The Opportunity Illinois Community Development Loan Program for Credit Unions is designed to provide the necessary resources credit unions need to help low-income residents who might otherwise be forced to turn to payday lenders.

Currently there are 17 low-income designated credit unions in Illinois. Low-income credit unions are defined as predominantly serving customers who make less than 80 percent of average wage earners.

Low-income designated credit unions are eligible for up to $100,000 in state deposits at 1.5% below market rate interest for one year. In exchange for accepting a lower interest rate on its deposits, the Treasurer’s office requires that the credit union show that the deposit was used to fund loans to low-income members.

If you have any questions or need a program application, please contact our office at (312) 814-1244 or send an e-mail to opportunityillinois@treasurer.state.il.us. 

The 17 Illinois credit unions eligible to receive funds from the Treasurer’s Office are listed below. If your credit union is eligible, please contact our office for an application.


Ambraw, Lawrenceville
Berean, Chicago
Canaan, Urbana
Community, Chicago
Cosmopolitan, Chicago
Imperial, Springfield
Israel Methcomm, Chicago
Jeff-Co Schools, Mt. Vernon
Life, Carterville
MWPH Grand Lodge of Illinois, Chicago
Members "First", Quincy
Metro Fellowship, Chicago
North Side Community, Chicago
Shiloh Englewood, Chicago
South Side Commuity, Chicago
St. Mark, Chicago
St. Martin De Porres Parish, Chicago

  
   

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