2025-04-12T15:04:50-05:00 2024-12-31 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2024-01-01 370216685 COOPERATIVE CHOICE NETWORK CREDIT UNION COOP 3096725230 3919 N UNIVERSITY STREET PEORIA IL 61614 JOE WEBB PRESIDENT 3096725230 2025-04-11 1 1 MICHAEL KRAM P01469094 6309541400 2024 2025-03-06 01:10:19Z JOE WEBB 3919 N UNIVERSITY STREET PEORIA IL 61614 8691075 0 X WWW.CCNCU.COM X 2000 IL FOCUS ON PERSONAL ATTENTION TO ACHIEVE THE FINANCIAL NEEDS OF EACH MEMBER AND ALLOW THEM TO ACHIEVE THEIR FINANCIAL GOALS. 11 11 38 11 0 0 0 0 6280301 7135971 848259 1453282 129270 101822 7257830 8691075 0 0 0 0 1888038 1984187 0 0 0 5333132 6520969 7221170 8505156 36660 185919 173821450 195712255 153486610 171651677 20334840 24060578 FOCUS ON PERSONAL ATTENTION TO ACHIEVE THE FINANCIAL NEEDS OF EACH MEMBER AND ALLOW THEM TO ACHIEVE THEIR FINANCIAL GOALS. 0 0 PROVIDED 8,351 CONSUMER AND VISA LOAN ACCOUNTS TO MEMBERS. MAINTAINED DEPOSITS ON 23,516 ACCOUNTS INCLUDING REGULAR SHARE ACCOUNTS, CLUB ACCOUNTS, SHARE DRAFT ACCOUNTS, CHECKING, AND MONEY MARKET ACCOUNTS OF MEMBERS. MAINTAINED 2,835 SHARE CERTIFICATES AND IRA SHARE ACCOUNTS TO MEMBERS. PROVIDED ELECTRONIC DELIVERY OF FINANCIAL SERVICES BY ATM'S, INTERNET HOME BANKING AND VISA DEBIT CARDS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5515 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOE WEBB 3096725230 3919 N UNIVERSITY STREET PEORIA IL 61614 JOHN MACHENS CHAIRMAN 1.00 X X 0 0 0 STEPHEN FRIEDMAN VICE-CHAIRMAN 1.00 X X 0 0 0 ALEX PRATHER TREASURER 1.00 X X 0 0 0 MICHELLE CRAMER SECRETARY 1.00 X X 0 0 0 DENNIS KOCH SUPERVISORY CHAIR 1.00 X 0 0 0 ART ROHMAN DIRECTOR 1.00 X 0 0 0 JOHN GERMAN DIRECTOR 1.00 X 0 0 0 JADA WARMICK DIRECTOR 1.00 X 0 0 0 CHRIS ROEDELL DIRECTOR 1.00 X 0 0 0 STACY CONNOR DIRECTOR 1.00 X 0 0 0 DANIEL BRIAN DIRECTOR 1.00 X 0 0 0 JOE WEBB PRESIDENT 40.00 X 162414 0 28816 KATIE FEHL CHIEF FINANCIAL OFFICER 40.00 X 117367 0 15503 279781 0 44319 1 0 1 0 0 INTEREST ON LOANS 522100 5603390 5603390 INTERCHANGE INCOME 522100 898943 898943 SERVICE FEES 522100 633638 633638 7135971 1453282 1453282 12250 0 12250 12250 12250 MISCELLANEOUS INCOME 522100 89572 89572 89572 8691075 7225543 0 1465532 324100 1208469 70556 270640 110422 2233 63000 4617 310137 122035 49189 167518 5604 3016810 156084 55984 VISA PROCESSING 614403 PROVISION FOR LOAN LOSS 449440 DATA PROCESSING 407702 MOBILE BANKING 289492 806721 8505156 1611323 1671289 10452427 9239388 102366629 108264935 182735 173330 3740277 1396460 2172041 2343817 54830155 71273418 2206140 2746078 173821450 195712255 1602819 825817 151883791 170825860 153486610 171651677 X 0 0 0 0 20334840 24060578 20334840 24060578 173821450 195712255 X 185919 349672 3190147 X X 0 1 X 1 0 5000 5000 5000 1 CREDIT UNION POLITICAL ACTION COUNCIL PO BOX 3107 NAPERVILLE IL 60566 370216685 5000 763750 763750 1762912 674688 1088224 309932 153918 156014 775064 554277 220787 128619 13577 115042 2343817 CERTIFICATES OF DEPOSIT WITH OTHER FINANCIAL INSTITUTIONS 56282218 C ALLOYA PERPETUAL CAPITAL 158347 C SUBORDINATED DEBT OF THE ILLINOIS CREDIT UNION 250000 C US GOVERNMENT AND MORTGAGE BACKED SECURITIES 13582853 F SUBORDINATED DEBT 1000000 C 71273418 MEMBER SHARES 170825860 170825860 9051705 349672 10958 360630 8691075 0 8691075 8505156 0 8505156 0 8505156 PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DEFINED BENEFIT HEALTH PLAN INCLUDED IN OTHER COMPREHENSIVE INCOME 10,958. X X 0 0 0 JOE WEBB PRESIDENT 154914 0 7500 0 0 0 19254 0 9562 0 191230 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 12,495 MEMBERS AS OF DECEMBER 31, 2024. QUALIFICATIONS FOR MEMBERSHIP ARE ON FILE WITH THE ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION. A MINIMUM DEPOSIT IS REQUIRED TO GAIN AND MAINTAIN MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS GOVERN THE CREDIT UNION THROUGH THE ANNUAL MEETING. CREDIT UNION MEMBERS VOTE IN PERSON OR BY PROXY. BOARD MEMBERS ARE ELECTED TO SERVE STAGGERED THREE YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN AMENDMENTS TO THE BYLAWS HAVE TO BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE COMPLIANCE OFFICER AND PRESIDENT/CEO REVIEW THE RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND MANAGEMENT LEVEL EMPLOYEES COMPLETE CONFLICT OF INTEREST STATEMENTS. THE COMPLIANCE OFFICER REVIEWS WITH THE SUPERVISORY COMMITTEE AND/OR EXECUTIVE COMMITTEE. IF A CONFLICT EXISTS, THE PERSON WOULD NOT PARTICIPATE IN A DECISION MAKING CAPACITY. FORM 990, PART VI, SECTION B, LINE 15 SEVERAL SOURCES ARE USED FOR DETERMINING COMPENSATION SUCH AS THE CUES SURVEY AND COMPEASE SALARY ADMINISTRATION PROGRAM. COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE PERSONNEL COMMITTEE WHICH IS MADE UP OF THE CHAIRMAN OF THE BOARD AND SUPERVISORY COMMITEE MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DEFINED BENEFIT HEALTH PLAN INCLUDED IN OTHER COMPREHENSIVE LOSS 10,958. EQUITY ACQUIRED IN MERGR 3,179,189. FORM 990, PART XII, LINE 2C THE CREDIT UNION'S SUPERVISORY COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS.