EIN 95-2642719

National Association of Federally-Insured Credit Unions (NAFCU)

IRS 501(c) type
501(c)(6)
Num. employees
71
Year formed
1967
Most recent tax filings
2022-12-01
NTEE code, primary
Description
NAFCU is a direct membership association for federally-insured credit unions. We are committed to representing, assisting, educating and informing our member credit unions to help them grow, and help grow the credit union industry.
Also known as...
National Association of Federal Credit Unions; Nat'l Association of Fed-Insured Credit Unions; Nat'l Association of Fed-Ins Cus
Total revenues
$21,551,977
2022
Total expenses
$19,826,935
2022
Total assets
$33,547,313
2022
Num. employees
71
2022

Program areas at NAFCU

Communicationslegislativeregulato... keeps members up-to-date on all of the rules and laws gonverning Credit Unions as well as providing compliance assistance.
Products & services: includes the nafcu journal, a bi-monthly periodical about trends in Credit Unions and other publication such as the weekly update newsletter and regulatory alerts published for members. Also included are various training resources available to both members and the general public.
Membership educational conferences: nafcu holds an annual conference that allows members to learn about the latest news, advances in technology, and innovative products for Credit Unions. In addition, nafcu holds numerous other educational conferences designed to educatemembers on more specialized topics.
2022 accomplishmentsnafcu continues to fight to secure regulatory relief and flexibility for Credit Unions and in 2022 remained committed to creating a legislative and regulatory environment that allows Credit Unions - and their 135 million members - to thrive. Our bold advocacy blueprint aimed to create regulatory relief, foster Credit union innovation, grow membership, and level the playing field between Credit Unions, large banks, and underregulated market participants. This strategy secured several key wins for the industry and american consumers.nafcu fought back against bankers' attacks by continuing efforts under the award-winning big bank bullies campaign to highlight the difference between community-focused Credit Unions and profit-seeking banks. We also advocated against legislative efforts to extend debit interchange routing requirements to Credit cards and grant the ncua with expanded third-party vendor authority.in addition, nafcu secured the introduction of, and bipartisan support for, multiple pieces of legislation to provide Credit Unions with more flexibility, including the fully enacted Credit union governance modernization act (cugma).on the regulatory front, nafcu strongly opposed the consumer financial protection bureau's (cfpb) efforts to expand the scope of regulation e and hold financial institutions liable for fraud on peer-to-peer platforms. We also advocated for the cfpb to consider additional ways to supervise nonbank fintech companies, limiting risks to consumers and creating a fairer regulatory environment.nafcu led efforts to ensure the National Credit union administration (ncua) allowed Credit Unions to use distributed ledger technologies and successfully secured the agency's release of additional guidance on how Credit Unions can better adopt digital assets and emerging financial technologies.at nafcu, the Association's regulatory compliance team answered more than 6,000 questions from members via the direct compliance assistance program - answering all questions within one business day to continue our prioritization of extreme member service. In addition to our compliance hotline, the team authored numerous blogs, articles, and other tools to provide valuable compliance analysis and resources to nafcu members.to provide our members with the industry's best educational opportunities, our education and events teams curated 12 conferences and events, delivering forward-thinking content designed to equip Credit Unions with the tools needed to grow and serve members straight to attendees. Additionally, our online training center continued to be highly utilized, offering weekly live and on-demand webinars on the industry's most prominent issues; it remains a valuable opportunity for Credit union staff to stay up to date on the latest trends. Throughout the year, nearly 5,000 Credit union industry professionals streamed more than 16,000 hours almost 2 years' worth of content.nafcu provides the industry's leading ace advocacy, compliance, and education and we are dedicated to delivering on our promises for the benefit of our members and the 135 million americans they serve.

Grants made by NAFCU

GranteeGrant descriptionAmount
Nafcu Fndtn for Charitable Literary Educational and Humanitarian PurposesGeneral Support$49,900
Children's Miracle Network Hospitals (CMN Hospitals)Match of Pac Donations Program - Pledge Owed Not Paid, Not Tax Deductible Per Fec$27,948
PeaceHealth Sacred Heart Medical Center FoundationMatch of Pac Donations Program - Pledge Owed Not Paid, Not Tax Deductible Per Fec$17,371
...and 11 more grants made

Personnel at NAFCU

NameTitleCompensation
R Dan BergerPresident and Chief Executive Officer
Anthony DemangoneExecutive Vice President and Chief Operating Officer$516,997
Curt LongDirector of Research and Chief Economist
Gregory JohnsVice President , Finance$240,405
Paul TimmVice President of Marketing , Nafcu Services Corporation
...and 18 more key personnel

Financials for NAFCU

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,304,279
Program services$19,617,854
Investment income and dividends$313,024
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$206,552
Net gain from sale of non-inventory assets$4,020
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$106,248
Total revenues$21,551,977

Form 990s for NAFCU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-15990View PDF
2021-122022-05-11990View PDF
2020-122021-06-30990View PDF
2019-122020-09-02990View PDF
2018-122019-07-23990View PDF
...and 9 more Form 990s
Data update history
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 5 new personnel
June 29, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 13, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacyAuction fundraisers
General information
Address
3138 10th St N 300
Arlington, VA 22201
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
nafcu.org/ 
Phone
(703) 842-2211
Facebook page
nafcu 
Twitter profile
@nafcu 
IRS details
EIN
95-2642719
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1967
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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