National Credit Union Foundation: A Force for Financial Good

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White offroad vehicle parked on a city street near a credit union in Toronto. Urban and vibrant.
Credit: pexels.com, White offroad vehicle parked on a city street near a credit union in Toronto. Urban and vibrant.

The National Credit Union Foundation is a remarkable organization that's making a real difference in the lives of people across the country. It was founded in 1992 as a non-profit organization to support the credit union system.

One of the key ways the National Credit Union Foundation achieves its mission is through the Credit Union Development Education (DE) program. This program provides training and resources to credit union staff and volunteers to help them better serve their communities.

The National Credit Union Foundation is also dedicated to promoting financial education and literacy. It offers a range of resources and tools to help individuals and communities improve their financial knowledge and skills.

Financial Freedom for Credit Union Members

Achieving financial freedom is a dream shared by many credit union members. The National Credit Union Foundation is committed to helping them achieve this goal.

The foundation's mission is to promote financial freedom for credit union members, as evident from its external link to the National Credit Union Foundation.

Credit union members can benefit from the foundation's resources and support, which can help them manage their finances effectively and make informed decisions about their money.

Disaster Relief/CU Aid

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The National Credit Union Foundation has a remarkable disaster relief program that's truly making a difference. They raise and distribute funds to aid credit unions, employees, volunteers, and members in affected regions through their National Credit Union Foundation Disaster Relief Fund.

The Foundation is incredibly effective in its fundraising efforts, as seen in the aftermath of Hurricane Katrina, when they raised a record $3.5 million for the credit union system.

Their innovative approach to disaster relief fundraising is also worth noting - they developed CU Aid, the credit union movement's first online disaster relief fundraising system.

See what others are reading: National Credit Debt Consolidation

Fundraising and Charity

The National Credit Union Foundation relies on fundraising efforts to support its mission. Financial support comes from corporate supporters like credit unions and credit union vendors, as well as individual donors.

Individual donors and corporate supporters contribute to the Foundation's fundraising efforts. Community Investment Fund (CIF) investors also play a role, investing in a partnership between the Foundation and state credit union leagues and foundations.

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The Community Investment Fund is a unique partnership that allows credit unions to invest in a shared fund, with returns split between the credit union, the Foundation, and the investing state's credit union league or foundation. Proceeds from the fund support the Foundation's national programs and state credit union league and foundation development initiatives.

Fundraising

The National Credit Union Foundation has a unique fundraising model that involves partnerships with credit unions, vendors, and community organizations. Financial support comes from corporate supporters, individual donors, and Community Investment Fund (CIF) investors.

Credit unions invest in CIF accounts with banks like the National Cooperative Bank or MEMBERS Trust Company, or with a designated corporate credit union. The return on investment is split between the credit union, the Foundation, and the state's credit union league or foundation.

Proceeds from the CIF are used to fund the Foundation's national programs and state credit union league and foundation development initiatives. This partnership-based approach helps distribute funding effectively across different levels of the credit union network.

Charity Rating

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The National Credit Union Foundation meets the BBB Standards for Charity Accountability, as verified by the BBB Wise Giving Alliance. This is a significant rating that indicates the foundation's commitment to transparency and accountability in its fundraising efforts.

The BBB Wise Giving Alliance is a well-respected organization that evaluates charities based on their governance, effectiveness, and finances. By meeting their standards, the National Credit Union Foundation demonstrates its dedication to responsible fundraising practices.

Meeting the BBB Standards for Charity Accountability can be a significant advantage for a charity, as it can increase trust and confidence with donors and the general public.

The Main Event(s)

The Main Event(s) can be a game-changer for fundraising and charity efforts. A great example is the Herb Wegner Memorial Awards annual dinner, which celebrates the achievements of industry leaders.

This event is a key part of the National Credit Union Foundation's work, and it's made possible with the help of its friends and sponsors. The foundation's website breaks down the event details into clear categories, making it easy for visitors to find the information they need.

A "sticky" navigation feature on the website allows visitors to directly scroll to the relevant section of the page, and then easily access other sections as needed. This user-friendly design makes a big difference in how people engage with the event information.

Key People and Events

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The National Credit Union Foundation has a few key people behind its operations. Christiane G Hyland serves as the Executive Director.

One of the key roles at the National Credit Union Foundation is the Chief Financial & Operations position, which is currently held by Andre T Parraway.

Danielle Brown is the Chief Engagement Director, a position that likely involves building connections with various stakeholders.

Here are the key people at the National Credit Union Foundation:

Frequently Asked Questions

What is a credit union foundation?

A credit union foundation is a charitable organization that supports the credit union movement, aiming to improve people's financial well-being. It serves as a catalyst for positive change through credit unions.

Who is the executive director of the National Credit Union Foundation?

Lauren Culp is the executive director of the National Credit Union Foundation. She was recently appointed to this role by the National Credit Union Foundation officials.

Who are the top 5 credit unions?

The top 5 credit unions are PenFed, Navy Federal Credit Union, Golden1 Credit Union, Alliant Credit Union, and Mountain America Credit Union, each exceling in a specific area such as overall performance, military benefits, senior services, rewards, and membership perks. Discover which one best suits your needs by exploring their unique features and benefits.

Felicia Koss

Junior Writer

Felicia Koss is a rising star in the world of finance writing, with a keen eye for detail and a knack for breaking down complex topics into accessible, engaging pieces. Her articles have covered a range of topics, from retirement account loans to other financial matters that affect everyday people. With a focus on clarity and concision, Felicia's writing has helped readers make informed decisions about their financial futures.

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