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National Credit Union Foundation's 2024 Impact Report

On April 24, 2025, the National Credit Union Foundation shared its 2024 Impact Report, affirming its dedication to enhancing financial wellness across the United States. As the philanthropic component of the credit union sector, the Foundation serves as a catalyst committed to improving the financial lives of individuals through cooperative financial institutions. The report reveals various achievements and initiatives, showcasing how the Foundation has collaborated with credit unions to foster growth and support numerous communities.

Key Highlights of the 2024 Impact Report

1. Empowering Through Education
One of the standout programs highlighted is the Exploring Why™ Workshops, part of the Foundation's Development Education initiative. In 2024, more than 1,800 individuals participated in these workshops across the credit union framework. Participants were equipped with the insights and tools necessary to launch transformative local projects that addressed unique community challenges. The ripple effect of this training has been profound, inspiring attendees to implement actionable solutions that align with financial education and wellness.

2. FinHealth Hub
Another significant achievement was the success of the Foundation's FinHealth Hub, a complimentary financial health resource center. By the end of 2024, the platform had accrued over 600 active users. Furthermore, the Foundation conducted six webinars focused on financial health, drawing in an audience of over 120 participants. These initiatives aim to empower credit unions in promoting the financial well-being of their members, ensuring they have access to vital resources and support.

3. Grantmaking Impact
The Foundation's grantmaking efforts were transformative, as it approved over $900,000 in grants throughout the year. Among the noteworthy initiatives was the Foster Youth Financial Literacy Grant, which aimed to enhance financial education and literacy for more than 200 foster youth in nine distinct communities. This program not only addresses immediate educational gaps but also contributes to long-term benefits by equipping young individuals with essential life skills.

4. Disaster Response
The Foundation’s rapid response during natural disasters demonstrated its commitment to the credit union movement and the communities it supports. In 2024, they distributed over $754,000 in aid, benefitting 101 credit unions and nearly 1,000 credit union personnel, volunteers, and families. This swift assistance underscored the solidarity within the credit union community, showcasing their unwavering spirit to recover and rebuild in times of crisis.

The Foundation's Vision

Lauren Culp, Executive Director of the National Credit Union Foundation, emphasized the importance of financial well-being, stating, "Our mission firmly stands on the belief that financial well-being is a fundamental right for everyone. The Foundation's impact is a direct reflection of the collective efforts from credit unions, partners, and supporters striving towards meaningful change. We are dedicated to empowering credit unions to support their members and communities effectively."

In addition, the Foundation recognizes the necessity of uniting through shared goals to uplift financial well-being across the board. This collaborative approach is essential in achieving sustainable progress and enabling credit unions to mobilize their resources to provide meaningful support.

Conclusion

The complete report is accessible at ncuf.coop/about-impact/financialsandreports/ and offers insights into implementing or enhancing financial well-being strategies for interested parties. Through its ongoing initiatives, the National Credit Union Foundation continues to pave the way for credit unions to assist their members in realizing life-changing objectives, ultimately leading to improved financial freedom.

Want to learn more about the National Credit Union Foundation's impactful initiatives? Explore their website for information and resources that empower financial well-being.