Citizens Equity First Credit Union
Only null% goes to programs Strong reserves Growing revenue
Citizens Equity First Credit Union is a 501(c)(14) organization based in Peoria, Illinois, registered in 2001, with $499,911,966 in FY2024 revenue. CharityIndex grades it A.
Po Box 1715, Peoria, IL, 61656 EIN 37-6028123 Since 2001
Revenue (FY2024)
$499.9M
▲ 36.0% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$438.6M
Net assets
$880.4M
Employees
1,211
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Citizens Equity First Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Citizens Equity First Credit Union: 24 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Citizens Equity First Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Citizens Equity First Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide quality service and products to improve the financial well being of members.
What they do
Continued to provide a wide variety of savings products with low fees and competitive rates. paid dividends totaling 36% of revenues including a $55 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 nearly $1.7 billion in consumer loans, over $373 million in mortgage loans, and over $70 million to member owned businesses.
Contact & location
- Address
- Po Box 1715, Peoria, IL, 61656
- City
- Peoria
- State
- Illinois
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $195.4M (FY2013) to $499.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.0BNet assets $880.4M
Operating margin
12.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.9B
Total liabilities
$7.0B
Net assets
$880.4M
Salaries & benefits
$108.4M
25% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $499,911,966▲36.0% | $438,638,813▲37.5% | $880,360,827▲11.4% | $7,913,483,068▲6.1% | 990 |
| 2023 | $367,653,194▲26.1% | $319,103,151▲30.4% | $790,064,823▲8.5% | $7,460,577,542▼2.9% | 990 |
| 2022 | $291,593,880▲7.6% | $244,775,584▲10.2% | $728,006,609▲10.0% | $7,682,726,978▼0.5% | 990 |
| 2021 | $271,033,514▼1.3% | $222,097,963▼4.5% | $661,606,516▲9.9% | $7,718,286,706▲8.7% | 990 |
| 2020 | $274,471,808▼2.5% | $232,526,622▼8.5% | $602,148,392▲3.0% | $7,099,882,295▲13.4% | 990 |
| 2019 | $281,570,051▲8.9% | $254,091,550▲7.4% | $584,620,565▲1.2% | $6,262,017,866▲5.1% | 990 |
| 2018 | $258,607,595▲10.3% | $236,530,994▲11.0% | $577,410,049▲6.7% | $5,956,471,394▲2.5% | 990 |
| 2017 | $234,479,820▲6.4% | $213,017,595▲8.7% | $541,043,439▲1.8% | $5,814,025,313▲3.5% | 990 |
| 2016 | $220,448,717▲3.7% | $196,044,684▼0.3% | $531,573,450▲2.7% | $5,616,772,732▲6.0% | 990 |
| 2015 | $212,574,829▲5.9% | $196,727,089▲5.9% | $517,571,071▲6.2% | $5,299,644,079▲5.8% | 990 |
| 2014 | $200,753,275▲2.7% | $185,814,616▲13.8% | $487,323,459▼4.9% | $5,009,434,045▲1.9% | 990 |
| 2013 | $195,409,422 | $163,265,498▼3.0% | $512,538,870▲15.9% | $4,917,862,850▲2.5% | 990 |
| 2012 | — | $168,266,956▼6.4% | $442,206,395▲5.1% | $4,795,594,446▲4.4% | 990 |
| 2011 | — | $179,711,150▼6.1% | $420,872,525▲3.5% | $4,592,081,884▲3.6% | 990 |
| 2010 | — | $191,445,910 | $406,554,728 | $4,431,147,438 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew J Mamer — $776,687 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew J Mamer | President-treasurer | 50 | $776,687 |
| Kevin D Schneider | Chief Legal Counsel | 50 | $406,875 |
| Timothy I Dunton | Chief Delivery Officer | 50 | $380,635 |
| Mark A Hoffmire | Chief Operations Officer | 50 | $365,237 |
| Alycia D Hightower | Chief People Officer | 50 | $337,365 |
| Wyatt S Wolven | Chief Financial Officer | 50 | $335,216 |
| Dianna L Hunter | Chief Operations Officer | 50 | $292,269 |
| Pedro Diaz | Vice President | 50 | $286,262 |
| Todd R Haller | Senior Vice President | 50 | $283,867 |
| Theresa A Lake | Vice President | 50 | $252,797 |
| Denise Ghere | Senior Vice President | 50 | $248,179 |
| Ronald Routh | Vice President | 50 | $244,421 |
| Kavita Sachdev | Secretary | 4 | $4,623 |
| Robert M Metzinger | Board Member | 3 | $2,411 |
| Sean D Scranton | Board Member | 3 | $2,329 |
| Angel G Martinez | Board Member | 3 | $1,332 |
| Billy J Frank | Board Member | 3 | — |
| Eric J Rahn | Vice Chairman | 3 | — |
| Jada A Hoerr | Board Member | 3 | — |
| Jennifer T Strickland | Vice Chairman | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mastercard | Credit Cards | $5,146,734 |
| Pscu | Card Processing | $4,449,397 |
| Q2 Software Inc | Electronic Banking Solutions | $4,177,944 |
| Kelly Scott and Madison Inc | Marketing | $3,602,412 |
| Quicksilver Mailing Services | Mailing Services | $2,651,001 |
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Compare Citizens Equity First Credit Union
Frequently asked questions
- Is Citizens Equity First Credit Union a legitimate nonprofit?
- Yes. Citizens Equity First Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 37-6028123, based in Peoria, Illinois.
- What is Citizens Equity First Credit Union's EIN?
- Citizens Equity First Credit Union's Employer Identification Number (EIN) is 37-6028123.
- How much revenue does Citizens Equity First Credit Union report?
- Citizens Equity First Credit Union reported $499,911,966 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Citizens Equity First Credit Union have?
- CharityIndex grades Citizens Equity First Credit Union A, based on financial health (reserves and operating margin).
- How much does Citizens Equity First Credit Union's highest-paid employee make?
- The highest reported compensation on Citizens Equity First Credit Union's latest Form 990 is $776,687, paid to Matthew J Mamer (President-treasurer).
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Data for Citizens Equity First Credit Union (EIN 37-6028123) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.