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Illinois Credit Union League and ICUL Service Corporation
2007 Corporate Goals of the
Consolidated Organization
- Economic Goal: The Consolidated Organization shall generate gross profit (total income less total expense, before credit union rebates, employee incentives and income taxes), in a range of 1% to 2% of Consolidated Organization gross income.
- National Market Share Goal: The Consolidated Organization shall achieve a National Market Share of at least 23% by year-end 2011. The “National Market Share” percentage shall be calculated by dividing the number of U.S. credit unions principally located outside of the State of Illinois participating in at least one transactional or other program offered by the Consolidated Organization, by all U.S credit unions principally located outside of Illinois. The following benchmarks shall be used to measure progress towards achievement of this goal: 19% in 2007, 20% in 2008, 21% in 2009 and 22% in 2010.
- Out-of-State Gross Profit Goal: The Consolidated Organization shall generate at least $3,750,000 annually in gross profit from its out of state (National Market Share) business by fiscal year 2011. The following benchmarks shall be used to measure progress towards achievement of this goal: $2,750,000 in 2007, $3,000,000 in 2008, $3,250,000 in 2009 and $3,500,000 in 2010.
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