WORLD COUNCIL OF CREDIT UNIONS INC

EIN: 391143339

WASHINGTON, DC

Total Revenue
$14,623,375
Total Expenses
$14,122,909
Total Assets
$6,896,519
Net Assets
$5,443,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
WI
Principal Officer
ELISSA MCCARTER LABORDE
Phone
6083952000
Tax Period
2023-01-01 to 2023-12-31

WORLD COUNCIL OF CREDIT UNIONS INC, founded in 1970, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $14.1M left a modest 3% surplus.

Mission

TO PROMOTE MORE EQUITABLE AND RESILIENT COMMUNITIES THROUGH FINANCIAL INCLUSION POWERED BY CREDIT UNIONS AND FINANCIAL COOPERATIVES.

Program Service Accomplishments

Program 1

DEVELOPMENT WORLD COUNCIL OF CREDIT UNIONS (WOCCU) WORKS TO ADVANCE FINANCIAL INCLUSION THROUGH THE CREDIT UNION AND COOPERATIVE MODEL BY ENGAGING IN INTERNATIONAL ADVOCACY, DEVELOPMENT, EDUCATION...

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DEVELOPMENT WORLD COUNCIL OF CREDIT UNIONS (WOCCU) WORKS TO ADVANCE FINANCIAL INCLUSION THROUGH THE CREDIT UNION AND COOPERATIVE MODEL BY ENGAGING IN INTERNATIONAL ADVOCACY, DEVELOPMENT, EDUCATION AND NETWORKING THAT EMPOWERS UNDERSERVED POPULATIONS, AND PROMOTES MORE EQUITABLE AND RESILIENT COMMUNITIES.SINCE 1971, THE WORLD COUNCIL OF CREDIT UNIONS (WOCCU) HAS BEEN A LEADER OF THE GLOBAL CREDIT UNION MOVEMENT BRINGING ACCESS TO AFFORDABLE FINANCIAL SERVICES TO INDIVIDUALS IN DEVELOPING COUNTRIES. WOCCU IS THE GLOBAL LEADING VOICE FOR CREDIT UNIONS. MORE RECENTLY, WOCCU HAS PROVEN 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. RESTRUCTURING AFTER DISASTERS, ESTABLISHING NEW CREDIT UNION SYSTEMS, AND ENCOURAGING LEGISLATIVE REFORM/REGULATORY SYSTEM DEVELOPMENT.IN ADDITION TO OFFERING INNOVATIVE TECHNOLOGY SOLUTIONS, WOCCU'S TECHNICAL ASSISTANCE 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 UNDERSERVED COMMUNITIES.

Program 2

WOCCU PROVIDES THE FOLLOWING TYPES OF ACTIVITIES:- ADVOCACY FOR CREDIT UNIONS AND OTHER FINANCIAL COOPERATIVES IN FRONT OF INTERNATIONAL STANDARD SETTING BODIES- CONNECTS ALL CREDIT UNIONS TO THE...

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WOCCU PROVIDES THE FOLLOWING TYPES OF ACTIVITIES:- ADVOCACY FOR CREDIT UNIONS AND OTHER FINANCIAL COOPERATIVES IN FRONT OF INTERNATIONAL STANDARD SETTING BODIES- CONNECTS ALL CREDIT UNIONS TO THE GLOBAL MOVEMENT THROUGH BOTH FACE-TO-FACE AND VIRTUAL ENGAGEMENT AND NETWORKING. - INVESTS IN LEARNING OPPORTUNITIES FOR CREDIT UNION PROFESSIONALS, WITH AN EMPHASIS ON EMPOWERING YOUTH AND WOMEN- IMPLEMENTS PROJECTS THAT REACH UNDERSERVED POPULATIONS, WITH A FOCUS ON WOMEN, YOUTH, MIGRANTS AND RURAL PROJECTIONS. - PROMOTES SHARED DIGITAL PLATFORMS AND SOLUTIONS THAT ADDRESS COMMON CREDIT UNION CHALLENGES

Program 3

WOCCU'S ANNUAL WORLD CREDIT UNION CONFERENCE ACTIVITIES SUPPORT:- RAISING AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVES- FACILITATING THE GLOBAL EXCHANGE OF INFORMATION AND IDEAS- ADVOCATING...

