Defense Credit Union Council Inc

Organization Overview

Defense Credit Union Council Inc is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Defense Credit Union Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defense Credit Union Council 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, Defense Credit Union Council Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Defense Credit Union Council Inc has awarded 23 individual grants totaling $455,606. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST MEMBER CREDIT UNIONS OPERATING ON DEPARTMENT OF DEFENSE (DOD) INSTALLATIONS, WHOSE FIELD OF MEMBERSHIP INCLUDES A SEGMENT OF MILITARY AND/OR CIVILIAN PERSONNEL OF THE U.S. DEFENSE ESTABLISHMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSIST MEMBER CREDIT UNIONS IN: THE UNIQUE PROBLEMS OF A MOBILE MEMBERSHIP, THE PROBLEMS CREATED BY MAJOR PERSONNEL CHANGES, INSTALLATION MISSION CHANGES, INSTALLATION BASE CLOSURES AND REALIGNMENTS BOTH STATESIDE AND OVERSEAS, INTERCOMMUNICATION DEVELOPMENT, FINANCIAL READINESS REQUIREMENTS, AND SUPPORTING AND ASSISTING MEMBER CREDIT UNIONS IN FULFILLING THEIR ROLE ON DOD INSTALLATIONS, I.E. ENHANCING THE MORALE AND WELFARE OF MILITARY PERSONNEL.


THE DEFENSE COUNCIL PROVIDES OTHER ACTIVITIES OR BENEFITS TO REPRESENTED CREDIT UNIONS WITH PARTICULAR EMPHASIS ON THE DEVELOPMENT AND COORDINATION OF UNIFORM DOD SUPPORT POLICIES, PROCEDURES, DIRECTIVES, INSTRUCTIONS, AND REGULATIONS AS THEY PERTAIN TO MEMBER CREDIT UNIONS' OPERATIONS, FACILITIES AND SERVICES ON DEPARTMENT OF DEFENSE INSTALLATIONS WORLDWIDE.


THE DEFENSE COUNCIL PROVIDES LIAISON WITH THE DEPARTMENT OF DEFENSE AND THE NATIONAL CREDIT UNION ADMINISTRATION ON PROBLEMS UNIQUE TO DEFENSE CREDIT UNIONS. THE DEFENSE COUNCIL ALSO PROVIDES LIAISON TO OTHER FEDERAL AGENCIES, SUCH AS FINANCIAL MANAGEMENT SERVICES, U.S. TREASURY AND OTHER NON-PROFIT ORGANIZATIONS SUCH AS THE MILITARY CHILD EDUCATION COALITION AND BETTER BUSINESS BUREAU MILITARY LINE. ADDITIONALLY, THE COUNCIL LIAISONS WITH THE CREDIT UNION NATIONAL ASSOCIATION, NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS AND OTHER CREDIT UNION ORGANIZATIONS.


THE DEFENSE CREDIT UNION COUNCIL (DCUC) CONDUCTS AN ANNUAL EDUCATIONAL CONFERENCE, AN ANNUAL ROUNDTABLE FORUM AND AN ANNUAL OVERSEAS SUBCOUNCIL MEETING FOR ITS MEMBERSHIP. THE DCUC SPONSORS A PUBLICATION AND MEMBERSHIP INFORMATION EXCHANGE, AND IS A CHARTERED AND ACTIVE PARTNER OF THE DOD FINANCIAL READINESS AND MILITARY SAVES CAMPAIGNS.


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Board, Officers & Key Employees

Name (title)Compensation
Anthony Hernandez
Ceo/president
$399,890
Elizabeth Merlo
Vice President
$137,039
Jack Fallis
1st Vice Chairman
$0
Bill Birnie
Chairman
$0
Denise Floyd
Secretary
$0
Maggie Sayer
2nd Vice Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$892,679
Investment income $130,751
Tax Exempt Bond Proceeds $0
Royalties $102,416
Net Rental Income $0
Net Gain/Loss on Asset Sales $483,885
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,266,018

Grants Awarded

Over the last fiscal year, Defense Credit Union Council Inc has awarded $165,366 in support to 8 organizations.

Grant RecipientAmount

FILENE RESEARCH INSTITUTE

Org PageRecipient Profile

Madison, WI

PURPOSE: DONATION TO SUPPORT CENTER OF EXCELLENCE

$55,000

MILITARY SPOUSE ADVOCACY NETWORK

Org PageRecipient Profile

San Antonio, TX

PURPOSE: LEADERSHIP DEVELOPMENT PROGRAM SPONSORSHIP

$35,000

MILITARY CHILD EDUCATION COALITION

Org PageRecipient Profile

Harker Heights, TX

PURPOSE: EVENT T-SHIRTS

$20,000

NATIONAL CREDIT UNION FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: GENERAL PURPOSE

$17,500

SOUTHEASTERN GUIDE DOGS

Org PageRecipient Profile

Palmetto, FL

PURPOSE: GENERAL PURPOSE

$11,195

WORLDWIDE FOUNDATION FOR CREDIT UNIONS

Org PageRecipient Profile

Madison, WI

PURPOSE: GENERAL PURPOSE

$10,000
View Grant Profile

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