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News Now

CU System
Illinois Foundation Awards $31K In Year's Final Grant Round
NAPERVILLE, Ill. (11/27/13)--The charity arm of the Illinois Credit Union League announced Tuesday that it is giving $30,790 in grants to member credit unions and ICUL chapters.
 
The Illinois Credit Union Foundation awards are going to small-credit union development, community service, market and business development, and financial independence and revitalization efforts.
 
The 16 credit unions receiving a combined $19,340 in small-credit union development grants for software and hardware development are:
  • Alton & Southern Railroad Employees FCU, in East St. Louis;
  • Aurora Postal CU, in Aurora;
  • Cosmopolitan FCU, in Chicago;
  • Decatur Policemen CU, in Decatur;
  • Electric Energy Employees CU, in Metropolis;
  • Electrical Workers CU, in Collinsville;
  • Fairmont Village CU, in East St. Louis;
  • Fellowship Baptist Church CU, in Chicago;
  • Pilgrim Baptist CU, in Chicago;
  • School District No. 9 CU, in Granite City;
  • Sherwin Williams Employees CU, in South Holland;
  • Shiloh Baptist FCU, in Waukegan;
  • Shiloh Englewood FCU, in Chicago;
  • St. Helena CU, in Chicago;
  • St. Jude CU, in Chicago; and
  • Williamson County Catholic CU, in Herrin.
Recipients of the community service grants--worth a combined $2,540--for participation in local community projects are:
  • Education Personnel FCU, Danville;
  • Midwest America FCU, Danville;
  • South Division CU, Evergreen Park;
  • The ICUL Danville Area chapter; and
  • The ICUL Southern Illinois chapter.
These awards will go to projects such as shred days and essay contest for kids.
 
Recipients of the $6,500 in marketing and business development grants--to help credit unions with under $30 million in assets expand outreach--were:
  • Altonized Community FCU, Alton;
  • IBEW Local 146 CU, Decatur;
  • CBI FCU, Plainfield; and
  • SOURCEONE CU, Chicago.
These awards were given to credit unions seeking to introduce new products and promote among a select employee group.
 
The Kane County Teachers CU, Elgin, also received a $2,500 financial independence and revitalization grant, for an initiative to reach out to the Hispanic community in low-income and underserved areas.
 
The Illinois Credit Union Foundation has awarded a total of $109,000 in grants in 2013.


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