2020-07-01T10:26:52-05:00 2019-12-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-01-01 952642719 NATIONAL ASSOCIATION OF FEDERAL CREDIT UNIONS INC NATI 7035224770 3138 10TH ST NORTH NO 300 ARLINGTON VA 22201 B DAN BERGER PRESIDENT & CEO 7035224770 2020-07-01 1 MIKE SORRELLS P00001737 2022932200 108.48.150.90 2020-07-01 10:24:51 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1FE53BDFCB5A9E7ADF2C1FAEFD07FCB2349EA307 2019 2020-09-23 17:36:50Z NAT'L ASSOC OF FED-INSURED CREDIT UNIONS B DAN BERGER 3138 10TH ST NORTH NO 300 ARLINGTON VA 22201 19842485 0 X WWW.NAFCU.ORG X 1967 CA NAFCU EXCLUSIVELY REPRESENTS THE INTERESTS OF FEDERALLY INSURED CREDIT UNIONS BEFORE THE FEDERAL GOVERNMENT AND THE PUBLIC BY PROVIDING ITS MEMBERS WITH REPRESENTATION, INFORMATION, EDUCATION, AND ASSISTANCE TO MEET THE CHALLENGES THAT COOPERATIVE FINANCIAL INSTITUTIONS FACE IN TODAY'S ECONOMIC ENVIRONMENT. 11 11 76 20 606877 75968 752217 793127 16417525 17660823 476953 652967 271137 280896 17917832 19387813 135987 190294 0 0 9589094 10406138 0 0 0 6983892 7869650 16708973 18466082 1208859 921731 25464600 28576772 12020815 14141374 13443785 14435398 X TO PROVIDE CREDIT UNIONS WITH THE BEST FEDERAL ADVOCACY, EDUCATION AND COMPLIANCE ASSISTANCE IN THE INDUSTRY.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. 0 0 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. 2019 ACCOMPLISHMENTSAS THE INDUSTRY'S WASHINGTON WATCHDOG, NAFCU WORKS DAILY TO ADVOCATE FOR CREDIT UNION PRIORITIES AND ENSURE OUR MEMBERS ARE INFORMED ON KEY ISSUES AND REGULATORY CHANGES THAT IMPACT THEIR OPERATIONS.OUR PILLARS OF ADVOCACY, COMPLIANCE AND EDUCATION KEEP US FOCUSED ON OUR MISSION: HELPING OUR MEMBERS AND THE INDUSTRY GROW. HERE'S WHAT WE ACCOMPLISHED IN 2019.ADVOCACY: FIGHTING FOR REGULATORY RELIEF AND INDUSTRY GROWTHOUR ASSOCIATION'S WORK TO SUPPORT CREDIT UNIONS AND ADVANCE INDUSTRY PRIORITIES ACHIEVED KEY WINS FOR THE INDUSTRY THROUGHOUT THE YEAR. NAFCU PRESIDENT AND CEO DAN BERGER, EXECUTIVE VICE PRESIDENT OF GOVERNMENT AFFAIRS AND GENERAL COUNSEL CARRIE HUNT, AND VICE PRESIDENT OF LEGISLATIVE AFFAIRS BRAD THALER WERE RECOGNIZED AS TOP LOBBYISTS IN 2019 BY THE HILL FOR THEIR OUTSTANDING EFFORTS.AS A BIPARTISAN ORGANIZATION, WE PRIDE OURSELVES ON BUILDING AND STRENGTHENING RELATIONSHIPS WITH KEY ADMINISTRATION OFFICIALS, LAWMAKERS AND REGULATORS. DAN BERGER AND CARRIE HUNT MET AT THE WHITE HOUSE IN MARCH TO DISCUSS CREDIT UNION PRIORITIES AND LEARN MORE ABOUT THE ADMINISTRATION'S EFFORTS ON KEY ISSUES. OUR ADVOCACY WITH NEW NCUA BOARD CHAIRMAN RODNEY HOOD AND MEMBER