Credit Union 1

Fiscal year ending 2022. Filed on November 13, 2023.

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 2022 IRS Form 990 filing, Credit Union 1, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 485 total employees. Among the employees shown here, the average compensation is $453,925. The highest compensated employee at Credit Union 1 is Todd Gunderson with fiscal year 2022 compensation of $749,035.

Revenue, expenses, and employee compensation

Revenue

$74,221,901

Expenses

$64,352,203

Employee compensation

$32,316,856

Reported Compensated Employees

＋15.0%vs 2021

Todd Gunderson

President and Chief Executive Officer

$749,035

$693,135 from orgNo related comp$55,900 other

＋7.4%vs 2021

Paul Fichter

Executive Vice President, General Counsel and CHI

$442,267

$389,506 from orgNo related comp$52,761 other

＋16.7%vs 2021

Scott McDonald

Executive Vice President, Chief Financial Offic

$441,514

$386,350 from orgNo related comp$55,164 other

＋22.6%vs 2021

Jeff Rothmeyer

Executive Vice President, Chief Lending Officer

$411,243

$375,427 from orgNo related comp$35,816 other

＋10.8%vs 2021

Michael Hirt

Senior Vice President, Chief Technology OFFI

$346,496

$295,129 from orgNo related comp$51,367 other

＋5.5%vs 2021

Kevin Allen

Senior Vice President, Chief Sales Officer

$332,997

$285,231 from orgNo related comp$47,766 other

Benchmark Employee Compensation

Non-Employee Board Members

$21,600 from orgNo related comp$26,058 other

$14,400 from orgNo related comp$10,906 other

$14,400 from orgNo related comp$10,906 other

＋4.1%vs 2021

Thomas Wells Jr

Secretary and Director

$25,261

$14,400 from orgNo related comp$10,861 other

$14,400 from orgNo related comp$90 other

$14,400 from orgNo related comp$90 other

$14,400 from orgNo related comp$59 other

±0%vs 2021

Daniel Ricci

Vice Chair and Director

$14,445

$14,400 from orgNo related comp$45 other

Contractors

＋7.9%vs 2021

Allied Benefit Systems Inc.

Medical and Health Care Payments

$1,052,800

New in 2022

Civitas Paseo Verde Owner LLC

Rent

$696,537

－0.7%vs 2021

Comar Properties Inc.

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.