2024-11-14T15:16:33-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 396093210 WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC WORL 6083952000 99 M STREET SE 300 WASHINGTON DC 200033799 ELISSA MCCARTER LABORDE CEO 6083952000 2024-11-12 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2024-11-12 2023 2024-10-15 13:58:12Z X ELISSA MCCARTER LABORDE 99 M STREET SE 300 WASHINGTON DC 200033799 2274792 0 X WWW.DOGLOBALGOOD.ORG X 1965 WI ADVANCE FINANCIAL INCLUSION BY REDUCING GAPS IN GLOBAL CREDIT UNION GROWTH. 13 13 0 13 0 0 4034862 2070628 41550 185066 0 19098 0 0 4076412 2274792 1138859 1332275 0 0 0 0 0 0 694588 1675466 2186710 2814325 3518985 1262087 -1244193 5234789 3451582 1912137 1373123 3322652 2078459 X THE WORLDWIDE FOUNDATION FOR CREDIT UNIONS, INC. (WFCU) MISSION IS TO PROVIDE PATHWAYS TO REDUCING GAPS IN THE ADVANCEMENT OF GLOBAL CREDIT UNION GROWTH AND UNIVERSAL ACCESS TO FINANCIAL INCLUSION FOR A BILLION LIVES. 0 0 1030345 1030345 0 DISASTER RELIEF VIA PROJECT STORM BREAKAS A GLOBAL FIRST RESPONDER, PROJECT STORM BREAK DELIVERS RELIEF AND RECOVERY AID TO DAMAGED CREDIT UNION SYSTEMS, IMPACTED EMPLOYEES AND DISPLACED MEMBERS IN THE WAKE OF DISASTER.THESE EFFORTS HELP THE GLOBAL CREDIT UNION SYSTEM STAY RESILIENT AND MILLIONS OF MEMBERS GET BACK ON THEIR FEET.IN 2023 THROUGH ITS PROJECT STORM BREAK CONTINUED TO SUPPORT CREDIT UNIONS AND THEIR MEMBERS WITH RELIEF AND RECOVERY EFFORTS IN:1) UKRAINE ($1.64M DONATED TO RELIEF & RECOVERY PROGRAMS SINCE 2022)AMID RUSSIA'S ONGOING WAR AGAINST UKRAINE WFCU: SUPPORTED 1,000 CREDIT UNION MEMBER FARMERS ENSURING FOOD SECURITY:- 450 FARMERS PROVIDED WITH CERTIFICATES TO CO-FINANCE THE PURCHASE OF AGRICULTURAL TOOLS AND EQUIPMENT,- 550 SMALL FARMERS REIMBURSED ON 10% OF THEIR LOAN PRINCIPAL. FINANCED THE DISBURSEMENT OF 100+ LOANS TO SMALL AND MEDIUM-SIZED BUSINESSES TO HELP RECOVER FROM WAR IMPACT. 40+% OF THE BORROWERS ARE WOMEN IN BUSINESS. FINANCED THE PURCHASE OF 7,000 LITERS OF DRINKING WATER, ALONG WITH DOZENS OF WATER PUMPS AND OTHER WATER STORAGE EQUIPMENT TO HELP CREDIT UNIONS IN SOUTHERN UKRAINE TO CONTINUE OPERATING AND SERVING THEIR COMMUNITIES DESPITE THE DESTRUCTION OF THE KAKHOVKA DAM THAT CAUSED MASS FLOODING AND WATER SUPPLY ISSUES.2) TURKEY ($70K DONATED FOR RELIEF PROGRAMS) WFCU FINANCED THE PURCHASE OF 10 PORTABLE OFFICE UNITS AND 40+ AIR CONDITIONERS THAT ALLOWED CREDIT COOPERATIVES IN TURKEY TO RESUME OPERATIONS HALTED SINCE TWO EARTHQUAKES CAUSED SIGNIFICANT DAMAGE TO THEIR PERMANENT STRUCTURES.3) BELIZE ($10K DONATED FOR MEMBER RELIEF PROGRAM) IN COOPERATION WITH THE CARIBBEAN CONFEDERATION OF CREDIT UNIONS' (CCCU) DEVELOPMENT FOUNDATION AND THE BELIZE CREDIT UNION LEAGUE, WFCU PROVIDED FINANCE TO 50 CREDIT UNION MEMBERS IN BELIZE MAKING REPAIRS TO HURRICANE-RELATED PROPERTY DAMAGES. 915885 291930 0 BRIDGING THE GAPFOR BILLIONS WORLDWIDE, PROSPERITY AND GROWTH REMAIN OUT OF REACH. IN PARTNERSHIP WITH THE CREDIT UNION COMMUNITIES, WORLDWIDE FOUNDATION FOR CREDIT UNIONS (WFCU) IS WORKING TO BRIDGE THE GAPS AND CREATE A MORE EQUITABLE WORLD THROUGH FOUR KEY INITIATIVES:1) BRIDGE THE INCLUSION GAP BY EXPANDING CREDIT UNIONS GLOBALLY TO BRING FINANCIAL ACCESS TO MORE PEOPLE.2) BRIDGE THE GENDER GAP BY EMPOWERING WOMEN TO BE LEADERS WITHIN THE GLOBAL CREDIT UNION MOVEMENT.3) BRIDGE THE SAFETY GAP BY SUPPORTING CREDIT UNION EMPLOYEES AND MEMBERS DURING TIMES OF CRISIS.4) BRIDGE THE LEADERSHIP GAP BY PROVIDING PROFESSIONAL DEVELOPMENT FOR FUTURE CREDIT UNION LEADERS.IN 2023, WFCU FUNDED PROGRAMMING AROUND THE WORLD TO REACH CREDIT UNION COMMUNITIES IN NEW AND LASTING WAYS. AT A TIME WHEN THE WEALTH GAP HAS NEVER BEEN GREATER, WFCU'S WORK TO STRENGTHEN THE GLOBAL CREDIT UNION SYSTEM IS CREATING A MORE EQUITABLE WORLD.FINANCIAL INCLUSION VIA GLOBAL BRIDGES 13 JOURNEYS COMPLETED SINCE 2021 $600K OF ADDED SUPPORT VIA ENGAGEMENT SINCE 2021 CARIBBEAN CONFEDERATION OF CREDIT UNIONS (CCCU) & NATIONAL CREDIT UNION CONFEDERATION OF KOREA (NACUFOK): ONGOING THREE-YEAR ENGAGEMENT TO ADVANCE DIGITIZATION IN THE CARIBBEAN. DUNDALK CREDIT UNION (IRELAND) COMPLETED TWO ENGAGEMENTS HOSTING A UKRAINIAN CU DELEGATION AND LEARNING ABOUT THE US CU SYSTEM IN MADISON, WI. OCCU ENGAGED WITH AUSTRALIAN CUS TO LEARN THEIR EXPERIENCE IN LOAN SALES AND CLIMATE FINANCE. 10000 10000 185066 GENDER EQUALITY VIA GLOBAL WOMEN'S LEADERSHIP NETWORKGLOBAL WOMEN'S LEADERSHIP NETWORK (GWLN) IS A KEY RESOURCE FOR INFORMATION, NETWORKING, AND SUPPORT, COMMITTED TO NARROWING INEQUALITY GAPS BY PROVIDING WOMEN WITH OPPORTUNITIES TO MAKE MEASURABLE DIFFERENCES IN THEIR OWN LIVES, IN THE LIVES OF CREDIT UNION MEMBERS, AND IN THEIR COMMUNITIES.FOR THE FIRST TIME IN 2023, GWLN EXPANDED ITS SCHOLARSHIP PROGRAM TO INCLUDE YEAR-LONG, ONLINE LEADERSHIP PROGRAMS THROUGH INDUSTRY PARTNERSHIPS. GWLN ALSO RE-ACTIVATED EMPOWERMENT GRANTS FOR SCHOLARS TO IMPLEMENT PROJECTS AIMED AT GROWING FINANCIAL INCLUSION, ADVANCING SOCIAL AND COMMUNITY IMPACT EFFORTS.GWLN BY THE NUMBERS: 160 SISTER SOCIETIES IN 30 COUNTRIES ON SIX CONTINENTS 3.5K HOURS OF EDUCATION PROVIDED 2.5K GLOBAL EVENT ATTENDEES $500K IN SCHOLARSHIPS SINCE 2009 255301 0 0 CREDIT UNION LEADERSHIP VIA WORLD YOUNG CREDIT UNION PROFESSIONAL NETWORKWFCU'S GLOBAL WORLD YOUNG CREDIT UNION PROFESSIONAL (WYCUP) NETWORK CONNECTS EMERGING LEADERS AND THEIR ADVOCATES TO ENRICH AND EMPOWER THE NEXT GENERATION OF LEADERS. TO MAXIMIZE THE IMPACT IN 2023, WYCUP EXPANDED SCHOLARSHIP PROGRAM AND INCREASED NETWORK SERVICES SUCH AS IN-PERSON WYCUP SUMMIT. WYCUP ALSO ENHANCED VIRTUAL LEARNING AND NETWORKING EVENTS, INCLUDING THE WYCUP CONNEXION AND THE 10 THOUSAND STRONG CAMPAIGN. THE ESTABLISHMENT OF THE AFFILIATES COUNCIL ALSO BROADENED WYCUP CAPABILITIES TO CONNECT WITH LEADERS OF YOUNG PROFESSIONAL NETWORKS ACROSS THE GLOBE, BRINGING THEM TOGETHER TO DISCUSS INDUSTRY TRENDS AND PROMOTE THE WYCUP EXPERIENCE.WYCUP BY THE NUMBERS: 2,200 MEMBERS FROM OVER 70 COUNTRIES, NEARLY TRIPLING MEMBERSHIP SINCE 2020 111 SCHOLARSHIPS AWARDED TO EMERGING LEADERS SINCE 2001 200 ATTENDEES FROM 80 COUNTRIES AT THE INAUGURAL GLOBAL EMERGING LEADERS SUMMIT $430K IN SCHOLARSHIP GRANTS TO SUPPORT LEADERSHIP DEVELOPMENT 255301 0 0 2211531 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MA MI MN MS NV NH NJ NY NC OH OK OR PA RI SC TN UT VA WA WV WI MD X X ELISSA MCCARTER LABORDE 6083952000 99 M STREET SE SUITE 300 WASHINGTON DC 20003 BILL CHENEY CHAIR 1.00 0.00 X X 0 0 0 CRYSTAL LONG VICE CHAIR 1.00 0.00 X X 0 0 0 SUSAN MITCHELL SECRETARY 1.00 0.00 X X 0 0 0 DALLAS BERGL TREASURER 1.00 1.00 X X 0 0 0 MANFRED ALFONSO DASENBROCK DIRECTOR 1.00 1.00 X 0 0 0 BRIAN CALDARELLI DIRECTOR 1.00 0.00 X 0 0 0 RAJ BANDARU DIRECTOR 1.00 0.00 X 0 0 0 DWAYNE NAYLOR DIRECTOR 1.00 0.00 X 0 0 0 RENEE SATTIEWHITE DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH THOMAS DIRECTOR 1.00 1.00 X 0 0 0 JENNIFER OLIVER DIRECTOR 1.00 0.00 X 0 0 0 TYLER VALENTINE DIRECTOR 1.00 0.00 X 0 0 0 J KEVIN RYAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL REUTER EXECUTIVE DIRECTOR 40.00 0.00 X 0 135892 12046 ELISSA MCCARTER LABORDE PRESIDENT & CEO 1.00 40.00 X 0 475646 68367 0 611538 80413 0 0 1 0 0 2070628 2070628 EDUCATIONAL RECEPTIONS 611710 185066 185066 185066 19098 19098 2274792 185066 0 19098 275000 275000 1057275 1057275 889312 226064 251507 411741 9820 3954 5866 13365 13365 240807 81715 117337 41755 87563 6000 81563 118015 30835 63378 23802 617 37 458 122 45642 45642 385911 255301 71728 58882 314082 271777 682 41623 8491 8491 28065 28065 45020 3573 6347 35100 3518985 2211531 612866 694588 5153546 3451542 327 40 80916 0 19851 19851 0 0 5234789 3451582 1746735 1205137 165402 167986 1912137 1373123 X 1673909 1514201 1648743 564258 3322652 2078459 5234789 3451582 -1244193 0 X 0 1 X 1 0 X 4149278 1991160 2480321 4034862 2070628 14726249 4149278 1991160 2480321 4034862 2070628 14726249 704423 14021826 19098 19098 14745347 401672 0.95090 0.97010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19851 19851 0 0 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, AND A SIMILAR SECTION OF THE WISCONSIN INCOME TAX LAW, WHICH PROVIDES TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSES. THE ORGANIZATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GENERAL DISASTER RELIEF 2778 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES GENERAL DISASTER RELIEF 90070 NORTH AMERICA 0 0 PROGRAM SERVICES GENERAL DISASTER RELIEF 4226 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES GENERAL DISASTER RELIEF 1209316 CENTRAL AMERICA AND THE CARIBBEAN 0 0 TECHINICAL ASSISTANCE GRANT GIVEN TO WORLD COUNCIL OF CREDIT UNIONS TO ASSIST WITH ITS DEVELOPMENT WORK 84114 EAST ASIA AND THE PACIFIC 0 0 TECHINICAL ASSISTANCE GRANT GIVEN TO WORLD COUNCIL OF CREDIT UNIONS TO ASSIST WITH ITS DEVELOPMENT WORK 4204 RUSSIA AND NEIGHBORING STATES 0 0 TECHINICAL ASSISTANCE GRANT GIVEN TO WORLD COUNCIL OF CREDIT UNIONS TO ASSIST WITH ITS DEVELOPMENT WORK 98839 CENTRAL AMERICA AND THE CARIBBEAN 0 0 EDUCATION SUPPORT OF THE GLOBAL WOMEN'S LEADERSHIP NETWORK, WHICH CONNECTS CREDIT UNION WOMEN 39581 EAST ASIA AND THE PACIFIC 0 0 EDUCATION SUPPORT OF THE GLOBAL WOMEN'S LEADERSHIP NETWORK, WHICH CONNECTS CREDIT UNION WOMEN 39581 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 EDUCATION SUPPORT OF THE GLOBAL WOMEN'S LEADERSHIP NETWORK, WHICH CONNECTS CREDIT UNION WOMEN 107414 SOUTH AMERICA 0 0 EDUCATION SUPPORT OF THE GLOBAL WOMEN'S LEADERSHIP NETWORK, WHICH CONNECTS CREDIT UNION WOMEN 186577 SUB-SAHARAN AFRICA 0 0 EDUCATION SUPPORT OF THE GLOBAL WOMEN'S LEADERSHIP NETWORK, WHICH CONNECTS CREDIT UNION WOMEN 129821 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FUNDRAISING 46822 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 16574 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 41710 MIDDLE EAST AND NORTH AFRICA 0 0 FUNDRAISING 34094 NORTH AMERICA 0 0 FUNDRAISING 1600 RUSSIA AND NEIGHBORING STATES 0 0 FUNDRAISING 495170 SOUTH AMERICA 0 0 FUNDRAISING 70624 SUB-SAHARAN AFRICA 0 0 FUNDRAISING 49141 0 0 0 0 0 0 1533128 1219128 2752256 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, SUPPORT FOR ORPHANAGE EDUCATION FUNDING 16930 WIRE TRANSFER 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, SUPPORT FOR UKRAINE RELIEF 71100 WIRE TRANSFER 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, SUPPORT FOR UKRAINE RELIEF 16608 WIRE TRANSFER 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, SUPPORT FOR UKRAINE RELIEF 7202 WIRE TRANSFER 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, SUPPORT FOR UKRAINE RELIEF 150000 WIRE TRANSFER 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, SUPPORT FOR UKRAINE RELIEF 596804 WIRE TRANSFER 0 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, SUPPORT FOR UKRAINE RELIEF 188631 WIRE TRANSFER 0 0 7 0 0 0 0 0 0 PART I, LINE 2: WORLDWIDE FOUNDATION FOR CREDIT UNIONS, INC. (WFCU) MAKES ONLY A FEW GRANTS EACH YEAR. THESE ARE PAID TO ORGANIZATIONS THAT THE ORGANIZATION HAS HAD A PRIOR RELATIONSHIP WITH AND WHO ARE PART OF A GLOBAL NETWORK OF CREDIT UNIONS AND SIMILAR COOPERATIVE ORGANIZATIONS. MONITORING OF THE FUNDS IS DEPENDENT ON THE SIZE OF THE GRANT, THE PURPOSE AND THE STRENGTH OF THE RELATIONSHIP WFCU HAS WITH THE RECIPIENTS. SMALLER GRANTS, PARTICULARLY THOSE PAID TO OTHER FOUNDATIONS, DO NOT REQUIRE ADDITIONAL MONITORING. HOWEVER, FOR LARGER GRANTS OR THOSE PAID TO CERTAIN TYPES OF ORGANIZATIONS, WFCU WILL REQUEST THAT A FORMAL REPORT BE SUBMITTED BY THE RECIPIENT DOCUMENTING THE USE OF THE FUNDS. 1 WORLD COUNCIL OF CREDIT UNIONS PO BOX 2982 MADISON WI 53701 391143339 501(C)(6) 275000 0 TO SUPPORT THE PROGRAM DEVELOPMENT OPERATIONS 0 1 PART I, LINE 2: ORGANIZATION DOES NOT TYPICALLY MAKE GRANTS TO ENTITIES IN THE UNITED STATES. MADE AN EXCEPTION THIS YEAR TO ASSIST A RELATED ORGANIZATION. AS THESE ORGANIZATIONS ARE RELATED, THEY CAN CLOSELY MONITOR THE USE OF THE GRANTS. 0 0 0 0 0 0 0 0 0 ELISSA MCCARTER LABORDE PRESIDENT & CEO 0 423549 0 50000 0 2097 0 26400 0 41967 0 544013 0 0 FORM 990, PART VI, SECTION A, LINE 7A WOCCU APPOINTS A CERTAIN NUMBER OF WFCU BOARD MEMBERS FORM 990, PART VI, SECTION A, LINE 7B WOCCU BOARD APPOINTS A CERTAIN NUMBER OF WFCU BOARD MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS POSTED ON THE BOARD WEBSITE AND REQUIRED TO BE REVIEWED AND ACCEPTED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES - WE HAVE A WRITTEN CONFLICT OF INTEREST POLICY AS PART OF OUR EMPLOYEE POLICIES, WHICH ARE POSTED ON THE EMPLOYEE INTRANET WEBSITE. ALL EMPLOYEES ARE INFORMED OF THE POLICIES AND REQUIRED TO STATE IN WRITING THAT THEY HAVE READ AND UNDERSTAND THE POLICIES. SENIOR MANAGERS ARE REQUIRED TO REPORT ANY CONFLICTS THAT THEY BECOME AWARE OF, EITHER THEIR OWN CONFLICTS OR OF THEIR STAFF. BOARD - AT ALL COMMITTEE AND FULL BOARD MEETINGS, THE CHAIR OF THE MEETING IS REQUIRED TO STATE THE CONFLICT OF INTEREST POLICY AND ASK IF ANY BOARD MEMBERS HAVE A CONFLICT OF INTEREST FOR ANY ITEMS ON THE AGENDA. ANNUALLY, KEY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY HAVE DISCLOSED ALL CONFLICTS OF INTEREST. ANY INDIVIDUAL WITH A PERCEIVED OR ACTUAL CONFLICT OF INTEREST WILL BE RECUSED FROM ANY DISCUSSION OR VOTING ON THE MATTER TO WHICH THE CONFLICT RELATES. FORM 990, PART VI, SECTION C, LINE 19 THE QUALIFICATIONS & DUTIES OF BOARD MEMBERS AND THE CONFLICT OF INTEREST POLICY ARE POSTED ON THE BOARD WEBSITE. THE ANNUAL REPORT, WHICH INCLUDES A SUMMARY OF THE FINANCIALS, IS ALSO POSTED. IN ADDITION, CONTACT INFORMATION IS PROVIDED IN THE ANNUAL REPORT FOR ANYONE WHO WANTS TO REQUEST A COPY OF THE FULL AUDITED FINANCIALS. THE FULL BY-LAWS OF THE ORGANIZATION ARE NOT POSTED ON THE WEBSITE, BUT WILL BE SENT IF REQUESTED. WORLD COUNCIL OF CREDIT UNIONS INC 5710 MINERAL POINT ROAD MADISON WI 53705 391143339 PROMOTE, SUPPORT, REPRESENT, AND SERVE THE WORLDWIDE CREDIT UNION MOVEMENT WI 501(C)(6) N/A 0 WOCCU SERVICES GROUP INC PO BOX 2982 MADISON WI 53701 391984681 CREDIT UNION SERVICES WI N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 WORLD COUNCIL OF CREDIT UNIONS INC O 889312 FAIR MARKET VALUE WORLD COUNCIL OF CREDIT UNIONS INC P 2354669 FAIR MARKET VALUE WORLD COUNCIL OF CREDIT UNIONS INC B 275000 CASH GRANT PAID RELATED ORGANIZATIONS TAXABLE AS A CORPORATION OR TRUST THE WOCCU SERVICES GROUP, INC. (WSG), A WHOLLY OWNED SUBSIDIARY OF WORLD COUNCIL, IS A WISCONSIN FOR-PROFIT CORPORATION THAT WAS INCORPORATED IN 1999. WSG CARRIES ON THE FOR-PROFIT ACTIVITIES OF WORLD COUNCIL, INCLUDING PAYMENT SYSTEMS AND TECHNICAL ASSISTANCE TO CREDIT UNION ORGANIZATIONS.