2021-05-11T13:04:57-05:00 2020-12-31 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-01-01 952642719 NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS INC NATI 7035224770 3138 10TH ST NORTH NO 300 ARLINGTON VA 22201 B DAN BERGER PRESIDENT AND CEO 7035224770 2021-05-11 1 B DAN BERGER XXX-XX-XXXX MIKE SORRELLS P00001737 2022932200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NAT'L ASSN OF FED INSURED CREDIT UNIONS B DAN BERGER 3138 10TH ST NORTH NO 300 ARLINGTON VA 22201 20060946 0 X WWW.NAFCU.ORG X 1967 CA THE NATIONAL ASSOCIATION OF FEDERALLY-INSURED CREDIT UNIONS (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. AND TO US, IT'S PERSONAL. 11 11 63 20 651992 67780 793127 860566 17660823 14951434 652967 384949 280896 297764 19387813 16494713 190294 147941 0 0 10406138 11260917 0 0 0 7869650 4310015 18466082 15718873 921731 775840 28576772 28427503 14141374 13237254 14435398 15190249 X TO STRENGTHEN CREDIT UNIONS BY PROVIDING THE BEST FEDERAL ADVOCACY, EDUCATION AND COMPLIANCE ASSISTANCE IN THE INDUSTRY. 0 1 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 EDUCATE MEMBERS ON MORE SPECIALIZED TOPICS. COMMUNICATIONS/LEGISLATIVE/REGULATORY/COMPLIANCE: KEEPS MEMBERS UP-TO-DATE ON ALL OF THE RULES AND LAWS GOVERNING 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. 2020 ACCOMPLISHMENTSBY PROVIDING THE INDUSTRY'S LEADING ACE ADVOCACY, COMPLIANCE, AND EDUCATION NAFCU IS COMMITTED TO HELPING OUR MEMBERS OVERCOME CHALLENGES TO THRIVE. WE WORK DAILY TO OBTAIN EFFECTIVE REGULATION THAT SUPPORTS YOUR OPERATIONS AND ENSURE POLICYMAKERS RECOGNIZE THE BENEFITS OF CREDIT UNION MEMBERSHIP.HERE'S WHAT WE ACCOMPLISHED IN 2020.ADVOCACY: DEMONSTRATING THE NEED FOR RELIEF AND FLEXIBILITYNAFCU'S COMMITMENT TO SECURING REGULATORY RELIEF AND FLEXIBILITY FOR CREDIT UNIONS BECAME EVEN MORE IMPORTANT IN 2020 AS THE INDUSTRY FACED COUNTLESS OPERATIONAL CHALLENGES STEMMING FROM THE CORONAVIRUS PANDEMIC. OUR BOLD ADVOCACY STRATEGY SECURED SEVERAL KEY WINS THROUGHOUT 2020 TO ENSURE CREDIT UNIONS AND THEIR 124 MILLION MEMBERS' NEEDS WERE ADDRESSED AMID THE PANDEMIC AND BEYOND.BUSINESS LENDINGMAIN STREET BUSINESSES WERE AMONG THE HARDEST HIT BY THE CORONAVIRUS PANDEMIC. WE ENSURED THE PAYCHECK PROTECTION PROGRAM (PPP) INCLUDED CREDIT UNIONS AS LENDERS AND SECURED SET-ASIDE FUNDING TO MEET CREDIT UNION MEMBERS' SMALL BUSINESS LOAN NEEDS. AS A RESULT OF OUR ADVOCACY TO SECURE CREDIT UNIONS' ABILITY TO LEND THROUGH THE PPP, MORE THAN 700 CREDIT UNIONS PROVIDED ROUGHLY 68,000 PPP LOANS TO SMALL BUSINESSES IN 2020, TOTALING MORE THAN $3 BILLION.TO FURTHER SUPPORT CREDIT UNIONS' SMALL BUSINESS LENDING, OUR ADVOCACY SECURED THE INTRODUCTION OF BIPARTISAN LEGISLATION IN BOTH THE HOUSE AND SENATE TO EXCLUDE PANDEMIC RECOVERY SMALL BUSINESS LOANS FROM THE MEMBER BUSINESS LENDING (MBL) CAP. THE ASSOCIATION'S EFFORTS ALSO RALLIED SUPPORT FROM MORE THAN 60 MEMBERS OF CONGRESS FOR THIS MBL RELIEF TO BE INCLUDED IN CORONAVIRUS RELIEF PACKAGES.IN ADDITION, NAFCU PRESIDENT AND CEO DAN BERGER SIGNED A TWO-YEAR MEMORANDUM OF UNDERSTANDING (MOU) WITH EXPORT-IMPORT BANK (EXIM) PRESIDENT AND CHAIRMAN KIMBERLY REED AIMED AT INCREASING CREDIT UNION AWARENESS OF EXPORT FINANCING OPPORTUNITIES OFFERED BY THE AGENCY AND CREDIT UNIONS' PARTICIPATION IN THEM. REED ALSO TOUTED THE AGENCY'S WORK WITH THE CREDIT UNION INDUSTRY DURING A HEARING BEFORE THE SENATE BANKING COMMITTEE.FLEXIBILITY TO SUPPORT MEMBERSCREDIT UNIONS HAVE A HISTORY OF STEPPING UP TO SUPPORT MEMBERS DURING FINANCIAL HARDSHIPS, AND ECONOMIC CRISIS BROUGHT ON BY THE PANDEMIC WAS NO DIFFERENT. WE CONSISTENTLY SHARED HOW CREDIT UNIONS WERE VOLUNTARILY HELPING MEMBERS THROUGH SKIP-A-PAY PROGRAMS, WAIVED FEES, LOW- OR NO-INTEREST LOANS, LOAN MODIFICATIONS, AND NO INTEREST ACCRUALS TO SECURE CONGRESSIONAL AND REGULATORY SUPPORT OF ADDITIONAL RELIEF AND FLEXIBILITIES.NAFCU'S EFFORTS:- SAW THE NCUA AND CFPB GRANT FLEXIBILITY AND RELIEF FOR EXAMINATIONS AND REPORTING REQUIREMENTS, AND THE AGENCIES INITIATED EFFORTS TO IMPROVE EXAMINATION COORDINATION;- SAW LAWMAKERS AND REGULATORS SEEK RELIEF FOR CREDIT UNIONS UNDER THE FINANCIAL ACCOUNTING SERVICES BOARD'S (FASB) CURRENT EXPECTED CREDIT LOSS (CECL) STANDARD TO PREVENT ACCESS TO CREDIT FROM BEING HINDERED DURING THE PANDEMIC OR RECOVERY;- SECURED THE FEDERAL RESERVE LIFTING ITS SIX-PER-MONTH TRANSFER LIMIT ON CONSUMERS' SAVINGS ACCOUNTS UNDER REGULATION D;- OBTAINED A FOUR-MONTH LIMIT FROM THE FEDERAL HOUSING FINANCE AGENCY (FHFA) ON THE NUMBER OF PRINCIPAL AND INTEREST PAYMENTS CREDIT UNIONS MUST COVER ON BEHALF OF THEIR BORROWERS IN FORBEARANCE FOR GOVERNMENT-BACKED MORTGAGE LOANS;- CONTINUED TO RAISE AWARENESS AND BUILD SUPPORT FOR FEDERAL CREDIT UNION ACT REFORMS NEEDED TO ALLOW ALL CREDIT UNIONS TO ADD UNDERSERVED AREAS TO THEIR FIELDS OF MEMBERSHIP; AND- ATTAINED TROUBLED DEBT RESTRUCTURING FLEXIBILITY VIA LEGISLATIVE PROVISIONS.CAPITAL AND LIQUIDITYAS ECONOMIC STIMULUS AND RELIEF PROVISIONS CAUSED UNEXPECTED SHARE GROWTH AMONG THE INDUSTRY, NAFCU URGED THE NCUA AND CONGRESS TO TAKE ACTION TO PROVIDE CREDIT UNIONS WITH MORE SPECIALIZED AND FLEXIBLE PARAMETERS FOR MEETING CERTAIN CAPITAL AND SUPERVISORY REQUIREMENTS. CONGRESS PROVIDED THE NCUA WITH FLEXIBILITY TO ALLOW CREDIT UNIONS GREATER ACCESS TO THE CENTRAL LIQUIDITY FACILITY (CLF) TO HELP ALLEVIATE LIQUIDITY CONCERNS. WE ALSO ADVOCATED FOR ALLOWING ADDITIONAL INVESTMENT OPPORTUNITIES, REFORMS