2026-09-08T10:36:09-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 311 FINANCIAL WAY SUITE 100 WAUSAU WI 54401 990 2025-01-01 376031888 IAA CREDIT UNION IAAC 3095572541 808 IAA DRIVE BLOOMINGTON IL 61702 NICK BROOKS CHIEF EXECUTIVE OFFICER 3095572541 2026-09-03 1 ANGELICA KRAUTKRAMER P02005570 7156752351 2026-09-03 2025 NICK BROOKS 808 IAA DRIVE BLOOMINGTON IL 61702 25446906 0 X WWW.IAACU.ORG X 1951 IL BUILD FINANCIAL RELATIONSHIPS TO ENRICH MEMBERS' LIVES. 9 9 0 11 55292 0 0 0 15922963 15364997 9814584 10081909 0 0 25737547 25446906 0 0 7555776 7897850 851954 630569 0 0 0 11502803 12244761 19910533 20773180 5827014 4673726 385598942 403034722 334209603 346971657 51389339 56063065 BUILD FINANCIAL RELATIONSHIPS TO ENRICH MEMBERS' LIVES. 0 0 PROVIDE 4,703 CONSUMER LOANS, 70 COMMERCIAL LOANS, 1,081 REAL ESTATE LOANS AND 5,869 VISA ACCOUNTS TO MEMBERS. PROVIDED 27,533 SAVINGS AND MONEY MARKET SAVINGS ACCOUNTS, 9,640 SHARE DRAFT ACCOUNTS, 1,924 HSA AND IRA ACCOUNTS, AND 3,839 CERTIFICATE ACCOUNTS TO MEMBERS. 0 0 1 0 0 0 0 1 0 1 0 1 0 1 1 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 7035 0 1 0 1 1 0 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 0 1 1 0 0 0 IL X NICK SOSNOWSKI 3095572541 808 IAA DRIVE PO BOX 2901 BLOOMINGTON IL 617012901 TOM SWEARINGEN CHAIRPERSON 0.75 X X 0 0 0 KRISTIN ADAMS SECRETARY 0.75 X X 0 0 0 JACOB CROW VICE CHAIRPERSON 0.75 X X 0 0 0 JOHN HENDERSON BOARD MEMBER 0.75 X 0 0 0 TASHA BUNTING BOARD MEMBER 0.75 X 0 0 0 BRIAN GUENTHER BOARD MEMBER 0.75 X 0 0 0 RAY MORRIS BOARD MEMBER 0.75 X 0 0 0 KEVIN DAUGHERTY TREASURER 0.75 X X 0 0 0 KYLE YONTZ BOARD MEMBER 0.75 X 0 0 0 NICK BROOKS CHIEF EXECUTIVE OFFICER 40.00 X 196373 0 24192 NICK SOSNOWSKI CHIEF FINANCIAL OFFICER 40.00 X 130746 0 26988 DAVID WARREN CHIEF LENDING OFFICER 40.00 X 119102 0 23879 EMILY MCLEOD CHIEF EXPERIENCE OFFICER 40.00 X 103392 0 5897 EMILY GRIFFEN CONTROLLER 40.00 X 106904 0 25158 CALVIN WEAVER TECHNOLOGY MANAGER 40.00 X 130487 0 4543 JOYCE MASON AVP - RE & CONSUMER LEND 40.00 X 103546 0 19402 890550 0 130059 7 0 1 0 ILLINOIS AGRICULTURAL ASSOCIATION 1701 TOWANDA AVE BLOOMINGTON IL 61701 LEASED EMPLOYEES 4906267 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 SOFTWARE SOLUTIONS 618066 VELERA 615 CHANNELSIDE DRIVE STE 204 TAMPA FL 33602 CARD PROCESSING 594775 ALLIED SOLUTIONS 350 VETERANS WAY CARMEL IN 46032 GAP AND WARRANTY SALES 350097 DIGITAL FIRST HOLDINGS LLC 4 CONCOURSE PKWAY STE 400 ATLANTA GA 30328 DIGITAL BANKING 347738 8 INTEREST, FEES ON LOANS 522100 13144291 13144291 INTERCHANGE AND OTHER INCOME 522100 1786665 1786665 OTHER MEMBER FEES 522100 434041 378749 55292 15364997 10081909 10081909 25446906 15309705 