EIN 37-6028123

Citizens Equity First Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
1,216
City
Year formed
1937
Most recent tax filings
2022-12-01
Description
Citizens Equity First Credit Union is a financial institution dedicated to providing quality service and products to improve the financial well-being of its members. In 2019, they added over $269 million of savings deposits, paid dividends totaling 35% of revenues including a $50 million extraordinary dividend divided between borrowers, and provided a full range of mortgage, consumer, and business loans - totaling over $1.2 billion in consumer loans, over $422 million in mortgage loans, and $135 million for member owned businesses. The credit union is located in Peoria, IL.
Total revenues
$291,593,880
2022
Total expenses
$244,775,584
2022
Total assets
$7,682,726,978
2022
Num. employees
1,216
2022

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

NameTitleCompensation
Mark A HoffmireChief Operations Officer / Senior Vice President$316,250
Wyatt WolvenChief Financial Officer$258,008
Alycia D HightowerChief People Officer / Vice President$250,323
Kevin D SchneiderChief Legal Counsel$348,150
Denise GhereSenior Vice President$217,605
...and 10 more key personnel

Financials for Citizens Equity First Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$269,242,885
Investment income and dividends$18,333,864
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$743,214
Net gain from sale of non-inventory assets$22,493
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,251,424
Total revenues$291,593,880

Form 990s for Citizens Equity First Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
2018-122020-02-19990View PDF
...and 9 more Form 990s

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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/ 
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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