PEORIA, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CITIZENS EQUITY FIRST CREDIT UNION, founded in 1937, is a major nonprofit in the Public & Societal Benefit sector that reported $367.7M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $319.1M left a modest 13% surplus.
PROVIDE QUALITY SERVICE AND PRODUCTS TO IMPROVE THE FINANCIAL WELL BEING OF MEMBERS.
EXPANDED THE ILLINOIS FIELD OF MEMBERSHIP TO NOW INCLUDE CHAMPAIGN, DEWITT, DOUGLAS, FORD, PIATT, IROQUOIS, AND VERMILION COUNTIES; MEMBERSHIP NOW TOTALS NEARLY 393,000 STRONG.INTRODUCED A NEW ONLINE...
EXPANDED THE ILLINOIS FIELD OF MEMBERSHIP TO NOW INCLUDE CHAMPAIGN, DEWITT, DOUGLAS, FORD, PIATT, IROQUOIS, AND VERMILION COUNTIES; MEMBERSHIP NOW TOTALS NEARLY 393,000 STRONG.INTRODUCED A NEW ONLINE INSURANCE PRODUCT OFFERING THROUGH CEFCU INSURANCE SERVICES, INC., A SERVICE THAT ALLOWS MEMBERS TO EASILY COMPARE HIGHLY RATED INSURANCE CARRIER QUOTES. BUNDLED PRICING FOR AUTO, HOME, BUSINESS, AND OTHER TYPES OF INSURANCE CAN PROVIDE SIGNIFICANT SAVINGS FOR MEMBERS, OFFERING ANOTHER ADVANTAGE OF BEING A CEFCU MEMBER.
CONTINUED TO PROVIDE A WIDE VARIETY OF SAVINGS PRODUCTS WITH LOW FEES AND COMPETITIVE RATES. PAID DIVIDENDS TOTALING 32% OF REVENUES INCLUDING A $40 MILLION EXTRAORDINARY DIVIDEND DIVIDED BETWEEN...
CONTINUED TO PROVIDE A WIDE VARIETY OF SAVINGS PRODUCTS WITH LOW FEES AND COMPETITIVE RATES. PAID DIVIDENDS TOTALING 32% OF REVENUES INCLUDING A $40 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 OVER $1.6 BILLION IN CONSUMER LOANS, OVER $305 MILLION IN MORTGAGE LOANS, AND OVER $249...
PROVIDED A FULL RANGE OF MORTGAGE, CONSUMER, AND BUSINESS LOANS TO MEMBERS AND MEMBER OWNED BUSINESSES. GRANTED OVER $1.6 BILLION IN CONSUMER LOANS, OVER $305 MILLION IN MORTGAGE LOANS, AND OVER $249 MILLION TO MEMBER OWNED BUSINESSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $367,653,194 | $291,593,880 | +0.3% |
| Expenses | $319,103,151 | $244,775,584 | +0.3% |
| Net Income | $48,550,043 | $46,818,296 | +0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EREC D MONTGOMERY | VICE CHAIRMAN | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAVITA SACHDEV | CHAIRMAN | 4.00 |
Officer
Director
|
$2,302 | $0 | $2,302 |
| TIMOTHY R BRUNTON | BOARD MEMBER | 3.00 |
Director
|
$1,683 | $0 | $1,683 |
| ROBERT M METZINGER | BOARD MEMBER | 3.00 |
Director
|
$991 | $0 | $991 |
| ANGEL G MARTINEZ | SECRETARY | 3.00 |
Officer
Director
|
$4,865 | $0 | $4,865 |
| ERIC J RAHN | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW D JOLIFF | BOARD MEMBER | 3.00 |
Director
|
$2,533 | $0 | $2,533 |
| TODD W BRYANT | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| SEAN D SCRANTON | BOARD MEMBER | 3.00 |
Director
|
$2,007 | $0 | $2,007 |
| JENNIFER T STRICKLAND | VICE CHAIRMAN | 3.00 |
Officer
Director
|
$3,751 | $0 | $3,751 |
| BILLY J FRANK | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JADA A HOERR | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH R NEEDHAM | VICE CHAIRMAN | 3.00 |
Officer
Director
|
$2,048 | $0 | $2,048 |
| MATTHEW J MAMER | PRESIDENT-TREASURER | 50.00 |
Officer
Director
|
$753,943 | $91,363 | $845,306 |
| ALYCIA D HIGHTOWER | CHIEF PEOPLE OFFICER | 50.00 |
Officer
|
$297,589 | $48,607 | $346,196 |
| WYATT S WOLVEN | CHIEF FINANCIAL OFFICER | 50.00 |
Officer
|
$298,096 | $33,089 | $331,185 |
| MARK A HOFFMIRE | CHIEF OPERATIONS OFFICER | 50.00 |
Officer
|
$340,528 | $74,130 | $414,658 |
| TIMOTHY I DUNTON | CHIEF DELIVERY OFFICER | 50.00 |
Officer
|
$356,848 | $79,856 | $436,704 |
| KEVIN D SCHNEIDER | CHIEF LEGAL COUNSEL | 50.00 |
Officer
|
$375,127 | $69,829 | $444,956 |
| DIANNA L HUNTER | CHIEF OPERATIONS OFFICER | 50.00 |
Officer
|
$197,143 | $27,566 | $224,709 |
| TODD R HALLER | SENIOR VICE PRESIDENT | 50.00 |
Highest
|
$256,245 | $47,864 | $304,109 |
| PETER DIAZ | CA COMMUNITY PRESIDENT | 50.00 |
Highest
|
$268,255 | $34,662 | $302,917 |
| THERESA A LAKE | VICE PRESIDENT | 50.00 |
Highest
|
$238,082 | $48,235 | $286,317 |
| DENISE GHERE | SENIOR VICE PRESIDENT | 50.00 |
Highest
|
$232,955 | $40,875 | $273,830 |
| RONALD ROUTH | VICE PRESIDENT | 50.00 |
Highest
|
$216,644 | $69,620 | $286,264 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $367,653,194 | $319,103,151 | $7,460,577,542 | $48,550,043 |
| 2022 | $291,593,880 | $244,775,584 | $7,682,726,978 | $46,818,296 |
| 2021 | $271,033,514 | $222,097,963 | $7,718,286,706 | $48,935,551 |
| 2020 | $274,471,808 | $232,526,622 | $7,099,882,295 | $41,945,186 |
| 2019 | $281,570,051 | $254,091,550 | $6,262,017,866 | $27,478,501 |
| 2018 | $258,607,595 | $236,530,994 | $5,956,471,394 | $22,076,601 |
Compare CITIZENS EQUITY FIRST CREDIT UNION with other nonprofits in Illinois and across the country.