55292 10081909 7897850 630569 284656 1345321 217421 38182 3429760 428905 24898 LEASED EMPLOYEE REIMBUR 4169862 PROVISION FOR CREDIT LO 788258 LOAN SERVICING 576711 PROFESSIONAL/OUTSIDE SE 513192 427595 20773180 41428939 33484594 32601000 29109000 224486489 235777338 5763082 3290068 1443145 2473014 78118284 94700576 1470292 1298531 6050793 6191669 385598942 403034722 4121819 4320174 868956 982091 329218828 341669392 334209603 346971657 X 0 0 0 0 51389339 56063065 51389339 56063065 385598942 403034722 4673726 0 X X 0 1 X 1 0 2500 2500 2500 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 WEST DIEHL ROAD PO BOX 3107 NAPERVILLE IL 60566 363092340 2500 PART I-A, LINE 1: CREDIT UNION POLITICAL ACTION COUNCIL SCHEDULE C, PART IV, ADDITIONAL INFORMATION THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COUNCIL (CUPAC) THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C. 0 1 X 1914658 885400 1029258 3848424 2404668 1443756 2473014 US GOV'T AND AGENCY BONDS- HELD TO MATURITY 90321754 C PERPETUAL CONTRIBUTED CAPITAL ACCOUNTS 206367 C FEDERAL HOME LOAN BANK STOCK 4172455 C 94700576 SHARES AND DEPOSITS 341669392 341669392 X 25446906 0 25446906 0 25446906 20773180 0 20773180 0 20773180 PART IV, LINE 2B: ESCROW LIABILITY ARRANGEMENT EXPLANATION FUNDS FOR ESCROW ITEMS-BORROWER SHALL PAY TO LENDER ON THE DAY PERIODIC PAYMENTS ARE DUE UNDER THE NOTE, UNTIL THE NOTE IS PAID IN FULL, A SUM (THE "FUNDS") TO PROVIDE FOR PAYMENT OF AMOUNTS DUE FOR (A) TAXES AND ASSESSMENTS AND OTHER ITEMS WHICH CAN ATTAIN PRIORITY OVER THIS SECURITY INSTRUMENT AS A LIEN OR ENCUMBRANCE ON THE PROPERTY, (B) LEASEHOLD PAYMENTS OR GROUND RENTS ON THE PROPERTY, IF ANY, (C) PREMIUMS FOR ANY AND ALL INSURANCE REQUIRED BY LENDER UNDER SECTION 5, AND (D) MORTGAGE INSURANCE PREMIUMS, IF ANY, OR ANY SUMS PAYABLE BY BORROWER TO LENDER IN LIEU OF THE PAYMENT OF MORTGAGE INSURANCE PREMIUMS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 10. THESE ITEMS ARE CALLED "ESCROW ITEMS". AT ORIGINATION OR AT ANY TIME DURING TERM OF THE LOAN, LENDER MAY REQUIRE THAT COMMUNITY ASSOCIATION DUES, FEES, AND ASSESSMENTS, IF ANY, BE ESCROWED BY BORROWER, AND SUCH DUES, FEES, AND ASSESSMENTS SHALL BE AN ESCROW ITEM. BORROWER SHALL PROMPTLY FURNISH TO LENDER ALL NOTICES OF AMOUNTS TO BE PAID UNDER THIS SECTION. BORROWER SHALL PAY LENDER THE FUNDS FOR ESCROW ITEMS UNLESS LENDER WAIVES. BORROWER'S OBLIGATION TO PAY THE FUNDS FOR ANY OR ALL ESCROW ITEMS-LENDER MAY WAIVE BORROWER'S OBLIGATION TO PAY TO LENDER FUNDS FOR ANY OR ALL ESCROW ITEMS AT ANY TIME. ANY SUCH WAIVER MAY ONLY BE IN WRITING. IN THE EVENT OF SUCH WAIVER, BORROWER SHALL PAY DIRECTLY, WHEN AND WHERE PAYABLE, THE