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
Among its reported 2024 grants, the largest include Various ($107,167), Midwest Members CU ($61,407), Encurage Financial Network ($47,613).
| Recipient | Purpose | Amount |
|---|---|---|
| Decatur Postal CU Decatur, IL | Grant | $5,200 |
| IBEW Local 146 CU Decatur, IL | Grant | $5,300 |
| KCT CU Elgin, IL | Grant | $5,760 |
| Earthmover CU Aurora, IL | Grant | $5,760 |
| Metro FCU Arlington Heights, IL | Grant | $5,760 |
| Northwest Community CU Morton Grove, IL | Grant | $5,760 |
| NuMark CU Joliet, IL | Grant | $5,760 |
| Partnership FInancial CU Morton Grove, IL | Grant | $5,760 |
| Blaw Knox CU Mattoon, IL | Grant | $6,495 |
| MEA CU Monticello, IL | Grant | $7,200 |
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
Frequently Asked Questions
What is Illinois Credit Union Foundation?
Illinois Credit Union Foundation is a nonprofit organization focused on Public, Societal Benefit, based in NAPERVILLE, IL. It holds $2.7M in total assets as of 2024.
How large is Illinois Credit Union Foundation?
As of 2024, Illinois Credit Union Foundation holds $2.7M in total assets with $1.4M in annual revenue. It awarded 42 grants totaling $653K in 2024.
Where does Illinois Credit Union Foundation operate?
Illinois Credit Union Foundation has awarded grants in Illinois.
What size grants does Illinois Credit Union Foundation award?
In 2024, Illinois Credit Union Foundation awarded 42 grants totaling $653K — an average of about $16K per grant, based on its IRS Form 990 filings.
What is Illinois Credit Union Foundation's EIN?
Illinois Credit Union Foundation's EIN (Employer Identification Number) is 36-2994028. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Illinois Credit Union Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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