2023-09-03T17:20:37-05:00 2022-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2022-01-01 370722141 SIU CREDIT UNION SIUC 6184573595 395 N GIANT CITY ROAD CARBONDALE IL 629026403 MIKE LANTRIP PRESIDENT/CEO 6185498620 2023-09-03 1 MIKE LANTRIP 999009999 0 GERALD TENBRINK P00638199 9138946214 2023-08-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIKE LANTRIP 395 N GIANT CITY ROAD CARBONDALE IL 629026403 21576342 0 X WWW.SIUCU.ORG X 1938 IL TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. 9 9 142 18 100745 0 0 0 20072820 19639580 879834 1790102 86848 136138 21039502 21565820 78545 98920 0 0 6244026 7017850 0 0 0 9029538 10021062 15352109 17137832 5687393 4427988 454722021 474793886 410074688 432509635 44647333 42284251 X TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. 1 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 43,176 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 152,260 LOANS OUTSTANDING TOTALING $320,289,876. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,602,336 FOR THE YEAR. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10252 0 1 142 1 1 1 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 1 1 1 0 0 0 X MIKE LANTRIP 6184573595 395 N GIANT CITY ROAD CARBONDALE IL 629026403 MARK PETERSON CHAIRMAN 2.00 X 0 0 0 CHRIS SIEVERS VICE CHAIRMAN 2.00 X 0 0 0 SUSAN WILLIS SECRETARY 2.00 X 0 0 0 WILLIAM CAPIE TREASURER 2.00 X 0 0 0 KEITH MCDANNEL DIRECTOR 2.00 X 0 0 0 DEBORAH NELSON DIRECTOR 2.00 X 0 0 0 MELISSA EASTON DIRECTOR 2.00 X 0 0 0 JEFF MCGOY DIRECTOR 2.00 X 0 0 0 JP DUNN DIRECTOR 2.00 X 0 0 0 MIKE LANTRIP PRESIDENT/CEO 40.00 X 156445 0 28061 SANDY TAYLOR VP FINANCE/CFO 40.00 X 94090 0 21785 STACY CALLAHAN VP LENDING 40.00 X 94781 0 20534 BRIAN MAURIZIO VP INFORMATION TECHNOLOGY 40.00 X 102029 0 20843 MARK DYNIS VP MARKETING 40.00 X 75510 0 21154 ERICA PANKEY VP OPERATIONS 40.00 X 81335 0 19752 PATRICIA ROBBINS VP HUMAN RESOURCES 40.00 X 77978 0 22584 KIM BABINGTON VP BUSINESS DEVELOPMENT 40.00 X 80269 0 9085 TAMMY SULLINS COMPLIANCE OFFICER 40.00 X 62333 0 20721 824770 0 184519 2 0 1 0 COLLIN FREUND 925 N MAIN STREET ANNA IL 62906 CLEANING AND GENERAL MAINTENANCE 107288 1 INTEREST ON LOANS 522100 12895817 12895817 FEES & OTHER INCOME 522100 6711963 6643018 68945 WARRANTY SALES 524298 31800 31800 19639580 1792214 1792214 136138 136138 8410 10522 -2112 -2112 -2112 21565820 21465075 100745 0 X 93920 5000 1009289 4436225 333122 814024 425190 165000 136370 65964 2354977 602930 767192 1687720 538415 13261 189780 878 1037204 130688 MEMBER DIVIDENDS 1602336 LOAN SERVICING 319551 WRITE-OFFS/OTHER LOSSES 190355 PROVISION FOR LOAN LOSS 147399 71042 17137832 8435944 7938948 65692617 55269991 282601448 318339176 1040584 1197310 17017951 10531695 6840040 6486256 69752061 74590008 20359327 10972197 454722021 474793886 3848500 5952799 413925 442544 405812263 426114292 410074688 432509635 X 0 0 0 0 44647333 42284251 44647333 42284251 454722021 474793886 4427988 -6791070 0 X 0 1 X 1 0 2500 2500 2500 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 WEST DIEHL ROAD NAPERVILLE IL 60563 363092340 2500 PART I-A, LINE 1: CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COUNCIL 0 1 X 1113808 1113808 8274467 4876345 3398122 7629676 5655350 1974326 6486256 FHLB CHICAGO STOCK 271300 C NCUA CLF MEMBERSHIP STOCK 1068963 C AFS-MORTG-BACKED SEC/CMOS 32987944 F AFS-FEDERAL AGENCY SEC 24247673 F AFS-OTHER DEBT SECURITIES 6262265 F AFS-US TREASURY NOTES 7876560 F AFS-MUNICIPAL BONDS 1875303 F 74590008 MEMBER SHARE DEPOSITS 426114292 426114292 X 21565820 0 21565820 0 21565820 17137832 0 17137832 0 17137832 PART IV, LINE 2B: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR MORTGAGES SOLD TO FHLB. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME AND SUBSIDIARIES ARE SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2022. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS ON DECEMBER 31, 2022 AND 2021. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. 1 SOUTHERN ILLINOIS UNIVERSITY FOUNDATION 1235 DOUGLAS DRIVE CARBONDALE IL 62901 376024575 501(C)(3) 52100 0 CONTRIBUTIONS AND SPONSORSHIPS SUPPORTING EDUCATION, RESEARCH AND SERVICE PROGRAMS SPECIAL OLYMPICS ILLINOIS 605 EAST WILLOW STREET NORMAL IL 61761 362922811 501(C)(3) 6600 0 CONTRIBUTIONS AND SPONSORSHIPS SUPPORTING OLYMPIC-TYPE SPORTS FOR PEOPLE WITH INTELLECTUAL DISABILITIES. 2 X 1 0 X X 0 0 0 MIKE LANTRIP PRESIDENT/CEO 142808 0 5537 0 8100 0 12210 0 15851 0 184506 0 0 0 PART I, LINE 1A THE CREDIT UNION PROVIDED TRAVEL FOR THE PRESIDENT'S WIFE RELATED TO THE ANNUAL ILLINOIS CREDIT UNION LEAGUE (ICUL) CONVENTION ($545). PART I, LINE 3 THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND DETERMINES COMPENSATION PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART III, LINE 2 DURING THE YEAR, THE CREDIT UNION ADDED A NEW REWARDS PROGRAM FOR DEBIT CARDS, ADDED ZELLE INTO HOME BANKING, UPGRADED BRANCH ATMS, AND INTRODUCED AN ENHANCED VIRTUAL ASSISTANT FOR ITS WEBSITE. FORM 990, PART VI, SECTION A, LINE 4 IN 2022, THE BOARD APPROVED AN INCREASE IN THE NUMBER OF CREDIT COMMITTEE MEMBERS FROM 5 TO 7 MEMBERS. AN AMENDMENT TO THE BYLAWS WAS FILED WITH AND APPROVED BY THE STATE. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE CREDIT UNION PROVIDES DATA TO AN OUTSIDE ACCOUNTING FIRM TO COMPLETE THE FORM 990. UPON COMPLETION, IT IS REVIEWED BY MANAGEMENT AND THE PRESIDENT/CEO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND DETERMINES COMPENSATION PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT/CEO AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY, PRESENTED AT THE ANNUAL MEETING, AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CHECK CARD PROCESSING 1,531,574. VISA PROCESSING 322,055. ATM PROCESSING 131,803. OTHER PROFESSIONAL & OUTSIDE SERVICES 369,545.