2025-11-17T14:19:47-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 360760135 CORPORATE AMERICA FAMILY CREDIT UNION CORP 8003591939 2075 BIG TIMBER ROAD ELGIN IL 60123 DAN KADOLPH CHIEF FINANCIAL OFFICER 8003591939 2025-11-17 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-17 2024 2025-03-06 01:10:19Z STEFANIE RUPERT 2075 BIG TIMBER ROAD ELGIN IL 60123 106293960 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 9 261 9 0 0 0 0 37972789 42126789 8540460 14710142 2208 3036 46515457 56839967 0 0 0 0 19346682 20574857 0 0 0 25888923 30002892 45235605 50577749 1279852 6262218 859903914 825234057 765225143 721642284 94678771 103591773 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. 0 0 RECEIVED DEPOSITS FROM 65,898 MEMBERS: CORPORATE AMERICA FAMILY CREDIT UNION (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 3,420 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 253 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 1 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 13440 0 1 261 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X DAN KADOLPH 8003591939 2075 BIG TIMBER ROAD ELGIN IL 60123 PETER PAULSON FORMER PRESIDENT & CEO 40.00 X X 268680 0 8965 JOHN BLOZIS TREASURER 1.00 X X 0 0 0 GLENN BROWN VICE CHAIR 1.00 X X 0 0 0 JEFF GOTT DIRECTOR 1.00 X 0 0 0 TIFFANY JORDAN DIRECTOR 1.00 X 0 0 0 COSTANZO MASTRANZI DIRECTOR 1.00 X 0 0 0 KENNETH NAATZ SECRETARY 1.00 X X 0 0 0 THOMAS RIECK CHAIR 1.00 X X 0 0 0 THOMAS SHEPPARD DIRECTOR 1.00 X 0 0 0 PAT TOLLEFSON DIRECTOR 1.00 X 0 0 0 STEFANIE RUPERT PRESIDENT & CEO 40.00 X 118729 0 12533 DAN KADOLPH SVP & CHIEF FINANCIAL OFFICER 40.00 X 276026 0 51942 ANDREW BOWEN SVP & CHIEF INFORMATION OFFICER 40.00 X 221011 0 60675 MATTHEW HELMS SVP - OPERATIONS 40.00 X 194941 0 47365 JOSEPH SHULTZ VP - COMMERCIAL LENDING 40.00 X 162121 0 34090 STEVEN OLSON FORMER VP - COMMERCIAL SERVICES 40.00 X 169744 0 51392 LAURA KIRILUK VP - BRANCH OPERATIONS 40.00 X 153145 0 33904 FAITH MYERS FORMER VP - LENDING 40.00 X 171110 0 24606 AMY SHEAD FIRST VP - PAYMENTS 40.00 X 144860 0 32846 1880367 0 358318 11 0 1 0 MCQUEEN FINANCIAL ADVISORS 1239 ANDERSON RD CLAWSON MI 48017 INVESTMENT MANAGEMENT FEES 279568 MAUER & MAUER LLC PO BOX 5407 WARRENVILLE IL 60555 LEGAL 110724 2 LOAN INCOME 522130 34497623 34497623 FEE INCOME 522130 7142912 7142912 OTHER OPERATING REVENUE 522130 486254 486254 42126789 5715991 5715991 58448144 49453993 8994151 8994151 8994151 SALLIE MAE REFERRALS 900099 3036 3036 3036 56839967 42129825 0 14710142 1390482 13522307 1288608 3227952 1145508 53866 102640 15000 279568 454236 2028221 3225700 1521129 122986 56339 3343554 588369 61082 DIVIDENDS PAID TO MEMBE 10680648 PROVISION FOR LOAN LOSS 2960143 CREDIT CARD EXPENSES 1196358 COLLECTION EXPENSE 438428 2874625 50577749 2340354 1484506 20539956 13765267 612257317 603041489 1316410 1524011 8717171 4470550 4793972 4246621 21495727 12116463 180159689 170280023 6652842 6555878 10347647 12219799 859903914 825234057 5789481 7743469 788259 1242326 167000000 40000000 591647403 672656489 765225143 721642284 X 0 0 0 0 94678771 103591773 94678771 103591773 859903914 825234057 6262218 2650784 0 X X 0 0 0 15000 15000 15000 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 DIEHL ROAD NAPERVILLE IL 605667107 363092340 15000 0 PART I-A, LINE 1: CORPORATE AMERICA FAMILY CREDIT UNION CONTRIBUTES TO THE CREDIT UNION POLITICAL ACTION COUNCIL AND THE FEDERAL PAC OF THE CREDIT UNION NATIONAL ASSOCIATION (CUNA), IN SUPPORT OF THE CREDIT UNION MOVEMENT. 