TODD HARPER BEGAN IMMEDIATELY AFTER THE TWO TOOK THEIR POSITIONS IN APRIL AND CONTINUED STEADILY THROUGHOUT THE YEAR, MEETING THROUGHOUT THE YEAR TO DISCUSS VARIOUS ISSUES.WE WORKED WITH THE NCUA AND LAWMAKERS TO SECURE RELIEF FOR CREDIT UNIONS UNDER THE NCUA'S RISK-BASED CAPITAL (RBC) RULE AND, IN DECEMBER, THE NCUA BOARD PASSED A FINAL RULE TO DELAY IMPLEMENTATION OF ITS RISK-BASED CAPITAL RULE BY TWO YEARS TO JAN. 1, 2022. THE ASSOCIATION HAS LED EFFORTS TO ENSURE CREDIT UNIONS AND THEIR MEMBERS BENEFIT FROM A MODERN CAPITAL REGIME.IN NOVEMBER, THE FINANCIAL ACCOUNTING STANDARDS BOARD MADE FINAL A DELAY TO ITS CURRENT EXPECTED CREDIT LOSS (CECL) STANDARD, PUSHING CREDIT UNIONS' COMPLIANCE DATE TO 2023, AFTER NAFCU'S CONTINUED EFFORTS TO SHARE CREDIT UNIONS' CONCERNS ABOUT THE NEGATIVE IMPACTS OF CECL. THE ASSOCIATION WILL PUSH FOR MORE GUIDANCE AND RELIEF FOR CREDIT UNIONS UNDER THE STANDARD WITH BOTH FASB AND THE NCUA.THE TREASURY DEPARTMENT AND DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT RELEASED HOUSING FINANCE REFORM PLANS IN SEPTEMBER, WHICH INCLUDED A NUMBER OF NAFCU-SOUGHT PRINCIPLES. NAFCU HAS MAINTAINED CLOSE RELATIONSHIPS WITH HOUSING OFFICIALS AND CARRIE HUNT TESTIFIED BEFORE THE SENATE BANKING COMMITTEE IN MARCH TO REITERATE THE NEED FOR "FAIR ACCESS, FAIR PRICING, AND ENSURING THAT WE HAVE A GOVERNMENT GUARANTEE."OUR ADVOCACY FOR THE FISCAL YEAR 2020 NATIONAL DEFENSE AUTHORIZATION ACT (NDAA) REPORT BEGAN IN APRIL, BEFORE WORK ON THE BILL BEGAN, AND THE ASSOCIATION TEAMED UP WITH THE DEFENSE CREDIT UNION COUNCIL TO SHARE CREDIT UNIONS' CONCERNS WITH LAWMAKERS. AS A RESULT, THE 2020 NDAA DOES NOT INCLUDE A PROVISION THAT WOULD HAVE TREATED BIG BANKS THE SAME AS A MILITARY INSTALLATION'S LOCAL, NOT-FOR-PROFIT CREDIT UNION WHEN IT COMES TO NOMINAL LEASES.WE HAVE ACTIVELY SOUGHT BANK SECRECY ACT (BSA)/ANTI-MONEY LAUNDERING (AML) REGIME IMPROVEMENTS AND RELIEF FOR CREDIT UNIONS. THE HOUSE IN OCTOBER PASSED TWO BILLS THAT REDUCE THE BURDEN OF CERTAIN SUSPICIOUS ACTIVITY REPORT FILINGS, INDEX THE THRESHOLD FOR CURRENCY TRANSACTION REPORTS TO INFLATION AND ENCOURAGE INNOVATION IN THE AML SYSTEM. OBTAINING FURTHER GUIDANCE AND RELIEF IS A PRIORITY FOR NAFCU AND WE WILL CONTINUE TO URGE THE SENATE TO TAKE UP SIMILAR LEGISLATION.NAFCU IS SUPPORTIVE OF EFFORTS TO ELIMINATE ILLEGAL ROBOCALLS BUT CONTINUES TO ADVOCATE PROTECTIONS UNDER THE TCPA TO ENSURE CREDIT UNIONS CAN CONTACT MEMBERS WITH IMPORTANT FINANCIAL INFORMATION WITHOUT FEAR OF BREAKING THE LAW. IN 2019, LAWMAKERS PASSED LEGISLATION AIMED AT EXPANDING THE