2024-09-04T15:55:12-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 370560167 UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION UNIV 2172787700 2201 S FIRST ST CHAMPAIGN IL 618207402 TRAVIS VERMILLION CHIEF RISK OFFICER 2172787700 2024-09-03 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-09-03 2023 2024-08-08 14:25:15Z CHRIS HARLAN 2201 S FIRST ST CHAMPAIGN IL 618207402 44284163 0 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 OTHER FINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 9 9 210 9 30136 0 0 0 20502045 31769959 2503367 5839544 6414178 6674660 29419590 44284163 296250 306700 796689 3346424 11308160 14738038 0 0 0 14225740 22917826 26626839 41308988 2792751 2975175 590567781 649802588 539429355 595373005 51138426 54429583 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 LOAN PROGRAMS: PROVIDED 25,324 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 21,898 CREDIT CARDS TO MEMBERS. 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. 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 49 0 210 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 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 401656 0 44623 JENNIFER PEYTON EVP/CFO 40.00 X 246944 0 32186 KIM CHEEK SVP/CHIEF ADMIN OFFICER 40.00 X 230474 0 30607 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 40.00 X 207889 0 23322 TRAVIS VERMILLION SVP/CRO 40.00 X 188836 0 30722 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 40.00 X 196752 0 22174 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 40.00 X 187847 0 27245 ZACH GRITTON SVP OF INFORMATION TECHNOLO 40.00 X 173603 0 26101 KATE ROGERS SVP OF DIGITAL SERVICES & P 40.00 X 169444 0 29208 LISA PAUL SVP OF MEMBER EXPERIENCE 40.00 X 161710 0 19785 JENNA HOWE AVP LENDING 40.00 X 142267 0 17494 PHILIP DYKSTRA MORTGAGE LOAN OFFICER 40.00 X 123865 0 19345 KEON CONERLY AVP BUSINESS INTELLIGENCE 40.00 X 112126 0 20108 VICKI BUFFO AVP MEMBER EXPERIENCE 40.00 X 111665 0 19820 KELLY BUSCH AVP TALENT DEVELOPMENT 40.00 X 114039 0 16034 BARBARA MICHAEL FORMER OFFICER - MERGER CONTRACT 0.00 X 171178 0 16654 BARBARA MORRIS FORMER OFFICER - MERGER CONTRACT 0.00 X 131544 0 14573 BRENDA RIDDLE FORMER OFFICER - MERGER CONTRACT 0.00 X 102438 0 12960 3174277 0 422961 21 1 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 VISA PROGRAM MANAGEMENT 2669856 LUMIN 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DIGITAL PROGRAM MANAGEMENT 1075585 VISA USA PO BOX 8999 SAN FRANCISCO CA 90074 CARD MANAGEMENT 672523 JACK HENRY 663 W HWY 60 MONETT MO 65708 CORE MANAGEMENT 662412 AMPLIFY LOYALTY SOLUTIONS 1620 BOND ST NAPERVILLE IL 60563 LOYALTY PROGRAM ADMINISTRATION 623227 5 LOAN PROGRAM REVENUE 522100 27899797 27899797 FEE INCOME 522100 3870162 3840026 30136 31769959 5839544 5839544 OTHER OPERATING INCOME 522100 6674660 6674660 6674660 44284163 38414483 30136 5839544 306700 3346424 2451128 9702512 550074 1121297 913027 368544 20842 118481 532991 8262231 747026 309866 4040500 855477 LOAN SERVICING 4036354 CREDIT LOSS EXPENSE 3348270 MISC OPERATING EXPENSES 187024 OPERATING FEES 90220 41308988 5201708 6282677 40566414 25196046 1750434 254680 980000 8496302 459279711 533518930 11325330 4197201 21876407 13902373 7949306 7974034 55306015 49432919 1881985 3901558 6326878 10548241 590567781 649802588 6703798 4855701 3000000 31000000 529725557 559517304 539429355 595373005 X 0 0 0 0 51138426 54429583 51138426 54429583 590567781 649802588 X 2975175 962810 -646828 X X 0 1 X 1 0 0 0 0 0 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 W DIEHL ROAD NAPERVILLE IL 60563 363092340 10700 PART I-A, LINE 1: THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COUNCIL FOR $10,700. 2113830 2113830 10086283 5570466 4515817 9676294 8331907 1344387 7974034 AFS SECURITIES 45567855 F OTHER INVESTMENTS 3865064 C 49432919 MEMBER SHARES OF ALL TYPES 539216307 NONMEMBER DEPOSITS 20300997 559517304 X 44284163 0 44284163 0 44284163 41308990 2 2 41308988 0 41308988 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, 2023 AND 2022. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 2. 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 FIGHTING ILLINI SPORTS PROPERTY LLC PO BOX 843038 KANSAS CITY MO 64184 933102789 501(C)(3) 20000 0 SPONSORHIP OF JUMBOTRON AT ATHLETIC EVENTS AT THE UNIVERSITY OF ILLINOIS PARKLAND COLLEGE 2400 W BRADLEY AVE CHAMPAIGN IL 61821 370892090 501(C)(3) 5350 0 SPONSORSHIP OF PROGRAMMING AT PARKLAND COMMUNITY COLLEGE ICON COLLECTIVE 505 N STATE STREET 1907 CHICAGO IL 60654 921193031 501(C)(3) 6350 0 GOLF SPONSORSHIP 5 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 X 0 1 0 CHRIS HARLAN PRESIDENT/CEO 348744 0 52912 0 0 0 27589 0 17034 0 446279 0 0 0 JENNIFER PEYTON EVP/CFO 212687 0 34257 0 0 0 18540 0 13646 0 279130 0 0 0 KIM CHEEK SVP/CHIEF ADMIN OFFICER 198885 0 31589 0 0 0 16995 0 13612 0 261081 0 0 0 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 179255 0 28634 0 0 0 15184 0 8138 0 231211 0 0 0 TRAVIS VERMILLION SVP/CRO 164997 0 23839 0 0 0 14036 0 16686 0 219558 0 0 0 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 170575 0 26177 0 0 0 14066 0 8108 0 218926 0 0 0 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 164760 0 23087 0 0 0 13697 0 13548 0 215092 0 0 0 ZACH GRITTON SVP OF INFORMATION TECHNOLO 155564 0 18039 0 0 0 12502 0 13599 0 199704 0 0 0 KATE ROGERS SVP OF DIGITAL SERVICES & P 150797 0 18647 0 0 0 12560 0 16648 0 198652 0 0 0 BARBARA MICHAEL FORMER OFFICER - MERGER CONTRACT 171178 0 0 0 0 0 9196 0 7458 0 187832 0 0 0 LISA PAUL SVP OF MEMBER EXPERIENCE 143063 0 18647 0 0 0 11685 0 8100 0 181495 0 0 0 JENNA HOWE AVP LENDING 142267 0 0 0 0 0 9856 0 7638 0 159761 0 0 0 BARBARA MORRIS FORMER OFFICER - MERGER CONTRACT 131544 0 0 0 0 0 7115 0 7458 0 146117 0 0 0 BRENDA RIDDLE FORMER OFFICER - MERGER CONTRACT 102438 0 0 0 0 0 5502 0 7458 0 115398 0 0 0 PART I, LINE 4B CHRIS HARLAN - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 JENNIFER PEYTON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 KIM CHEEK - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 GREG ANDERSON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 STACEY RUSSELL - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 TRAVIS VERMILLION - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 SUSAN TOALSON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 ZACH GRITTON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 KATE ROGERS - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 LISA PAUL - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 CHRIS HARLAN PRESIDENT/CEO SPLIT DOLLAR LOAN X 980000 980000 0 1 1 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF SPLIT DOLLAR LOAN X 500000 518366 0 1 1 KIM CHEEK SVP/CHIEF ADMIN OFFICER SPLIT DOLLAR LOAN X 1100000 1140404 0 1 1 ZACH GRITTON SVP OF INFORMATION TECHNOLO SPLIT DOLLAR LOAN X 500000 518366 0 1 1 LISA PAUL SVP OF MEMBER EXPERIENCE SPLIT DOLLAR LOAN X 325000 336938 0 1 1 JENNIFER PEYTON EVP/CFO SPLIT DOLLAR LOAN X 1200000 1244077 0 1 1 KATE ROGERS SVP OF DIGITAL SERVICES & P SPLIT DOLLAR LOAN X 500000 518366 0 1 1 STACEY RUSSELL SVP/CHIEF LENDING OFFICER SPLIT DOLLAR LOAN X 975000 1010813 0 1 1 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT SPLIT DOLLAR LOAN X 1400000 1451424 0 1 1 TRAVIS VERMILLION SVP/CRO SPLIT DOLLAR LOAN X 750000 777548 0 1 1 8496302 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE, CAN MEET ON BEHALF OF THE BOARD. 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 REPORT IS SHARED WITH THE BOARD OF DIRECTORS WHEN FINISHED. 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 2023. 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: OTHER COMPREHENSIVE INCOME (POST RETIREMENT HEALTH BENEFITS) -13,703. CECL ADOPTION -633,122. ROUNDING -3. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.