2023-11-15T12:00:33-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2022-01-01 370560167 UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION UNIV 2172787700 2201 S FIRST ST CHAMPAIGN IL 618207402 JENNIFER PEYTON EVP/CFO 2172787700 2023-11-15 1 JENNIFER PEYTON 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS HARLAN 2201 S FIRST ST CHAMPAIGN IL 618207402 29499038 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. 10 10 194 9 30684 0 0 0 16931527 20502045 608483 2503367 5252221 6414178 22792231 29419590 210000 296250 828173 796689 9383193 11308160 0 0 0 8587603 14225740 19008969 26626839 3783262 2792751 475743912 590567781 436722250 539429355 39021662 51138426 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 22,585 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 22,019 CREDIT CARDS TO MEMBERS. CREDIT UNION SAVINGS AND CHECKING PROGRAMS: SERVICED 24,115 SHARE DRAFT ACCOUNTS, 62,101 SHARE SAVINGS ACCOUNTS, 2,286 MONEY MARKET ACCOUNTS, 1,602 IRA ACCOUNTS, 2,690 SHARE CERTIFICATES. SUPPORT ALL BUSINESS RELATED MEMBER SERVICES. 0 0 1 0 0 0 0 0 0 1 0 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 53 0 1 194 1 1 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 1 0 IL X JENNIFER PEYTON 2172787700 2201 S FIRST ST CHAMPAIGN IL 618207402 ANNI MCCLELLAN CHAIRPERSON 1.00 X X 0 0 0 NAPOLEON KNIGHT BOARD MEMBER 1.00 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 M CHRIS HANSEN BOARD MEMBER 1.00 X 0 0 0 CHRIS RANDLES BOARD TREASURER 1.00 X 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 347059 0 39407 JENNIFER PEYTON EVP/CFO 40.00 X 233022 0 28085 KIM CHEEK SVP/CHIEF ADMIN OFFICER 40.00 X 215878 0 27154 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 40.00 X 196917 0 20756 TRAVIS VERMILLION SVP/CRO 40.00 X 168567 0 28547 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 40.00 X 177360 0 16981 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 40.00 X 166831 0 18375 KATE ROGERS SVP OF DIGITAL SERVICES & P 40.00 X 139396 0 28152 ZACH GRITTON SVP OF INFORMATION TECHNOLO 40.00 X 143200 0 23214 LISA PAUL SVP OF MEMBER EXPERIENCE 40.00 X 142221 0 15597 JENNA HOWE AVP LENDING 40.00 X 109657 0 12791 PHILIP DYKSTRA MORTGAGE LOAN OFFICER 40.00 X 105665 0 15706 KELLY BUSCH AVP TALENT DEVELOPMENT 40.00 X 107242 0 13772 KEON CONERLY AVP BUSINESS INTELLIGENCE 40.00 X 103304 0 17197 VICKI BUFFO AVP MEMBER EXPERIENCE 40.00 X 100869 0 16547 2457188 0 322281 17 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT/CREDIT CARD PROCESSOR 2023642 LUMIN DIGITAL LLC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DIGITAL BANKING 729043 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 MONETT MO 65708 CORE SYSTEM PROVIDER 552735 3 LOAN PROGRAM REVENUE 522100 17677108 17677108 FEE INCOME 522100 2824937 2794253 30684 20502045 2534091 2534091 48724 79448 -30724 -30724 -30724 OTHER OPERATING INCOME 522100 6414178 6414178 6414178 29419590 26885539 30684 2503367 296250 796689 2176719 7000673 502504 950232 678032 664304 20531 122845 328115 5967832 457347 202062 817642 830267 LOAN SERVICING 3422233 PROVISION