2025-11-17T12:39:16-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 571091138 AFRICAN AMERICAN CREDIT UNION COALITION AFRI 2067132177 PO BOX 392136 SNELLVILLE GA 30039 CATHRYN SATTIEWHITE PRESIDENT/CEO 2067132177 2025-11-14 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z CATHRYN SATTIEWHITE PO BOX 392136 SNELLVILLE GA 30039 2631008 0 X AACUC.ORG X 1999 GA AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT. 10 10 10 12 0 0 118631 57471 2183408 2437480 10086 16191 163863 119866 2475988 2631008 28000 27053 0 0 770983 963266 0 0 448315 1759903 1638845 2558886 2629164 -82898 1844 452507 1357850 235380 1138879 217127 218971 X AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT. 0 0 103892 512090 IN 2024, THE FUTURE FUND (THE FUND) WAS ESTABLISHED TO ENSURE THE LONG-TERM STRENGTH AND SUSTAINABILITY OF THE COALITION IN FULFILLING ITS MISSION TO SERVE THE CREDIT UNION INDUSTRY. IN ADDITION TO SUPPORTING THE COALITION'S PROGRAMS AND PROVIDING AN OPERATING RESERVE, THE FUND IS DESIGNATED TO ENHANCE AND BRING SCALE TO THREE PILLARS OF THE COALITION'S COMMITMENT TO CHANGE INITIATIVE. THE FUND IS STRUCTURED TO BENEFIT FROM INVESTMENT RETURNS, ENABLING THE CREDIT UNION SYSTEM TO SUPPORT THE COALITION THROUGH STRATEGIC INVESTMENT OPPORTUNITIES. CREDIT UNIONS AND OTHER SUPPORTERS MAY PARTICIPATE BY OPENING A CERTIFICATE OF DEPOSIT OR A CHARITABLE DONATION ACCOUNT (CDA) WITH ONE OF THE FUND'S STRATEGIC PARTNERS, NATIONAL COOPERATIVE BANK (NCB), ALM FIRST OR TRUSTAGE FINANCIAL GROUP, INC. (TRUSTAGE).DONORS MAY OPEN A CERTIFICATE OF DEPOSIT ACCOUNT WITH NCB AND CONTRIBUTE A SPECIFIED PERCENTAGE OF THE INTEREST EARNED TO SUPPORT THE COALITION. ALM FIRST AND TRUSTAGE OFFER CHARITABLE DONATION ACCOUNTS TO CREDIT UNION INVESTORS. CDA ASSETS ARE HELD IN SEGREGATED CUSTODIAL ACCOUNTS AND A MINIMUM OF 51% OF EACH CDA'S TOTAL RETURN MUST BE DISTRIBUTED TO THE COALITION. THE FUTURE FUND COMMITTEE REVIEWS AND APPROVES THE DISTRIBUTION ON A QUARTERLY BASIS. 45434 139712 THE DEI LEADERSHIP ACADEMY WAS ESTABLISHED FOR FINANCIAL PROFESSIONALS AND IS DESIGNED TO INSPIRE AND EMPOWER FINANCIAL PROFESSIONALS TO LEAD WITH A MINDSET OF DIVERSITY, EQUITY, AND INCLUSION TO BETTER REPRESENT AND SERVE THE GLOBAL COMMUNITIES WE SERVE. 471306 777126 CONFERENCES WERE HELD DURING THE YEAR TO PROMOTE INTERNSHIP AND MENTORSHIP PROGRAMS AND TO CREATE OPPORTUNITIES FOR VARIOUS CREDIT UNIONS AND CREDIT UNION PROVIDERS TO MEET AND WORK WITH ONE ANOTHER. 810185 27053 1202080 810185 27053 1202080 1430817 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 1 0 0 1 0 0 0 GA X X CATHRYN SATTIEWHITE 6785875111 PO BOX 392136 SNELLVILLE GA 30039 X WHITNEY M ANDERSON CHAIR 2.00 X 0 0 0 PRISCILLA AWKARD VICE CHAIR 2.00 X 0 0 0 DELANA HULING SECRETARY 2.00 X 0 0 0 MARVIN T YORK TREASURER 2.00 X 0 0 0 JOHN BISSELL DIRECTOR 2.00 X 0 0 0 SHARON CAMPER DIRECTOR 2.00 X 0 0 0 MAURICE DAWKINS DIRECTOR 2.00 X 0 0 0 SHARON GRIEGER DIRECTOR 2.00 X 0 0 0 TY MUSE DIRECTOR 2.00 X 0 0 0 GARY J PEREZ DIRECTOR 2.00 X 0 0 0 ADRIAN JOHNSON DIRECTOR EMERITUS 2.00 X 0 0 0 TIMOTHY ANDERSON DIRECTOR EMERITUS 2.00 X 0 0 0 CATHRYN SATTIEWHITE PRESIDENT/CEO 40.00 X 183098 0 3056 DOHNIA DORMAN CHIEF EXPERIENCE OFFICER 40.00 X 105280 0 1400 GRACE SANCHEZ SPECIAL ASSISTANT TO THE PRESIDENT 40.00 X 100953 0 0 389331 0 4456 3 0 1 0 IMPACT FOCUS LLC 4226 SQUAW CREEK DRIVE FRISCO TX 75035 CONSULTING SERVICES 145129 1 57471 57471 CONFERENCE DUES 900099 988770 988770 CORPORATE PARTNER SUPP 900099 709932 709932 FUTURE FUND INCOME 900099 512090 512090 MEMBERSHIP INCOME 900099 226688 226688 2437480 16191 16191 IN-KIND DONATION (RENT 900099 105560 105560 OTHER INCOME 900099 14306 14306 119866 2631008 2557346 0 16191 X 27053 27053 389331 