2025-11-10T08:54:14-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-01-01 391143339 WORLD COUNCIL OF CREDIT UNIONS INC WORL 6083952000 99 M STREET SE 300 WASHINGTON DC 20003 PAUL TREINEN CEO 6083952000 2025-10-28 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2024 2025-03-06 01:10:19Z PAUL TREINEN 99 M STREET SE 300 WASHINGTON DC 20003 14056725 0 X WWW.WOCCU.ORG X 1970 WI TO EXPAND FINANCIAL INCLUSION WORLDWIDE THROUGH A VIBRANT AND GROWING GLOBAL CREDIT UNION MOVEMENT. 14 14 42 14 0 0 7940903 10481020 6588335 3199109 94137 147341 0 2365 14623375 13829835 472401 1666914 0 0 6886306 7675475 0 0 0 6764202 4044794 14122909 13387183 500466 442652 6896519 8800638 1453364 2873580 5443155 5927058 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 0 0 1 X 32 0 1 42 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 PAUL TREINEN 6083952000 301 S BEDFORD STREET SUITE 1 MADISON WI 53703 MICHAEL LAWRENCE CHAIR 1.00 0.00 X X 0 0 0 JOSEPH THOMAS VICE CHAIR/SECRETARY 1.00 1.00 X X 0 0 0 DALLAS BERGL TREASURER 1.00 1.00 X X 0 0 0 MANFRED ALFONSO DASENBROCK DIRECTOR 1.00 1.00 X 0 0 0 RAFAL MATUSIAK DIRECTOR 1.00 0.00 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 JIM MORRELL DIRECTOR 1.00 0.00 X 0 0 0 JEFF GUTHRIE DIRECTOR 1.00 0.00 X 0 0 0 YOUNSIK KIM DIRECTOR 1.00 0.00 X 0 0 0 GRACE BADILLA LOPEZ DIRECTOR 1.00 0.00 X 0 0 0 GEORGE OMBADO DIRECTOR 1.00 0.00 X 0 0 0 ERIN MENDEZ DIRECTOR 1.00 0.00 X 0 0 0 HELENE MCMANUS DIRECTOR 1.00 0.00 X 0 0 0 PAUL TREINEN EXECUTIVE VP 40.00 0.00 X 167222 0 0 UKEME FALADE CFO 40.00 0.00 X 231840 0 23735 ELISSA MCCARTER LABORDE CEO 40.00 1.00 X 504086 0 68646 ANGELINA TRACY VP OF STRATEGIC GROWTH/PAR 40.00 0.00 X 188090 0 48608 STEPHANIE AZAR HEAD OF INTERNATIONAL PROJECTS 40.00 0.00 X 133875 0 41833 MICHAEL REUTER PRESIDENT WORLDWIDE FOUNDA 40.00 1.00 X 141307 0 12885 PANYA MONFORD ASST. GENERAL COUNSEL 40.00 0.00 X 166596 0 17185 EWA SIERZYNSKA CHIEF OF PARTY 40.00 0.00 X 214132 0 38161 OSCAR GUZMAN REGIONAL DIRECTOR 40.00 0.00 X 240073 0 24199 1987221 0 275252 15 0 1 0 0 9995526 485494 10481020 MEMBERSHIP DUES 541900 2660115 2660115 REGISTRATION FEE REVENUE 523000 507234 507234 DEVELOPMENT PROGRAMS 541900 31760 31760 3199109 133231 133231 241000 226890 14110 14110 14110 OTHER INCOME 900099 2365 2365 2365 13829835 3199109 0 149706 X 1666914 1232227 4322146 194618 1156203 770281 49452 150 1970737 439932 7204 225756 710049 191432 25004 146992 WCUC CONFERENCE 76295 201791 13387183 4256826 3277795 120290 249365 625218 1120978 1435134 1521112 95245 191711 906044 872435 48329 33609 2084451 313989 320321 1488 1296 6896519 8800638 1234387 1352858 218977 1520722 1453364 2873580 X 5443155 5927058 5443155 5927058 6896519 8800638 X 442652 34919 6332 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 906044 872435 33609 33609 X PART X, LINE 2: WORLD COUNCIL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, AND A SIMILAR SECTION OF THE WISCONSIN INCOME TAX LAW, WHICH PROVIDES TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. 