GREAT LAKES CREDIT UNION

BANNOCKBURN, IL | Lake County
Mission-Driven Bank or Credit Union
GREAT LAKES CREDIT UNION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

GREAT LAKES CREDIT UNION
36-1163912
2111 WAUKEGAN RD
BANNOCKBURN, IL 60015
Lake County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Mission-Driven Bank or Credit Union
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Award Recipient
  • HUD Counseling Agency
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
251
Credit union
603
Non-financial services of facilities to other organizations
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2014 $123,529 CDFI Technical Assistance open_in_new North Side Community Federal Credit Union
2016 $124,905 CDFI Technical Assistance open_in_new North Side Community Federal Credit Union

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Counseling Programs Offered info
  • Fair Housing Pre-Purchase Education
  • Financial Management/Budget Counseling
  • Mortgage Delinquency and Default
  • Non-Delinquency Post Purchase Workshops
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Workshops
  • Predatory Lending Education Workshops
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$66.8M
Revenue
$51M
Assets
$1B

IRS Business Master File Details info

As of July 2023
Exempt Ruling Date info
1944-10
Deductibility Status info
Not Deductible
Last Tax Filing info
2021
Organization Type info
Association
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

IRS Publication 78 Details info

As of July 2023
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

Nonprofit Location

Physical Address info
2111 WAUKEGAN RD
BANNOCKBURN, IL 60015
Lake County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
29404
MSA/MD info
17
State info
097
County info
8648.01
Tract info
Upper
Income Level info
Core-Based Statistical Area info
16980 - Chicago-Naperville-Elgin, IL-IN-WI
Combined Statistical Area info
176 - Chicago-Naperville, IL-IN-WI
Metropolitan Division info
29404 - Lake County-Kenosha County, IL-WI
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 19.91%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
8648.01 Lake County
Population
Total Population 5,561 714,484
Total Households 1,674 252,731
Income
Median Family Income (Census*) $167,273 $97,127
Median Family Income (2022 FFIEC est.) $118,200 $118,200
Tract Income Percentage 157.98% N/A
Below Poverty Level 1.1% 7.6%
Unemployment Level 2.3% 5.5%
Housing
Total Housing Units 1,703 268,508
Total Owner-Occupied Units 80.9% 73.8%
Total Renter-Occupied Units 17.4% 26.2%
Total Vacant Units 1.7% 5.9%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body info
9
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Kamil Sakici
EVP & CFO
Principal Officer info
Vikki Kaiser
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.