EIN 39-1143339

World Council of Credit Unions

IRS 501(c) type
501(c)(6)
Num. employees
44
Year formed
1970
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Global advocate and trade association for credit unions, providing support and promoting financial inclusion in developing countries.
Total revenues
$16,081,976
2022
Total expenses
$14,669,103
2022
Total assets
$6,129,835
2022
Num. employees
44
2022

Program areas at World Council of Credit Unions

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 and cooperative financial institutions worldwide to encourage affordable, available and accessible financial services. Woccu's core capabilities are grounded in its drive to provide millions of poor and low-income people access to the array of financial services they need through Credit Unions, regardless of challenges posed by the surrounding environment. 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 large number of poor and low-income people.
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 legislative and regulation internationally- bring together Credit union leaders for networking - providing education on industry-related issues
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- implement 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

Who funds World Council of Credit Unions

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Worldwide Foundation for Credit UnionsTo Support the Program Development Operations$450,000
Patelco Credit UnionCharitable Donations$10,000
OneAz Credit Union (OneAZ)Unrestricted$10,000

Personnel at World Council of Credit Unions

NameTitleCompensation
Brian BranchPresident and Chief Executive Officer -$367,807
Elissa McCarter LabordeChief Executive Officer$431,822
Ewa SierzynskaCap Project Chief of Party$157,399
Roger MoyesChief of Party$150,126
Ukeme FaladeChief Financial Officer$206,746
...and 17 more key personnel

Financials for World Council of Credit Unions

RevenuesFYE 12/2022
Total grants, contributions, etc.$10,726,219
Program services$5,355,757
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,081,976

Form 990s for World Council of Credit Unions

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-11-15990View PDF
2020-122021-09-28990View PDF
2018-122020-01-23990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Updated personnel
Identified 4 new personnel
December 25, 2023
Received grants
Identified 3 new grant, including a grant for $200,000 from Worldwide Foundation for Credit Unions
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsOperates internationallyReceives government funding
General information
Address
1010 E Washington Ave 306
Madison, WI 53703
Metro area
Madison, WI
Website URL
woccu.org/ 
Phone
(608) 395-2000
Facebook page
woccu 
Twitter profile
@woccu 
IRS details
EIN
39-1143339
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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