NonprofitsIllinois Credit Union Foundation

Public & Societal Benefit

Illinois Credit Union Foundation

NAPERVILLE, IL

Total revenue

$1.4M

Total expenses

$668K

Net assets

$2.7M

Grants received

$45K

3 grants

EIN

362994028

Tax year

2024

Mission

Promote charitable and educational goals as they relate to State and Federally chartered Credit Unions.

Programs

1 program

Grants to small Credit Unions including professional development and special projects promoting financial health and well-being initiatives

Expenses: $248KGrants: $246K

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue
Investment income$85K
Other revenue$53K
Total revenue$1.4M

Expenses

Grants paid$663K
Salaries & benefits
Fundraising
Other expenses$5K
Total expenses$668K
Total assets$2.7M
Net assets$2.7M

People

17 listed

NameRoleCompensation

Michelle Balog

Chair

Board

5 hrs/wk

Kerriann Mills

Vice Chair

Board

5 hrs/wk

Susan Toalson

Secretary

Board

5 hrs/wk

Lou Bicanic

Director

Board

1 hrs/wk

Geraldine Burek

Director

Board

1 hrs/wk

John Fiore

Director

Board

1 hrs/wk

John Hansen

Director

Board

1 hrs/wk

Michael Lee

Director

Board

1 hrs/wk

Thomas Pierce

Director

Board

1 hrs/wk

Amber Scott

Director

Board

1 hrs/wk

Sarah Vega

Director

Board

1 hrs/wk

Tom Kane

Director

Board

1 hrs/wk

Joseph Kregul

Director

Board

1 hrs/wk

Jose Garcia

Director

Board

1 hrs/wk

Michael Abraham

Director

Board

1 hrs/wk

Pete Fauth

Director

Board

1 hrs/wk

Melanie Murphy

Executive Director

Board

35 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$15K
CHARITABLE CONTRIBUTION TO ASSIST THE FOUNDATION PROMOTE THE SELF-HELP IDEAS OF CREDIT UNIONS THROUGH GRANTS AND SCHOLARSHIPS
2024
$10K
CHARITABLE CONTRIBUTION
2023
$20K
CORPORATE DONATION
2020

Funded by

$45K from 2 funders · 3 grants · 2020–2024

Scott Credit Union

$25K · 2 grants · 2023–2024

Ih Mississippi Valley Credit Union

$20K · 1 grant · 2020

Details

EIN362994028
NTEE codeW61J
Subsection03
Ruling date0000-00
Formed1978
Employees0
Volunteers100
ILLINOIS CREDIT UNION FOUNDATION — Mission, Financials & Grants Received | Grantivo