2024-11-14T14:54:11-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 391143339 WORLD COUNCIL OF CREDIT UNIONS INC WORL 6083952000 99 M STREET SE 300 WASHINGTON DC 20003 ELISSA MCCARTER LABORDE CEO 6083952000 2024-11-13 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2023 2024-10-15 13:58:12Z X ELISSA MCCARTER LABORDE 99 M STREET SE 300 WASHINGTON DC 20003 14623375 0 X WWW.WOCCU.ORG X 1970 WI TO EXPAND FINANCIAL INCLUSION WORLDWIDE THROUGH A VIBRANT AND GROWING GLOBAL CREDIT UNION MOVEMENT. 14 14 52 14 0 0 10726219 7940903 5355757 6588335 0 94137 0 0 16081976 14623375 1976950 472401 0 0 7369522 6886306 0 0 0 5322631 6764202 14669103 14122909 1412873 500466 6129835 6896519 1176247 1453364 4953588 5443155 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. 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 UNDERSERVED COMMUNITIES. 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- IMPLEMENTS 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 LEGISLATION 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 0 0 0 0 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 37 0 1 52 1 0 1 EC KE PE GT SG UV UP 0 0 1 1 0 0 0 X 14 14 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 99 M STREET SE STE 300 WASHINGTON DC 20003 DALLAS BERGL TREASURER 1.00 1.00 X X 0 0 0 DIANA DYKSTRA CHAIR 1.00 0.00 X X 0 0 0 ERIN MENDEZ DIRECTOR 1.00 0.00 X 0 0 0 GEORGE OTOTO DIRECTOR 1.00 0.00 X 0 0 0 GRACE BADILLA LOPEZ DIRECTOR 1.00 0.00 X 0 0 0 HELENE MCMANUS DIRECTOR 1.00 0.00 X 0 0 0 JEFF GUTHRIE DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH REMY DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH THOMAS US ADVOCACY AD HOC COMMITT 1.00 1.00 X 0 0 0 LINDA BOWYER DIRECTOR 1.00 0.00 X 0 0 0 MANFRED ALFONSO DASENBROCK DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL LAWRENCE VICE CHAIR/SECRETARY 1.00 0.00 X X 0 0 0 RAFAL MATUSIAK DIRECTOR 1.00 0.00 X 0 0 0 YOUNSIK KIM DIRECTOR 1.00 0.00 X 0 0 0 ELISSA MCCARTER LABORDE CEO 40.00 1.00 X 475646 0 68367 PAUL TREINEN EXECUTIVE VP 40.00 0.00 X 167469 0 32978 UKEME FALADE CFO 40.00 0.00 X 232221 0 23290 ANDREW PRICE GENERAL COUNSEL/VP OF ADVOCACY 40.00 0.00 X 208575 0 50466 ANGELINA TRACY VP OF STRATEGIC GROWTH/PARTNERSHIPS 40.00 0.00 X 174615 0 45498 EWA SIERZYNSKA CHIEF OF PARTY 40.00 0.00 X 137905 0 35553 MELISSA VARNADO HEAD OF OPERATIONS/COMPLIANCE 40.00 0.00 X 134311 0 13505 MICHAEL REUTER PRESIDENT WORLDWIDE FOUNDATION 40.00 1.00 X 135893 0 12046 OSCAR GUZMAN CHIEF OF PARTY 40.00 0.00 X 224075 0 22435 PANYA MONFORD ASST GENERAL COUNSEL OF ADVOCACY 40.00 0.00 X 151751 0 16007 2042461 0 320145 13 0 1 0 0 7662559 278344 7940903 REGISTRATION FEE REVENUE 523000 3953269 3953269 MEMBERSHIP DUES 541900 2634606 2634606 DEVELOPMENT PROGRAMS 541900 460 460 6588335 94137 94137 14623375 6588335 0 94137 X 472401 1479129 3505433 216707 1037460 647577 49693 1868136 10243 387077 12271 241678 766576 270003 26910 113150 WCUC CONFERENCE 2760195 258270 14122909 3256325 4256826 114032 120290 261557 625218 1801659 1435134 243532 95245 904186 855857 41607 48329 324888 313989 86235 1488 6129835 6896519 854011 1234387 251380 218977 70856 0 1176247 1453364 X 4953588 5443155 4953588 5443155 6129835 6896519 X 500466 -10899 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 904186 855857 48329 48329 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 37 PROGRAM SERVICES CREDIT UNION ASSISTANCE 3944009 