FEDERAL COMMUNICATIONS COMMISSION'S ENFORCEMENT AUTHORITY OVER VIOLATIONS OF THE TELEPHONE CONSUMER PROTECTION ACT AND REQUIRING VOICE SERVICES PROVIDERS TO AUTHENTICATE AND BLOCK ILLEGAL ROBOCALLS. THE FINANCIAL SERVICES INDUSTRY REMAINS COMPETITIVE AND OUR WINS ARE OFTEN UNDERSCORED BY RELENTLESS FALSE ATTACKS FROM BANKERS. IN RESPONSE, NAFCU SETS THE RECORD STRAIGHT, EDUCATING LAWMAKERS AND THE PUBLIC ON THE ECONOMIC BENEFITS OF THE INDUSTRY'S TAX EXEMPTION AND EXPLAINING THE CREDIT UNION DIFFERENCE. WHILE BANKERS ARE FOCUSED ON LIMITING FAIR COMPETITION, CREDIT UNIONS REMAIN FOCUSED ON SERVING THEIR MEMBERS.EDUCATION: CONNECTING CUS TO TRAINING AND EACH OTHEROUR EDUCATION TEAM PROVIDES CREDIT UNIONS WITH THE BEST TRAINING OPPORTUNITIES AVAILABLE FOR EMPLOYEES AT ANY LEVEL. OUR OFFERINGS ARE TIMELY, INCORPORATING TRENDS AND CHANGES IN REGULATIONS, AND ARE UNIQUELY DESIGNED TO KEEP YOUR CREDIT UNION AHEAD OF THE GAME. IN 2019, WE OFFERED 13 TOP-RATED CONFERENCE, 8 OF WHICH SOLD OUT, DELIVERING FORWARD-THINKING CONTENT DESIGNED TO EQUIP CREDIT UNIONS WITH THE TOOLS NEEDED TO GROW AND SERVE MEMBERS STRAIGHT TO ATTENDEES. OUR ONLINE TRAINING CENTER CONTINUES TO BE HIGHLY UTILIZED, OFFERING LIVE AND ON-DEMAND WEBINARS ON HOT TOPIC ISSUES WEEKLY. IT'S A VALUABLE OPPORTUNITY FOR CREDIT UNION STAFF TO STAY UP-TO-DATE ON THE LATEST TRENDS ALL WITHOUT LEAVING THE OFFICE. IN FACT, OUR ONLINE TRAINING OFFERINGS WERE THE SECOND MOST POPULAR MEMBER RESOURCE, WITH 12,000 COURSES TAKEN. DUE TO THE SUCCESS OF OUR CFO NETWORK THAT LAUNCHED AT THE END OF 2018, WE CREATED TWO NEW NAFCU NETWORKS: THE NAFCU COMPLIANCE, RISK & BSA NETWORK AND NAFCU LENDING NETWORK. THESE FREE, MEMBER-ONLY ONLINE COMMUNITIES WERE DEVELOPED EXCLUSIVELY FOR CREDIT UNION STAFF 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 THREE AND LOOK FORWARD TO LAUNCHING ADDITIONAL NETWORKS TO CONNECT 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, NAFCU CERTIFIED RISK MANAGER (NCRM), AND NAFCU CERTIFIED VOLUNTEER EXPERT (NCVE). CURRENTLY, THERE ARE OVER 2,232 PROFESSIONALS CERTIFIED ACROSS THE FOUR CERTIFICATIONS. COMPLIANCE: CHARTING A PATH TOWARD CLEAR GUIDANCEOUR REGULATORY COMPLIANCE TEAM WORKS DAILY TO EQUIP CREDIT UNIONS WITH THE TOOLS AND RESOURCES NECESSARY TO ENSURE COMPLIANCE. IN 2019, THE TEAM ANSWERED MORE THAN 10,000 MEMBER QUESTIONS THROUGH OUR DIRECT COMPLIANCE ASSISTANCE PROGRAM AND PUBLISHED MORE THAN 220 FORWARD-THINKING BLOG POSTS, ARTICLES, CHARTS, GUIDES AND TOOLS IN EFFORTS TO ASSIST CREDIT UNIONS IN OVERCOMING COMPLIANCE CHALLENGES. MOST IMPORTANTLY, EACH