Nonprofit · EIN 37-6028123
CITIZENS EQUITY FIRST CREDIT UNION
Tax-exempt · PEORIA, IL 61607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $499,911,966 | $438,638,813 | $61,273,153 | $7,913,483,068 | $7,033,122,241 | $880,360,827 |
| December 31, 2023 | 990 | $367,653,194 | $319,103,151 | $48,550,043 | $7,460,577,542 | $6,670,512,719 | $790,064,823 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $376,747,525
- Investment income
- $122,618,218
- Net rental income
- $546,223
- Net gain from sales of assets
- $18,972,782
- Other revenue
- $546,223
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $180,149,081
- Compensation of officers, directors and key employees
- $3,323,601
- Other salaries and wages
- $77,854,472
- Salaries, compensation and benefits (total)
- $108,386,173
- Professional fundraising fees
- $0
- Legal fees
- $354,409
- Accounting fees
- $359,761
- Occupancy
- $8,300,436
- Travel
- $151,207
- Depreciation
- $7,767,285
Balance sheet and other
- Total assets, start of year
- $7,460,577,542
- Total assets, end of year
- $7,913,483,068
- Total liabilities, end of year
- $7,033,122,241
- Net assets, end of year
- $880,360,827
- Land, buildings and equipment
- $72,530,241
- Publicly traded securities
- $1,200,040,526
- Gross unrelated business income
- $3,179,842
- Gross receipts
- $502,311,376
- Employees
- 1,211
- Volunteers
- 13
- Year formed
- 1937
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW J MAMER | PRESIDENT-TREASURER Trustee or director, Officer | 50 | $776,687 | $88,442 |
| KEVIN D SCHNEIDER | CHIEF LEGAL COUNSEL Officer | 50 | $406,875 | $62,548 |
| TIMOTHY I DUNTON | CHIEF DELIVERY OFFICER Officer | 50 | $380,635 | $76,942 |
| MARK A HOFFMIRE | CHIEF OPERATIONS OFFICER Officer | 50 | $365,237 | $74,294 |
| ALYCIA D HIGHTOWER | CHIEF PEOPLE OFFICER Officer | 50 | $337,365 | $51,493 |
| WYATT S WOLVEN | CHIEF FINANCIAL OFFICER Officer | 50 | $335,216 | $30,657 |
| TODD R HALLER | SENIOR VICE PRESIDENT Highest-paid employee | 50 | $283,867 | $47,882 |
| DIANNA L HUNTER | CHIEF OPERATIONS OFFICER Officer | 50 | $292,269 | $34,246 |
| PEDRO DIAZ | VICE PRESIDENT Highest-paid employee | 50 | $286,262 | $34,773 |
| RONALD ROUTH | VICE PRESIDENT Highest-paid employee | 50 | $244,421 | $55,315 |
| THERESA A LAKE | VICE PRESIDENT Highest-paid employee | 50 | $252,797 | $43,278 |
| DENISE GHERE | SENIOR VICE PRESIDENT Highest-paid employee | 50 | $248,179 | $39,782 |
| KAVITA SACHDEV | SECRETARY Trustee or director, Officer | 4 | $4,623 | $0 |
| ROBERT M METZINGER | BOARD MEMBER Trustee or director | 3 | $2,411 | $0 |
| SEAN D SCRANTON | BOARD MEMBER Trustee or director | 3 | $2,329 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGEL G MARTINEZ | BOARD MEMBER Trustee or director | 3 | $1,332 |
| JOSEPH R NEEDHAM | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| JENNIFER T STRICKLAND | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| ERIC J RAHN | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| TIMOTHY R BRUNTON | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| TODD W BRYANT | BOARD MEMBER Trustee or director | 3 | $0 |
| BILLY J FRANK | BOARD MEMBER Trustee or director | 3 | $0 |
| JADA A HOERR | BOARD MEMBER Trustee or director | 3 | $0 |
| MATTHEW D JOLIFF | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW J MAMER | PRESIDENT-TREASURER Trustee or director, Officer | 50 | $753,943 | $91,363 |
| KEVIN D SCHNEIDER | CHIEF LEGAL COUNSEL Officer | 50 | $375,127 | $69,829 |
| TIMOTHY I DUNTON | CHIEF DELIVERY OFFICER Officer | 50 | $356,848 | $79,856 |
| MARK A HOFFMIRE | CHIEF OPERATIONS OFFICER Officer | 50 | $340,528 | $74,130 |
| ALYCIA D HIGHTOWER | CHIEF PEOPLE OFFICER Officer | 50 | $297,589 | $48,607 |
| WYATT S WOLVEN | CHIEF FINANCIAL OFFICER Officer | 50 | $298,096 | $33,089 |
| TODD R HALLER | SENIOR VICE PRESIDENT Highest-paid employee | 50 | $256,245 | $47,864 |
| PETER DIAZ | CA COMMUNITY PRESIDENT Highest-paid employee | 50 | $268,255 | $34,662 |
| THERESA A LAKE | VICE PRESIDENT Highest-paid employee | 50 | $238,082 | $48,235 |
| RONALD ROUTH | VICE PRESIDENT Highest-paid employee | 50 | $216,644 | $69,620 |
| DENISE GHERE | SENIOR VICE PRESIDENT Highest-paid employee | 50 | $232,955 | $40,875 |