AMOUNTS DUE FOR ANY ESCROW ITEMS FOR WHICH PAYMENT OF FUNDS HAS BEEN WAIVED BY LENDER, AND IF LENDER REQUIRES, SHALL FURNISH TO LENDER RECEIPTS EVIDENCING SUCH PAYMENT WITHIN SUCH TIME PERIOD AS LENDER MAY REQUIRE. BORROWER'S OBLIGATION TO MAKE SUCH PAYMENTS AND TO PROVIDE RECEIPTS SHALL FOR ALL PURPOSES BE DEEMED TO BE A COVENANT AND AGREEMENT CONTAINED IN THIS SECURITY INSTRUMENT, AS THE PHRASE "COVENANT AND AGREEMENT" IS USED IN SECTION 9. IF BORROWER IS OBLIGATED TO PAY ESCROW ITEMS DIRECTLY, PURSUANT TO A WAIVER, AND BORROWER FAILS TO PAY THE AMOUNT DUE FOR AN ESCROW ITEM, LENDER MAY EXERCISE ITS RIGHTS UNDER SECTION 9 AND PAY SUCH AMOUNT AND BORROWER SHALL THEN BE OBLIGATED UNDER SECTION 9 TO REPAY TO LENDER ANY SUCH AMOUNT. LENDER MAY REVOKE THE WAIVER AS TO ANY OR ALL ESCROW ITEMS AT ANY TIME BY A NOTICE GIVEN IN ACCORDANCE WITH SECTION 15 AND, UPON SUCH REVOCATION, BORROWER SHALL PAY TO LENDER ALL FUNDS, AND IN SUCH AMOUNTS THAT ARE THEN REQUIRED UNDER THIS SECTION 3. LENDER MAY, AT ANY TIME, COLLECT AND HOLD FUNDS IN AN AMOUNT (A) SUFFICIENT TO PERMIT LENDER TO APPLY THE FUNDS AT THE TIME SPECIFIED UNDER RESPA, AND (B) NOT TO EXCEED THE MAXIMUM AMOUNT A LENDER CAN REQUIRE UNDER RESPA. LENDER SHALL ESTIMATE THE AMOUNT OF FUNDS DUE ON THE BASIS OF CURRENT DATA AND REASONABLE ESTIMATES OF EXPENDITURES OF FUTURE ESCROW ITEMS OR OTHERWISE IN ACCORDANCE WITH APPLICABLE LAW. THE FUNDS SHALL BE HELD IN AN INSTITUTION WHOSE DEPOSITS ARE INSURED BY A FEDERAL AGENCY, INSTRUMENTALITY, OR ENTITY (INCLUDING LENDER, IF LENDER IS AN INSTITUTION WHOSE DEPOSITS ARE SO INSURED) OR IN ANY FEDERAL HOME LOAN BANK. LENDER SHALL APPLY THE FUNDS TO PAY THE ESCROW ITEMS NO LATER THAN THE TIME SPECIFIED UNDER RESPA. LENDER SHALL NOT CHARGE BORROWER FOR HOLDING AND APPLYING THE FUNDS, ANNUALLY ANALYZING THE ESCROW ACCOUNT, OR VERIFYING THE ESCROW ITEMS, UNLESS LENDER PAYS BORROWER INTEREST ON THE FUNDS AND APPLICABLE LAW PERMITS LENDER TO MAKE SUCH A CHARGE. UNLESS AN AGREEMENT IS MADE IN WRITING OR APPLICABLE LAW REQUIRES INTEREST TO BE PAID ON THE FUNDS, LENDER SHALL NOT BE REQUIRED TO PAY BORROWER ANY INTEREST OR EARNINGS ON THE FUNDS. BORROWER AND LENDER CAN AGREE IN WRITING, HOWEVER, THAT INTEREST SHALL BE PAID ON THE FUNDS. LENDER SHALL GIVE TO BORROWER, WITHOUT CHARGE, AN ANNUAL ACCOUNTING OF THE FUNDS AS REQUIRED BY RESPA. IF THERE IS A SURPLUS OF FUNDS HELD IN ESCROW, AS DEFINED UNDER RESPA, LENDER SHALL ACCOUNT TO BORROWER FOR THE EXCESS FUNDS IN ACCORDANCE WITH RESPA. IF THERE IS A SHORTAGE OF FUNDS HELD IN ESCROW, AS DEFINDED UNDER RESPA, LENDER SHALL NOTIFY BORROWER AS REQUIRED BY RESPA, AND BORROWER SHALL PAY TO LENDER THE AMOUNT NECESSARY