TO CAPITAL-RELATED RULES, AND URGED THE NCUA TO REFRAIN FROM CHARGING CREDIT UNIONS A SHARE INSURANCE FUND PREMIUM BASED ON YEAR-END FINANCIALS.AS THE NATION LOOKS TOWARD RECOVERY FROM THE CRISIS, NAFCU WILL CONTINUE TO FIGHT FOR CREDIT UNIONS TO ENSURE THE INDUSTRY HAS THE TOOLS AND FLEXIBILITY NEEDED TO SUPPORT MEMBERS ON THE PATH TOWARD A BRIGHTER FUTURE.COMPLIANCE: GUIDING CREDIT UNIONS THROUGH THE PANDEMICOUR REGULATORY COMPLIANCE TEAM WORKS DAILY TO EQUIP CREDIT UNIONS WITH THE TOOLS AND RESOURCES NECESSARY TO ENSURE COMPLIANCE AT THEIR FINANCIAL INSTITUTION. IN 2020, THE TEAM ANSWERED MORE THAN 8,000 MEMBER QUESTIONS THROUGH OUR DIRECT COMPLIANCE ASSISTANCE PROGRAM AND PUBLISHED MORE THAN 100 FORWARD-THINKING BLOG POSTS, ARTICLES, CHARTS, GUIDES AND TOOLS IN EFFORTS TO ASSIST CREDIT UNIONS IN OVERCOMING COMPLIANCE CHALLENGES AMID THE CORONAVIRUS PANDEMIC. MOST IMPORTANTLY, EACH QUESTION RECEIVED WAS RESPONDED TO WITHIN ONE BUSINESS DAY, ENSURING THAT MEMBERS RECEIVED THE INFORMATION THEY NEEDED QUICKLY AND EFFICIENTLY.IN 2020, WE CONTINUED OUR WORK TO OBTAIN CLEAR, DIRECT GUIDANCE FOR CREDIT UNIONS AS NEW CHALLENGES AROSE WITH THE ONSET OF THE CORONAVIRUS PANDEMIC.WHILE OUR ADVOCACY TEAM SOUGHT RELIEF FOR CREDIT UNIONS AMID THE CRISIS, THE COMPLIANCE TEAM REMAINED DEDICATED TO EDUCATING MEMBERS ON THE REGULATORY AND LEGISLATIVE CHANGES THAT CAME ABOUT WHEN NEW RELIEF WAS INTRODUCED. THIS WAS ACCOMPLISHED THROUGH DEDICATED BLOG POSTS, ANSWERING OVER 1,600 QUESTIONS RELATED TO THE PANDEMIC, AND COORDINATION WITH THE NCUA AND CFPB. ONE OF THE MOST IMPORTANT TOPICS OUR COMPLIANCE TEAM TACKLED IN 2020 WAS HOW CREDIT UNIONS SHOULD PROCESS THE ECONOMIC IMPACT PAYMENTS (EIPS) THAT ELIGIBLE MEMBERS WOULD RECEIVE AS PART OF PANDEMIC RELIEF.WE ALSO TRACKED SEVERAL REGULATORY LITIGATION EFFORTS HAPPENING IN COURT SYSTEMS AROUND ACROSS THE COUNTRY RELATED TO A VARIETY OF TOPICS AND CONTINUED TO UPDATE MEMBERS ON ONGOING LITIGATION RELATING TO OVERDRAFT AND INSUFFICIENT FUNDS FEES. THE TEAM DELIVERED NEED-TO-KNOW UPDATES AS THEY OCCURRED TO CREDIT UNIONS VIA BLOGS AND NETWORK INSIGHT POSTS. WE ALSO FILED AN AMICUS BRIEF WITH THE SUPREME COURT IN SUPPORT OF A NARROW INTERPRETATION OF THE DEFINITION OF AN AUTODIALER TO ENSURE CREDIT UNIONS CAN CONTACT MEMBERS WITH IMPORTANT, TIMELY FINANCIAL INFORMATION WITHOUT FEAR OF FRIVOLOUS LITIGATION.ADDITIONALLY, IN RESPONSE TO THE SEVERAL TOPICS OF INTEREST THAT AROSE OUT OF THE CORONAVIRUS PANDEMIC AND SOME OF THE LEGISLATIVE RESPONSES TO THE PANDEMIC, OUR TEAM ENSURED CREDIT UNIONS WOULD HAVE THE RESOURCES NEEDED TO REMAIN COMPLIANT AND PREPARED MOVING FORWARD. WE CONTINUED TO SUPPORT MEMBERS WHO HAD CONCERNS AND QUESTIONS ABOUT VARIOUS