NonprofitsCredit Union 1

Credit Union 1

RANTOUL, IL

Total revenue

$107.3M

Total expenses

$103.2M

Net assets

$157.5M

Grants received

EIN

370767435

Tax year

2024

Mission

Credit union 1 is a member-owned and controlled financial institution dedicated to providing convenient and competitive services as a means of improving ongoing economic well-being of our members while promoting growth and maintaining the credit union's long-term financial stability.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$58.9M
Investment income$27.3M
Other revenue$21.1M
Total revenue$107.3M

Expenses

Grants paid
Salaries & benefits$34.4M
Fundraising
Other expenses$68.9M
Total expenses$103.2M
Total assets$1.9B
Net assets$157.5M

People

14 listed

NameRoleCompensation

TODD GUNDERSON

CEO/PRESIDENT/DIRECTOR

Board

$853K

40 hrs/wk

PAUL FICHTER

CHIEF LEGAL COUNSEL

Board

$447K

40 hrs/wk

JEFF LYLE ROTHMEYER

CHIEF LENDING OFFICER

Board

$445K

40 hrs/wk

SCOTT MCDONALD

EVP, CHIEF FINANCIAL OFFIC

Board

$439K

40 hrs/wk

MICHAEL ECK

CHIEF MARKETING OFFICER

Board

$360K

40 hrs/wk

MICHAEL HIRT

SVP, CHIEF TECHNOLOGY OFFI

Board

$356K

40 hrs/wk

ROBERT EBERHARDT

DIRECTOR - CHAIR

Board

$22K

2 hrs/wk

HALLIE OLSEN

DIRECTOR

Board

$14K

2 hrs/wk

DAVID THURSTON

DIRECTOR - VICE CHAIR

Board

$14K

2 hrs/wk

PAUL SIMONS

DIRECTOR

Board

$14K

2 hrs/wk

KENT YAGER

DIRECTOR

Board

$14K

2 hrs/wk

THOMAS WELLS JR

DIRECTOR - SECRETARY

Board

$14K

2 hrs/wk

JASON REX TOLLIVER

DIRECTOR

Board

$14K

2 hrs/wk

DAN LONG

DIRECTOR

Board

$14K

2 hrs/wk

Independent contractors

Q2 SOFTWARE INC

ONLINE BANKING PLATORM

$2.1M

UNIVERSITY OF NOTRE DAME ATHLETICS

UNIVERSITY SPONSORSHIP

$1.8M

SERVION INC

LOAN SERVICING

$1.4M

DEI INC

CONSTRUCTION SERVICES

$1.4M

VAN WAGNER SPORTS & ENTERTAINMENT

SPONSORSHIP FEE

$1.1M

Details

EIN370767435
Subsection14
Ruling date1958-02
Formed1958
Employees497
Volunteers7
CREDIT UNION 1 — Mission, Financials & Grants Received | Grantivo