Overview
What is World Council Of Credit Unions Inc?
The World Council of Credit Unions Inc, based in Madison, Wisconsin, is a leading international advocacy organization dedicated to promoting financial inclusion and empowering underserved populations through the credit union and cooperative model. Since its inception in 1971, WOCCU has been a pioneer in the global credit union movement, bringing affordable financial services to individuals in developing countries. As the global voice for credit unions and cooperative financial institutions, WOCCU works to strengthen and expand the reach of these institutions, providing tools, resources, and networking opportunities. With a focus on financial inclusion, WOCCU has demonstrated capabilities in serving remote and rural areas, supporting communities at risk, advancing women's entrepreneurship and economic empowerment, promoting inclusive market systems, and encouraging enabling regulatory systems. WOCCU's workforce of 44 employees is dedicated to improving financial management and delivering fairly priced financial services to millions of poor and low-income people, restructuring after disasters, establishing new credit union systems, and advocating for legislative reform and regulatory system development.
Official website here: www.woccu.org
Is World Council Of Credit Unions Inc legitimate?
World Council Of Credit Unions Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. World Council Of Credit Unions Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,479,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,505,433
For more financial information, click here
Official website here: www.woccu.org
What is the mission statement of World Council Of Credit Unions Inc?
The World Council of Credit Unions Inc is dedicated to expanding financial inclusion worldwide by fostering a thriving and growing global credit union movement. Through international advocacy, development, education, and networking, the organization empowers underserved populations and promotes equitable and resilient communities. Since its inception in 1971, the World Council of Credit Unions (WOCCU) has been a leading voice for credit unions and cooperative financial institutions on a global scale, advocating for affordable, available, and accessible financial services. WOCCU's core capabilities center around providing millions of poor and low-income individuals access to a wide range of financial services through credit unions, despite the challenges posed by their environments. In recent years, WOCCU has demonstrated expertise in financial inclusion, serving remote and rural areas, supporting at-risk communities, advancing women's entrepreneurship, promoting inclusive market systems, and encouraging enabling regulatory systems. Additionally, WOCCU offers innovative technology solutions and technical assistance programs to strengthen the financial management of credit unions and financial cooperatives and deliver fairly priced financial services to a large number of individuals.
Official website here: www.woccu.org
Who is the CEO of World Council Of Credit Unions Inc?
Elissa Mccarter Laborde is the CEO of World Council Of Credit Unions Inc The CEO's salary of World Council Of Credit Unions Inc is $475,646 and their total compensation is $544,013.
Official website here: www.woccu.org
What is the revenue of World Council Of Credit Unions Inc?
World Council Of Credit Unions Inc's revenue in 2023 was $14,623,375.
Official website here: www.woccu.org
Who are the executives of World Council Of Credit Unions Inc and what are their salaries?
The average compensation at World Council Of Credit Unions Inc during 2023 was $95,857. There are 52 employees and 14 volunteers at World Council Of Credit Unions Inc.
Here are 24 key members and their salaries (World Council Of Credit Unions Inc's CEO's salary is $475,646 and their total compensation is $544,013):
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- Compensation: $475,646
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- Other: $68,367
- Compensation: $167,469
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- Compensation: $232,221
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- Compensation: $208,575
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- Other: $50,466
- Compensation: $174,615
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- Other: $45,498
- Compensation: $137,905
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- Other: $35,553
- Compensation: $134,311
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- Other: $13,505
- Compensation: $135,893
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- Other: $12,046
- Compensation: $224,075
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- Other: $22,435
- Compensation: $151,751
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- Other: $16,007
Official website here: www.woccu.org
Where can I find the form 990 for World Council Of Credit Unions Inc?
World Council Of Credit Unions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.woccu.org
Learn more at the official website: www.woccu.org
Mission Statement of World Council Of Credit Unions Inc
The World Council of Credit Unions Inc, also known as WOCCU, is a leading advocate for financial inclusion worldwide. With a mission to promote more equitable and resilient communities, WOCCU empowers underserved populations by leveraging the credit union and cooperative model. Since its inception in 1971, WOCCU has been a beacon for the global credit union movement, bringing affordable financial services to individuals in developing countries.
As the global voice for credit unions and cooperative financial institutions, WOCCU's core capabilities are grounded in its commitment to providing millions of poor and low-income people access to a range of financial services through credit unions, regardless of the challenges posed by their surroundings. WOCCU has proven its capabilities in financial inclusion, serving remote and rural areas, supporting communities at risk, advancing women's entrepreneurship and economic empowerment, promoting inclusive market systems, and encouraging enabling regulatory systems. Additionally, WOCCU restructures after disasters, establishes new credit union systems, and advocates for legislative reform and regulatory system development.
Innovative technology solutions and technical assistance programs are key components of WOCCU's offerings. These programs equip credit unions and other types of financial cooperatives with the tools and techniques necessary to strengthen their financial management and deliver fairly priced financial services to large numbers of poor and low-income people. By championing financial inclusion, WOCCU plays a vital role in creating more equitable and resilient communities around the world.
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Impact
October, 2024
World Council of Credit Unions Inc (WOCCU) significantly advances financial inclusion through a robust global credit union movement. By promoting access to affordable financial services, WOCCU serves as a critical advocate for underserved populations, particularly in developing countries. Since its inception in 1971, it has focused on empowering individuals through the credit union model, ensuring they have access to an array of essential financial services.
The organization engages in international advocacy, development, education, and networking to foster equitable and resilient communities. WOCCU's initiatives target various areas, including serving remote and rural populations, supporting communities at risk, and promoting women's entrepreneurship and economic empowerment. Their work encompasses assisting in disaster recovery, establishing new credit union systems, and advocating for legislative reforms that create enabling regulatory environments.
Through innovative technology solutions and comprehensive technical assistance programs, WOCCU equips credit unions and financial cooperatives with the necessary tools to enhance their financial management capabilities. This support helps deliver fairly priced financial services to vast numbers of low-income individuals, further expanding financial inclusion and improving community resilience.
This information is meant to be a general summary of World Council Of Credit Unions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $94,137
- Program Service Revenue: $6,588,335
- Gross Receipts: $14,623,375
Assets and Liabilities:
- Total Assets: $6,129,835
- Total Liabilities: $1,176,247
- Net Assets: $4,953,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEE REVENUE
Revenue
$3,953,269
MEMBERSHIP DUES
Revenue
$2,634,606
DEVELOPMENT PROGRAMS
Revenue
$460
Organization Details
Founding Year
1970
Principal Officer
Elissa Mccarter Laborde
Website
www.woccu.orgNTEE Category
Code: S41 - Community improvement
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