American Nonprofits is a 501(c)(3) member organization with a mission to strengthen the efficiency and effectiveness of IRS designated 501(c)(3) organizations by providing services and resources to nonprofits and their stakeholders, staff and volunteers. American Nonprofits' initial efforts are directed:
American Nonprofits is open to:
Individuals can join whether or not the nonprofits they are associated with are member-insureds of ANI or NIAC.
Organizational members are required to have a designated representative who is the person who may cast the organization's vote and exercise the members' rights.
Individual members also may cast votes and exercise their rights.
Each member may have a log in to the web site. Organizations use their Federal Employer Identification Number as their username and can choose a person to be their designated representative. Individuals use their email address as their username.
You are allowed to be both. Organizations have a separate login using their Federal Employer Identification Number as their username and can choose a person to be their designated representative. Individuals use their email address as their username.
American Nonprofits' founding and the credit union project is based on a $100,000 grant from Nonprofits Insurance Alliance of California (NIAC), and an initial $25,000 grant from The Wallace Alexander Gerbode Foundation.
An individual trial membership of six months is free. Many organizations and individuals have been provided with membership and had their dues paid by our partners and umbrella organizations. Check to see if you are already a paid up member.
Organizational dues are $49 per year.
Individual dues are $19 per year.
Federated organizations, umbrella organizations, and coalitions may purchase memberships for their member nonprofits at reduced rates, with the highest discounts available when purchasing 1,000 or more memberships. If your organization is interested in acquiring memberships for 25 or more member nonprofits, please contact us.
Individual members and nonprofit organization members enjoy:
In addition, members of American Nonprofits are creating :
Finally, by helping to create the national American Nonprofits Federal Credit Union, members of American Nonprofits will be supporting the development of a financial institution that is owned and governed by nonprofits. The credit union will provide desperately needed credit for nonprofit organizations, and that keeps both deposits and bank fees within the nonprofit sector.
American Nonprofits is a democratically run, co-operative institution.
All members of American Nonprofits, whether nonprofit organizations or individuals, can vote in the annual election of members of the board of directors. Individuals may run for election to the board.
In addition, American Nonprofits makes its financial information available to all members and holds an annual meeting online.
We have been talking for two years with various partners and expect to form partnerships with:
Alliance of Nonprofits for Insurance, Risk Retention Group (ANI)
California Association of Nonprofits (CAN)
CompassPoint Nonprofit Services
Nonprofit Finance Center
Nonprofit Finance Fund (NFF)
Nonprofits' Insurance Alliance of California (NIAC)
Northern California Community Loan Fund
We envision a finance cooperative where nonprofits and individuals combine their deposits, which are generally in for-profit institutions, and offer credit and services to nonprofits and individuals in the nonprofit community.
This cooperative can be created within the structure of the historically proven framework of a credit union.
The credit union will be designed to meet both the banking and credit needs of nonprofits and individuals and support them in their desire to move their money out of Wall Street into a cooperative institution that benefits the nonprofit sector.
Credit Unions are member owned and focused on meeting member needs in a fiscally responsible manner. A credit union with a nonprofit oriented membership can focus on and understand nonprofit business models and will be able to provide credit cards, lines of credit, and other modest credit products to nonprofits that need and deserve it. It can also focus on the needs of the individuals associated with nonprofits and provide low cost socially responsible banking options
By moving funds to the American Nonprofits Federal Credit Union, monies earned on deposits are partially returned to members through dividends, and used to support nonprofit sector efforts. On the other hand, nonprofits and people that have funds in commercial banks are also making money for those banks. Perhaps most importantly, many commercial banks do not understand or appreciate nonprofit business models, and as a result, redline nonprofits out of credit. We know dozens of stories of well-run, credit-worthy nonprofits that cannot even get credit cards without board member personal guarantees.
We believe that most nonprofits will continue to use a local bank as their primary financial institution for their checking accounts and operational accounts. For nonprofit organizations, having a relationship with a local bank often includes benefits beyond financial, such as having a bank officer on the board, a bank donation to a special event, and a potential partner in issues such as zoning.Our research shows, however, that nonprofits typically work with three or more financial institutions.
Yes. Members of American Nonprofits will be eligible to join the credit union. The credit union will offer ATMs, checking accounts, savings accounts, CDs, credit cards, lines of credit, and other banking services. All transactions, such as checking, credit cards, lines of credit and so forth, will be handled through the website as well as at physical offices.
Whether or not your nonprofit is a member of the credit union, if you are a staff member, volunteer or stakeholder of a nonprofit, you will be able join and use the credit union as an individual member of American Nonprofits.
Funds in credit unions are guaranteed up to $250,000 by the National Credit Union Administration (NCUA), which guarantees those funds the same way the FDIC guarantees funds in banks.
Deposits are used in two ways:
Retained earnings of a credit union are returned to credit union members as dividends and /or reinvested in the credit union's ability to grow.
Member-insureds of the Nonprofits Insurance Alliance Group responded to survey a few years ago and thought that a credit union for nonprofits might be a good idea. Pamela Davis and Jan Masaoka began to discuss the possibility. After some initial research, exploration, additional surveying, and discussion with the National Credit Union Administration, the effort to found American Nonprofits and the credit union was fully engaged in early 2012.