TO MAKE UP THE SHORTAGE IN ACCORDANCE WITH RESPA, BUT IN NO MORE THAN 12 MONTHLY PAYMENTS. IF THERE IS A DEFICIENCY OF FUNDS HELD IN ESCROW, AS DEFINED UNDER RESPA, LENDER SHALL NOTIFY BORROWER AS REQUIRED BY RESPA, AND BORROWER SHALL PAY TO LENDER THE AMOUNT NECESARY TO MAKE UP THE DEFICIENCY IN ACCORDANCE WITH RESPA, BUT IN NO MORE THAN 12 MONTHLY PAYMENTS. UPON PAYMENT IN FULL OF ALL SUMS SECURED BY THIS SECURITY INSTRUMENT, LENDER SHALL PROMPTLY REFUND TO BORROWER ANY FUNDS HELD BY LENDER. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE TAXING 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 AS OF DECEMBER 31, 2025 AND 2024. THE CREDIT UNION'S 2022 THROUGH 2024 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. X X X 0 0 0 NICK BROOKS CHIEF EXECUTIVE OFFICER 179332 0 17041 0 0 0 4000 0 20192 0 220565 0 0 0 NICK SOSNOWSKI CHIEF FINANCIAL OFFICER 115342 0 15404 0 0 0 4896 0 22092 0 157734 0 0 0 PART I, LINE 3 COMPENSATION OF THE CREDIT UNION EMPLOYEES (INCLUDING THE CEO) IS DETERMINED BY THE ILLINOIS AGRICULTURAL ASSOCIATION (IAA). FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. MEMBERSHIP IS LIMITED TO EMPLOYEES, RETIREES, AND FAMILY MEMBERS OF CERTAIN EMPLOYERS. FORM 990, PART VI, SECTION A, LINE 7A VOTING IS BASED ON A ONE MEMBER, ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B NECESSARY ACTIONS ARE APPROVED AT THE CREDIT UNION'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTESS THAT HAVE BEEN GRANTED AUTHORITY TO ACTON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B RETURN WILL BE REVIEWED BY THE CFO AS WELL AS THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12 THE CREDIT UNION IS REQUIRED TO ADHERE TO THE CODE OF ETHICAL BUSINESS CONDUCT POLICY DEVELOPED BY ILLINOIS AGRICULTURAL ASSOCIATION (IAA) FOR IAA AND ITS AFFILIATES. ARTICLE VI OF THIS POLICY RELATES TO CONFLICT-OF-INTEREST RULES. THE MANAGEMENT TEAM IS REQUIRED ANNUALLY TO READ THIS POLICY AND SIGN A FORM STATING, "TO THE BEST OF MY KNOWLEDGE AND BELIEF, NEITHER I NOR MY FAMILY (AS DEFINED IN THE CODE), HAS BEEN INVOLVED IN ANY ACTIVITY WHICH MIGHT VIOLATE THE REQUIREMENTS SET FORTH IN ARTICLE VI OF THE CODE". IF THE PRECEDING STATEMENT IS NOT TRUE WITHOUT EXCEPTION, THEN THE RESPONDENT MUST FILE A WRITTEN EXCEPTION WITH GENERAL COUNSEL. NO SUCH ACTIVITIES WERE REPORTED IN 2025. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CREDIT UNION EMPLOYEES IS DETERMINED BY THE ILLINOIS AGRICULTURAL ASSOCIATION (IAA). ALL COMPENSATION ADJUSTMENTS MUST BE APPROVED BY IAA. COMPENSATION IS DETERMINED ANNUALLY BY IAA USING COMPARISON SALARY DATA FROM WITHIN THE INDUSTRY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.