EIN 36-1163912

Great Lakes Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
315
Year formed
1938
Most recent tax filings
2023-12-01
Description
Great Lakes Credit Union serves its 79,204 members by providing loans, savings accounts, and other financial services that promote financial prosperity. Members in good standing who qualify are eligible for loans, such as 598 mortgages totaling $312,991,728 and 2,273 vehicle loans totaling $70,679,543. Additionally, members can apply for electronic access to their accounts with ATM/debit cards and check cards. Great Lakes Credit Union offers various checking accounts to members including some with no monthly service fees.
Total revenues
$64,760,572
2023
Total expenses
$62,052,965
2023
Total assets
$1,313,509,604
2023
Num. employees
315
2023

Program areas at Great Lakes Credit Union

Loans are granted to individuals who are members in good standing with the Credit Union and who qualify for such loans. Glcu provides the following types of loans, mortgages, heloc's, auto, rv, unsecured, boat and commercial.
Various insurance products are offered to members. Types of products offered include Credit life, Credit disability, mechanical breakdown protection (mbp) and financial gap protection.
Atm debit cards are available to members who apply for electronic access to their accounts for deposit and withdrawal of funds and account information. Various types of checking accounts are offered to members, some with no monthly service fee.

Who funds Great Lakes Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Consumer Credit Counseling Service of San Francisco (CCCS)Housing Counseling & Education$47,024

Personnel at Great Lakes Credit Union

NameTitleCompensation
Steven BuggPresident and Chief Executive Officer$570,574
Elizabeth OsborneChief Operations Officer$245,567
Timothy LukomskiChief Fianancial Officer$291,495
Michael HershChief Administrative Officer$264,560
Predrag GrmusaVice President of Human Resources and Organizational Development$147,369
...and 15 more key personnel

Financials for Great Lakes Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$534,675
Program services$56,889,514
Investment income and dividends$7,459,046
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-166,041
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$43,378
Total revenues$64,760,572

Form 990s for Great Lakes Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-11-02990View PDF
2021-122022-05-16990View PDF
2020-122021-05-14990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s

Organizations like Great Lakes Credit Union

OrganizationLocationRevenue
Crane Credit UnionOdon, IN$40,555,341
Credit Union of AmericaWichita, KS$79,212,400
Credit Union 1Anchorage, AK$77,760,445
Metro Credit UnionChelsea, MA$114,336,853
Potlach No 1 Financial Credit UnionLewiston, ID$101,119,936
Harvard University Employees Credit Union (HUECU)Cambridge, MA$53,971,563
Navigant Credit UnionSmithfield, RI$130,542,626
VIA Credit UnionMarion, IN$20,356,846
Hudson River Community Credit UnionCorinth, NY$19,095,276
Infuze Credit UnionWaynesville, MO$19,866,849
Data update history
July 15, 2024
Updated personnel
Identified 4 new personnel
July 8, 2024
Used new vendors
Identified 4 new vendors, including , , , and
July 3, 2024
Updated personnel
Identified 1 new personnel
July 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 28, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Receives government fundingProvides scholarships
General information
Address
2111 Waukegan Rd
Bannockburn, IL 60015
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Lake County, IL
Website URL
glcu.org/ 
Phone
(847) 578-7000
IRS details
EIN
36-1163912
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Central organization
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