Overview

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Closed

This organization closed in 2024. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.

Est.

1936

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Encourage Financial Network Credit Union, identified by EIN 36-1855525, is a nonprofit organization dedicated to promoting thrift among its members and providing access to credit at reasonable interest rates. With an operating budget of $5.9 million and total revenue of $5.2 million for the 2024 filing year, the organization is supported by various funders, including a significant contribution of $652.7K from an unidentified source. More information can be found on their website, www.firstfcu.org.

Mission Statement

ENCOURAGE THRIFT AMONG ITS MEMBERS AND PROVIDE A SOURCE OF CREDIT AT REASONABLE INTEREST RATES.
Revenues
$5.2M
Expenses
$5.9M
Net Income:
-$677.3K
Assets
$0
Liabilities
$0
Net Assets:
+$0
Operating Budget
$5.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$47.6K
Largest grant received
$47.6K
M
Michael Abraham
Board Member
W
William Lump
Board Member
W
William Harlan
Board Member

Frequently Asked Questions

What is ENCURAGE FINANCIAL NETWORK CREDIT UNION’s budget?
In 2024, ENCURAGE FINANCIAL NETWORK CREDIT UNION reported an annual operating budget of around $5.9 million. More detailed financial information is available to registered users.
What causes does ENCURAGE FINANCIAL NETWORK CREDIT UNION support?
ENCURAGE FINANCIAL NETWORK CREDIT UNION supports work in Credit unions.
Where does ENCURAGE FINANCIAL NETWORK CREDIT UNION operate?
ENCURAGE FINANCIAL NETWORK CREDIT UNION is headquartered in CHICAGO, IL.
Who funded ENCURAGE FINANCIAL NETWORK CREDIT UNION recently?
In 2024, ENCURAGE FINANCIAL NETWORK CREDIT UNION received grants from ILLINOIS CREDIT UNION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ENCURAGE FINANCIAL NETWORK CREDIT UNION received in 2024?
The largest grant to ENCURAGE FINANCIAL NETWORK CREDIT UNION in 2024 exceeds $48 thousand.