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African American Credit Union Coalition

EIN 57-1091138 · Snellville, GA

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

LegitimacyPassesRegistration and standingFinancial healthWeak29 out of 100GovernanceFair66 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 780 cents.

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

What it says it does

AFRICAN AMERICAN CREDIT UNION COALITION'S MISSION STATEMENT IS TO INCREASE DIVERSITY WITHIN THE CREDIT UNION COMMUNITY THROUGH ADVOCACY AND PROFESSIONAL DEVELOPMENT.

Income
$2.6 million
Spending
$2.6 million
Spent on programs
54%
Reserves
-1.2 months of spending
Largest source of income
fees for its services, 93%
Employees
10
Volunteers
12
Highest pay
$186,154, 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: 29 out of 100. Higher than 4% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 84% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    0 of 15

    54% of spending went to programs and raising each dollar of donations cost 780 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

Fair: 66 out of 100. Higher than 17% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no 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

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • 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 (3)
  1. $103,892 spent. 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.
  2. $45,434 spent. 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.
  3. $471,306 spent. 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.

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 October 13, 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 November 6, 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 October 13, 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 October 13, 2026.

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

    Recognized by the IRS since April 2003.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 November 4, 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.