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This profile was last updated on 12/16/15  and contains information from public web pages and contributions from the ZoomInfo community.

President and Chief Executive Off...

Phone: (309) ***-****  HQ Phone
Email: m***@***.com
5401 W. Dirksen Parkway
Peoria , Illinois 61607
United States

Company Description: CEFCU is a not-for-profit financial cooperative where borrowers help savers and savers help borrowers. Like all credit unions, CEFCU is owned by its members. There...   more

Employment History

  • Vice President of Home Loans and Business Services

Board Memberships and Affiliations


  • MBA
    Bradley University
  • undergraduate degree , Finance
    Western Illinois University
69 Total References
Web References
Mark Spenny, ..., 16 Dec 2015 [cached]
Mark Spenny, CEFCU President/CEO, added, "CEFCU is a credit union; a member-owned financial cooperative. Operating as such allows CEFCU to share the benefits of a strong year with members ... and, again this year, those great financial results allowed for a $40 million Extraordinary Dividend! Thank you to members for your continued support, and to CEFCU staff for diligently providing members with superior service to ensure they can reach their financial goals." Members can learn more about this year's Extraordinary Dividend from CEFCU's President/CEO, Mark Spenny, at
ECONOMIC ENGINE, 13 Feb 2003 [cached]
"We've had a lot of success over the years," says Mark Spenny, CEFCU's vice president of home loans and business services."But the biggest comment we get about business services is 'I didn't even know CEFCU did that.'"
Spenny is careful to note a few criteria for success in the business financial services market.First, a financial institution must have a wide range of loan, deposit and cash management products.Account access is key, whether it's via PC-based services, branch locations or telephone."We compare favorably with every other financial institution here locally," says Spenny.An institution must be large enough to make the needed loan today and grow with a business over time.CEFCU, for example, can handle a business loan relationship with any single borrower up to $25 million.
Spenny also lists several essentials for business success.Among them, a company should have vision and realistic goals."We know CEFCU members well enough to help them with their vision and goals over the long term," says Spenny.
Business owners recognize that taking intelligent risks is vital.CEFCU helps members analyze cash flow issues, industry trends and long-term performance to ensure they're making the right moves."If we can help business owners be more successful and more competitive, we'll positively impact economic development in our community," says Spenny."That means new jobs, plus additional members for our organization."
CEFCU also helps business owners manage cash by offering loans at a quarter percent lower than most competitors and reasonable fees on products and services.It has earned trust by building long-term member relationships locally.And by enrolling in its Select Employee Group plan, CEFCU business members can offer benefits to their employees - such as direct deposit and discounts on loan rates - at virtually no cost.
Being able to loan more of CEFCU's assets to businesses in the region is forecast to impact the central Illinois economy by more than $1 billion, says Spenny.
Red Cross of Central Illinois, 2 Dec 2012 [cached]
Our Board of Directors | Economic Development Council for Central Illinois, 2 Mar 2015 [cached]
Mark Spenny- CEFCU
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