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MUNICIPAL CREDIT UNION: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- MUNICIPAL CREDIT UNION (EIN 13-5261470)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-13
- IRS object ID
- 201503179349308220
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-13T16:14:13-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135261470 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUNICIPAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MUNICIPAL CREDIT UNION | InCareOfNm |
| Business Name Control | MUNI | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT ST 26TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LINDA LAMBERT | PersonNm |
| Person Title | SVP/CFO | PersonTitleTxt |
| Phone | 2122383334 | PhoneNum |
| Signature | 2015-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARIE ARRIGO | PreparerPersonNm |
| PTIN | P00058583 | PTIN |
| Phone | 2129498700 | PhoneNum |
| Preparation | 2015-11-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KAM WONG | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $133,551,051 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NYMCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1916 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | BUILD LIFETIME FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 794 | TotalEmployeeCnt |
| Total Volunteers | 22 | TotalVolunteersCnt |
| Total Gross UBI | $4,979,664 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,516,982 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $125,983,105 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $131,297,513 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,182,500 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,253,538 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $127,165,605 | PYTotalRevenueAmt |
| CY Total Revenue | $133,551,051 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $237,289 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $162,319 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $58,803,062 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $63,135,845 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $65,082,504 | PYOtherExpensesAmt |
| CY Other Expenses | $68,353,331 | CYOtherExpensesAmt |
| PY Total Expenses | $124,122,855 | PYTotalExpensesAmt |
| CY Total Expenses | $131,651,495 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,042,750 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,899,556 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,954,679,441 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,096,409,712 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,825,297,926 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,988,186,866 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $129,381,515 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $108,222,846 | NetAssetsOrFundBalancesEOYAmt |
| Mission | BUILD LIFETIME FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | DURING 2014 MCU OFFERED VARIOUS LOAN PRODUCTS TO ITS MEMBERS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DURING 2014 MCU OFFERED VARIOUS DEPOSIT PRODUCTS TO ITS MEMBERS | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DURING 2014 MCU OFFERED VARIOUS OTHER SERVICES TO ITS MEMBERS SUCH AS ATM AND DEBIT CARD. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 69175 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 794 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MUNICIPAL CREDIT UNION | PersonNm |
| Phone | 2122383334 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| MARK S BRANTLEY | |||||||||
| CHAIRMAN | 6.0 | 0.0 | Yes (X) | $6,824 | $0 | $0 | |||
| SYLVIA ASH | |||||||||
| 1ST VICE CHAIR | 6.0 | 0.0 | Yes (X) | $2,664 | $0 | $0 | |||
| C RICHARD WAGNER | |||||||||
| 2ND VICE CHAIR | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS E DIANA | |||||||||
| DIRECTOR EMERITUS | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| SHIRLEY JENKINS | |||||||||
| SECRETARY | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| S NANA OSEI-BONSU | |||||||||
| TREASURER | 6.0 | 0.0 | Yes (X) | $6,568 | $0 | $0 | |||
| JOY SCHWARTZ | |||||||||
| DIRECTOR | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JAMES DURRAH | |||||||||
| ASSISTANT TREASURER | 6.0 | 0.0 | Yes (X) | $4,828 | $0 | $0 | |||
| MARIO MATOS | |||||||||
| ASSISTANT SECRETARY | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BERYL MAJOR | |||||||||
| DIRECTOR | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| TESSA HACKETT-VIEIRA | |||||||||
| DIRECTOR | 6.0 | 0.0 | Yes (X) | $1,286 | $0 | $0 | |||
| LORETTA JONES | |||||||||
| DIRECTOR | 6.0 | 0.0 | Yes (X) | $655 | $0 | $0 | |||
| CAROLL DUNCANSON | |||||||||
| DIRECTOR | 6.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| GIOVANNI PORCELLI | |||||||||
