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Worldwide Foundation for Credit Unions Inc

EIN 39-6093210 · Madison, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak35 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 45% of its spending went to programs.
  • Raising each dollar of donations cost 57 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE WORLDWIDE FOUNDATION FOR CREDIT UNIONS (WFCU) BRIDGES CREDIT UNION GAPS THROUGH SHARED GLOBAL JOURNEYS TO STRENGTHEN CREDIT UNIONS AND GROW FINANCIAL INCLUSION WORLDWIDE.

Income
$2.2 million
Spending
$3.0 million
Spent on programs
45%
Reserves
3.6 months of spending
Largest source of income
donations and private grants, 95%
Employees
0
Volunteers
13
Highest pay
$572,732, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 35 out of 100. Higher than 4% of charities in its peer group (international, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.6 months of spending.

  • Debt

    5 of 20

    It owes 56% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 35% of income.

  • Income trend

    10 of 15

    Income fell 3% on the year before.

  • Spending floor

    0 of 15

    45% of spending went to programs and raising each dollar of donations cost 57 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 61% of charities in its peer group (international, $1m to $10m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $234,602 spent. PROJECT STORM BREAK:THROUGH ITS CREDIT UNION DISASTER RELIEF INITIATIVE, PROJECT STORM BREAK, WFCU PROVIDED CRISIS RELIEF AND RECOVERY FUNDING TO OVER 1,200 INDIVIDUALS. IN BRAZIL, $32,000 SUPPORTED FLOOD RECOVERY, INCLUDING SHELTER SUPPLIES FOR 550 STUDENTS. IN UKRAINE, $150,000 AIDED FOOD SECURITY FOR 464 FARMERS THROUGH THE DISTRIBUTION OF AGRICULTURAL TOOLS. IN THE CARIBBEAN, WFCU CONTRIBUTED $5,000 TO SUPPORT CREDIT UNIONS RECOVERING FROM HURRICANE BERYL.
  2. $10,000 spent. GLOBAL WOMEN'S LEADERSHIP NETWORK:CELEBRATING 15 YEARS OF EMPOWERING WOMEN IN THE CREDIT UNION MOVEMENT, GWLN SUPPORTED 760 INDIVIDUALS THROUGH EMPOWERMENT GRANTS AND AWARDED SCHOLARSHIPS TO FOUR WOMEN FROM ESWATINI, KENYA, THE PHILIPPINES, AND THE UNITED STATES. GRANTS IN KENYA AND MONGOLIA DIRECTLY IMPROVED FINANCIAL INCLUSION AND WOMEN'S LIVELIHOODS IMPACTING OVER 700 DAIRY FARMERS IN KENYA AND ATTRACTING OVER 2,500 USERS TO A SUSTAINABLE FINANCE MARKETPLACE IN MONGOLIA. OVER 4,000 PEOPLE ENGAGED THROUGH SISTER SOCIETIES IN 30 COUNTRIES, EXPANDING THE NETWORK'S GLOBAL FOOTPRINT.
  3. $173,377 spent. WORLD'S CREDIT UNION YOUNG PROFESSIONALS NETWORK:WYCUP FOSTERED THE NEXT GENERATION OF CREDIT UNION LEADERS BY HOSTING OVER 600 PARTICIPANTS THROUGH EVENTS LIKE CONNEXION, THE EMERGING LEADERS' SUMMIT, AND A JOINT FORUM AT THE 2024 WORLD CREDIT UNION CONFERENCE. THE PROGRAM EXPANDED EDUCATIONAL ACCESS, MENTORSHIP, AND GLOBAL NETWORKING FOR YOUNG PROFESSIONALS FROM OVER 70 COUNTRIES.
  4. $911,287 spent. GLOBAL BRIDGES FACILITATES CROSS-BORDER LEARNING AND COLLABORATION AMONG CREDIT UNIONS. IN 2024, WFCU ORGANIZED THREE PEER EXCHANGE VISITS. IN PERU AND ECUADOR, U.S. CREDIT UNION PROFESSIONALS EXPLORED SOLUTIONS FOR ADVANCING FINANCIAL INCLUSION FOR VENEZUELAN MIGRANTS THROUGH CREDIT UNIONS AND ENTREPRENEURSHIP. IN AUSTRALIA AND NEW ZEALAND, VIRGINIA CREDIT UNION ENGAGED WITH PEERS ON REGULATION AND SOCIAL IMPACT. IN IRELAND, PVKS CREDIT UNION OF UKRAINE PARTICIPATED IN LENDING, ANALYTICS, AND MEMBER SERVICE LEARNING SESSIONS WITH DUNDALK CREDIT UNION. WFCU ALSO SUPPORTED WOCCU'S HUB C PILOT WITH CB COOPERATIVA IN ECUADOR, LAUNCHING A MACHINE-LEARNING CREDIT SCORING ALGORITHM TO IMPROVE LENDING. ADDITIONALLY, THROUGH THE USAID/WOCCU ECONOMIC INCLUSION PROJECT, WFCU HELPED 30 VENEZUELAN MIGRANTS IN PERU AND ECUADOR, 14 RECEIVED BUSINESS GRANTS AND 16 OBTAINED PROFESSIONAL RE-CERTIFICATION SUPPORT.THE GLOBAL DE PROGRAM ADVANCES THE COOPERATIVE PRINCIPLES OF CREDIT UNIONS THROUGH EDUCATION AND LEADERSHIP CERTIFICATION. IN 2024, WFCU SUPPORTED THE GRADUATION OF 25 NEW INTERNATIONAL CREDIT UNION DEVELOPMENT EDUCATORS (ICUDES) FROM COUNTRIES ACROSS AFRICA, EUROPE, THE CARIBBEAN, AND THE UNITED STATES. THESE GRADUATES ARE EMPOWERED TO LEAD GLOBAL DEVELOPMENT EFFORTS WITHIN THE CREDIT UNION MOVEMENT AND DEEPEN THE IMPACT OF INTERNATIONAL COOPERATIVE EDUCATION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1966.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.