Promote charitable and educational goals as they relate to State and Federally chartered Credit Unions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+33.5% YoY
Annual Giving
$653K
+224.6% YoY
Grant Count
42
+162.5% YoY
Avg Grant Size
$16K
+23.7% YoY
About Illinois Credit Union Foundation
Based on IRS filings
Illinois Credit Union Foundation is a nonprofit organization focused on Public, Societal Benefit, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 42 grants totaling $653K. Net investment income was $85K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,723,110 | $2,039,044 | $1,195,318 |
| Revenue | $1,352,214 | $1,094,945 | $361,867 |
| Expenses | $668,148 | $251,219 | $167,889 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $85,457 | $56,423 | $15,272 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michelle Balog | Chair | 5 | — |
| Kerriann Mills | Vice Chair | 5 | — |
| Susan Toalson | Secretary | 5 | — |
| Lou Bicanic | Director | 1 | — |
| Geraldine Burek | Director | 1 | — |
| John Fiore | Director | 1 | — |
| John Hansen | Director | 1 | — |
| Michael Lee | Director | 1 | — |
| Thomas Pierce | Director | 1 | — |
| Amber Scott | Director | 1 | — |
| Sarah Vega | Director | 1 | — |
| Tom Kane | Director | 1 | — |
| Joseph Kregul | Director | 1 | — |
| Jose Garcia | Director | 1 | — |
| Michael Abraham | Director | 1 | — |
| Pete Fauth | Director | 1 | — |
| Melanie Murphy | Executive Director | 35 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Assets
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Total Given
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Primo Center for Women & Children
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Assets
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Total Given
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Rose Lafferty Educational Fund Xxxxx9006
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Assets
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Total Given
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The John Crerar Foundation
CHICAGO, IL
Assets
$991K
Grants
1
Total Given
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Fostering Success
WAYNE, IL
Assets
$38K
Grants
1
Total Given
$2K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Illinois Credit Union Foundation on Grantable?
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