0 1 X 1215974 1215974 4410602 2485441 1925161 1161204 882658 278546 1452141 768897 683244 477250 333554 143696 4246621 2350000 C US GOVT AND US GOVT AGENCY BONDS 134550277 F CERTIFICATES OF DEPOSIT 11551725 F BANK OWNED LIFE INSURANCE 12812965 C NCUSIF DEPOSIT 6268650 C CORPORATE CREDIT UNION CAPITAL 2746406 C 170280023 MEMBER SHARES 591559489 NON-MEMBER SHARES 81097000 672656489 PART IV, LINE 2B: CORPORATE AMERICA FAMILY CREDIT UNION HAS ESCROW ACCOUNTS TO PAY FOR REAL ESTATE TAXES AND HOMEOWNERS' INSURANCE ON BEHALF OF ITS MEMBERS. X X X 0 0 0 DAN KADOLPH SVP & CHIEF FINANCIAL OFFICER 276026 0 0 0 0 0 24361 0 27581 0 327968 0 0 0 ANDREW BOWEN SVP & CHIEF INFORMATION OFFICER 221011 0 0 0 0 0 19179 0 41496 0 281686 0 0 0 PETER PAULSON FORMER PRESIDENT & CEO 35480 0 0 0 233200 0 6062 0 2903 0 277645 0 0 0 MATTHEW HELMS SVP - OPERATIONS 194941 0 0 0 0 0 19563 0 27802 0 242306 0 0 0 STEVEN OLSON FORMER VP - COMMERCIAL SERVICES 169744 0 0 0 0 0 39334 0 12058 0 221136 0 0 0 JOSEPH SHULTZ VP - COMMERCIAL LENDING 162121 0 0 0 0 0 15320 0 18770 0 196211 0 0 0 FAITH MYERS FORMER VP - LENDING 171110 0 0 0 0 0 15320 0 9286 0 195716 0 0 0 LAURA KIRILUK VP - BRANCH OPERATIONS 153145 0 0 0 0 0 15134 0 18770 0 187049 0 0 0 AMY SHEAD FIRST VP - PAYMENTS 144860 0 0 0 0 0 14526 0 18320 0 177706 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CORPORATE AMERICA FAMILY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A CORPORATE AMERICA FAMILY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF CORPORATE AMERICA FAMILY CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B CORPORATE AMERICA FAMILY CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE FORM 990 VIA THE BOARD INTRANET WITH TIME TO REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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 BY HUMAN RESOURCES. THE HUMAN RESOURCES DEPARTMENT ALSO MONITORS FOR CONFLICTS ON AN ONGOING BASIS. CORPORATE AMERICA FAMILY CREDIT UNION TAKES SERIOUSLY THE STANDARDS SET FORTH IN THE CODE, AND VIOLATIONS ARE CAUSE FOR DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. VIOLATIONS BY THE BOARD OF DIRECTORS SHOULD BE REFERRED TO THE CHAIRMAN AND/OR SUPERVISORY COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15A 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 PRESIDENT/CHIEF EXECUTIVE OFFICER'S SALARY. THE PRESIDENT/CHIEF EXECUTIVE OFFICER'S SALARY IS SUBJECT TO BOARD APPROVAL. KEY EMPLOYEE COMPENSATION, OTHER THAN THE CHIEF EXECUTIVE OFFICER, IS NOT SUBJECT TO BOARD APPROVAL AND IS APPROVED BY THE CHIEF EXECUTIVE OFFICER. THE OCCURRENCE OF THIS PROCESS IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS LAST OCCURRED IN AUGUST 2024. FORM 990, PART VI, SECTION C, LINE 19 CORPORATE AMERICA FAMILY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: CORPORATE AMERICA FAMILY CREDIT UNION'S (THE CREDIT UNION) FINANCIAL STATEMENTS ARE AUDITED ON A CONSOLIDATED BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF MARCH 31ST, WHILE THE CREDIT UNION'S TAX YEAR-END IS DECEMBER 31ST. CORPORATE AMERICA FINANCIAL SERVICES INC 2075 BIG TIMBER ROAD ELGIN IL 601231140 364108945 INSURANCE/NONMEMBER ACTIVITY IL CORPORATE AMERICA FAMILY CREDIT UNION C 166772 440322 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 114556 FAIR MARKET VALUE CORPORATE AMERICA FINANCIAL SERVICES INC Q 59511 FAIR MARKET VALUE CORPORATE AMERICA FINANCIAL SERVICES INC R 169996 FAIR MARKET VALUE