| DIANNA L HUNTER | CHIEF OPERATIONS OFFICER Officer | 50 | $197,143 | $27,566 |
| ANGEL G MARTINEZ | SECRETARY Trustee or director, Officer | 3 | $4,865 | $0 |
| JENNIFER T STRICKLAND | VICE CHAIRMAN Trustee or director, Officer | 3 | $3,751 | $0 |
| MATTHEW D JOLIFF | BOARD MEMBER Trustee or director | 3 | $2,533 | $0 |
| KAVITA SACHDEV | CHAIRMAN Trustee or director, Officer | 4 | $2,302 | $0 |
| JOSEPH R NEEDHAM | VICE CHAIRMAN Trustee or director, Officer | 3 | $2,048 | $0 |
| SEAN D SCRANTON | BOARD MEMBER Trustee or director | 3 | $2,007 | $0 |
| TIMOTHY R BRUNTON | BOARD MEMBER Trustee or director | 3 | $1,683 | $0 |
| ROBERT M METZINGER | BOARD MEMBER Trustee or director | 3 | $991 | $0 |
| EREC D MONTGOMERY | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| ERIC J RAHN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TODD W BRYANT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BILLY J FRANK | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JADA A HOERR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5401 W DIRKSEN PKWY, PEORIA, IL 61607-1188
- Mailing address (990-N for 2016)
- 5401WDIRKSENPKWY, PEORIA IL 616071188
- Principal officer (990 for 2024)
- WYATT WOLVEN, PO BOX 1715, PEORIA, IL 616561715
- Principal officer (990-N for 2016)
- MaxwellAllen, 9650NewtonRoad, Huntley IL 60142
- Signed the 990
- WYATT WOLVEN, CFO
- Phone
- (309) 633-7000
- Website
- WWW.CEFCU.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROVIDE QUALITY SERVICE AND PRODUCTS TO IMPROVE THE FINANCIAL WELL BEING OF MEMBERS.
Program accomplishments
- EXPANSION IN CALIFORNIA WITH THE OPENING OF THE GILROY MEMBER CENTER.LAUNCHED THE ILLINOIS STATE UNIVERSITY AND PEORIA RIVERMEN BRANDED DEBIT CARDS, STRENGTHENING AND ENHANCING THE RELATIONSHIPS WITH THESE ORGANIZATIONS, AND OFFERING MEMBERS THE OPPORTUNITY TO SHOW THEIR REDBIRD AND RIVERMEN PRIDE WITH A CEFCU-BRANDED DEBIT CARD! THESE ADDITIONS EXPANDED THE CREDIT UNION'S CO-BRANDED DEBIT CARDS BY JOINING THE ESTABLISHED SAN JOSE STATE UNIVERSITY DEBIT CARD - ALLOWING SJSU FANS TO SHOW THEIR SPARTAN SPIRIT!
- CONTINUED TO PROVIDE A WIDE VARIETY OF SAVINGS PRODUCTS WITH LOW FEES AND COMPETITIVE RATES. PAID DIVIDENDS TOTALING 36% OF REVENUES INCLUDING A $55 MILLION EXTRAORDINARY DIVIDEND DIVIDED BETWEEN BORROWERS AND SAVERS.
- PROVIDED A FULL RANGE OF MORTGAGE, CONSUMER, AND BUSINESS LOANS TO MEMBERS AND MEMBER OWNED BUSINESSES. GRANTED NEARLY $1.7 BILLION IN CONSUMER LOANS, OVER $373 MILLION IN MORTGAGE LOANS, AND OVER $70 MILLION TO MEMBER OWNED BUSINESSES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-6028123
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $7,913,483,068
- Income (IRS master file)
- $502,311,376
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $499,911,966 | $438,638,813 | $7,913,483,068 | XML |
| 990 | December 2023 | $367,653,194 | $319,103,151 | $7,460,577,542 | XML |
| 990 | December 2022 | $291,593,880 | $244,775,584 | $7,682,726,978 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: MaxwellAllen | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-6028123).
Questions about CITIZENS EQUITY FIRST CREDIT UNION
- What is the EIN of CITIZENS EQUITY FIRST CREDIT UNION?
- The employer identification number (EIN) of CITIZENS EQUITY FIRST CREDIT UNION is 37-6028123.
- Is CITIZENS EQUITY FIRST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2001.
- Are donations to CITIZENS EQUITY FIRST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CITIZENS EQUITY FIRST CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITIZENS EQUITY FIRST CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITIZENS EQUITY FIRST CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CITIZENS EQUITY FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2024 names WYATT WOLVEN.
- Who are the officers and directors of CITIZENS EQUITY FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 24 people; 16 received compensation from the organization, the highest $776,687 (MATTHEW J MAMER, PRESIDENT-TREASURER).
- How much revenue does CITIZENS EQUITY FIRST CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $499,911,966, expenses of $438,638,813 and total assets of $7,913,483,068 at year end.
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