Peoria, IL – At CEFCU’s recent Annual Meeting, the Credit Union reported outstanding achievements for 2015. At the end of the year, assets were nearly $5.3 billion, which is an increase of over 5.8% compared to 2014. Savings deposits and loans outstanding were at historic levels. And, total membership for 2015 grew by nearly 7,800 members.
Joni Hootman and Kim O’Donohue, both Financial Advisors located at CEFCU, registered through CUNA Brokerage Services, Inc. have received 2015 Women of Distinction awards in recognition of their superior performance, value, and overall contribution to the financial services industry.
As part of Money Smart Week 2016, CEFCU is again pleased to sponsor the Money Smart Kid Essay Contest. Students in 5th – 8th grades throughout Peoria, Tazewell, and Woodford counties are encouraged to answer this year’s Money Smart question with an essay of up to 500 words. The winner will be announced during Money Smart Week, which takes place April 23 - 30, during a special presentation at their school. The student will receive a $2,000 scholarship provided by CEFCU to invest in their future education.
Peoria, IL – CEFCU received a 5-Star or “Superior” rating – the highest rating awarded – by BAUERFINANCIAL, an independent organization that has been analyzing the performance of all financial institutions since 1983. This rating indicates CEFCU is a safe, financially-sound credit union that is operating well above regulatory capital requirements. BAUERFINANCIAL rates credit unions based on asset quality, capital adequacy, profitability, historical trends, reserves, and regulatory compliance
Peoria, IL – CEFCU is pleased to announce that members now have the ability to access Samsung Pay — the most accepted mobile payment system that works at the majority of merchants. Any CEFCU Debit Mastercard® or Credit Mastercard, may be used with Samsung Pay. Cardholders will enroll in Samsung Pay directly on their Samsung Galaxy S6 edge+, Note-5, S6 edge, S6 or S6 active device.
Peoria, IL – For the second consecutive year a $40 million Extraordinary Dividend was recently announced by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners. The amount each member will receive was determined by dividends earned and interest paid during the first 11 months of the year, as of November 30, 2015. On December 10, funds were deposited to members’ Savings accounts.