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Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	National Credit Union Foundation
Address:	5710 Mineral Point Road
	Madison, WI 53705
Phone:	800-356-9655 202-824-6294
Web Address:	www.ncuf.coop

National Credit Union Foundation (NCUF) meets the 20 Standards for Charity Accountability.

NCUF’s programs aim to provide financial education, create greater access to affordable financial services, and empower credit union members to build assets. NCUF in-house programs include REAL Solutions and Credit Union Development Education. NCUF grant programs include Innovation grants and CUAid. REAL Solutions helps credit unions provide affordable and sustainable services to people of low wealth and modest means, as well as working families. NCUF reports that in 2009, it was able to approve 13 Innovation grants that will help credit union members gain financial education, build assets, and keep their homes. Also in 2009, the Development Education program had more than 900 graduates generating awareness of the socially responsible and sustainable credit union business model. CUAid raised disaster relief donations that were disbursed as grants to credit union employees and members who suffered losses due to wildfires in California, floods in Iowa and Maine, and tornados in Alabama. In 2010, NCUF provided assistance through CUAid for credit union members and employees who suffered losses due to the earthquake in Haiti.

For the year ended December 31, 2009, NCUF's program expenses were:

CIF grants	2,847,514
Program services	1,275,917
Federal programs	63,351
Total Program Expenses:	$4,186,782

Chief Executive : Bucky Sebastian, Executive Director

Compensation*:

Chair of the Board: Allan Kemp McMorris
Chair's Profession / Business Affiliation: President/CEO, Oakland County CU

Board Size: 13

Paid Staff Size: 6

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. Mr. Sebastian's compensation is not yet available, but the previous Executive Director, Stephen Delfin, received compensation in the amount of $280,104 in 2009.

Method(s) Used:

Direct mail, telemarketing, special events, print advertisements, and Internet appeals.

Fund raising costs were 6% of related contributions. (Related contributions, which totaled $4,446,884, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on NCUF's audited financial statements for the year ended December 31, 2009.

Source of Funds
Contributions-CIF	2,901,268
Contributions	1,590,720
Unrealized gains from investments	347,189
Progrm revenue	173,694
Investment return	139,305
Federal program	32,000
Other	10,000
Special events, net	-77,104
U.S. central membership capital shares impairment	-236,917
Total Income	$4,880,155

Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 5%  Administrative: 15%

Total income				$4,880,155
	Program expenses			$4,186,782
	Fund raising expenses			266,356
	Administrative expenses			790,513
Total expenses				$5,243,651
Expenses in Excess of Income				(363,496)
Beginning net assets				5,677,041
Ending net assets				5,313,545
Total liabilities				1,389,787
Total assets				$6,703,332