Overview
What is Citizens Equity First Credit Union?
Citizens Equity First Credit Union is a financial institution based in Peoria, Illinois, with a PO Box address (1715). They offer unique home equity solutions for their members, such as a hybrid HELOC, which combines a variable rate with an option to lock in fixed rates and payments for certain portions of the balance. Additionally, they introduced the CEFCU Cash Back Mastercard, a credit card that rewards members with cash back on eligible purchases. The mission of Citizens Equity First Credit Union is dedicated to enhancing members' financial well-being by providing quality services and products. With a workforce of 1216 employees, they are committed to delivering top-notch financial assistance to their members.
Official website here: www.cefcu.com
Is Citizens Equity First Credit Union legitimate?
Citizens Equity First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Citizens Equity First Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,504,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,728,693
For more financial information, click here
Official website here: www.cefcu.com
What is the mission statement of Citizens Equity First Credit Union?
Citizens Equity First Credit Union is dedicated to enhancing the financial well-being of its members. They accomplish this by offering high-quality products and services. Recently, they introduced a Hybrid HELOC, a unique home equity line of credit that enables members to maintain variable rates while fixing portions of their balances and payments. Additionally, they launched the CEFCU Cash Back Mastercard, a credit card product that rewards members with cash back on eligible purchases. The credit union is committed to providing its members with financial tools and resources to help them manage and improve their financial situations.
Official website here: www.cefcu.com
Who is the CEO of Citizens Equity First Credit Union?
Matthew Mamer is the Principal Officer of Citizens Equity First Credit Union.
Official website here: www.cefcu.com
What is the revenue of Citizens Equity First Credit Union?
Citizens Equity First Credit Union's revenue in 2022 was $291,593,880.
Official website here: www.cefcu.com
Who are the executives of Citizens Equity First Credit Union and what are their salaries?
The average compensation at Citizens Equity First Credit Union during 2022 was $54,468. There are 1,216 employees and 7 volunteers at Citizens Equity First Credit Union.
Here are 24 key members and their salaries:
- Matthew J Mamer (President-Treasurer) [Trustee/Director]
- Kevin D Schneider (Chief Legal Counsel)
- Timothy I Dunton (Chief Delivery Officer)
- Mark A Hoffmire (Chief Operations Officer)
- Alycia D Hightower (Chief People Officer)
- Wyatt S Wolven (Chief Financial Officer)
- Peter Diaz (Ca Community President)
- Todd R Haller (Vice President)
- Theresa A Lake (Vice President)
- Denise Ghere (Senior Vice President)
- Ronald Routh (Vice President)
- Kavita Sachdev (Vice Chairman) [Trustee/Director]
- Joseph R Needham (Vice Chairman) [Trustee/Director]
- Timothy R Brunton (Board Member) [Trustee/Director]
- Angel G Martinez (Chairman) [Trustee/Director]
- Sean D Scranton (Board Member) [Trustee/Director]
- Robert M Metzinger (Board Member) [Trustee/Director]
- Erec D Montgomery (Vice Chairman) [Trustee/Director]
- Eric J Rahn (Board Member) [Trustee/Director]
- Matthew D Joliff (Secretary) [Trustee/Director]
- Todd W Bryant (Board Member) [Trustee/Director]
- Jennifer T Strickland (Board Member) [Trustee/Director]
- Billy J Frank (Board Member) [Trustee/Director]
- Jada A Hoerr (Board Member) [Trustee/Director]
Official website here: www.cefcu.com
Where can I find the form 990 for Citizens Equity First Credit Union?
The Citizens Equity First Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cefcu.com
Learn more at the official website: www.cefcu.com
Mission Statement of Citizens Equity First Credit Union
Citizens Equity First Credit Union, with its mission to enhance the financial well-being of its members, is committed to providing top-notch services and products. The credit union aims to improve the financial situation of its members by introducing innovative financial solutions.
One of the significant offerings of Citizens Equity First Credit Union is the Hybrid HELOC. This home equity line of credit provides members with the flexibility of a variable rate, coupled with the security of locking in portions of their balances and payments at fixed rates. With this financial tool, members can effectively manage their home equity and customize their repayment plan depending on their financial goals and market conditions.
Another value-added product introduced by Citizens Equity First Credit Union is the CEFCU Cash Back Mastercard. This credit card rewards card permits members to earn cash back on all eligible purchases, providing an additional incentive for using their card for daily transactions. By offering such financial solutions, Citizens Equity First Credit Union continues to provide quality services that cater to the diverse financial needs of its members.
Impact
This information is meant to be a general summary of Citizens Equity First Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Citizens Equity First Credit Union's impact can be seen through its innovative financial products and services that aim to enhance the financial well-being of its members. By introducing unique offerings such as the hybrid HELOC, which provides flexibility and stability in accessing home equity, and the CEFCU Cash Back Mastercard that rewards members for their purchases, CEFCU is empowering individuals to make better financial decisions and improve their overall financial health. This commitment to providing quality service and products aligns with their mission to support members in achieving their financial goals.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$215,571,856
FEES AND CHARGES
Revenue
$53,670,475
MEMBER INITIATION FEES
Revenue
$554
Organization Details
Founding Year
1937
Phone
(309) 633-7000
Principal Officer
Matthew Mamer
Main Address
PO BOX 1715, PEORIA, IL, 616561715
Website
www.cefcu.com
NTEE Category
Code: W60 - Public benefit
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