imported>SammySpartan at 23:28, 9 July 2024

2024-07-09T23:28:03Z

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{{Infobox company
| name = Citizens Equity First Credit Union
| logo = [[Image:CEFCU Logo 2PMS Tag.png|240px|CEFCU logo]]
| type = [[Credit union]]
| genre =
| foundation = 1937
| founder =
| location_city = [[Peoria, Illinois]]
| location_country = United States
| locations = 32 Member Centers (2022)
| area_served = [[Illinois]], [[California]]
| key_people = Angel G. Martinez ([[Chairman]]) Matthew J. Mamer ([[President (corporate title)|President]]/[[CEO]]) Mark A. Hoffmire ([[Chief Operations Officer|COO]])
| industry = [[Financial services]]
| products =
| services = [[Savings account|Savings]]; [[Checking accounts|Checking]]; Consumer [[Loan]]s; [[Mortgages]]; [[Credit card]]s; [[Investments]]
| revenue =
| operating_income =
| net_income = [[United States dollar|US$]]48.936 million (2021)<ref name="Citizens Equity First Credit Union">{{cite web
| url=https://www.cefcu.com/content/docs/14-annual-report.pdf
| title=2014 Annual Report
| author=Citizens Equity First Credit Union
| date=2015-12-04| accessdate=2015-12-04}}</ref>
| num_employees = nearly 1,000 employees<ref>{{cite web
| url=http://www.ncua.gov
| title=NCUA Form 5300 (Statement of Financial Condition)
| date=December 2014| accessdate=2015-12-04| publisher=[[National Credit Union Administration]]
}}</ref>
| divisions =
| subsid = CEFCU Financial Services<ref>{{cite web
| url=http://www.ncua.gov
| title=NCUA Form 5300 (Statement of Financial Condition)
| date=December 2014| accessdate=2015-12-04| publisher=[[National Credit Union Administration]]}}</ref>
| caption =
| homepage = [https://www.cefcu.com/ cefcu.com]
| footnotes =
| intl =
}}
'''Citizens Equity First Credit Union''' is a federally insured [[credit union]] based in [[Peoria, Illinois]], commonly referred to by its registered trademark, '''CEFCU'''.

CEFCU was founded in 1937 to serve the employees of [[Caterpillar Inc.|Caterpillar Tractor Company]]. It began as '''Caterpillar Employees Credit Union''' ('''CECU''') with a state credit union charter, then switched to a federal credit union charter and the name CEFCU ('''Caterpillar Employees Federal Credit Union'''). Upon legally separating from Caterpillar, CEFCU changed its acronym to more accurately reflect membership eligibility; first, to "Construction Equipment Federal Credit Union" and, later, to "Citizens Equity Federal Credit Union."

CEFCU returned to an Illinois state credit union charter in 2000, keeping the acronym CEFCU ("Citizens Equity First Credit Union") and maintaining federal deposit ("share") insurance under the [[National Credit Union Share Insurance Fund]].<ref>{{cite web
| url=https://www.cefcu.com/common/pdf/annual-report/00-annual-report.pdf
| title=2000 Annual Report
| author=Citizens Equity First Credit Union
| date=2001-04-27
| accessdate=2010-05-13
| archive-url=https://web.archive.org/web/20110708131255/https://www.cefcu.com/common/pdf/annual-report/00-annual-report.pdf
| archive-date=2011-07-08
| url-status=dead
}}</ref> CEFCU membership criteria allow employees of [[Caterpillar Inc.]] and Caterpillar dealers, partner companies (those working for about 550 specific companies with a CEFCU relationship), plus individuals who live or work in fourteen central [[Illinois]] counties, or who live, work, or worship in three [[California]] counties to belong to the credit union.<ref>{{cite web
| url=https://www.cefcu.com/membership-eligibility.html
| title=About Us - Membership
| accessdate=2015-12-04| publisher=Citizens Equity First Credit Union
}}</ref>
[[File:CEFCU Spartan Stadium aerial.jpg|thumb|Aerial view of [[CEFCU Stadium]] from the southwest, 2017]]
In August 2016, CEFCU purchased the naming rights to [[San Jose State University|San Jose State University's]] Spartan Stadium for $8.7 million, renaming it to [[CEFCU Stadium]].<ref>{{Cite web |title=Is Your School Receiving Top Money for Its Football Stadium Naming Rights? |url=https://www.watchstadium.com/posts/is-your-school-receiving-top-money-for-its-football-stadium-naming-rights-08-14-2019 |access-date=2024-07-09 |website=Stadium |language=en}}</ref>

Individuals living or working in the following [[Illinois]] counties are eligible for CEFCU membership: [[Bond County, Illinois|Bond]], [[Christian County, Illinois|Christian]], [[Clinton County, Illinois|Clinton]], [[Fulton County, Illinois|Fulton]], [[Jersey County, Illinois| Jersey]], [[Knox County, Illinois|Knox]], [[Livingston County, Illinois|Livingston]], [[Logan County, Illinois|Logan]], [[McLean County, Illinois|McLean]], [[Macon County, Illinois|Macon]], [[Macoupin County, Illinois| Macoupin]], [[Madison County, Illinois| Madison]], [[Marshall County, Illinois|Marshall]], [[Mason County, Illinois|Mason]], [[McLean County, Illinois| McLean]], [[Monroe County, Illinois| Monroe]], [[Montgomery County, Illinois| Montgomery]], [[Peoria County, Illinois|Peoria]], [[Putnam County, Illinois|Putnam]], [[Randolph County, Illinois| Randolph]], [[Saint Clair County, Illinois| Saint Clair]], [[Sangamon County, Illinois|Sangamon]], [[Stark County, Illinois|Stark]], [[Tazewell County, Illinois|Tazewell]], [[Washington County, Illinois|Washington]], and [[Woodford County, Illinois|Woodford]]. The institution now also operates in [[California]], with individuals who live, work or worship in [[Santa Clara County, California|Santa Clara]], [[Alameda County, California|Alameda]] and [[Contra Costa County, California|Contra Costa]] counties eligible to join CEFCU.<ref name="Citizens Equity First Credit Union"/>

==References==
{{reflist}}
{{Caterpillar}}

[[Category:Companies based in Peoria, Illinois]]
[[Category:Banks established in 1937]]
[[Category:Credit unions based in Illinois]]
[[Category:Caterpillar Inc.]]

{{US-finance-company-stub}}

Citizens Equity First Credit Union - Revision history

imported>SammySpartan at 23:28, 9 July 2024