Illinois Credit Union League

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 361255150 ✦ Naperville, IL ✦ Designated as a 501(c)(6)

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Overview

What is Illinois Credit Union League?

The Illinois Credit Union League is a nonprofit organization situated in Naperville, Illinois. With a staff of 135, their primary mission is to support both state and federally chartered credit unions within Illinois. They accomplish this by offering a range of services, including education, advocacy, and compliance assistance. These services empower credit unions to thrive in the competitive financial marketplace, ultimately benefiting their members and the broader community.


Official website here: www.icul.com

Is Illinois Credit Union League legitimate?

Illinois Credit Union League is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Credit Union League submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $914,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $649,360

For more financial information, click here


Official website here: www.icul.com

What is the mission statement of Illinois Credit Union League?

The Illinois Credit Union League serves to support both state and federally chartered credit unions by providing educational resources, advocacy, and compliance assistance. This enables these credit unions to thrive in the financial marketplace. The league offers legal and compliance advisory services to its member credit unions, ensuring they adhere to regulations and operate smoothly. In essence, its mission is to empower and strengthen the credit union sector, thereby benefiting its members and the wider financial community.


Official website here: www.icul.com

Who is the CEO of Illinois Credit Union League?

Thomas H Kane is the Principal Officer of Illinois Credit Union League. The CEO's salary of Illinois Credit Union League is $0 and their total compensation is $772,992.


Official website here: www.icul.com

What is the revenue of Illinois Credit Union League?

Illinois Credit Union League's revenue in 2022 was $3,701,935.


Official website here: www.icul.com

Who are the executives of Illinois Credit Union League and what are their salaries?

The average compensation at Illinois Credit Union League during 2022 was $11,584. There are 135 employees and 20 volunteers at Illinois Credit Union League.


Here are 18 key members and their salaries (Illinois Credit Union League's CEO's salary is $0 and their total compensation is $772,992):


Tom Kane (President/Ceo)
  • Compensation: $0
  • Related: $740,348
  • Other: $32,644
Patrick Basler End 1222 (Evp/Coo)
  • Compensation: $0
  • Related: $332,944
  • Other: $41,665
Patrick Smith (Svp Regulatory Affairs)
  • Compensation: $243,709
  • Related: $0
  • Other: $10,148
Keith Sias (Sfp Government Affairs)
  • Compensation: $225,580
  • Related: $0
  • Other: $14,309
Joni Senkpeil (Svp Member Solutions)
  • Compensation: $209,240
  • Related: $0
  • Other: $14,740
Ashley Sharp (Vp Legislative Counsel)
  • Compensation: $187,810
  • Related: $0
  • Other: $8,924
Alan Meyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Wildman Start 0422 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danita Swanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darlyne Keller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Padak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Garcia (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Kregul (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Trosclair Start 0422 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerry Fearn (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Abraham (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelli Chesnutt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim O'Donnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.icul.com

Where can I find the form 990 for Illinois Credit Union League?

Illinois Credit Union League's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.icul.com

Learn more at the official website: www.icul.com

Mission Statement of Illinois Credit Union League

Illinois Credit Union League, a nonprofit organization, is committed to supporting state and federally chartered credit unions in Illinois. By providing education, advocacy, and compliance services, the League enables these credit unions to thrive in the financial marketplace. Their mission is to empower these credit unions, allowing them to prosper and serve their members effectively. The League offers legal and compliance advisory services to its member credit unions, ensuring they adhere to regulations and operate in a secure and compliant manner. This support helps credit unions maintain their strength and continuity, ultimately benefiting their members and the broader community.

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Impact




October, 2024

The Illinois Credit Union League plays a crucial role in supporting both state and federally chartered credit unions across Illinois. By providing essential education, advocacy, and compliance services, the League enables these financial institutions to thrive in a competitive marketplace. Their legal and compliance advisory services help credit unions navigate regulatory complexities, ensuring they operate effectively and meet necessary standards. Through its efforts, the League fosters a strong credit union community, ultimately contributing to improved financial services and community development throughout the state.




This information is meant to be a general summary of Illinois Credit Union League. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,701,935 (2022)
Expenses
$3,586,649 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $95,715
  • Program Service Revenue: $3,463,970
  • Gross Receipts: $3,701,935

Assets and Liabilities:

  • Total Assets: $25,079,828
  • Total Liabilities: $4,408,952
  • Net Assets: $20,670,876

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$2,679,690

EDUCATION PROGRAMS

Revenue

$166,718

GOVERNMENT AFFIARS CONFERENCE

Revenue

$132,330

ANNUAL MEETING

Revenue

$449,584

OTHER

Revenue

$35,648

Organization Details

Founding Year

1930

Principal Officer

Thomas H Kane

Main Address

1807 WEST DIEHL ROAD, NAPERVILLE, IL, 60563

NTEE Category

Code: S41 - Community improvement

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