Ignite. Inspire. Respond. 1 CHANGING LIVES Through Credit Unions
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2019 Impact Report Ignite. Inspire. Respond. CHANGING LIVES WE LOVE WHAT The year 2019 was one of catalytic impact, thought leadership and influential industry change. Through our work to ignite understanding and focus on member financial health and well-being; to inspire and create opportunities for credit unions to leverage cooperative values and to respond when disaster struck, the Foundation changed people’s financial lives WE DO through credit unions. $ given in grants to improve 100,000 financial health and well-being. Our Mission: To serve as a catalyst to improve people’s financial lives through credit unions. graduates from credit union organization 184 the DE Program. 800 employees Explored their “Why”. Our Vision: Making financial freedom achievable through credit unions. $ distributed in disaster relief 42,000 grants through CUAid. Our Values: We’re focused on serving our team, 2019 IMPACT HIGHLIGHTS 2019 IMPACT our communities and our movement. Here’s how: The National Credit Union Foundation is a testament to the cooperative spirit and the credit union purpose of bringing people together to help improve the lives of so many. They work tirelessly alongside credit Connect Drive Uphold Honor Lead with unions around the country to help build stronger communities, nurture People with Progress: Transparency: Commitments: Passion: future leaders and improve the financial wellbeing for all of us, so Possibilities: Constantly Build trust Own our Empower tomorrow may be better than we can imagine today.” Collaborate, challenging the through truth and work and are through empathy, promote inclusion status quo to respect responsible enthusiam and and think create positive gratitude Bill Cheney, President/CEO, differently change SchoolsFirst Federal Credit Union 1 2 2019 GRANTS: Transforming the financial futures of the next generation through the Empowering credit unions to Biz Kid$ program. understand where their staff and members are on their financial IGNITE well-being journey. $ IGNITE passion and knowledge around member and employee financial 25,000 health and well-being. $ for Biz Kid$ Business 75,000 Plan Competitions in financial health grants 3 8 Organizations The conference provided Organizations an opportunity to share experiences with each $ other and build a great 36M granted to credit union network of resources to organizations since 2005 tap into for the future. I left the conference TM CU FINHEALTH 19 invigorated with ideas and seeds of information to Leading credit union conference on financial health and well-being that dives into measuring, build programs to aid our improving and documenting member and membership in building employee financial health. I think that the BizKid$ competition teaches students real world skills by taking a break their financial wellness.” from the standard textbook curriculum by showcasing real word scenarios. The competition very much sparked my interest in business. I’ve Attendees Joy Tafarella, always been an organized person, so the careful planning that 90 scholarship recipient from Cal Poly Federal Credit Union. comes with creating a business plan was like second nature scholarships given to credit union to me. I’m glad that there is a career path available that employees 5 suits my interests.” Be a part of the conversation! Follow #cufinhealth on social to see insights Faith Guerrero, past participant of a Biz Kid$ Entrepreneurship and knowledge around member and employee financial health. Contest and is now in college studying business. 3 TM EXPLORING WHY Organizations WORKSHOPS 13 Helping employees understand the “why” behind their work Employees reached INSPIRE to drive greater value for your 800 INSPIRE the credit union movement to leverage their cooperative values to members and organization. help members face modern challenges. DE TRAINING: FOUNDATION DINNER PRESENTING THE Transformative training for HERB WEGNER MEMORIAL AWARDS established and emerging credit union leaders. CUDE graduates graduates in 2019 900 to date Attendees 184 2,000 Never in my wildest dreams would I have thought that I would countries be receiving this tremendous Net Promoter Score % represented recognition. The legacy of Herb 2 97 35 Wegner and the past recipients is Outstanding Individual Achievement Awards inspiring and I will work hard every Crystal Long, Diana R. Dykstra, day to uphold the legacy.” President/CEO of GECU President/CEO of the California & Nevada Credit Union Leagues Diana R. Dykstra 1 DE training will challenge you to see beyond the traditional Outstanding Organization Award ways credit unions can help their members and the broader Nusenda Credit Union Foundation for their Co-op Capital Program community. Your experience will change how you view situations and people by applying a positive approach to 1 truly make a difference in their lives.” Anchor Award Dan McCue, Alaska USA Federal Credit Union. Brett Martinez, President/CEO of Redwood Credit Union for leadership during the 2017 California wildfires. 