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Press Releases
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CEFCU Announced as Top Credit Union in Illinois
Peoria, IL – CEFCU has been selected as the top Credit Union in Illinois in 2022 in a nationwide survey conducted by Forbes.
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CEFCU Announces Senior Management Promotions
Peoria, IL – CEFCU announces that Alycia Hightower has assumed the role of Chief People Officer.
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$20 Million Extraordinary Dividend Distributed to CEFCU Members
Peoria, IL – A $20 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners.
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CEFCU Completes the Purchase of Four Illinois Branches From Simmons Bank
Peoria, IL and Pine Bluff, AR — Citizens Equity First Credit Union (CEFCU) of Peoria, Illinois, announced today that it has completed its purchase of four Illinois branches from Simmons Bank of Pine Bluff, Arkansas. The branch offices are located in Columbia, Edwardsville, Godfrey, and O’Fallon, Illinois.
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CEFCU Announces Promotions
Peoria, IL – CEFCU announces that Mark Hoffmire will assume the role of Chief Operations Officer effective May 1, 2021.
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CEFCU Announces Retirement & Management Move
Peoria, IL – CEFCU announces the retirement of Mary Conrady, and the management move of Doug Higgins.
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CEFCU Announces Mark Spenny's Retirement and Matt Mamer as Next President/CEO
CEFCU announces the retirement of Mark Spenny, CEFCU’s President/CEO, effective May 1, 2021.
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CEFCU Enters Into Agreement With Simmons Bank to Purchase Four Branches
Peoria, IL and Pine Bluff, AR – Citizens Equity First Credit Union (“CEFCU”) and Simmons Bank (“Simmons”) have entered into an agreement pursuant to which CEFCU will purchase four Simmons Bank branches located in the Metro East area of Southern Illinois, near St. Louis. Select loan and deposit accounts, along with non-deposit product relationships, are included in the purchase.
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$30 Million Extraordinary Dividend Distributed to CEFCU Members
Peoria, IL – A $30 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners. The amount each member received was determined by dividends earned and interest paid during the first 11 months of the year. On December 1, funds were deposited to members’ Savings accounts.
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CEFCU RECORD LOAN MONTH FOR JUNE 2020
Peoria, IL – CEFCU is pleased to announce the Credit Union reported a record volume of consumer loan closings for the month of June. Throughout the month, over $194 million was loaned to members for their consumer, mortgage, and business loan needs. CEFCU is proud to be able to serve members, especially during times of difficulty and uncertainty.