2023-11-08T16:40:30-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2022-01-01 391143339 WORLD COUNCIL OF CREDIT UNIONS INC WORL 6083952000 1010 E WASHINGTON AVE 306 MADISON WI 53703 ELISSA MCCARTER LABORDE CEO 6083952000 2023-11-08 1 ELISSA MCCARTER LABORDE 999009999 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ELISSA MCCARTER LABORDE 1010 E WASHINGTON AVE 306 MADISON WI 53703 16081976 0 X WWW.WOCCU.ORG X 1970 WI TO EXPAND FINANCIAL INCLUSION WORLDWIDE THROUGH A VIBRANT AND GROWING GLOBAL CREDIT UNION MOVEMENT. 15 15 44 10 0 0 9597390 10726219 3376777 5355757 0 0 0 0 12974167 16081976 1439189 1976950 0 0 6847150 7369522 0 0 0 2948168 5322631 11234507 14669103 1739660 1412873 4821097 6129835 1314928 1176247 3506169 4953588 X TO PROMOTE MORE EQUITABLE AND RESILIENT COMMUNITIES THROUGH FINANCIAL INCLUSION POWERED BY CREDIT UNIONS AND FINANCIAL COOPERATIVES. 0 0 DEVELOPMENT WORLD COUNCIL OF CREDIT UNIONS (WOCCU) WORKS TO ADVANCE FINANCIAL INCLUSION THROUGH THE CREDIT UNION AND COOPERATIVE MODEL BY ENGAGING IN INTERNATIONAL ADVOCACY, DEVELOPMENT, EDUCATION AND NETWORKING THAT EMPOWERS UNDERSERVED POPULATIONS, AND PROMOTES MORE EQUITABLE AND RESILIENT COMMUNITIES.SINCE 1971, THE WORLD COUNCIL OF CREDIT UNIONS (WOCCU) HAS BEEN A LEADER OF THE GLOBAL CREDIT UNION MOVEMENT BRINGING ACCESS TO AFFORDABLE FINANCIAL SERVICES TO INDIVIDUALS IN DEVELOPING COUNTRIES. WOCCU IS THE GLOBAL LEADING VOICE FOR CREDIT UNIONS AND COOPERATIVE FINANCIAL INSTITUTIONS WORLDWIDE TO ENCOURAGE AFFORDABLE, AVAILABLE AND ACCESSIBLE FINANCIAL SERVICES. WOCCU'S CORE CAPABILITIES ARE GROUNDED IN ITS DRIVE TO PROVIDE MILLIONS OF POOR AND LOW-INCOME PEOPLE ACCESS TO THE ARRAY OF FINANCIAL SERVICES THEY NEED THROUGH CREDIT UNIONS, REGARDLESS OF CHALLENGES POSED BY THE SURROUNDING ENVIRONMENT. MORE RECENTLY, WOCCU HAS PROVEN CAPABILITIES IN FINANCIAL INCLUSION, SERVING REMOTE AND RURAL AREAS, SUPPORTING COMMUNITIES AT RISK, ADVANCING WOMEN'S ENTREPRENEURSHIP AND ECONOMIC EMPOWERMENT, PROMOTING INCLUSIVE MARKET SYSTEMS, AND ENCOURAGING ENABLING REGULATORY SYSTEMS. RESTRUCTURING AFTER DISASTERS, ESTABLISHING NEW CREDIT UNION SYSTEMS, AND ENCOURAGING LEGISLATIVE REFORM/REGULATORY SYSTEM DEVELOPMENT.IN ADDITION TO OFFERING INNOVATIVE TECHNOLOGY SOLUTIONS, WOCCU'S TECHNICAL ASSISTANCE PROGRAMS EQUIP CREDIT UNIONS AND OTHER TYPES OF FINANCIAL COOPERATIVES WITH THE TOOLS AND TECHNIQUES NECESSARY TO STRENGTHEN THEIR FINANCIAL MANAGEMENT AND DELIVER FAIRLY PRICED FINANCIAL SERVICES TO LARGE NUMBER OF POOR AND LOW-INCOME PEOPLE. WOCCU PROVIDES THE FOLLOWING TYPES OF ACTIVITIES:- ADVOCACY FOR CREDIT UNIONS AND OTHER FINANCIAL COOPERATIVES IN FRONT OF INTERNATIONAL STANDARD SETTING BODIES- CONNECTS ALL CREDIT UNIONS TO THE GLOBAL MOVEMENT THROUGH BOTH FACE-TO-FACE AND VIRTUAL ENGAGEMENT AND NETWORKING. - INVESTS IN LEARNING OPPORTUNITIES FOR CREDIT UNION PROFESSIONALS, WITH AN EMPHASIS ON EMPOWERING YOUTH AND WOMEN- IMPLEMENT PROJECTS THAT REACH UNDERSERVED POPULATIONS, WITH A FOCUS ON WOMEN, YOUTH, MIGRANTS AND RURAL PROJECTIONS. - PROMOTES SHARED DIGITAL PLATFORMS AND SOLUTIONS THAT ADDRESS COMMON CREDIT UNION CHALLENGES WOCCU'S ANNUAL WORLD CREDIT UNION CONFERENCE ACTIVITIES SUPPORT:- RAISING AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVES- FACILITATING THE GLOBAL EXCHANGE OF INFORMATION AND IDEAS- ADVOCATING TO IMPROVE LEGISLATIVE AND REGULATION INTERNATIONALLY- BRING TOGETHER CREDIT UNION LEADERS FOR NETWORKING - PROVIDING EDUCATION ON INDUSTRY-RELATED ISSUES 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 24 0 1 44 1 0 1 BL CO EC ET HA KE LI MX RW PE 0 0 1 1 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELISSA MCCARTER LABORDE 6083952000 1010 E WASHINGTON AVE SUITE 306 MADISON WI 53703 DIANA DYKSTRA CHAIR 1.00 0.00 X X 0 0 0 MICHAEL LAWRENCE VICE CHAIR/SECRETARY 1.00 0.00 X X 0 0 0 GEORGE OTOTO TREASURER 1.00 0.00 X X 0 0 0 YOUNSIK KIM CHAIR OF COVID-19 COMMITTEE 1.00 0.00 X 0 0 0 JOSEPH THOMAS US ADVOCACY AD HOC COMMITTEE CHAIR 1.00 1.00 X 0 0 0 JAIME CHAVEZ SUAREZ DIRECTOR 1.00 0.00 X 0 0 0 MANFRED ALFONSO DASENBROCK DIRECTOR 1.00 1.00 X 0 0 0 CARLA CICERO DIRECTOR 1.00 0.00 X 0 0 0 CHARLES MURPHY DIRECTOR 1.00 0.00 X 0 0 0 DALLAS BERGL DIRECTOR 1.00 1.00 X 0 0 0 LINDA BOWYER DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH REMY DIRECTOR 1.00 0.00 X 0 0 0 JEFF GUTHRIE DIRECTOR 1.00 0.00 X 0 0 0 RAFAL MATUSIAK DIRECTOR 1.00 0.00 X 0 0 0 MARTHA DURDIN DIRECTOR 1.00 0.00 X 0 0 0 ELISSA MCCARTER LABORDE CEO 40.00 1.00 X 431822 0 62074 UKEME FALADE CFO 40.00 0.00 X 206746 0 20017 PAUL TREINEN EXECUTIVE VP 40.00 0.00 X 242810 0 45912 ANDREW PRICE GENERAL COUNSEL AND VP OF ADVOCACY 40.00 0.00 X 216543 0 40910 PANYA MONFORD ASST GENERAL COUNSEL 40.00 0.00 X 155877 0 14770 MEGAN O'DONNELL VP OF FINANCIAL INCLUSION 40.00 0.00 X 125200 0 21772 OSCAR GUZMAN REGIONAL DIRECTOR 40.00 0.00 X 175483 0 20672 ROGER MOYES CHIEF OF PARTY 40.00 0.00 X 150126 0 29639 MELISSA VARNADO HEAD OF OPERATIONS 40.00 0.00 X 124819 0 11837 1829426 0 267603 14 0 1 0 0 10276219 450000 10726219 MEMBERSHIP DUES 541900 2585156 2585156 REGISTRATION FEE REVENUE 523000 2542927 2542927 DEVELOPMENT PROGRAMS 541900 227674 227674 5355757 16081976 5355757 0 0 X 1976950 1266834 4028430 302436 1138917 632905 58695 111428 1530507 809 363814 3477 302564 924804 240243 71710 94265 WCUC CONFERENCE 1575508 44807 14669103 2496468 3256325 160488 114032 974969 261557 709559 1801659 79039 243532 870312 828705 105827 41607 290342 324888 4405 86235 4821097 6129835 664903 854011 0 251380 650025 0 0 70856 1314928 1176247 X 3506169 4953588 3506169 4953588 4821097 6129835 X 1412873 34546 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 870312 828705 41607 41607 INVESTMENT IN SUBSIDIDARY - WSG 324888 C 324888 LEASE LIABILITY 70856 70856 X PART X, LINE 2: THE ORGANIZATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 34 PROGRAM SERVICES CREDIT UNION ASSISTANCE 5901946 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 452667 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 10 PROGRAM SERVICES CREDIT UNION ASSISTANCE 1673628 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 1 4 PROGRAM SERVICES CREDIT UNION ASSISTANCE 1743302 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 1789009 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 100032 NORTH AMERICA 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 161773 4 48 0 0 4 48 11822357 0 11822357 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO KENYAN ORGANIZATIONS TO SUPPORT CREDIT UNIONS. 39970 CHECK 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO SENEGAL ORGANIZATIONS TO SUPPORT CREDIT UNIONS. 68045 CHECK 0 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, TO PROVIDE ECONOMIC OPPORTUNITIES AND FINANCIAL ASSISTANCE TO LOW-INCOME PERUVIAN, ECUADORIAN COMMUNITIES, AND VENEZUELAN MIGRANTS 1782035 CHECK 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SUPPORTING WOMEN'S ENTREPRENEURSHIP AND ECONOMIC EMPOWERMENT THROUGH A TECHNOLOGY-ENABLED PROJECT IN KENYA, SENEGAL, BURKINA FASI AND GUATEMALA FOCUSED ON MSMS LENDING METHODOLOGY. 12270 CHECK 0 RUSSIA AND NEIGHBORING STATES ASSISTANCE TO 16 CREDIT UNIONS IN UKRAINE TO CONTINUE LENDING TO SMALL FARMERS, IMPROVE PRODUCTS AND SERVICES, REACH UNDERSERVED COMMUNITIES, AND MITIGATE SOME EFFECTS OF THE WAR. 74630 CHECK 0 0 5 0 0 0 0 0 0 PART I, LINE 2: AS PART OF ITS DEVELOPMENT ACTIVITIES, WOCCU MAKES GRANTS TO VARIOUS DEVELOPING COUNTRY CREDIT UNIONS, INDIVIDUALS AND OTHER ORGANIZATIONS. THE AMOUNTS AND TYPES OF GRANTS ARE DESIGNATED IN THE AGREEMENTS WE HAVE WITH THE DONORS AND CAN VARY FROM A FEW HUNDRED DOLLARS FOR A FARMER IN KENYA TO ASSIST HIM DURING THE PLANTING SEASON, TO SEVERAL THOUSAND DOLLARS TO CREDIT UNIONS IN AFGHANISTAN FOR THE SUPPORT OF THE DEVELOPMENT OF NEW CREDIT UNIONS. EACH PROJECT HAS ITS OWN COST CENTER WITHIN THE OVERALL WOCCU ACCOUNTING SYSTEM. THE NUMBER AND AMOUNT OF GRANTS ARE MONITORED BY THE PROJECT DIRECTOR, LOCATED AT THE FIELD OFFICE, AND BY THE PROJECT MANAGER IN THE U.S. PART III ACCOUNTING METHOD: X 1 1 X X X X X 0 1 0 ELISSA MCCARTER LABORDE CEO 425000 0 0 0 6822 0 24400 0 37674 0 493896 0 0 0 PAUL TREINEN EXECUTIVE VP 239534 0 500 0 2776 0 18839 0 27073 0 288722 0 0 0 ANDREW PRICE GENERAL COUNSEL AND VP OF ADVOCACY 214815 0 500 0 1228 0 17225 0 23685 0 257453 0 0 0 UKEME FALADE CFO 205615 0 0 0 1131 0 16334 0 3683 0 226763 0 0 0 OSCAR GUZMAN REGIONAL DIRECTOR 152375 0 0 0 23108 0 6095 0 14577 0 196155 0 0 0 ROGER MOYES CHIEF OF PARTY 141347 0 5000 0 3779 0 5385 0 24254 0 179765 0 0 0 PANYA MONFORD ASST GENERAL COUNSEL 155111 0 0 0 766 0 6204 0 8566 0 170647 0 0 0 PART I, LINE 4B ELISSA MCCARTER LABORDE PARTICIPATED IN A 457(F) PLAN WITH CONTRIBUTIONS IN 2022 OF $127,500. PART I, LINE 1A AS PART OF HER CONTRACT, WOCCU PAYS THE EXPENSES FOR THE CEO'S SPOUSE FOR UP TO THREE TRIPS PER YEAR TO TRAVEL WITH HER WHILE SHE IS ON COMPANY BUSINESS. FOR 2022, THE TOTAL VALUE OF THE TRAVEL WAS $5,315. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII OF THIS FORM AND IS TREATED AS A TAXABLE FRINGE BENEFIT ON HIS 2022 W-2. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS REGULAR MEMBERS AND ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECT MEMBERS DETERMINE THE BOARD OF DIRECTORS. THE FOUR LARGEST MEMBERS APPOINT THEIR BOARD REPRESENTATIVES. THE REMAINING SEATS ARE CHOSEN BY ELECTIONS OF THE MEMBER'S DELEGATES. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS ARE DETERMINED BY THE MEMBERS AND CARRIED OUT BY THE BOARD OF DIRECTORS. DECISIONS ARE MADE DIRECTLY BY THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS ARE PROVIDED A FULL COPY OF THE 990 FOR REVIEW PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES - WE HAVE A WRITTEN CONFLICT OF INTEREST POLICY AS PART OF OUR EMPLOYEE POLICIES, WHICH ARE POSTED ON THE EMPLOYEE SHAREPOINT SITE. ALL EMPLOYEES ARE INFORMED OF THE POLICIES AND ARE REQUIRED TO STATE IN WRITING THAT THEY HAVE READ AND UNDERSTAND THE POLICIES. BOARD - ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST FORM ANNUALLY. BOARD MEMBERS WITH CONFLICT MUST NOTIFY WOCCU'S PRESIDENT & CEO IMMEDIATELY AND RECUSE THEMSELVES FROM ANY RELATED DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S PERFORMANCE, SALARY AND BENEFITS ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE. AS PART OF THE PROCESS, MARKET SURVEYS ARE PERFORMED BY AN OUTSIDE CONSULTANT TO VERIFY THAT SALARY AND BENEFITS ARE WITHIN MARKET RANGES. ALL OTHER EMPLOYEES, INCLUDING THE OFFICERS/KEY EMPLOYEES MENTIONED ABOVE, ARE REVIEWED ANNUALLY VIA AN EMPLOYEE PERFORMANCE EVALULATION PROCESS. SALARIES ARE BASED ON PERIODIC MARKET SURVEYS PREPARED INTERNALLY EVERY TWO TO THREE YEARS. ANNUAL ADJUSTMENTS ARE BASED ON THE MARKET SURVEYS, INDIVIDUAL PERFORMANCE AND THE PREVAILING INFLATION (CPI) RATE. EMPLOYEES' ANNUAL SALARY ADJUSTMENTS ARE SET BY THEIR RESPECTIVE SUPERVISORS, IN CONSULATION WITH THE CEO AND HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT, WHICH INCLUDES A SUMMARY OF THE FINANCIALS, IS POSTED ON THE WEBSITE. IN ADDITION, CONTACT INFORMATION IS PROVIDED IN THE ANNUAL REPORT FOR ANYONE WHO WANTS TO REQUEST A COPY OF THE FULL AUDITED FINANCIALS. FORM 990, PART IX, LINE 11G HR AND PAYROLL 32,135. TRANSLATIONS 31,848. TEMPORARY SERVICES 150,898. CONSULTANT FEES 1,305,942. OTHER PROFESSIONAL FEES 9,684. FORM 990, PART XI, LINE 9: EQUITY IN NET LOSS OF SUBSIDIARY 34,546. WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 53701 396093210 TO ASSIST CREDIT UNION SYSTEMS & MEMBERS IN DEVELOPMENT ACTIVITIES WI 501(C)(3) LINE 7 WORLD COUNCIL OF CREDIT UNIONS INC 1 WOCCU SERVICES GROUP INC PO BOX 2982 MADISON WI 53701 391984681 CREDIT UNION SERVICES WI WORLD COUNCIL OF CREDIT UNIONS INC C 36836 324888 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC O 564463 FAIR MARKET VALUE WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC Q 1806490 FAIR MARKET VALUE WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC C 450000 FAIR MARKET VALUE