/FREDDIE MAC/GINNIE MAE/FARMER MAC 192322531 F FEDERAL HOME LOAN BANK 7716011 F NCUA GUARANTEED NOTE 7635512 F NCUSIF DEPOSIT 4870550 C PRIVATE EXPT FDG 3576735 F CERTIFICATES OF DEPOSIT 6169221 C INVESTMENT IN ILLINOIS CREDIT UNION LEAGUE 250000 C CAPITAL SHARES IN CORPORATE CUS 4094839 C FEDERAL FARM CREDIT BUREAU 2755589 F 229390988 MEMBER SHARES 480922090 480922090 X X 1 1 X X 0 1 0 PETER PAULSON PRESIDENT 282628 0 0 0 0 0 23416 0 19665 0 325709 0 0 0 ELLEN MEEHAN SENIOR VICE PRESIDENT 131494 0 0 0 0 0 11991 0 13702 0 157187 0 0 0 RICHARD K WELLNER FORMER PRESIDENT 0 0 0 0 164507 0 0 0 0 0 164507 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS/SIGNIFICANT OTHER REIMBURSEMENT FOR BOARD DIRECTORS IS AUTHORIZED IF IT IS REASONABLE, APPROPRIATE, AND NECESSARY TO CARRY ON CREDIT UNION RELATED BUSINESS. SIGNIFICANT OTHER REIMBURSEMENT FOR EMPLOYEES MUST HAVE PRIOR APPROVAL BY THE PRESIDENT/CEO. PAYMENTS FOR TRAVEL EXPENSES OF A SIGNIFICANT OTHER IS CONSIDERED TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES: THE EMPLOYEE WELLNESS PROGRAM WILL PROVIDE HALF OF THE COST, WITH A MAXIMUM REIMBURSEMENT OF $300, TO EMPLOYEES PARTICIPATING IN ALLOWABLE PROGRAMS THAT CONTRIBUTE TO THEIR OVERALL HEALTH AND WELFARE FOR THE CALENDAR YEAR. ANY REIMBURSEMENT FOR HEALTH CLUB DUES/WELLNESS PROGRAMS ARE INCLUDED AS TAXABLE INCOME. PART I, LINE 4B RICHARD WELLNER IS THE RETIRED PRESIDENT OF THE CREDIT UNION WHO IS RECEIVING BENEFITS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH PAYS OVER A TEN YEAR PERIOD. THE COMPENSATION IS APPROPRIATELY REPORTED IN PART VII COLUMN D AND SCHDULE J, PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF COMPETITIVE SHARE AND LOAN RATES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. 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 11 THE BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE FORM 990 VIA THE BOARD INTRANET WITH TIME TO REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C CORPORATE AMERICA FAMILY CREDIT UNION HAS A CODE OF PROFESSIONAL STANDARDS, WHICH INCLUDES A SECTION ON AVOIDING CONFLICTS OF INTEREST. THE POLICY IS DISTRIBUTED ANNUALLY AND ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE THE CODE. THE CODE ALSO EXPLAINS WHO TO CONTACT IN SUCH A SITUATION. SELF REPORTING IS EXPECTED. ALL SUBMITTED INFORMATION IS THOROUGHLY INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY IS PREPARED ANNUALLY BY THE HUMAN RESOURCES DEPARTMENT. INFORMATION IS GATHERED FROM INDEPENDENT SOURCES AND IMPACTS ALL POSITIONS IN THE ORGANIZATION. EXECUTIVE MANAGEMENT MEETS WITH HUMAN RESOURCES TO REVIEW GRADE LEVELS AND PAY RANGES FOR ALL EMPLOYEES. THE CHAIRPERSON REVIEWS THE SALARY SURVEY PRIOR TO RECOMMENDING THE CEO'S SALARY. THE CEO'S SALARY IS SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORTS ARE AVAILABLE ON THE CREDIT UNION WEBSITE. CONFLICT OF INTEREST POLICY/CODE OF PROFESSIONAL STANDARDS AND GOVERNING DOCUMENTATION ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: INCOME FROM WHOLLY OWNED SUBSIDIARY -46,411. MERGED EQUITY 419,857. CORPORATE AMERICA FINANCIAL SERVICES INC 2075 BIG TIMBER ROAD ELGIN IL 601231140 364108945 INSURANCE/NONMEMBER ACTIVITY IL CORPORATE AMERICA FAMILY CREDIT UNION C 90354 493818 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 CORPORATE AMERICA FINANCIAL SERVICES INC O 54600 ACTUAL AMOUNT CORPORATE AMERICA FINANCIAL SERVICES INC Q 78602 ACTUAL AMOUNT CORPORATE AMERICA FINANCIAL SERVICES INC R 90354 ACTUAL AMOUNT