Illiana Financial Credit Union

Organization Overview

Illiana Financial Credit Union is located in Calumet City, IL. The organization was established in 2001. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Illiana Financial Credit Union employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illiana Financial Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Illiana Financial Credit Union generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.2m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ILLINOIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION MAKES AND SERVICES LOANS TO MEMBERS. THE TOTAL NUMBER OF LOANS AT 12/31/21 WAS 11,746 WITH AN OUTSTANDING LOAN BALANCE OF $124,880,443.


THE CREDIT UNION PAYS DIVIDENDS TO MEMBERS WITH SHARE DEPOSITS AT A COMPETITIVE RATE OF INTEREST. THE TOTAL NUMBER OF SHARE ACCOUNTS AT 12/31/21 WAS 27,315 WITH A TOTAL SHARE BALANCE OF $247,573,829.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Jim Henmueller
President/ceo
$386,191
Leonard Boos
Chief Financial Officer
$163,574
Jill Wilson
Chief Strategy Officer
$137,256
Angelica Zungia
Chief Administration Offic
$121,748
Russ Melby
Chairperson
$0
Bill Frank
Vice Chairperson
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$7,669,032
Investment income $1,579,366
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$22,452
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,725,137

Peer Organizations

Organization NameAssets
Beacon Credit Union
Wabash, IN
$47,143,377
Vibrant Credit Union
Moline, IL
$50,336,419
Indiana University Credit Union
Bloomington, IN
$48,794,263
Andigo Credit Union
Schaumburg, IL
$43,497,190
1st Midamerica Credit Union
Bethalto, IL
$45,661,014
Great Lakes Credit Union
Bannockburn, IL
$50,981,092
Financial Center First Credit Union
Indianapolis, IN
$38,154,429
Hoosier Hills Credit Union
Bedford, IN
$33,438,671
Dutrac Community Credit Union
Dubuque, IA
$36,287,980
Numark Credit Union
Joliet, IL
$32,569,723
Dupage Credit Union
Naperville, IL
$27,754,068
Abbott Laboratories Employer Credit Union
Gurnee, IL
$27,617,158

Create an account to unlock the data you need.

or