Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Worldwide Foundation for Credit Unions
Address:	5710 Mineral Point Road
	Madison, WI 53705
Phone:	608-395-2000
Web Address:	www.woccu.org

Worldwide Foundation for Credit Unions (WFCU) meets the 20 Standards for Charity Accountability.

WFCU supports international development programs administered by the World Council of Credit Unions. The International Partnerships program is supported annually by WFCU. The program pairs volunteers from Credit Union systems with developing country to assist the those countries in improving their credit unions and services to credit union members. Primary activities include technical assistance, training, and education sessions for credit union staff and volunteers. WFCU also supports training activities for staff and volunteer directors through regional congresses in Africa, Eastern Europe, Latin America, and the Pacific Rim. In addition, the organization carries out disaster relief through helping credit unions devastated by the 2010 Haitian earthquake rebuild businesses and homes by enabling staff and credit union members to receive loans.

For the year ended December 31, 2010, WFCU's program expenses were:

Disaster assistance	759,789
Partnership program	395,978
Educational assistance	355,680
CU technical assistance	284,556
Total Program Expenses:	$1,796,003

Chief Executive : Valerie Breunig, Executive Director

Compensation*:

$130,798

Chair of the Board: Barry Jolette
Chair's Profession / Business Affiliation: CEO, San Mateo Credit Union

Board Size: 14

Paid Staff Size: 71

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

Direct mail, print advertisements, grant proposals, Internet appeals, planned giving, membership appeals, and personal visits.

Fund raising costs were 9% of related contributions. (Related contributions, which totaled $2,338,395, 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 WFCU's audited financial statements - combined for the year ended December 31, 2010.

Source of Funds
Contributions	2,305,763
Other revenue	321,069
Grants	32,632
Interest income	4,204
Total Income	$2,663,668

Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 10%  Administrative: 11%

Total income				$2,663,668
	Program expenses			$1,796,003
	Fund raising expenses			215,796
	Administrative expenses			247,340
Total expenses				$2,259,139
Income in Excess of Expenses				404,529
Beginning net assets				608,625
Ending net assets				1,013,154
Total liabilities				2,274,091
Total assets				$3,287,245