225497 87273 76561 373341 216236 83689 73416 62284 36074 13962 12248 138310 80108 31004 27198 13609 13609 281972 205499 76473 41943 24693 17250 270932 267599 3333 33887 33887 105560 105560 165612 33122 132490 40197 7337 3514 29346 5652 5652 CO-OP LEARNING TRIP 216688 216688 ANNUAL CONFERENCE 164757 164757 FUTURE FUND 148892 103892 45000 EVENT/PROGRAM EXPENSES 89861 89861 59283 59283 2629164 1430817 750032 448315 148879 509086 243637 686148 11504 43822 121115 121115 0 0 48487 118794 452507 1357850 60380 153297 175000 985582 235380 1138879 X 105365 -268489 111762 487460 217127 218971 452507 1357850 1844 0 X X 1 X 0 1 0 X 571976 829037 863865 1719450 1611741 5596069 8719 50016 329858 670556 988770 2047919 580695 879053 1193723 2390006 2600511 7643988 0 0 0 7643988 212 3316 2603 10086 16191 32408 212 3316 2603 10086 16191 32408 37470 218354 112323 75896 14306 458349 618377 1100723 1308649 2475988 2631008 8134745 0.93970 0.92370 0.00400 0.00280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 95115 95115 0 26000 26000 0 0 X PART X, LINE 2: THE COALITION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COALITION FOLLOWS THE ACCOUNTING GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COALITION MAY RECOGNIZE A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAXEXEMPT STATUS OF THE COALITION AND POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT. 0 AMERICA'S CREDIT UNION MUSEUM FOUNDATION 420 NOTRE DAME AVE MANCHESTER NH 03102 020472576 501(C)(3) 15000 0 FMV TO SUPPORT AND PRESERVE THE HISTORY AND HERITAGE OF THE US CREDIT UNION MOVEMENT. WORLD COUNCIL OF CREDIT UNIONS INC 5710 MINERAL POINT RD MADISON WI 53705 391143339 501(C)(3) 12053 0 FMV TO SUPPORT ITS MISSION OF HELPING THE WORLD'S WORKING POOR IMPROVE THEIR LIVES THROUGH QUALITY CREDIT UNIONS. 2 0 0 0 0 0 0 0 0 0 0 CATHRYN SATTIEWHITE PRESIDENT/CEO 183098 0 0 0 0 0 0 0 3056 0 186154 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS COMPRISED OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE ORGANIZATION'S MEMBERS. THE NOMINATING COMMITTEE CREATES A SLATE AND RECOMMENDS IT TO THE MEMBERSHIP FOR ELECTION. NOMINATIONS ARE ALSO ALLOWED FROM THE FLOOR AT THE ANNUAL BUSINESS MEETING. FORM 990, PART VI, SECTION A, LINE 7B SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE ORGANIZATION'S MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING FIRM USED TO PREPARE THE 990 IS SELECTED BY VOTE OF THE BOARD OF DIRECTORS. THE RESPONSIBILITY FOR REVIEWING AND SIGNING THE FORM 990 IS DELEGATED TO EITHER THE PRESIDENT/CEO OR THE TREASURER. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING. ALL DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. FORM 990, PART VII: AS OF DECEMBER 31, 2024, THE COALITION HAD ONE VACANT BOARD SEAT. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 193,539. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 64,513. TOTAL EXPENSES 258,052. CONSULTING SERVICE FEES: PROGRAM SERVICE EXPENSES 11,960. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 11,960. TOTAL EXPENSES 23,920. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART X, LINE 10A, 10B AND 10C: LINES 10A AND 10B REFLECT A GROUP OF FIXED ASSETS THAT HAVE BEEN FULLY DEPRECIATED FOR ACCOUNTING PURPOSES, RESULTING IN A NET BOOK VALUE OF ZERO. THESE ASSETS ARE STILL IN USE IN THE ORGANIZATION'S BUSINESS. WHILE THE ASSETS HAVE REACHED A ZERO NET BOOK VALUE, THEY WERE NOT EXPLICITLY ITEMIZED OR REPORTED ON PRIOR YEARS' TAX RETURNS, AS THE TAX BASIS WAS ALSO ZERO DUE TO FULL DEPRECIATION IN PRIOR PERIODS NOT REQUIRING DETAILED DISCLOSURE AT THAT TIME. WE ARE NOW DISCLOSING THE EXISTENCE OF THESE ASSETS TO MAINTAIN ACCURATE FIXED ASSET RECORDS. WE HAVE ALSO DISCLOSED THIS ON SCHEDULE D, PART VI.