5 6 RESPOND RESPOND when disasters strike by quickly harnessing collective generosity through CUAid. $17,000 $25,000 granted for the granted for Alaskan Earthquakes the California Wildfires of donations go distributed towards disaster $ % since 2005 100 recovery efforts 9M During the Kincade Fire, nearly a million residents had their power shut off and about 200,000 were under mandatory evacuation. This meant the majority of our employees were evacuated from their homes or without power for several days. I’m thankful that CUAid has been able to assist with the financial burden that these events have caused our staff and many of our employees.” Brett Martinez, President & CEO of Redwood Credit Union. 7 8 FINANCIALS 2019 BOARD OF DIRECTORS Angela McCathran, CUDE Robert Cashman David Mooney Chairman President/CEO President/CEO Revenue and Other Sources President/CEO Metro Credit Union Alliant Credit Union People’s Trust Federal Credit Chelsea, MA Chicago, IL Union Investment Houston, TX Other Returns Program Patricia Wesenberg, CUDE Bill Cheney Carlyn Roy Contributions $2,323,345 55% Revenue Vice Chairman President/CEO President/CEO President/CEO SchoolsFirst FCU Community Investment Fund 683,398 16% TAPCO CU Simplicity Credit Union Santa Ana, CA Fircrest, WA Special Events (net) 376,501 9% Marshfield, WI Program Revenue 622,614 15% Special Contributions Events Investment Return (net) 232,468 5% (net) Teresa A. Campbell Debra Keesee, CUDE John Sackett Secretary President/CEO Board Treasurer Other 21,387 1% President/CEO Spokane Media FCU Royal Credit Union San Diego County Credit Spokane, WA Eau Claire, WI Community Union Total $4,259,713 100.0% Investment Fund San Diego, CA Larry Middleman Timothy Kovac, CUDE Howard Spencer Treasurer Vice President & Associate Board Member President/CEO General Counsel, Northland Area FCU Business Compliance & CU Business Group, LLC Oscoda, MI Regulatory Leader Legal Portland, OR Operations CUNA Mutual Group Jim Nussle, CUDE Madison, WI Brett Thompson President President/CEO President/CEO Maria LaVelle Wisconsin Credit Union Credit Union National CEO League Program Expenses and Supporting Services Association PHEPLE FCU Madison, WI Washington, DC Greensburg, PA Fundraising Winona Nava, CUDE Tena Lozano Dean Young ex officio Executive Director EVP, Chief Experience Program Expenses Immediate Past Chair RMJ Foundation Officer Disaster Relief $80,457 President/CEO Ontario, CA PSCU Management Guadalupe Credit Union Tampa, FL and General Development Education 714,777 Santa Fe, NM CIF Grants and Outreach 719,269 REAL Solutions 479,434 Biz Kid$ 143,033 Total Program Program Services 163,599 Expenses Total Program Expenses $2,300,569 65% Management and General 892,710 25% Fundraising 334,909 9% Total Expenses $3,528,188 100.0% Unrealized Gains on Investments 480,924 CURRENT FOUNDATION STAFF Change in Net Assets $1,212,449 Net Assets - Beginning of Year 7,242,111 Christiane Gigi Hyland, CUDE Chad Helminak, CUDE Kalli Shelton, CUDE Net Assets - End of Year $8,464,560 Executive Director Director of DE & Cooperative Culture Education Program Manager Hannibal Brumskine II, CUDE Melissa Ibach Jenni Speth, CUDE Chief Financial & Operations Officer Staff Accountant Events & Donor Experience Senior Manager Danielle Brown, CUDE Elizabeth Krenzelok Maggie Wolff Engagement Director Marketing Coordinator Development Education Manager Kathy Heiderscheit, CUDE Traci O’Neill Lacey Yasick, CUDE Accounting Data Specialist Executive Assistant Communications Senior Manager 9 10 Gold Supporter CommunityAmerica Credit Bronze Supporter 2019 DONORS Union ($25,000+) Connexus Association Inc ($5,000+) Alaska USA Federal Credit Ent Credit Union Alaska Credit Union League Union Fidelity Information Services Alloya Corporate Federal Sustaining Circle ($150,000+) Bethpage Federal Credit Credit Union FISERV Union ALM First Financal Advisors Georgia Credit Union California and Nevada Foundation America First Federal Credit Credit Union Leagues Union Georgia Credit Union League Coastal Credit Union Andigo Credit Union Heartland Credit Union CU Direct/Origence Association Carolinas Credit Union League Elevations Credit Union Illinois Credit Union System Clearwater Credit Union GECU (LSC) Cornerstone Credit Union Local Government Federal KEMBA Financial Credit Union Foundation Credit Union Inc Cornerstone Credit Union Michigan State University La Capitol Federal Credit League Federal Credit Union Union Corporate America Family Mountain America Credit Maine Credit Union League