QUESTION RECEIVED WAS RESPONDED TO WITHIN ONE BUSINESS DAY, ENSURING THAT MEMBERS RECEIVED THE INFORMATION THEY NEEDED QUICKLY AND EFFICIENTLY.IN 2019, WE CONTINUED OUR WORK TO OBTAIN CLEAR, DIRECT GUIDANCE FOR CREDIT UNIONS ON A NUMBER OF ISSUES, CONSTANTLY WORKING REGULATORS, AGENCIES, AND STAKEHOLDERS. WHILE OUR ADVOCACY TEAM SOUGHT AN EXEMPTION FOR CREDIT UNIONS UNDER THE FINANCIAL ACCOUNTING SERVICES BOARD'S CURRENT EXPECTED CREDIT LOSS STANDARD, RESULTING IN A DELAY TO ITS IMPLEMENTATION DATE, THE COMPLIANCE TEAM REMAINED DEDICATED TO EDUCATING MEMBERS ON THE STANDARD. THROUGH BLOGS, COLLABORATION WITH THE NCUA AND OTHER AGENCIES, AND THOUGHTFUL RESPONSES TO A MULTITUDE QUESTIONS FROM CREDIT UNIONS. ANOTHER ONE OF OUR FOCUSES WAS DEFENDING CREDIT UNIONS FACING FRIVOLOUS LAWSUITS RELATING TO OVERDRAFT AND INSUFFICIENT FUNDS FEES, AND AGAINST AN ATTACK BY BANKERS' ON THE NCUA'S 2016 FIELD OF MEMBERSHIP RULE. WE ALSO TRACKED SEVERAL REGULATORY LITIGATION EFFORTS HAPPENING IN COURT SYSTEMS AROUND ACROSS THE COUNTRY RELATED TO A VARIETY OF TOPICS, INCLUDING THE CFPB'S STRUCTURE, REMOTE DEPOSIT CAPTURE, AND THE TELEPHONE CONSUMER PROTECTION ACT. THE TEAM DELIVERED NEED-TO-KNOW UPDATES AS THEY OCCURRED TO CREDIT UNIONS VIA BLOGS AND NETWORK POSTS.ADDITIONALLY, IN ADVANCE OF THE CALIFORNIA CONSUMER PRIVACY ACT TAKING EFFECT, OUR TEAM ENSURED CREDIT UNIONS WOULD HAVE THE RESOURCES NEEDED TO REMAIN COMPLIANT AND PREPARE. WE CONTINUED OUR PUSH FOR A UNIFORM FEDERAL STANDARD, IN LIEU OF A PATCHWORK OF STATE PRIVACY LAWS, AND URGED THE CALIFORNIA ATTORNEY GENERAL TO EXEMPT CREDIT UNIONS FROM THE STATE'S PRIVACY LAW. THE CREDIT UNION INDUSTRY SAW A SIGNIFICANT SHIFT TOWARD REGULATORY RELIEF LAST YEAR, BUT WITH INCREASED DEREGULATION EFFORTS COMES NEW GUIDELINES AND PROCESSES. IN THE EVER-CHANGING REGULATORY ENVIRONMENT, NAFCU'S COMPLIANCE TEAM STANDS READY TO HELP CREDIT UNIONS NAVIGATE THE COMPLEX COMPLIANCE LANDSCAPE. MEDIA: GARNERING NATIONAL ATTENTION NAFCU'S COMMUNICATIONS AND MARKETING TEAMS ACTIVELY PROMOTE THE ASSOCIATION'S ADVOCACY EFFORTS IN THE MEDIA TO INFORM POLICYMAKERS AND THE PUBLIC, AND ITS COMPLIANCE ASSISTANCE AND EDUCATION PROG 0 1 1 1 0 0 0 0 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 47 0 1 76 1 1 1 0 0 0 1 1 0 0 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 VICE PRESIDENT OF FIN 7038422831 3138 10TH ST NORTH ARLINGTON VA 22201 JEANNE KUCEY CHAIR 1.00 X X 0 0 0 DEBRA SCHWARTZ VICE CHAIR 1.00 X X 940 0 0 THOMAS W DEWITT TREASURER 1.00 X X 758 0 0 GARY A GRINNELL SECRETARY 1.00 X X 0 0 0 ROBERT L FISHER DIRECTOR 1.00 X 0 0 0 RICHARD L HARRIS DIRECTOR END 6/2019 1.00 X 0 0 0 JAMES A KENYON DIRECTOR 1.00 X 0 0 0 LONNIE NICHOLSON DIRECTOR BEG 6/2019 1.00 X 0 0 0 JAN N ROCHE DIRECTOR 1.00 X 0 0 0 CHARLES A RUTAN DIRECTOR END 6/2019 1.00 X 0 0 0 BRIAN T SCHOOLS DIRECTOR 1.00 X 0 0 0 KEITH SULTEMEIER DIRECTOR BEG 6/2019 1.00 X 0 0 0 DANIEL J WEICKENAND DIRECTOR 1.00 X 0 0 0 B DAN BERGER PRESIDENT/CEO 50.00 X 1053867 0 190672 ANTHONY DEMANGONE EVP/COO 50.00 X 450630 0 68595 CARRIE HUNT EVP, GOV'T AFFAIRS/GEN'L C 50.00 X 411610 0 72262 BRADFORD THALER VP, LEGISLATIVE AFFAIRS 40.00 X 255130 0 33168 BRANDY BRUYERE VP, REGULATORY COMPLIANCE 40.00 X 211730 0 45956 GREGORY JOHNS VP, FINANCE 40.00 X 206128 0 28436 CATHERINE SAFADY VP, MEMBERSHIP & SALES 40.00 X 206009 0 42191 JACQUELINE ORTIZ RAMSAY VP, MEDIA REL'N & COMMS 40.00 X 194793 0 43145 2991595 0 524425 26 0 1 0 LUMENS AV 6626 WABASH STREET CHINO CA 91710 AUDIO VISUAL SERVICES-CONFERENCES 499480 CENTERPLATE 1 INDEPENDENT POINT SUITE 305 GREENSVILLE SC 29615 CATERING SERVICES-CONFERENCES 484061 HBW CONSTRUCTION 1055 FIRST STREET SUITE 200 ROCKVILLE MD 20850 CONSTRUCTION SERVICES 376699 THE EXPO GROUP 5931 W CAMPUS CIRCLE DRIVE IRVING TX 75063 TRADE SHOW/EXHIBIT HALL SERVICES 179568 YORK TELECOM 81 CORBETT WAY EATONTOWN NJ 07724 WEB RECORDING STUDIO SERVICES 157980 11 793127 793127 MEMBERSHIP DUES 900004 10654280 10654280 MEMBER EDUCATIONAL CON 611600 5675896 5667896 8000 PRODUCTS AND SERVICES 900004 1018981 731770 287211 MANAGEMENT SERVICES 531310 209166 209166 WEBSITE ADVERTISING 541800 65250 65250 37250 37250 17660823 380589 380589 1994 1994 181799 0 181799 181799 181799 727050 454672 272378 272378 272378 NAFCU SVCS RENT 900003 91781 91781 OTHER INCOME 900099 5322 5322 97103 19387813 17053946 606877 933863 190294 2252883 6561489 399792 695486 496488 17396 52888 114 304063 44193 366140 480996 541997 404845 3623051 428402 55536 INCOME TAX EXPENSE 27641 COMMUNICATIONS 514752 PAC ADMINISTRATION FUND 429289 STAFF EXPENSES 209352 368995 18466082 13452 4790 4790570 7295707 132836 45394 339114 419197 10334236 7767870 2073068 2566366 16805552 16199324 394118 446220 915890 1599774 25464600 28576772 2096835 2842402 9330915 10355777 593065 943195 12020815 14141374 X 11573652 12314071 1870133 2121327 13443785 14435398 25464600 28576772 X 921731 17780 52102 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 16855 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, 2019. NAFCU PAC FILED A FORM 1120 POL FOR 2019 INVESTMENT INCOME EARNED. 