Illinois Credit Union League

EIN: 361255150

Naperville, IL

Total Revenue
$4,103,810
Total Expenses
$3,906,167
Total Assets
$27,229,643
Net Assets
$23,368,323
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
IL
Phone
6309833400
Tax Period
2023-01-01 to 2023-12-31

Illinois Credit Union League, founded in 1930, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 5% surplus.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,552,985
Investment Income $183,575
Other Revenue $367,250
TOTAL REVENUE $4,103,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,041,771
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,864,396
TOTAL EXPENSES $3,906,167

Year-over-Year Comparison

2023 2022 Change
Revenue $4,103,810 $3,701,935 +0.1%
Expenses $3,906,167 $3,586,649 +0.1%
Net Income $197,643 $115,286 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
127
Volunteers
20

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$2,006,731
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 5.0
Officer Director
$0 $0 $0
N/A Vice Chair 5.0
Officer Director
$0 $0 $0
N/A Chairman of the Board 5.0
Officer Director
$0 $0 $0
N/A Treasurer 5.0
Officer Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A VP Legislative Counsel 35.0
Officer
$212,560 $10,287 $222,847
N/A SVP Member Resources 35.0
Officer
$229,270 $16,512 $245,782
N/A SVP Governmental Affairs 35.0
Officer
$255,675 $15,280 $270,955
N/A EVP Regulatory Affairs 35.0
Officer
$321,648 $11,128 $332,776
N/A President/CEO 20.0
Officer
$0 $29,220 $934,371
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,103,810 $3,906,167 $27,229,643 $197,643
2022 $3,701,935 $3,586,649 $25,079,828 $115,286
2021 $3,457,086 $3,322,796 $20,722,665 $134,290
2020 $3,186,266 $3,074,248 $18,786,840 $112,018
2019 $3,733,739 $3,718,985 $13,925,549 $14,754
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