Illinois
REGULATING AGENCY: Illinois Department of Financial & Professional Regulation; Division of Financial Institutions
Illinois State Capitol
- Secretary Mario Treto, Jr.
- Francisco Menchaca, Director, Division of Financial Institutions
- Pam Gill, CU Section Assistant Supervisor
- Website: idfpr.com/dfi.asp
ACCREDITED: 1990
LEAGUE: Illinois Credit Union League
- Tom Kane, President/CEO
- Website: icul.com
PRIVATE SHARE INSURANCE: YES
2023 STATS
- Largest SCU: ALLIANT CU $19.0B in assets
- Largest FCU: STATE FARM FCU $4.68B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 164 | 50 | 214 | 76.64% |
| Credit Union Members | 3.64M | 304,812 | 3.94M | 92.27% |
| Credit Union Assets | $62.02B | $7.66B | $69.69B | 89.01% |
FUN FACT
In 1887, engineers began to reverse the flow of the Chicago River to stop pollution from contaminating the city’s water supply. The reversal was complete in 1900.
RECENT NEWS
Credit Union 1 to Participate in Illinois; Cannabis Social Equity Loan Program
Courtesy of CUToday
May 26, 2023 — Credit Union 1 has been selected to participate in the Illinois Department of Commerce and Economic Opportunity (DCEO) Cannabis Social Equity Loan Program.
The $30-million dollar fund will provide low-interest loans to social equity licenses within the State of Illinois, according to the $1.6-billion credit union.
Credit Union 1 noted it is also a preferred banking partner of The Chamber of Cannabis—a nonprofit organization designed to bring cannabis industry professionals together to build a more inclusive industry—and the New York CAURD Coalition—which invests in its members by ensuring access to resources in order to create a more sustainable and equitable industry. Read more
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