TOPICS RELATED TO CORONAVIRUS SUPPORT, INCLUDING SKIP-A-PAYS, APPRAISALS, AND OFFERING FORBEARANCE.THE CREDIT UNION INDUSTRY SAW SIGNIFICANT CHALLENGES THROUGHOUT THE YEAR, AS CHANGES WERE MADE IN THE LEGISLATIVE AND REGULATORY SPACE TO ENSURE CREDIT UNIONS COULD CONTINUE TO PROVIDE FOR THEIR MORE THAN 124 MILLION MEMBERS. IN THE EVER-CHANGING REGULATORY ENVIRONMENT, NAFCU'S COMPLIANCE TEAM STANDS READY TO ASSIST AS CREDIT UNIONS MOVE FORWARD AND THE INDUSTRY AND NATION BEGIN TO REBUILD. EDUCATION: BRIDGING THE SOCIAL DISTANCED GAP THROUGH VIRTUAL TRAININGOUR EDUCATION TEAM PROVIDES CREDIT UNIONS WITH THE BEST TRAINING OPPORTUNITIES AVAILABLE FOR EMPLOYEES AT ANY LEVEL. AS THE PANDEMIC BEGAN TO SHIFT IN-PERSON OFFERINGS TO THE VIRTUAL SPACE, OUR TEAM PIVOTED QUICKLY AND EFFICIENTLY, WORKING TO PROVIDE CREDIT UNIONS WITH TOP-NOTCH EDUCATION EASILY ACCESSED WITHOUT LEAVING THE HOUSE. IN 2020, WE OFFERED 10 VIRTUAL CONFERENCES AND EVENTS, DELIVERING FORWARD-THINKING CONTENT DESIGNED TO EQUIP CREDIT UNIONS WITH THE TOOLS NEEDED TO GROW AND SERVE MEMBERS STRAIGHT TO ATTENDEES. OF THESE 10 VIRTUAL EVENTS, WE LAUNCHED A LANDMARK STATE OF THE INDUSTRY EVENT, ATTRACTING MORE THAN 1,500 REGISTRANTS AND CONNECTING THE CREDIT UNION INDUSTRY WITH KEY POLICYMAKERS VIRTUALLY. IN ADDITION, WE VIRTUALLY MET WITH HUNDREDS OF CREDIT UNION EXECUTIVES DURING OUR 50-STATE, CROSS-COUNTRY ROADSHOW TO DISCUSS STATE-SPECIFIC REGULATORY CHALLENGES POSED BY THE CORONAVIRUS PANDEMIC. OUR ONLINE TRAINING CENTER CONTINUES TO BE HIGHLY UTILIZED, OFFERING LIVE AND ON-DEMAND WEBINARS ON THE MOST IMPORTANT ISSUES WEEKLY. IT REMAINS A VALUABLE OPPORTUNITY FOR CREDIT UNION STAFF TO STAY UP-TO-DATE ON THE LATEST TRENDS. IN FACT, THROUGHOUT THE YEAR, OVER 5,400 CREDIT UNION INDUSTRY PROFESSIONALS STREAMED MORE THAN 18,000 HOURS OF CONTENT. CONTINUED: FOLLOWING THE SUCCESS OF THE THREE EXISTING NAFCU NETWORKS IN 2019, WE CREATED FOUR NEW NETWORKS IN 2020: THE NAFCU CEO, CYBERSECURITY & IT, HUMAN RESOURCES, AND MARKETING & GROWTH NETWORKS. THESE FREE, MEMBER-ONLY ONLINE COMMUNITIES WERE DEVELOPED EXCLUSIVELY FOR CREDIT UNION PROFESSIONALS TO CONNECT WITH OTHERS WHO SERVE IN SIMILAR ROLES TO SHARE BEST PRACTICES AND PROBLEM SOLVE IN AN INFORMAL SETTING. WE'VE SEEN INCREDIBLE SUCCESS ACROSS ALL SEVEN AND WILL CONTINUE TO STRIVE TOWARD CONNECTING EVEN MORE LEADERS WITHIN THE INDUSTRY.AS ALWAYS, EACH OF OUR CONFERENCES AND ONLINE TRAININGS ARE OPPORTUNITIES FOR CREDIT UNION PROFESSIONALS TO EARN CREDITS FOR PRESTIGIOUS DESIGNATIONS, INCLUDING THE AWARD-WINNING NAFCU CERTIFIED COMPLIANCE OFFICER (NCCO), NAFCU CERTIFIED BANK SECRECY OFFICER (NBCSO), NAFCU CERTIFIED RISK MANAGER (NCRM), AND NAFCU CERTIFIED VOLUNTEER