World Council Of Credit Unions Inc

Organization Overview

World Council Of Credit Unions Inc is located in Madison, WI. The organization was established in 1971. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, World Council Of Credit Unions Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Council Of Credit Unions Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, World Council Of Credit Unions Inc generated $13.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST MEMBERS AND POTENTIAL MEMBERS TO ORGANIZE, EXPAND, IMPROVE AND INTEGRATE CREDIT UNIONS AS EFFECTIVE INSTRUMENTS FOR ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT 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 LIVING IN DEVELOPING COUNTRIES. UNIQUE IN ITS APPROACH OF ADVOCACY AND INTERNATIONAL DEVELOPMENT, WOCCU IS THE INDUSTRY'S GLOBAL LEADING VOICE FOR CREDIT UNIONS WORLDWIDE AND WORKS TO ENSURE A POSITIVE ENVIRONMENT FOR CREDIT UNION INSTITUTIONS.WOCCU'S MODEL FOR STRENGTHENING CREDIT UNIONS AND INCREASING ACCESS TO FINANCIAL SERVICES ON A MASS SCALE RESULTS IN THE PROVISION OF 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. MOST RECENTLY, WOCCU HAS PROVEN ITS CAPABILITIES IN EIGHT KEY AREAS:1) PROVIDING ACCESS TO THE RURAL POOR 2) DEVELOPING INTEGRATED BUSINESS NETWORKS 3) OFFERING DOMESTIC AND INTERNATIONAL REMITTANCE SERVICES 4) REBUILDING DURING AND AFTER CONFLICT 5) SUPPORTING COMMUNITIES AT RISK 6) RESTRUCTURING AFTER DISASTER 7) ESTABLISHING NEW CREDIT UNION SYSTEMS 8) 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 NUMBERS OF POOR AND LOW-INCOME PEOPLE.


TRADE ASSOCIATION WOCCU IS A GLOBAL TRADE ASSOCIATION REPRESENTING CREDIT UNIONS AND OTHER FINANCIAL COOPERATIVE ORGANIZATIONS THROUGH THEIR NATIONAL ASSOCIATIONS WORLDWIDE. WOCCU PROVIDES THE FOLLOWING TYPES OF ACTIVITIES TO SUPPORT ITS MEMBERS: - RAISING AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVES- FACILITATING THE GLOBAL EXCHANGE OF INFORMATION AND IDEAS- ADVOCATING TO IMPROVE LEGISLATION AND REGULATION INTERNATIONALLY TRADE ASSOCIATION ACTIVITIES ARE FUNDED BY MEMBER DUES AND REGISTRATION FEES FROM THE ANNUAL WORLD CREDIT UNION CONFERENCE. IN CONJUNCTION WITH ITS TRADE ASSOCIATION ACTIVITIES, WOCCU HOLDS AN ANNUAL CONFERENCE FOR CREDIT UNION EXECUTIVES, BOARD MEMBERS AND EMPLOYEES. THE PURPOSE OF THE CONFERENCE IS TO BRING TOGETHER CREDIT UNION LEADERS FOR NETWORKING AND PROVIDE EDUCATION ON INDUSTRY-RELATED ISSUES.


ANNUAL WORLD CREDIT UNION CONFERENCE IN CONJUNCTION WITH ITS TRADE ASSOCIATION ACTIVITIES, WOCCU HOLDS AN ANNUAL CONFERENCE FOR CREDIT UNION EXECUTIVES, BOARD MEMBERS AND EMPLOYEES. THE PURPOSE OF THE CONFERENCE IS TO BRING TOGETHER CREDIT UNION LEADERS FOR NETWORKING AND PROVIDE EDUCATION ON INDUSTRY-RELATED ISSUES. THE CONFERENCE WAS HELD VIRTUALLY IN 2021 DUE TO COVID.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $8,397,390
All other contributions, gifts, grants, and similar amounts not included above$1,200,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,597,390
Total Program Service Revenue$3,376,777
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,974,167

Grants Recieved

Over the last fiscal year, we have identified 2 grants that World Council Of Credit Unions Inc has recieved totaling $27,500.

Awarding OrganizationAmount
Unitus Community Credit Union

Portland, OR

PURPOSE: GENERAL SUPPORT

$17,500
One Az Credit Union

Phoenix, AZ

PURPOSE: UNRESTRICTED

$10,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or