African American Credit Union Coalition

Organization Overview

African American Credit Union Coalition is located in Snellville, GA. The organization was established in 2003. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Credit Union Coalition is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, African American Credit Union Coalition generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 21.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE BOARD-READY TRAINING SERIES WAS DESIGNED TO HELP ENHANCE LEADERSHIP SKILLS AND PREPARE BOARD MEMBERS TO SERVE WITH IMPACT ON NON-PROFFIT BOARDS WITHIN THE COMMUNITY.


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.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Cathryn Sattiewhite
President
$157,216
Larry Sewell
Chairman
$0
Tracey Jackson
Treasurer
$0
Maurice Smith
Vice Chairman
$0
Marvin York
Secretary
$0
Ed Presnell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$372,529
Fundraising events$0
Related organizations$869,037
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,241,566
Total Program Service Revenue$265,054
Investment income $3,316
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,509,936

Grants Recieved

Over the last fiscal year, we have identified 4 grants that African American Credit Union Coalition has recieved totaling $126,105.

Awarding OrganizationAmount
Credit Unions In The State Of Washington

Tukwila, WA

PURPOSE: DONATION

$100,000
Municipal Employees Credit Union Of Baltimore Inc

Baltimore, MD

PURPOSE: CHARITABLE CONTRIBUTION

$12,955
$10,000
Peach State Fcu Cares Foundation Inc

Lawrenceville, GA

PURPOSE: ORGANIZATIONAL SUPPORT

$3,150
View Grant Recipient Profile

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