EXPERT (NCVE). OUR DEDICATION TO KEEPING CREDIT UNIONS INFORMED REMAINS CONSTANT AND THE DYNAMIC NATURE OF OUR EDUCATIONAL OFFERINGS STAYED THE COURSE THROUGH THE CORONAVIRUS PANDEMIC. MEDIA: TELLING THE CU STORY IN NATIONAL NEWSNAFCU'S COMMUNICATIONS AND MARKETING TEAMS CONTINUE TO FIND INNOVATIVE WAYS TO PROMOTE THE ASSOCIATION AND ITS MEMBERS IN THE MEDIA. DURING AN UNPRECEDENTED YEAR, NAFCU ENSURED THAT THE WORK CREDIT UNIONS WERE DOING TO ASSIST THEIR MEMBERS AND COMMUNITIES WAS NATIONALLY RECOGNIZED. THE ASSOCIATION WAS REFERENCED IN MORE THAN 1,300 NEWS ARTICLES IN 2020, INCLUDING 130 NATIONAL MENTIONS IN SUPPORT OF THE CREDIT UNION INDUSTRY AND NAFCU'S PRIORITIES. NAFCU ALSO PUBLISHED 17 OP-EDS IN KEY NATIONAL, D.C., AND TRADE MEDIA OUTLETS, INCLUDING MORNING CONSULT, CEO WORLD, AND AMERICAN BANKER, AND WAS FEATURED IN A SPREAD IN BUSINESS VIEW MAGAZINE ON THE ASSOCIATION'S GROWTH AND LEADERSHIP. OF NOTE, THE ASSOCIATION MADE FOUR PODCAST APPEARANCES ON THE NONPROFIT LEADERSHIP PODCAST, MARKETPLACE'S MORNING REPORT, AND THE CUINSIGHT EXPERIENCE. ADDITIONALLY, NAFCU WAS FEATURED IN FIVE TELEVISION APPEARANCES. PRESIDENT AND CEO DAN BERGER JOINED CNN INTERNATIONAL'S QUEST MEANS BUSINESS TO DISCUSS THE IMPACT OF THE CORONAVIRUS ON THE U.S. AND GLOBAL ECONOMIES, AS WELL AS ONE AMERICAN NEWS NETWORK'S THE DAILY LEDGER. DURING THE YEAR, CHIEF ECONOMIST AND VP OF RESEARCH CURT LONG APPEARED ON FOX NEWS @ NIGHT WITH SHANNON BREAM AND FOX NEWS' AMERICA NEWS HQ. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 31 0 1 63 1 1 1 0 0 0 1 1 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X NAFCUGREG JOHNS VP OF FINANCE 7038422831 3138 10TH ST NORTH ARLINGTON VA 22201 JEANNE KUCEY CHAIR THRU 6/2020 1.00 X X 0 0 0 DEBRA SCHWARTZ VICE CHAIR THRU 6/20, CHAIR BEG 6/20 1.00 X X 0 0 0 THOMAS W DEWITT TREASURER THRU 6/20, VICE CHAIR 6/20 1.00 X X 0 0 0 GARY A GRINNELL SECRETARY THRU 6/20, TREASURER 6/20 1.00 X X 0 0 0 BRIAN T SCHOOLS DIRECTOR THRU 6/20, SECRETARY 6/20 1.00 X X 0 0 0 KAREN C HARBIN DIRECTOR BEG 6/2020 1.00 X 0 0 0 MELANIE KENNEDY DIRECTOR BEG 6/2020 1.00 X 0 0 0 JAMES A KENYON DIRECTOR 1.00 X 0 0 0 LONNIE NICHOLSON DIRECTOR 1.00 X 0 0 0 JAN N ROCHE DIRECTOR 1.00 X 0 0 0 LISA A SCHLEHUBER DIRECTOR 1.00 X 0 0 0 KEITH SULTEMEIER DIRECTOR 1.00 X 0 0 0 DANIEL J WEICKENAND DIRECTOR THRU 6/2020 1.00 X 0 0 0 B DANIEL BERGER PRESIDENT/CEO 50.00 X 1475157 0 51686 ANTHONY DEMANGONE EVP/COO 50.00 X 709883 0 72086 CARRIE HUNT EVP, GOV'T AFFAIRS/GEN.COUNSEL 50.00 X 677415 0 78234 CATHERINE SAFADY VP, MEMBERSHIP & SALES 40.00 X 257308 0 34881 BRADFORD THALER VP, LEGISLATIVE AFFAIRS 40.00 X 241688 0 32716 BRANDY BRUYERE VP, REGULATORY COMPLIANCE 40.00 X 238428 0 49014 GREGORY JOHNS VP, FINANCE 40.00 X 225409 0 28986 JACQUELINE ORTIZ RAMSAY VP, MEDIA RELATIONS & COMMS. 