National Credit Union Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
National Credit Union Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to make financial freedom achievable through credit unions."
Year, State Incorporated:
1980, WI
National Credit Union Foundation (NCUF) reports that it works to make financial freedom achievable through their three major programs areas: credit union development education (DE program), disaster relief, and financial well-being for all. The DE program explores how credit unions can leverage their business model to solve development issues that act as barriers to the prosperity and financial well-being of their members and communities. NCUF supports disaster relief efforts through its Disaster Relief Fund and CUAid initiative. Lastly, the organization funds the efforts of credit unions and other non-profit organizations to measure and improve the financial health and well-being for all.
For the year ended December 31, 2022, National Credit Union Foundation's program expenses were:
| Development education | $965,251 |
| Community investment fund grants and outreach | $742,405 |
| Disaster relief | $658,177 |
| Financial well-being | $295,133 |
| FinHealth | $231,847 |
| Biz Kid$ | $90,306 |
| Other program services | $73,159 |
| Total Program Expenses | $3,056,278 |
Chief Executive
Christiane G. Hyland, Executive Director
Compensation*
$467,827
Chair of the Board
Teresa A. Campbell
Chair's Profession / Business Affiliation
President and Chief Executive Officer, San Diego County Credit Union
Board Size
15
Paid Staff Size
10
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Internet, Direct mail appeals, Telephone appeals
Fundraising costs were 6% of related contributions. (Related contributions, which totaled $5,391,382, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on National Credit Union Foundation's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Contributions | $4,912,064 |
| Program revenue | $744,438 |
| Special events, net | $479,318 |
| Investment return, net | $220,820 |
| Other | $115,542 |
| Loss on disposal | $-3,031 |
| Unrealized losses from investments | $-1,161,839 |
| Total Income | $5,307,312 |
Programs: 70% Fundraising: 7% Administrative: 23%
| Total Income | $5,307,312 |
| Total expenses: | $4,383,719 |
| Program expenses | $3,056,278 |
| Fundraising expenses | $297,565 |
| Administrative expenses | $1,029,876 |
| Other expenses | $0 |
| Income in Excess of Expenses | $923,593 |
| Beginning Net Assets | $10,821,198 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $11,744,791 |
| Total Liabilities | $857,849 |
| Total Assets | $12,602,640 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance