MADISON, Wis. — The National Credit Union Foundation has released its 2024 Impact Report, which it said highlights the “significant achievements” reached on the mission of being a “catalyst to improve people’s lives through credit unions and to drive forward the work of financial well-being for all.”
This report provides an overview of the Foundation’s efforts to support the growth of credit unions, help members and employees thrive, and contribute to the prosperity of communities nationwide, the foundation said.
Key Highlights
According to the foundation, key highlights from the 2024 Impact Report include:
Development Education & Engagement
“In 2024, the Foundation’s signature Development Education program, Exploring Why Workshops, along with various industry speaking engagements, reached over 1,800 individuals across the credit union system. Many of these participants went on to create meaningful, local projects that made a lasting impact on their communities.”
FinHealth Hub
“By the end of 2024, the Foundation’s free financial health resource center, FinHealth Hub, had more than 600 active users. Additionally, the Foundation hosted six financial health webinars, attracting over 120 attendees and further supporting credit unions in their efforts to promote financial well-being.”
Grantmaking Impact
“Through its grantmaking efforts, the Foundation approved over $900,000 in grants in 2024. Notable among these grants was the Foster Youth Financial Literacy Grant, which provided financial literacy education to over 200 foster youth across nine communities.”
Disaster Relief
“The Foundation’s swift response during times of crisis is a testament to the strength of the credit union movement. In 2024, amidst multiple natural disasters, over $754,000 in aid was distributed, supporting 101 credit unions and 972 credit union employees and volunteers as they worked to recover and rebuild.”
A ’Fundamental Right’
“At the heart of our mission is the belief that financial well-being is a fundamental right for everyone,” Executive Director Lauren Culp said in a statement. “The impact the National Credit Union Foundation makes is a direct result of the collective efforts of credit unions, partners, and supporters working together to create lasting change. We’re proud to be a catalyst for positive transformation, empowering credit unions to help their members and communities thrive.”
