| Report Title: |
Intermediary Profile Report |
| Report Date: |
| |
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Organization Name:
|
National Federation of
Community Development Credit Unions |
Program ID Number: I-108 |
Date Profile Created:
|
December 1, 2005 |
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Program Summary:
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The National Federation of Community Development Credit Unions is a membership organization of community development credit unions (CDCUs). Begun in the 1970’s with federal dollars, it lost federal support between 1980 and 1982. It was rebuilt during subsequent years with initial contributions from a number of foundations, and a financial plan based on more diverse funding sources. It (1) strengthens and empowers member credit unions helping low-income communities to achieve effective, community-controlled economic development; (2) works nationally to assure the evolving financial system responds to the needs of low-income communities, and that CDCUs have the tools and resources to meet emerging challenges; and (3) strives to assure that the CDCU movement is both permanent and self-sufficient, by developing local and national CDCU leadership, providing forums for communication among CDCUs, and developing the resources necessary to achieve stated goals.
The Federation’s services include advocacy, conferences/seminars, leadership development, organizing, program related investments, public policy work, research, training, and technical assistance. It provides grants to federal- or state-chartered credit unions through its capitalization program, as well as investing approximately $3.5 million per year in deposits and loans in credit unions. The grant program involves competitive applications that are reviewed by staff first, with final selection and action carried out by a committee of non-members such as bankers and other credit unions. Technical assistance includes professional development training, peer networks such as a faith-based network and a disability network, an annual institute, and more. Additionally, the Federation coordinates a program providing VISTA volunteers to credit unions across the country. | |
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| Address: |
120 Wall Street, 10th Floor
New York, NY 10005 | | |
|
| Date Program Began: |
1974 |
Total Funds Awarded by this Program for Most Recent Fiscal Year: |
$300,000 |
| Date Program Scheduled to End: |
N/A |
Total Administrative Expenses for this Program for Most Recent
Fiscal Year: |
$200,000 | |
|
| How Capacity-Building Programs are Operated: |
Run internally by the organization. | |
|
| Number Staff/Consultants: |
7/4
|
Background Materials Available: |
Yes | |
|
| Capacity-Building Work Evaluated: |
No |
Evaluation Results Available: |
N/A |
| Frequency of Evaluation: |
N/A |
Type of Evaluation: |
N/A |
|
|
| Geographic Areas Served: |
National: |
Yes |
International: |
No | |
| |
| Selected States: |
N/A |
| Geographic Details: |
N/A | |
|
| Types of Capacity-Building Assistance Offered to Nonprofits: |
| 1. Grants: |
2. Direct Service: |
3. Direct Financial Support: |
Categorical
Part of Larger Grant |
Assessment of service needs
Coaching/training for individual nonprofits
Convening activities
Education/training for groups of nonprofits
Information and referral
Infrastructure for peer networking
Website with capacity-building assistance |
Facilities/Equipment Support
Loans
Endowment/Reserves Support | |
|
Grants Offered to Capacity-Building Service
Providers and Intermediaries: |
| Support for Services to Nonprofits: |
N/A |
| General Support: |
N/A | | |
| Grants Offered to Support Overall Capacity-Building Infrastructure: |
| N/A | | |
|
| Areas of Nonprofit Operations Supported: |
How Funding/Service Decisions Are Made: |
Administration & finance
Fund development
Governance (board & executive leadership)
Staff development & training
Information & technology support
Legal/risk management
Human resources
Planning
Evaluation
Communication (internal & external) |
Application by potential recipient – organization selection.
Proactive identification of applicants by organization. | |
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