942153 942153 3184668 2965025 219643 3399881 2572110 827771 620530 469356 151174 2187004 1761379 425625 2566366 DUE FROM NAFCU SERVICES CORP. 881817 DEFERRED COMPENSATION 717957 1599774 TENANT DEPOSITS 14349 DEFERRED COMPENSATION 928846 943195 19457695 17780 52102 69882 19387813 0 19387813 18466082 0 18466082 0 18466082 PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF SUBSIDIARY 52,102. 1 SACRED HEART FOUNDATION 5375 N NORTH NINTH AVENUE PENSACOLA FL 32504 592436597 501(C)(3) 10398 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS INC 601 CHILDRENS LANE NORFOLK VA 23507 540506321 501(C)(3) 8744 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) 7013 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) 29657 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC PENN STATE CHILDREN'S HOSPITAL PO BOX 855 HERSHEY PA 17933 251854772 501(C)(3) 45544 MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC BOSTON CHILDREN'S HOSPITAL 300 LONGWOOD AVE BOSTON MA 02115 042774441 501(C)(3) 8938 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) 15000 SPONSOR- CHERRY BLOSSOM RACE + CAPITAL AFFAIR PENFED FOUNDATION 2930 EISENHOWER AVENUE ALEXANDRIA VA 22314 542062271 501(C)(3) 6000 SPONSOR - NIGHT OF HEROS 10 0 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 DAN BERGER PRESIDENT/CEO 791577 0 228694 0 33596 0 162596 0 29259 0 1245722 0 0 0 ANTHONY DEMANGONE EVP/COO 375636 0 68714 0 6280 0 60039 0 9739 0 520408 0 0 0 CARRIE HUNT EVP, GOV'T AFFAIRS/GEN'L C 343336 0 62029 0 6245 0 57144 0 16301 0 485055 0 0 0 BRADFORD THALER VP, LEGISLATIVE AFFAIRS 215649 0 39201 0 280 0 20534 0 13615 0 289279 0 0 0 BRANDY BRUYERE VP, REGULATORY COMPLIANCE 178645 0 32917 0 168 0 17880 0 35861 0 265471 0 0 0 GREGORY JOHNS VP, FINANCE 174829 0 30495 0 804 0 16654 0 14453 0 237235 0 0 0 CATHERINE SAFADY VP, MEMBERSHIP & SALES 146923 0 58885 0 201 0 14115 0 34057 0 254181 0 0 0 JACQUELINE ORTIZ RAMSAY VP, MEDIA REL'N & COMMS 162565 0 32078 0 150 0 16769 0 32165 0 243727 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: BOARD MEMBERS RECEIVED FORM 1099-MISC AS REQUIRED. PART I, LINE 4B DAN BERGER 2019 DEFERRED COMPENSATION - 457(F) $121,196 ANTHONY DEMANGONE 2019 DEFERRED COMPENSATION - 457(F) $37,639 CARRIE HUNT 2019 DEFERRED COMPENSATION - 457(F) $34,744 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 52,102. 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 2815510 1883991 1.00000 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0 NAFCU SVC CORP INC A 91781 CASH VALUE NAFCU SVC CORP INC L 144746 CASH VALUE NAFCU SVC CORP INC Q 232681 CASH VALUE NAFCU SVC CORP INC N 64420 CASH VALUE