Illinois Credit Union League

Organization Overview

Illinois Credit Union League is located in Naperville, IL. The organization was established in 1942. 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 12/2022, Illinois Credit Union League employed 135 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Illinois Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, Illinois Credit Union League generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT STATE AND FEDERALLY CHARTERED CREDIT UNIONS IN ILLINOIS BY PROVIDING EDUCATION, ADVOCACY AND COMPLIANCE SERVICES ALLOWING THEM TO PROSPER IN THE MARKETPLACE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEGAL AND COMPLIANCE ADVISORY SERVICES TO MEMBER CREDIT UNIONS


MEMBERSHIP SERVICES INCLUDING ACTIVITIES SUPPORTING STATEWIDE CHARTERS AND ANY SPECIAL BOARD AUTHORIZED ACTIVITIES FOR CREDIT UNION MEMBERS


DEVELOPMENT, EDUCATIONAL AND NETWORKING CONFERENCES AND EVENTS


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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$3,463,970
Investment income $95,715
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,701,935

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Rock Valley Federal Credit Union
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Iaa Credit Union
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$13,399,516
Partnership Financial Credit Union
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