American Association Of Credit Union Leagues
- Assets
- $2.0m
- Revenue
- $843.1k
- Investments
- $100.0k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/1966
- Data as of
- 12/2022
- EIN
- 75-6046595
Organization Overview
American Association Of Credit Union Leagues is located in Washington, DC. The organization was established in 1966. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Credit Union Leagues 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 12/2022, American Association Of Credit Union Leagues generated $843.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $693.6k during the year ending 12/2022. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ASSOCIATION OF CREDIT UNION LEAGUES (AACUL), AN UNINCORPORATED, NOT-FOR-PROFIT ORGANIZATION, IS A TRADE ASSOCIATION FOR CREDIT UNION LEAGUES, AND THEIR AFFILIATES, WHICH ARE MEMBERS OF CREDIT UNION NATIONAL ASSOCIATION, INC. (CUNA). AACUL'S PURPOSE IS TO ASSIST IN THE DEVELOPMENT OF ITS MEMBERS AND TO ADVISE AND MAKE RECOMMENDATIONS TO MANAGEMENT AND POLICY MAKERS WITHIN THE CREDIT UNION MOVEMENT REGARDING THE FORMULATION AND IMPLEMENTATION OF POLICY TO FURTHER THE INTERESTS OF CREDIT UNIONS AND ASSOCIATIONS OF CREDIT UNIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEE SUPPORTED SERVICES - PROVIDE SERVICES AS AN INFORMATION, EDUCATION AND TRAINING FORUM FOR MANAGEMENT STAFF OF LEAGUE SERVICE CORPORATIONS AND THEIR RELATED ORGANIZATIONS.
DUES SUPPORTED SERVICES - ASSISTING WITH THE DEVELOPMENT, EDUCATION AND TRAINING OF STAFF WORKING IN THE DUES SUPPORTED AREA OF LEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Olson Chair | OfficerTrustee | 5 | $0 |
Patrick Conway Vice Chair | OfficerTrustee | 2 | $0 |
Debbie Painter Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Dan Schline Director | Trustee | 2 | $0 |
John Bratsakis Director | Trustee | 2 | $0 |
Brad Miller Aacul President | Officer | 20 | $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 | $818,777 |
| Investment income | $17,421 |
| 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 | $843,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,375 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $185,189 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,301 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $93,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,721 |
| All other expenses | $0 |
| Total functional expenses | $693,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,717,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,034,779 |
| Accounts payable and accrued expenses | $179,307 |
| Grants payable | $0 |
| Deferred revenue | $265,217 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $444,524 |
| Net assets without donor restrictions | $1,590,255 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,034,779 |
Grants Awarded
Over the last fiscal year, American Association Of Credit Union Leagues has awarded $23,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CREDIT UNION FOUNDATION PURPOSE: AACUL IS A CORPORATE LEVEL SUPPORTER OF NCUF'S MISSION THAT INCLUDES IMPROVING FINANCIAL WELL-BEING THROUGH THE CREDIT UNIONS. | $17,500 |
WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PURPOSE: ANNUAL SUPPORT FOR WOCCU'S WORLDWIDE FOUNDATION FOR CREDIT UNIONS, WHICH MISSION IS TO BRIDGE THE FINANCIAL GAPS OF MILLIONS WORLDWIDE THROUGH GROWING, SUSTAINING AND STRENGTHENING THE CREDIT UNION MOVEMENT. $1,000 DONATION IN 2022 WAS SPECIFICALLY IN SUPPORT OF CREDIT UNIONS IN UKRAINE IN TIME OF WAR. | $6,000 |