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GLCU Launches Enhanced Checking Account for Nonprofits
NewsMay 1, 2025
Bannockburn, IL (May 1, 2025) - Great Lakes Credit Union (GLCU) a not-for-profit financial institution with more than $1.6 billion in assets and 23 branch offices located throughout Illinois, is excited to announce the launch of an enhanced checking account product for nonprofit businesses.
As a mission-driven financial institution, GLCU is proud to offer checking accounts tailored to fit nonprofit organizations’ unique needs. Nonprofits that open a checking account with GLCU can earn a competitive 3.00% APY* rate on their balances and have access toadvanced cash management solutionsthat support their day-to-day banking needs and can improve operational efficiencies.
GLCU nonprofit checking account members can benefit from GLCU’s advanced fraud protection services, ACH origination, remote deposit capture, and more.
Other key benefits include digital banking services, such as Bill Pay and Mobile Check Deposit and ATM access at more than 5,000 locations via the Co-op shared branching network.
“GLCU has been helping businesses achieve their goals for more than 85 years, and we’re excited to expand on that tradition by offering enhanced business tools and services to local nonprofits,” said Brian Gawin, Vice President of Commercial Lending at GLCU. “Supporting organizations that benefit our local communities is a key part of our mission of banking for a greater good.”
About Great Lakes Credit Union
Founded in 1938 and headquartered in Northern Illinois, Great Lakes Credit Union is banking for a greater good. As a not-for-profit financial cooperative with more than $1.6 billion in assets, GLCU is proud to serve 115,000 members in Chicagoland and surrounding areas, and to give back to its members and communities through education, volunteerism, and partnerships. Learn more about GLCU’s accounts, educational initiatives, and community development programs at www.glcu.org.
*APY = Annual Percentage Yield