FOR LOAN LOSS 1189079 MISC OPERATING EXPENSES 168147 OPERATING FEES 35336 26626839 3502798 5201708 68110893 40566414 752041 1750434 980000 326217103 459279711 3136577 11325330 20990222 13040916 6562712 7949306 53675268 50039295 8908989 5266720 110283 1881985 4767248 6326878 475743912 590567781 5168928 6703798 3000000 431553322 529725557 436722250 539429355 X 0 0 0 0 39021662 51138426 39021662 51138426 475743912 590567781 X 2792751 -3619716 12943729 X 0 1 X 1 0 0 0 0 1 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. 2083830 2083830 9578337 5212164 4366173 9328055 7828752 1499303 7949306 MEMBER SHARES OF ALL TYPES 524604272 NONMEMBER DEPOSITS 5121285 529725557 X 29450314 0 29450314 -30724 -30724 29419590 26657564 0 26657564 -30725 -30725 26626839 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, 2022 AND 2021. THE CREDIT UNION'S 2019 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -30,724. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -1. LOSS ON SALE OF ASSETS -30,724. 1 KRANNERT CENTER FOR THE PERFORMING ARTS 500 S GOODWIN AVE URBANA IL 61801 376000511 501(C)(3) 12500 0 DONATION ALLERTON PARK & RETREAT CENTER 515 OLD TIMBER RD MONTICELLO IL 61856 376000511 501(C)(3) 8000 0 SPONSORS THE UNIVERSITY OF IL CONCERT IN THE PARK SERIES AND HOLIDAY UNIVERSITY OF ILLINOIS DIVISION OF INTERCOLLEGIATE ATHLETICS 1700 S FOURTH ST CHAMPAIGN IL 61820 376000511 501(C)(3) 265750 0 CONTRACT IN PLACE WITH THE UNIVERSITY OF IL ALUMNI VISIT CHAMPAIGN COUNTY FOUNDATION 17 E TAYLOR STREET CHAMPAIGN IL 61820 474095548 501(C)(3) 10000 0 DONATION 5 PART I, LINE 2: THE CREDIT UNION HAS A FORMAL WRITTEN POLICY THAT HAS ESTABLISHED CRITERIA FOR EVALUATING REQUESTS FOR CONTRIBUTIONS AND DONATIONS. REQUEST 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 X 0 1 0 CHRIS HARLAN PRESIDENT/CEO 305989 0 41070 0 0 0 20219 0 19188 0 386466 0 0 0 JENNIFER PEYTON EVP/CFO 201176 0 31846 0 0 0 14798 0 13287 0 261107 0 0 0 KIM CHEEK SVP/CHIEF ADMIN OFFICER 186345 0 29533 0 0 0 13573 0 13581 0 243032 0 0 0 GREG ANDERSON SVP/CHIEF RELATIONSHIP OFF 170193 0 26724 0 0 0 12197 0 8559 0 217673 0 0 0 TRAVIS VERMILLION SVP/CRO 145708 0 22859 0 0 0 9580 0 18967 0 197114 0 0 0 STACEY RUSSELL SVP/CHIEF LENDING OFFICER 153571 0 23789 0 0 0 8458 0 8523 0 194341 0 0 0 SUSAN TOALSON SVP/BUSINESS DEVELOPMENT 146111 0 20720 0 0 0 9875 0 8500 0 185206 0 0 0 KATE ROGERS SVP OF DIGITAL SERVICES & P 139396 0 0 0 0 0 9223 0 18929 0 167548 0 0 0 ZACH GRITTON SVP OF INFORMATION TECHNOLO 143200 0 0 0 0 0 9305 0 13909 0 166414 0 0 0 LISA PAUL SVP OF MEMBER EXPERIENCE 142221 0 0 0 0 0 7131 0 8466 0 157818 0 0 0 PART I, LINE 4B CHRIS HARLAN - PARTICIPATED IN 457B PLAN BUT NO PAYOUT FOR 2022 CHRIS HARLAN PRESIDENT/CEO SPLIT DOLLAR LOAN X 980000 980000 0 1 1 980000 FORM 990, PART VI, SECTION A, LINE 4 UPDATED FOR EXPANSION OF FIELD OF MEMBERSHIP DUE TO MERGERS IN 2022 WITH NEW HORIZON AND PRAIRIELAND FEDERAL CREDIT UNION 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 2022 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) 192,590. EQUITY ACQUIRED IN MERGER 12,751,139.