40.00 X 209045 0 47519 4034333 0 395122 35 0 1 0 YORK TELECOM 81 CORBETT WAY EATONTOWN NJ 07724 WEB RECORDING STUDIO SERVICES 502043 BROADPOINT 7501 WISCONSIN AVE BETHESDA MD 20814 IT SERVICES - CONSULTING - DATABASE 123537 HIGHER LOGIC LOCATION 111 PO BOX 645579 PITTSBURGH PA 152645253 IT SERVICES - WEB PRODUCTS AND SERVICES 120404 EMCOR COMBUSTIONEER 4420 LOTTSFORD RD SUITE 1 LANHAM MD 20706 BUILDING MAINTENANCE SERVICES 106284 4 860566 860566 MEMBERSHIP DUES 900004 11497650 11497650 MEMBER EDUCATIONAL CON 611600 2133128 2059188 73940 PRODUCTS AND SERVICES 900004 944124 704719 239405 MANAGEMENT SERVICES 531310 212435 212435 WEBCAST 541800 102400 37885 64515 61697 61697 14951434 302901 302901 2683 2683 191364 0 191364 191364 191364 3648281 3566233 82048 82048 82048 NAFCU SERVICES CORP RE 900003 96370 96370 OTHER INCOME 900099 7347 7347 103717 16494713 14299442 651992 682713 147941 3068010 6363453 504247 783304 541903 19105 55466 400488 241870 642182 694544 520636 143300 676376 532089 75853 OTHER TAXES 130848 TRAINING AND PERSONAL D 121503 SPECIAL PROJECTS 55755 15718873 4790 4790 7295707 3842693 45394 65580 2600201 419197 372360 10459636 8299957 2566366 2159679 16199324 18142842 446220 398083 1599774 841275 28576772 28427503 2842402 2282704 10355777 10639733 943195 314817 14141374 13237254 X 12314071 12698902 2121327 2491347 14435398 15190249 28576772 28427503 X 775840 27148 -48137 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED NAFCU PAC 3138 10TH ST NORTH ARLINGTON VA 22201 541421503 0 16335 1 0 0 PART I-A, LINE 1: THE NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS POLITICAL ACTION COMMITTEE/DBA NAFCU PAC WAS ORGANIZED TO CONDUCT POLITICAL ACTIVITIES ON BEHALF OF THE ASSOCIATION'S MEMBERS. SCHEDULE C, PART I-C, LINE 4 NAFCU DID NOT INCUR EXPENSES THAT WOULD REQUIRE THE FILING OF FORM 1120-POL FOR THE YEAR ENDED DECEMBER 31, 2020. NAFCU PAC FILED A FORM 1120 POL FOR 2020 INVESTMENT INCOME EARNED. 942153 942153 3184668 3074997 109671 3446730 2734652 712078 643533 507160 136373 2242552 1983148 259404 2159679 TENANT DEPOSITS 14349 DEFERRED COMPENSATION 300468 314817 16473724 27148 -48137 -20989 16494713 0 16494713 15718873 0 15718873 0 15718873 PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF SUBSIDIARY -48,137. 