National Credit Union Foundation
 |
|
| Abbreviation | the Foundation |
|---|---|
| Formation | 1980 |
| Type | 501(c)(3) |
| Purpose | "Making financial freedom achievable through credit unions." |
| Headquarters | Madison, Wisconsin |
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Executive Director
|
Gigi Hyland |
|
Budget
|
$5,809,644 |
| Mission | The National Credit Union Foundation is "a catalyst to improve people’s financial lives through credit unions." |
| Website | ncuf.coop |
The National Credit Union Foundation (the Foundation) is the charitable arm of America's credit union movement and works as a catalyst to improve people's financial lives through credit unions. The Foundation is an affiliate of the Credit Union National Association (CUNA) and is located in CUNA's offices in Madison, Wisconsin as well as in Washington, DC. In 2015, the Foundation unveiled a new logo, shorthand ("the Foundation" in place of "NCUF") and website.
The Foundation is a 501(c)(3) tax-exempt charitable organization governed by a volunteer Board of Directors composed of executives from the credit union movement as well as an at-large representative.
Through grants and programs, the Foundation is working to strengthen financial well-being via Biz Kid$ and other programs, instilling knowledge about the credit union difference through the DE Program and other mechanisms, and uniting resources to help credit union people during disaster via CUAid.
DE Training is an intensive program which provides lessons in cooperative principles, credit union philosophy and international development issues while incorporating current credit union challenges. During the week-long DE Training, participants are involved in group exercises, field trips, encouraged to ask questions of visiting speakers, and are required to complete team projects proposing solutions for credit unions to help alleviate or eliminate challenging situations in any given area. Since 1982, more than 1,600 credit union advocates from over 35 countries have graduated from the Foundation's DE Training to become Credit Union Development Educators (CUDEs). The Foundation now holds four trainings a year.
The Foundation works to help credit unions improve the financial well-being of their members through financial education, counseling, tools and other resources.
For example, the Foundation now offers:
Biz Kid$ is a PBS television series devoted to financial education for children. The overall objective of Biz Kid$ is to engage young people and help them develop life skills in the areas of financial literacy and entrepreneurship. The initiative includes an Emmy award-winning television series, free classroom curriculum, outreach activities, and a website targeting kids 9 – 16 years old. It is the first national public television series promoting financial education for elementary through high school students and was created by the same team that produced “Bill Nye the Science Guy”.
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