Overview
What is National Credit Union Foundation?
The National Credit Union Foundation serves as a catalyst for improving financial lives through credit unions. Based in Madison, Wisconsin, the foundation's vision is to make financial freedom attainable for all by focusing on three primary pillars: firstly, inspiring credit unions to prioritize employee, member, and community financial well-being; secondly, empowering and motivating credit union employees through education and engagement opportunities; and thirdly, responding to disasters by aiding credit unions in increasing their business resilience. In times of catastrophes, the foundation utilizes its Disaster Relief Fund and CUAID Initiative, leveraging collective generosity from credit unions, individuals, and other stakeholders to rapidly provide aid. The foundation's Disaster Relief Playbook, available at NCUF.coop, offers more information.
Official website here: www.ncuf.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating from Charity Navigator
The National Credit Union Foundation has achieved an impressive 97% rating, indicating strong accountability and financial management. The organization scored 90% in Accountability & Finance and 10% in Leadership & Adaptability, showcasing its commitment to transparency and responsible stewardship of resources. Notably, the organization has a fully independent board and has received perfect scores across various financial oversight metrics.
Strengths of the foundation include its strong governance practices, as evidenced by its 100% independent board members and comprehensive conflict of interest policies. The charity has also demonstrated effective financial health with a low liabilities to assets ratio and a solid working capital ratio, ensuring it can meet its obligations and sustain operations effectively.
While the organization excels in many areas, it is important to acknowledge that the rating reflects a snapshot of its performance. Continuous monitoring and improvements in programs and outreach are essential to maintain its high standards and impact in the community. Overall, the National Credit Union Foundation exemplifies best practices within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is National Credit Union Foundation legitimate?
National Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Credit Union Foundation 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: $735,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,136,468
For more financial information, click here
Official website here: www.ncuf.coop
What is the mission statement of National Credit Union Foundation?
The National Credit Union Foundation aims to enhance financial lives through credit unions. Its vision is to make financial freedom attainable for all, achieving this through three primary pillars. Firstly, it encourages credit unions to prioritize employee, member, and community financial well-being by funding initiatives and providing tools. Secondly, it inspires credit unions to cultivate an organizational culture that empowers and motivates employees. Lastly, in times of disaster, the foundation assists credit unions to strengthen their business resilience by leveraging the cooperative value of "people helping people." This is done through funding, grant making, and resource provision, enabling credit unions to continue serving members during such challenging times.
Official website here: www.ncuf.coop
Who is the CEO of National Credit Union Foundation?
Christiane G Hyland is the Chair of National Credit Union Foundation.
Official website here: www.ncuf.coop
What is the revenue of National Credit Union Foundation?
National Credit Union Foundation's revenue in 2022 was $6,469,151.
Official website here: www.ncuf.coop
Who are the executives of National Credit Union Foundation and what are their salaries?
The average compensation at National Credit Union Foundation during 2022 was $144,014. There are 13 employees and 18 volunteers at National Credit Union Foundation.
Here are 23 key members and their salaries:
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- Other: $33,625
Official website here: www.ncuf.coop
Where can I find the form 990 for National Credit Union Foundation?
National Credit Union Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncuf.coop
Learn more at the official website: www.ncuf.coop
Mission Statement of National Credit Union Foundation
The National Credit Union Foundation serves as a catalyst to improve people's financial lives through credit unions. Its vision is to make financial freedom attainable for all, achieved through three primary pillars of work. Firstly, the foundation encourages credit unions to prioritize employee, member, and community financial well-being at the core of their strategy. They accomplish this by funding catalytic grants, hosting convenings, offering resources and tools, and igniting credit unions to center their strategy around financial well-being for all.
Secondly, the National Credit Union Foundation inspires credit unions to leverage their cooperative values to foster an organizational culture that empowers and motivates employees. This is achieved by celebrating, developing, and helping retain talent at credit unions through education and engagement opportunities that align purpose with action. By doing so, the foundation aims to inspire credit unions to utilize their cooperative spirit to strengthen their teams.
Lastly, the foundation responds when disaster strikes and assists credit unions in increasing their business resiliency. They do this by tapping into the cooperative value of "people helping people." In times of disaster, the foundation aids the credit union community in continuing to serve members by providing funding, grant making, and resources. Through these efforts, the National Credit Union Foundation strives to support the financial well-being of individuals and communities across the nation.
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Impact
July, 2024
The National Credit Union Foundation serves as a catalyst to improve people's financial lives through credit unions. One of the impactful ways in which the Foundation operates is through its Disaster Relief Fund and CUAid initiative. These programs enable the Foundation to swiftly respond to disasters by leveraging the collective generosity of credit unions, individuals, and other stakeholders. CUAid raises donations that support credit union employees and volunteers affected by disasters. The Foundation collaborates with state foundation/league partners in the affected areas to assess and address needs. By providing financial assistance and resources during times of crisis, the National Credit Union Foundation plays a vital role in supporting credit unions and their communities.
This information is meant to be a general summary of National Credit Union Foundation. 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 2022.
- Investment Income: $217,789
- Program Service Revenue: $744,438
- Gross Receipts: $6,796,052
Assets and Liabilities:
- Total Assets: $12,602,640
- Total Liabilities: $857,849
- Net Assets: $11,744,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING PROGRAMS
Revenue
$744,438
Organization Details
Founding Year
1980
Phone
(608) 231-5771Principal Officer
Christiane G Hyland
Main Address
5710 MINERAL POINT ROAD PO BOX 4, MADISON, WI, 53705
Website
www.ncuf.coopNTEE Category
Code: W12 - Public benefit
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