Illinois Bankers Association

What Illinois Bankers Association does

The Illinois Bankers Association (IBA), founded in 1891 and headquartered in Springfield, Illinois with a regional office in Chicago, is a private, member-funded nonprofit trade association representing banks and banking professionals operating in Illinois. Its core service surface comprises five pillars: advocacy before state and federal regulators, education and conference programming (including compliance, agricultural banking, and women-in-banking events), compliance support delivered via the IBA Compliance Connection platform and Regulatory University, peer networking through Illinois Bankers Forums and banker-led peer groups, and a Future Leaders Alliance talent pipeline. The organization is governed by member institutions and led since 2025 by President and CEO David Boulay.

IBA's revenue mechanics rely on membership dues paid by Illinois banks (both state-chartered and nationally chartered banks operating in the state), supplemented by registration fees from conferences and educational programs, commissions or service revenue from the wholly-owned Illinois Bankers Insurance Services subsidiary, and a preferred-vendor program that monetizes distribution to bank members through vendors in HR, marketing, insurance, and technology. Distribution is exclusively through direct membership engagement, with no disclosed third-party reseller or channel partners; outreach uses the illinois.bank website, newsletter subscriptions, events, and peer forums.

Strategically, IBA has been most visibly active as a co-plaintiff in the multi-association legal challenge to the Illinois Interchange Fee Prohibition Act (filed August 2024 alongside the American Bankers Association, America's Credit Unions, and the Illinois Credit Union League), a high-stakes regulatory and political engagement that has shaped the association's public profile through 2024-2026. Supporting infrastructure includes the Illinois Bankers PAC for political engagement, a Compliance Conference, vertical-specific events, and integration with BankTalentHQ for talent services.

Name

Illinois Bankers Association

Legal name

Illinois Bankers Association

Website

https://ilbanker.com

Company type

Private

Founded year

1891

Operating status

Operating

Headcount range

11–50 employees

Short description

The Illinois Bankers Association is a member-funded nonprofit trade association, founded in 1891, that provides advocacy, compliance support, education, and networking services to banks operating in Illinois. It is led by President and CEO David Boulay.

Ownership category

akta.pro rank

Product category

Banking Trade Association

NAICS

Finance and Insurance (52)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Governance & Board Effectiveness Advisory (BPAHAFAC)

Keywords

• Banking trade association
• Regulatory advocacy
• Compliance resources
• Banking education
• Industry networking

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Technology or R&D, Infrastructure

Distribution channels1 record

Marketing channels5 records

Core offering

Illinois Bankers Association is a nonprofit trade association that delivers regulatory advocacy, compliance support, professional education, peer networking, and member benefits to banks operating in Illinois. It sells access to its compliance platform (IBA Compliance Connection), hosts conferences and certification programs, runs a talent development program (Future Leaders Alliance), and provides insurance products through its wholly-owned subsidiary Illinois Bankers Insurance Services. Its core commercial activity is membership-based services to Illinois-chartered and national banks with Illinois operations.

Differentiator

Problem solved

Functional benefit

Brands

• Illinois Bankers Insurance Services: Insurance products and services customized for member banks
• Future Leaders Alliance
• Illinois Bankers PAC
• Illinois Bankers Forums

Products and services

• IBA Compliance Connection Online compliance platform providing regulatory updates, compliance resources, and an Ask a Compliance Question feature for member banks and banking professionals in Illinois.
• IBA Membership Program Membership-based access to advocacy, compliance resources, education programs, peer groups, preferred-vendor discounts, and member benefits for Illinois-chartered and national banks operating in Illinois.
• Education Programs and Conferences Continuing professional education, certification programs, and conferences for member bank employees, including the IBA Compliance Conference, Ag Banking Conference, Women in Banking conference, Regulatory University, and sexual harassment prevention training.
• Illinois Bankers Insurance Services Wholly-owned subsidiary providing a full suite of insurance products and services customized for IBA member banks.
• Future Leaders Alliance Leadership development program to cultivate the next generation of bank leaders, transforming talented employees through structured development offerings.
• BankTalentHQ Career Center Career center and job board partnership connecting member banks with qualified candidates to grow talent pool outreach across the Illinois banking industry.
• Illinois Bankers PAC Political action committee supporting IBA's advocacy and engagement with Illinois legislators and candidates on banking industry issues.
• Illinois Bankers Forums Online member community forums that enable banker-led peer group interaction, idea sharing, and problem-solving across the Illinois banking industry.
• Illinois Banker Magazine Industry magazine and news publication produced for IBA member banks and banking professionals to communicate association news, industry developments, and best practices.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• American Bankers AssociationcoreStrategic or Co-development PartnerFour banking industry trade associations including Illinois Bankers Association and American Bankers Association filed the August 2024 lawsuit challenging the Illinois Interchange Fee Prohibition Act. They are co-plaintiffs in the legal challenge to state swipe fee regulations.
• America's Credit UnionscoreStrategic or Co-development PartnerCo-plaintiff in the August 2024 lawsuit challenging Illinois' Interchange Fee Prohibition Act. Partnered with Illinois Bankers Association and other banking groups in legal action against swipe fee regulations.
• Illinois Credit Union LeaguecoreStrategic or Co-development PartnerCo-plaintiff in the legal challenge to Illinois' Interchange Fee Prohibition Act. Allied with Illinois Bankers Association in opposing state regulation of interchange fees on taxes and tips.
• Electronic Payments CoalitioncoreStrategic or Co-development PartnerThe Illinois Bankers Association is a member of the Electronic Payments Coalition which is waging a seven-figure ad campaign urging Illinois lawmakers to repeal the Interchange Fee Prohibition Act.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• California Bankers Association: State-level trade association for California banks. Directly comparable as a peer state banking association with similar advocacy, compliance, and education offerings for member institutions.
• Independent Community Bankers of America: National trade association for community banks. Comparable in mission (advocacy, compliance, education for member banks) and overlaps with IBA's community-bank member base in Illinois.
• American Bankers Association: National trade association for the U.S. banking industry. Directly comparable as a banking trade association focused on advocacy, compliance, and education; IBA is a co-plaintiff with ABA in the IFPA challenge.
• Illinois Credit Union League: State-level trade association for Illinois credit unions. Comparable as a fellow Illinois financial-services trade association and direct advocacy partner/ally on the IFPA lawsuit.
• Florida Bankers Association: State-level trade association for Florida banks. Directly comparable in structure and offerings: advocacy, compliance, education, and member engagement programs for in-state banks.
• Texas Bankers Association: State-level trade association for Texas banks. Comparable as a major state banking association offering advocacy, compliance support, and education programs across a large member base.
• America's Credit Unions: National trade association for credit unions. Comparable as a financial-services trade association providing advocacy and education; co-plaintiff alongside IBA in the IFPA challenge.
• New York Bankers Association: State-level trade association for New York banks. Directly comparable as a large state banking trade association providing advocacy, education, and compliance resources to member banks.

Others

• Conference of State Bank Supervisors: National organization of state banking regulators. Thematically related as the counterparty organization to state banking associations like IBA in the U.S. dual banking system; not a direct competitor but a key ecosystem participant.

Broad incumbents

• Bank Policy Institute: Policy and advocacy organization for major U.S. banks. Comparable as a banking-industry advocacy group with overlapping policy interests (including payments and interchange) but focused on larger institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ilbanker

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Illinois Bankers Association