Program areas at Citizens Equity First Credit Union
Introduced hybrid heloc, which provides members with a home Equity line of Credit at a variable rate, while allowing them to lock in portions of their balances at fixed rates and payments. Introduced the cefcu cash back mastercard, a Credit card product that earns cash back on all eligible purchases.
Provided a full range of mortgage, consumer, and business loans to members and member owned businesses. Granted over $1.7 billion in consumer loans, over $458 million in mortgage loans, and over $257 million to member owned businesses.
Continued to provide a wide variety of savings products with low fees and competitive rates. Paid dividends totaling 22% of revenues including a $35 million extraordinary dividend divided between borrowers and savers.
Personnel at Citizens Equity First Credit Union
Name | Title | Compensation | Date of data |
---|
Mark A Hoffmire | Chief Operations Officer / Senior Vice President | $316,250 | 2022-12-31 |
Wyatt Wolven | Chief Financial Officer | $258,008 | 2023-11-15 |
Alycia D Hightower | Chief People Officer / Vice President | $250,323 | 2022-12-31 |
Kevin D Schneider | Chief Legal Counsel | $348,150 | 2022-12-31 |
Denise Ghere | Senior Vice President | $217,605 | 2022-12-31 |
...and 10 more key personnel |
Financials for Citizens Equity First Credit Union
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $269,242,885 | $252,729,903 | 6.5% |
Investment income and dividends | $18,333,864 | $12,256,221 | 49.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $743,214 | $951,373 | -21.9% |
Net gain from sale of non-inventory assets | $22,493 | $1,707,105 | -98.7% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $3,251,424 | $3,388,912 | -4.1% |
Total revenues | $291,593,880 | $271,033,514 | 7.6% |
Organizations like Citizens Equity First Credit Union
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ELGA Credit Union | 501(c)(14) | Grand Blanc, MI | $86,734,421 |
Elevations Credit Union | 501(c)(14) | Boulder, CO | $140,790,639 |
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Space Coast Credit Union | 501(c)(14) | Melbourne, FL | $310,171,993 |
Idaho Central Credit Union | 501(c)(14) | Pocatello, ID | $406,338,322 |
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Canvas Credit Union (PSCU) | 501(c)(14) | Lone Tree, CO | $237,343,960 |
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Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 2 new personnel
December 27, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
Memberships
General information
- Address
- PO Box 1715
- Peoria, IL 61656
- Metro area
- Peoria, IL
- County
- Peoria County, IL
- Website URL
- cefcu.com/Â
- Phone
- (309) 633-7000
IRS details
- EIN
- 37-6028123
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1937
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Independent
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