1 CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS INC 601 CHILDRENS LANE NORFOLK VA 23507 540506321 501(C)(3) 5202 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC THE UPSTATE FOUNDATION INC 750 E ADAMS ST - 326 CAB SYRACUSE NY 13210 161068101 501(C)(3) 8389 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84041 870387205 501(C)(3) 8389 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC ASCENSION SACRED HEART FOUNDATION 5375 NORTH NINTH AVENUE PENSACOLA FL 32504 592436597 501(C)(3) 10626 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC CHILDREN'S MIRACLE NETWORK PO BOX 855 HERSHEY PA 17933 251854772 501(C)(3) 21335 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC NAFCU FOUNDATION 3138 10H STREET NORTH ARLINGTON VA 22201 541755947 501(C)(3) 49000 CONTRIBUTION FILENE RESEARCH INSITUTE 1010 E WASHINGTON AVE NO 306 MADISON WI 537034416 391645910 501(C)(3) 10000 MEMBERSHIP CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84041 870387205 501(C)(3) 10000 SPONSOR- CHERRY BLOSSOM RACE CHAMBER OF COMMERCE 1615 H ST NW WASHINGTON DC 20062 530045720 501(C)(6) 25000 MEMBERSHIP 8 1 PART I, LINE 2: THE ORGANIZATION REVIEWS INFORMATION REGARDING THE ORGANIZATION AND FUNDED ACTIVITIES. X 1 1 X X X X X 0 1 0 B DANIEL BERGER PRESIDENT/CEO 1206723 0 230034 0 38400 0 22800 0 30069 0 1528026 0 304496 0 ANTHONY DEMANGONE EVP/COO 635239 0 68122 0 6522 0 62321 0 10948 0 783152 0 171107 0 CARRIE HUNT EVP, GOV'T AFFAIRS/GEN.COUNSEL 607702 0 63227 0 6486 0 62321 0 17096 0 756832 0 158220 0 CATHERINE SAFADY VP, MEMBERSHIP & SALES 174217 0 82876 0 215 0 16718 0 24144 0 298170 0 0 0 BRANDY BRUYERE VP, REGULATORY COMPLIANCE 202205 0 36048 0 175 0 19493 0 35217 0 293138 0 0 0 BRADFORD THALER VP, LEGISLATIVE AFFAIRS 231573 0 9824 0 291 0 19545 0 14152 0 275385 0 0 0 JACQUELINE ORTIZ RAMSAY VP, MEDIA RELATIONS & COMMS. 176657 0 32213 0 175 0 17998 0 35502 0 262545 0 0 0 GREGORY JOHNS VP, FINANCE 193265 0 31310 0 834 0 18055 0 11912 0 255376 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: BOARD MEMBERS RECEIVED FORM 1099-MISC AS REQUIRED. PART I, LINE 4B 457(F) PLAN CONTRIBUTIONS: ANTHONY DEMANGONE - $39,521 CARRIE HUNT - $39,521 B DAN BERGER CEO COLLATERAL SPLIT-DOLLAR INSURANCE AGREEMENT X 2600000 2600201 0 1 1 2600201 FORM 990, PART III, LINE 3 CONFERENCES AND SEMINARS EVENTS TRANSITIONED FROM IN PERSON TO VIRTUAL EVENTS DUE TO THE PANDEMIC. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THIS CORPORATION SHALL BE OPEN TO ANY FEDERALLY-INSURED NATURAL PERSON OR CORPORATE CREDIT UNION. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE NAFCU SECRETARY SHALL PREPARE AN OFFICAL BALLOT CONTAINING THE NAMES OF THE NOMINEES AND THE NAME AND ADDRESS OF THE CREDIT UNION WITH WHICH EACH IS ASSOCIATED AND, NOT LESS THAN 70 DAYS PRIOR TO THE ANNUAL BUSINESS MEETING, MAIL OR OTHERWISE CAUSE IT TO BE DELIVERED OR MADE AVAILABLE TO THE MEMBERS. ONCE THE NOMINEE'S NAME HAS BEEN CONSIDERED FOR PLACEMENT ON THE BALLOT, AN ENTIRE MEMBERSHIP LISTING IS SENT TO THAT NOMINEE. EACH MEMBER CREDIT UNION, ACTING