Overview
What is Illinois Credit Union Foundation?
The Illinois Credit Union Foundation is a nonprofit organization situated in Naperville, Illinois. Its primary focus is to support small credit unions by providing grants, including scholarship funding and resources for special projects that promote credit unions within Illinois. The foundation's mission aligns with charitable and educational objectives, particularly in relation to state and federally chartered credit unions, aiming to enhance their operation and visibility.
Is Illinois Credit Union Foundation legitimate?
Illinois Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Credit Union Foundation 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.
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What is the mission statement of Illinois Credit Union Foundation?
The Illinois Credit Union Foundation's mission is centered around promoting charitable and educational objectives, specifically in relation to State and Federally chartered Credit Unions. Their activities encompass providing grants to small Credit Unions, funding scholarships, and supporting projects that promote the growth and awareness of Credit Unions within Illinois. The foundation's goal is to contribute positively to the Credit Union sector, thereby benefiting its members and the broader community.
Who is the CEO of Illinois Credit Union Foundation?
Melanie Murphy is the Executive Director of Illinois Credit Union Foundation.
What is the revenue of Illinois Credit Union Foundation?
Illinois Credit Union Foundation's revenue in 2022 was $361,867.
Who are the executives of Illinois Credit Union Foundation and what are their salaries?
There 100 volunteers at Illinois Credit Union Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Illinois Credit Union Foundation?
Illinois Credit Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Credit Union Foundation
The Illinois Credit Union Foundation is an organization dedicated to advancing charitable and educational objectives that are pertinent to State and Federally chartered Credit Unions. Their mission, in essence, is to champion these goals within the Credit Union sector in Illinois. This nonprofit organization demonstrates its commitment through various initiatives, including grant distribution to smaller Credit Unions, scholarship funding, and projects aimed at promoting the significance of Credit Unions within the state.
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Impact
October, 2024
The Illinois Credit Union Foundation significantly impacts the growth and development of small credit unions across the state by providing essential grants for educational initiatives and special projects. By promoting charitable and educational goals directly related to state and federally chartered credit unions, the foundation fosters a stronger credit union community in Illinois. Its funding, including scholarship opportunities, enhances knowledge and resources within the sector, empowering credit unions to better serve their members and promote financial education. This commitment to support small credit unions ultimately benefits the public, strengthening the financial landscape in Illinois.
This information is meant to be a general summary of Illinois Credit Union Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15,272
- Gross Receipts: $376,100
Assets and Liabilities:
- Total Assets: $1,195,318
- Total Liabilities: $0
- Net Assets: $1,195,318
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Organization Details
Founding Year
1978
Principal Officer
Melanie Murphy
Main Address
1807 W DIEHL RD, NAPERVILLE, IL, 605631890
NTEE Category
Code: W61J - Public benefit
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