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WOCCU'S ANNUAL WORLD CREDIT UNION CONFERENCE ACTIVITIES SUPPORT:- RAISING AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVES- FACILITATING THE GLOBAL EXCHANGE OF INFORMATION AND IDEAS- ADVOCATING TO IMPROVE LEGISLATION AND REGULATION INTERNATIONALLY- BRING TOGETHER CREDIT UNION LEADERS FOR NETWORKING - PROVIDING EDUCATION ON INDUSTRY-RELATED ISSUES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,940,903
Program Service Revenue $6,588,335
Investment Income $94,137
Other Revenue $0
TOTAL REVENUE $14,623,375

Expense Breakdown

Grants Paid $472,401
Salaries & Benefits $6,886,306
Fundraising Expenses $0
Other Expenses $6,764,202
TOTAL EXPENSES $14,122,909

Year-over-Year Comparison

2023 2022 Change
Revenue $14,623,375 $16,081,976 -0.1%
Expenses $14,122,909 $14,669,103 0.0%
Net Income $500,466 $1,412,873 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
52
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$999,971
Total Directors
14
$0
Key Employees
2
$479,154
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALLAS BERGL TREASURER 1.00
Officer Director
$0 $0 $0
DIANA DYKSTRA CHAIR 1.00
Officer Director
$0 $0 $0
ERIN MENDEZ DIRECTOR 1.00
Director
$0 $0 $0
GEORGE OTOTO DIRECTOR 1.00
Director
$0 $0 $0
GRACE BADILLA LOPEZ DIRECTOR 1.00
Director
$0 $0 $0
HELENE MCMANUS DIRECTOR 1.00
Director
$0 $0 $0
JEFF GUTHRIE DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH REMY DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH THOMAS US ADVOCACY AD HOC COMMITT 1.00
Director
$0 $0 $0
LINDA BOWYER DIRECTOR 1.00
Director
$0 $0 $0
MANFRED ALFONSO DASENBROCK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL LAWRENCE VICE CHAIR/SECRETARY 1.00
Officer Director
$0 $0 $0
RAFAL MATUSIAK DIRECTOR 1.00
Director
$0 $0 $0
YOUNSIK KIM DIRECTOR 1.00
Director
$0 $0 $0
ELISSA MCCARTER LABORDE CEO 40.00
Officer
$475,646 $68,367 $544,013
PAUL TREINEN EXECUTIVE VP 40.00
Officer
$167,469 $32,978 $200,447
UKEME FALADE CFO 40.00
Officer
$232,221 $23,290 $255,511
ANDREW PRICE GENERAL COUNSEL/VP OF ADVOCACY 40.00
Key Emp
$208,575 $50,466 $259,041
ANGELINA TRACY VP OF STRATEGIC GROWTH/PARTNERSHIPS 40.00
Key Emp
$174,615 $45,498 $220,113
EWA SIERZYNSKA CHIEF OF PARTY 40.00
Highest
$137,905 $35,553 $173,458
MELISSA VARNADO HEAD OF OPERATIONS/COMPLIANCE 40.00
Highest
$134,311 $13,505 $147,816
MICHAEL REUTER PRESIDENT WORLDWIDE FOUNDATION 40.00
Highest
$135,893 $12,046 $147,939
OSCAR GUZMAN CHIEF OF PARTY 40.00
Highest
$224,075 $22,435 $246,510
PANYA MONFORD ASST GENERAL COUNSEL OF ADVOCACY 40.00
Highest
$151,751 $16,007 $167,758
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $14,623,375 $14,122,909 $6,896,519 $500,466
2022 $16,081,976 $14,669,103 $6,129,835 $1,412,873
2021 $12,974,167 $11,234,507 $4,821,097 $1,739,660
2020 $9,938,429 $8,966,242 $4,798,810 $972,187
2019 $11,576,897 $11,118,351 $4,276,415 $458,546
2018 $10,264,860 $9,695,483 $3,795,109 $569,377
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