THROUGH ITS CHIEF ELECTED OFFICIAL, BOARD SECRETARY, OR CHIEF EXECUTIVE OFFICER/PRESIDENT/MANAGER EXECUTES THE BALLOT. OFFICIAL BALLOTS MUST BE SIGNED BY THAT OFFICIAL. THE CANDIDATES RECEIVING THE HIGHEST NUMBER OF VOTES SHALL BE DULY ELECTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD, THROUGH A MAJORITY VOTE OF MEMBERS PRESENT, SETS POLICY AND DOES EVERYTHING NECESSARY AND DESIRABLE IN THE CONDUCTING OF BUSINESS IN ACCORDANCE WITH THE BYLAWS. THE MEMBERSHIP ELECTS THE DIRECTORS AND VOTES ON ANY AMENDMENTS TO THE ARTICLES. FORM 990, PART VI, SECTION B, LINE 11B YES. THE RETURN IS REVIEWED AND DISCUSSED BY THE BOARD OF DIRECTORS AT THE FIRST REGULAR BOARD MEETING EACH YEAR. THIS REVIEW FOLLOWS THE BOARD'S REVIEW, DISCUSSION, AND APPROVAL OF THE AUDIT AS PRESENTED BY THE AUDIT COMMITTEE CHAIR. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 LINE 15 A - COMPENSATION FOR THE CEO: THE CEO HAS A WRITTEN CONTRACT. THE NAFCU EXECUTIVE COMMITTEE SERVES AS THE "CEO COMPENSATION COMMITTEE". IN DETERMINING THE CEO'S COMPENSATION, THE CEO COMPENSATION COMMITTEE RELIES ON A COMPENSATION SURVEY AND AN INDEPENDENT COMPENSATION CONSULTANT IN ACCORDANCE WITH WRITTEN POLICY ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS. THE RECOMMENDATIONS OF THE CEO COMPENSATION COMMITTEE ARE REVIEWED AND APPROVED BY THE ENTIRE BOARD AT THE FIRST REGULAR BOARD MEETING EACH YEAR. LINE 15 B - COMPENSATION FOR KEY EMPLOYEES: COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT/CEO IN ACCORDANCE WITH THE ANNUAL BUDGET REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. KEY EMPLOYEE COMPENSATION IS ESTABLISHED USING COMPARABILITY DATA AND AN INDEPENDENT CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS AND THE ANNUAL REPORT ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE NAFCU WEBSITE. THE TAX RETURNS AND THE RELATED FORM 1024 APPLICATION ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY -48,137. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. NAT'L ASSOC OF FEDERAL CREDIT UNIONS FOUNDATION 3138 TENTH STREET NORTH ARLINGTON VA 22901 541755947 TO PROMOTE THE CHARITABLE, LITERARY, EDUCATIONAL AND HUMANITARIAN CAUSES VA 501(C)(3) PUBLIC CHARITY 0 NAFCU POLITICAL ACTION COMMITTEE 3138 TENTH STREET NORTH ARLINGTON VA 22901 541421503 POLITICAL ACTIVITIES VA 527 0 NAFCU SERVICES CORPORATION 3138 10TH STREET NORTH SUITE 300 ARLINGTON VA 22201 521424435 CONSULTING & MARKETING DC NATIONAL ASSOC OF FEDERAL CREDIT UNIONS C 2553966 1442090 1.00000 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 1 1 0 0 NAFCU SVC CORP INC A 96370 CASH VALUE NAFCU SVC CORP INC L 111440 CASH VALUE NAFCU SVC CORP INC Q 252061 CASH VALUE NAFCU SVC CORP INC N 100995 CASH VALUE