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 767493 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 11 PROGRAM SERVICES CREDIT UNION ASSISTANCE 1632581 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 1 4 PROGRAM SERVICES CREDIT UNION ASSISTANCE 992560 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 22693 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 11616 4 52 0 0 4 52 7370952 0 7370952 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO KENYAN ORGANIZATIONS TO SUPPORT CREDIT UNIONS. 19140 CHECK 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO SENEGAL ORGANIZATIONS TO SUPPORT CREDIT UNIONS. 26832 CHECK 0 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, GRANTS PAID TO PERU, ECUADOR AND GUATEMALA TO PROMOTE ECONOMIC INCLUSION AND ADDRESS UNDERSERVED COMMUNITIES. 314416 CHECK 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, GRANTS PAID TO UKRAINIAN ORGANIZATIONS TO SUPPORT CREDIT UNIONS AND UNDERSERVED COMMUNITIES. 35445 CHECK 0 SUB-SAHARAN AFRICA GRANTS PAID TO KENYA, SENEGAL AND BURKINA FASO TO SUPPORT CREDIT UNIONS AND UNDERSERVED COMMUNITIES. 76568 CHECK 0 0 6 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 AND OTHER ORGANIZATIONS. THE AMOUNTS AND PURPOSE OF GRANTS ARE DESIGNATED IN DONOR AGREEMENTS AND CAN VARY FROM SUPPORTING ENTREPRENEURSHIP AND LENDING TO SMALL AND MEDIUM ENTERPRISES, TO PROMOTING WOMEN AND YOUTH EMPOWERMENT IN UNDERSERVED COMMUNITIES. X 1 1 X X X X X 0 1 0 ELISSA MCCARTER LABORDE CEO 423549 0 50000 0 2097 0 26400 0 41967 0 544013 0 0 0 ANDREW PRICE GENERAL COUNSEL/VP OF ADVOCACY 207347 0 0 0 1228 0 17708 0 32758 0 259041 0 0 0 UKEME FALADE CFO 206941 0 10000 0 15280 0 19273 0 4017 0 255511 0 0 0 OSCAR GUZMAN CHIEF OF PARTY 197650 0 0 0 26425 0 6741 0 15694 0 246510 0 0 0 ANGELINA TRACY VP OF STRATEGIC GROWTH/PARTNERSHIPS 163754 0 10000 0 861 0 15118 0 30380 0 220113 0 0 0 PAUL TREINEN EXECUTIVE VP 139775 0 0 0 27694 0 14241 0 18737 0 200447 0 0 0 EWA SIERZYNSKA CHIEF OF PARTY 137185 0 0 0 720 0 11512 0 24041 0 173458 0 0 0 PANYA MONFORD ASST GENERAL COUNSEL OF ADVOCACY 150946 0 0 0 805 0 6359 0 9648 0 167758 0 0 0 PART I, LINE 4B ELISSA MCCARTER LABORDE PARTICIPATED IN A 457(F) PLAN WITH CONTRIBUTIONS IN 2023 OF $134,400. 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 2023, THE TOTAL VALUE OF THE TRAVEL WAS $1,735. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII OF THIS FORM AND IS TREATED AS A TAXABLE FRINGE BENEFIT ON HER 2023 W-2. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING POSITIONS: CHAIRPERSON, VICE CHAIRPERSON, SECRETARY AND TREASURER. THE CHAIRPERSON SHALL SERVE AS THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ELECTED BY AND FROM THE BOARD OF DIRECTORS AT ITS FIRST MEETING HELD EACH YEAR AFTER THE ANNUAL MEETING OF THE GENERAL ASSEMBLY. A MEMBER ORGANIZATION IS NOT PERMITTED TO HOLD MORE THAN TWO (2) SEATS ON THE EXECUTIVE COMMITTEE. 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 TEMPORARY SERVICES 221,419. CONSULTANT FEES 1,414,713. OTHER PROFESSIONAL FEES 232,004. FORM 990, PART XI, LINE 9: EQUITY IN NET LOSS OF SUBSIDIARY -10,899. 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 313989 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 889312 FAIR MARKET VALUE WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC Q 2354669 FAIR MARKET VALUE WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC C 275000 FAIR MARKET VALUE