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 CONSOLIDATED 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 49 PROGRAM SERVICES CREDIT UNION ASSISTANCE 5576079 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES CREDIT UNION ASSISTANCE 224378 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 1 12 PROGRAM SERVICES CREDIT UNION ASSISTANCE 2547943 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 1 4 PROGRAM SERVICES CREDIT UNION ASSISTANCE 992564 4 65 0 0 4 65 9340964 0 9340964 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO KENYAN ORGANIZATIONS TO SUPPORT CREDIT UNIONS. 5853 CHECK 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO SENEGAL ORGANIZATIONS TO SUPPORT CREDIT UNIONS. 32748 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. 1395412 CHECK 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, GRANTS PAID TO UKRAINIAN ORGANIZATIONS TO SUPPORT CREDIT UNIONS AND UNDERSERVED COMMUNITIES. 164849 CHECK 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS PAID TO KENYA, SENEGAL AND BURKINA FASO TO SUPPORT CREDIT UNIONS AND UNDERSERVED COMMUNITIES. 68052 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. PART I, LINE 3: ACCRUAL METHOD FOLLOWING GAAP ACCOUNTING USED TO DETERMINE BOOKED EXPENDITURES. X 1 1 X X X X X 0 1 0 ELISSA MCCARTER LABORDE CEO 437768 0 64512 0 1806 0 27600 0 41046 0 572732 0 0 0 OSCAR GUZMAN REGIONAL DIRECTOR 210793 0 0 0 29280 0 7072 0 17127 0 264272 0 0 0 UKEME FALADE CFO 229314 0 0 0 2526 0 19210 0 4525 0 255575 0 0 0 EWA SIERZYNSKA CHIEF OF PARTY 183566 0 0 0 30566 0 12089 0 26072 0 252293 0 0 0 ANGELINA TRACY VP OF STRATEGIC GROWTH/PAR 186577 0 0 0 1513 0 16342 0 32266 0 236698 0 0 0 PANYA MONFORD ASST. GENERAL COUNSEL 164738 0 500 0 1358 0 7033 0 10152 0 183781 0 0 0 STEPHANIE AZAR HEAD OF INTERNATIONAL PROJECTS 132388 0 0 0 1487 0 11850 0 29983 0 175708 0 0 0 PAUL TREINEN EXECUTIVE VP 0 0 0 0 167222 0 0 0 0 0 167222 0 0 0 MICHAEL REUTER PRESIDENT WORLDWIDE FOUNDA 140072 0 0 0 1235 0 11673 0 1212 0 154192 0 0 0 PART I, LINE 1A TRAVEL FOR THE CEO'S SPOUSE IS ALLOWED ANNUALLY, UP TO THREE TRIPS PER YEAR. THIS BENEFIT WAS NOT TAKEN ADVANTAGE OF IN 2024 BUT WAS AVAILABLE. PART I, LINE 4B ELISSA MCCARTER LABORDE PARTICIPATED IN A 457(F) PLAN WITH CONTRIBUTIONS IN 2024 OF $139,104. 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 217,311. CONSULTANT FEES 1,407,063. OTHER PROFESSIONAL FEES 346,363. FORM 990, PART XI, LINE 9: EQUITY IN NET EARNINGS OF SUBSIDIARY 6,332. 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 0 WOCCU SERVICES GROUP INC PO BOX 2982 MADISON WI 53701 391984681 CREDIT UNION SERVICES WI WORLD COUNCIL OF CREDIT UNIONS INC C 27358 320322 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0