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CREDIT UNION 1

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Public IRS 990 nonprofit record

CREDIT UNION 1

EIN 37-0767435 · Telecommunications (W50)

What they do

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 UNIONS LONG-TERM FINANCIAL STABILITY.

Before you give

Should I give to this charity?

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We do not have enough spending detail

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$96.17spent for every $100 of revenueRevenue covered expenses this year.
$18.15in assets for every $1 spent this yearSome assets cannot be spent right away.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $907,650 for TODD GUNDERSON (CEO/PRESIDENT/DIRECTOR). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$107,315,887
Expenses$103,205,283
Annual surplus $4,110,604 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$107,315,887
Expenses$103,205,283
Assets$1,873,446,949
Income$107,315,887
Stocks and bonds$11,453,556
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
TODD GUNDERSONCEO/PRESIDENT/DIRECTOR · 40 hrs/week $907,650Base $852,631 · Other $55,019
PAUL FICHTERCHIEF LEGAL COUNSEL · 40 hrs/week $502,220Base $447,201 · Other $55,019
JEFF LYLE ROTHMEYERCHIEF LENDING OFFICER · 40 hrs/week $499,376Base $444,509 · Other $54,867
SCOTT MCDONALDEVP, CHIEF FINANCIAL OFFIC · 40 hrs/week $494,456Base $439,437 · Other $55,019
MICHAEL HIRTSVP, CHIEF TECHNOLOGY OFFI · 40 hrs/week $407,849Base $356,155 · Other $51,694
MICHAEL ECKCHIEF MARKETING OFFICER · 40 hrs/week $406,735Base $360,447 · Other $46,288
ROBERT EBERHARDTDIRECTOR - CHAIR · 2 hrs/week $48,523Base $21,600 · Other $26,923
DAN LONGDIRECTOR · 2 hrs/week $25,605Base $14,400 · Other $11,205
KENT YAGERDIRECTOR · 2 hrs/week $25,605Base $14,400 · Other $11,205
JASON REX TOLLIVERDIRECTOR · 2 hrs/week $14,784Base $14,400 · Other $384
THOMAS WELLS JRDIRECTOR - SECRETARY · 2 hrs/week $14,411Base $14,400 · Other $11
DAVID THURSTONDIRECTOR - VICE CHAIR · 2 hrs/week $14,404Base $14,400 · Other $4

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

TODD GUNDERSONCEO/PRESIDENT/DIRECTOR

PAUL FICHTERCHIEF LEGAL COUNSEL

JEFF LYLE ROTHMEYERCHIEF LENDING OFFICER

SCOTT MCDONALDEVP, CHIEF FINANCIAL OFFIC

MICHAEL HIRTSVP, CHIEF TECHNOLOGY OFFI

MICHAEL ECKCHIEF MARKETING OFFICER

ROBERT EBERHARDTDIRECTOR - CHAIR

DAN LONGDIRECTOR

KENT YAGERDIRECTOR

JASON REX TOLLIVERDIRECTOR

THOMAS WELLS JRDIRECTOR - SECRETARY

DAVID THURSTONDIRECTOR - VICE CHAIR

HALLIE OLSENDIRECTOR

PAUL SIMONSDIRECTOR

About this charity

Recognized since
January 1958
Location
200 E CHAMPAIGN AVE, RANTOUL, IL 61866-2930
County
Champaign
In care of
SCOTT MCDONALD
Primary officer
SCOTT MCDONALD, CFO/EVP

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
GBQ PARTNERS LLC
NTEE classification
Telecommunications (W50)
IRS tax category
Telecommunications

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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