Compensation 990

Credit Union 1

Fiscal year ending 2018. Filed on November 14, 2019.

200 E Champaign Ave
Rantoul, Illinois 61866

Credit Union 1 (EIN: 37-0767435) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Credit Union 1, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 15 out of 409 total employees. Among the employees shown here, the average compensation is $186,268. The highest compensated employee at Credit Union 1 is Paul Simons with fiscal year 2018 compensation of $502,663.

Revenue, expenses, and employee compensation

Revenue

$50,527,357

Expenses

$44,142,088

Employee compensation

$18,981,681
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋4.7%vs 2017
Paul Simons
Ceo/Director/Treasurer
$502,663
$484,163 from orgNo related comp$18,500 other
－3.6%vs 2017
Paul Fichter
General Counsel/Svp Legal OPS
$224,334
$202,463 from orgNo related comp$21,871 other
－5.0%vs 2017
Susan Hejnosz
Evp/Chief Information OFFI
$210,802
$197,858 from orgNo related comp$12,944 other
＋4.7%vs 2017
James McNeil
Senior Vice President RISK Management
$199,657
$167,954 from orgNo related comp$31,703 other
－4.7%vs 2017
Brenda Crane
Senior Vice President and Chief Lending Officer
$193,701
$179,795 from orgNo related comp$13,906 other
New in 2018
Todd Gunderson
Evp/Chief Operations Officer
$190,083
$182,533 from orgNo related comp$7,550 other
－4.0%vs 2017
Richard Broaddus
Senior Vice President and Chief Financial Officer
$188,065
$174,453 from orgNo related comp$13,612 other
＋35.2%vs 2017
Tim Rapson
Vice President, Branch Operations
$180,265
$175,152 from orgNo related comp$5,113 other
＋1.5%vs 2017
Michael Hirt
Svp/Chief Technology Officer
$147,235
$136,014 from orgNo related comp$11,221 other
＋3.6%vs 2017
James Kamp
Vice President Payment Services
$138,177
$117,308 from orgNo related comp$20,869 other
＋14.4%vs 2017
Sue Heyen
Vice President Human Resources and Train
$133,671
$119,085 from orgNo related comp$14,586 other
＋4.0%vs 2017
Lenore Hansen
Vice President LOSS Prevention and Recov
$126,266
$107,466 from orgNo related comp$18,800 other

Non-Employee Board Members

＋26.7%vs 2017
Donna Robinson
Director
$1,224
$1,224 from orgNo related compNo other comp
Daniel Ricci
Board Chair
No compensation reported
Joseph Lyons
Director
No compensation reported
David Scott
Director
No compensation reported
Thomas Wells Jr
Director
No compensation reported
Robert Eberhardt
Director
No compensation reported
Kent Yager
Director
No compensation reported
Robert Larson Jr
Director
No compensation reported

Contractors

New in 2018
Allied Benefit Systems Inc.
Employee Benefits
$658,325
New in 2018
22ND St LLC Butterfield Properties
Rent
$319,926
New in 2018
Gpx Ommunications LLC Envolve Ip
Phones
$286,442
New in 2018
Atrium Mall LLC
Rent
$214,523
New in 2018
Comar Properties Inc.
Rent
$195,161

Mission Statement

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.

Revisions to this organization profile

May 15, 2025:
2024 Credit Union 1 990 filed
November 7, 2024:
2023 Credit Union 1 990 filed
November 13, 2023:
2022 Credit Union 1 990 filed

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