Defense Credit Union Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391405036 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Defense Credit Union Council Inc?

Defense Credit Union Council Inc is a nonprofit organization situated in Washington D.C., specifically at 1627 EYE STREET NW 935. Its primary mission is to aid member credit unions operating on Department of Defense (DOD) installations. This segment of its membership comprises both military and civilian personnel within the U.S. defense establishment. The council assists these credit unions in overcoming unique challenges, such as those stemming from a mobile membership, personnel changes, installation realignments, and intercommunication development. Additionally, it supports their financial readiness requirements and helps them fulfill their role on DOD installations in enhancing the morale and welfare of military personnel. With a workforce of seven individuals, Defense Credit Union Council Inc plays a vital role in ensuring the smooth functioning of these credit unions.


Official website here: www.dcuc.org

Is Defense Credit Union Council Inc legitimate?

Defense Credit Union Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Defense Credit Union Council 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: $585,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $315,191

For more financial information, click here


Official website here: www.dcuc.org

What is the mission statement of Defense Credit Union Council Inc?

Defense Credit Union Council Inc's primary mission is to aid credit unions serving a segment of military and civilian personnel within the U.S. Defense Establishment. This organization assists these credit unions in overcoming the challenges posed by their mobile membership, personnel changes, installation mission shifts, installations closures and realignments, both domestically and abroad. They also focus on intercommunication development, financial readiness requirements, and supporting and assisting credit unions in fulfilling their roles on Defense Department installations, thereby enhancing the morale and welfare of military personnel.


Official website here: www.dcuc.org

Who is the CEO of Defense Credit Union Council Inc?

Anthony Hernandez is the Ceo/President of Defense Credit Union Council Inc. The CEO's salary of Defense Credit Union Council Inc is $389,316 and their total compensation is $426,215.


Official website here: www.dcuc.org

What is the revenue of Defense Credit Union Council Inc?

Defense Credit Union Council Inc's revenue in 2022 was $2,757,338.


Official website here: www.dcuc.org

Who are the executives of Defense Credit Union Council Inc and what are their salaries?

The average compensation at Defense Credit Union Council Inc during 2022 was $128,680. There are 7 employees and 7 volunteers at Defense Credit Union Council Inc.


Here are 9 key members and their salaries (Defense Credit Union Council Inc's CEO's salary is $389,316 and their total compensation is $426,215):


Anthony Hernandez (Ceo/President)
  • Compensation: $389,316
  • Related: $0
  • Other: $36,899
Elizabeth Merlo (Vice President)
  • Compensation: $146,243
  • Related: $0
  • Other: $13,108
Bill Birnie (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Fallis (1St Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maggie Sayer (2Nd Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Padak (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Aoki (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Larsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dcuc.org

Where can I find the form 990 for Defense Credit Union Council Inc?

Defense Credit Union Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dcuc.org

Learn more at the official website: www.dcuc.org

Mission Statement of Defense Credit Union Council Inc

Defense Credit Union Council Inc is an organization dedicated to aiding member credit unions that serve a segment of the military and civilian personnel within the U.S. Defense Establishment. The primary purpose of Defense Credit Union Council Inc is to assist these credit unions in overcoming the unique challenges they face, such as a mobile membership, personnel changes, installation mission shifts, and base closures or realignments, both domestically and internationally. By providing support in intercommunication development, financial readiness requirements, and ensuring member credit unions fulfill their role on Defense Department installations, Defense Credit Union Council Inc aims to enhance the morale and welfare of military personnel.

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Impact




October, 2024

Defense Credit Union Council Inc positively impacts the financial well-being of military and civilian personnel associated with the U.S. Department of Defense by providing essential support to credit unions operating on military installations. By addressing the unique challenges these credit unions face, such as the mobility of their members, changes in personnel, and unexpected base closures, the Council enhances the ability of these institutions to serve their communities effectively.

Through its efforts, the Council helps credit unions develop strategies for intercommunication, ensure financial readiness, and enhance morale and welfare programs. These services contribute to a stable financial environment for military families, fostering a sense of community and support during transitions that can often be stressful. Overall, the Council plays a crucial role in promoting the financial health and readiness of those who serve and protect the nation.




This information is meant to be a general summary of Defense Credit Union Council 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.

Revenue
$2,757,338 (2022)
Expenses
$2,769,562 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $149,503
  • Program Service Revenue: $1,065,494
  • Gross Receipts: $3,066,180

Assets and Liabilities:

  • Total Assets: $9,557,028
  • Total Liabilities: $1,140,733
  • Net Assets: $8,416,295

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONFERENCES

Revenue

$475,330

MEMBER DUES

Revenue

$374,919

EUROPE SUB-COUNCIL MEETING

Revenue

$195,395

DEFENSE ISSUES

Revenue

$18,850

SUBSCRIPTION INCOME

Revenue

$1,000

Organization Details

Founding Year

1981

Principal Officer

Anthony Hernandez

Main Address

1627 EYE STREET NW 935, WASHINGTON, DC, 20006

NTEE Category

Code: W60 - Public benefit

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