| SUPERVISORY CHAIRMAN | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH GUAGLIARDO | |||||||||
| SUPERVISORY MEMBER | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CHERYL WRIGHT | |||||||||
| SUPERVISORY MEMBER | 10.0 | 0.0 | Yes (X) | $2,782 | $0 | $0 | |||
| ALMETA COAXUM | |||||||||
| SUPERVISORY MEMBER | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KAREN LUCAS | |||||||||
| SUPERVISORY SECRETARY | 10.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KAM WONG | |||||||||
| PRESIDENT/CEO | 60.0 | 0.0 | $1,864,163 | $0 | $127,955 | Yes (X) | |||
| ANA PUELLO | |||||||||
| EXECUTIVE VP/CFO | 60.0 | 0.0 | $253,624 | $0 | $13,869 | Yes (X) | |||
| NORMAN KOHN | |||||||||
| SVP/CHIEF CREDIT OFFICER | 40.0 | 0.0 | $544,852 | $0 | $33,845 | Yes (X) | |||
| CAROLE PORTER | |||||||||
| SVP/RETAIL BANKING | 40.0 | 0.0 | $356,462 | $0 | $145,118 | Yes (X) | |||
| RICHARD CASAMASSA | |||||||||
| SVP/MEMBER SERVICE OPERATIONS | 40.0 | 0.0 | $401,708 | $0 | $251,120 | Yes (X) | |||
| THOMAS SICILIANO | |||||||||
| GENERAL COUNSEL | 40.0 | 0.0 | $544,745 | $0 | $137,889 | Yes (X) | |||
| KIM THOMPSON | |||||||||
| SVP/HUMAN RESOURCES | 40.0 | 0.0 | $327,499 | $0 | $65,482 | Yes (X) | |||
| JANET PERKINS | |||||||||
| VP/PROCESS ENGINEERING | 40.0 | 0.0 | $290,674 | $0 | $93,948 | Yes (X) | |||
| PHILIP VELTRE | |||||||||
| DEPUTY COUNSEL | 40.0 | 0.0 | $268,861 | $0 | $155,611 | Yes (X) | |||
| AMY KONG | |||||||||
| VP/RISK MANAGEMENT | 40.0 | 0.0 | $232,985 | $0 | $156,695 | Yes (X) | |||
| LINDA LAMBERT | |||||||||
| VP/FINANCE | 40.0 | 0.0 | $245,274 | $0 | $71,340 | Yes (X) | |||
| URMILLA JORAWAR | |||||||||
| CHIEF INTERNAL AUDITOR | 40.0 | 0.0 | $225,213 | $0 | $55,657 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,581,667 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,308,529 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 55 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MAYORE ESTATES LLC | |||||
| 1177 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | OFFICE LEASING | $3,655,170 |
| OCD MEDIA LLC | |||||
| 8 EAST 36TH STREET | NEW YORK | NY | 10016 | ADVERTISING | $3,716,025 |
| BROOKLYN BASEBALL CO LLC | |||||
| 1904 SURF AVENUE | BROOKLYN | NY | 11224 | OFFICE LEASING | $806,575 |
| EISNERAMPER LLP | |||||
| 750 THIRD AVENUE | NEW YORK | NY | 10017 | AUDITING FIRM | $637,025 |
| QUEENS CENTER REIT LLC | |||||
| 401 WILSHIRE BLVD | SANTA MONICA | CA | 90401 | OFFICE LEASING | $596,658 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 23 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST INCOME ON MEMBER LOANS | 522100 | $82,573,931 | $82,573,931 | |
| INSURANCE REIMBURSEMENT | 522100 | $6,984,515 | $3,512,531 | $3,471,984 |
| SERVICE FEES | 522100 | $41,133,248 | $39,625,568 | $1,507,680 |
| OTHER MISCELLANEOUS INCOME | 522100 | $605,819 | $605,819 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $131,297,513 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,253,538 | TotalRevenueColumnAmt |
| Exclusion | $2,253,538 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $133,551,051 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $126,317,849 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $4,979,664 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,253,538 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,319 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,000 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,093,941 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,631,326 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,601,590 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,602,089 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,206,899 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,177 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $613,741 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,989,587 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,307,862 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,721,823 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,941,312 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,943,295 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $809,229 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,608,293 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,225,343 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,154,471 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSSES | $5,027,784 |
| DEBIT & CREDIT CARD EXPENSE | $4,203,806 |
| COLLECTION & CREDIT EXPENSE | $3,615,076 |
| DIVIDEND EXPENSES | $5,139,536 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,934,996 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,651,495 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,218,093 | BOYAmt |
| EOY | $213,138,384 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $241,295,263 | BOYAmt |
| EOY | $147,890,188 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,264,277,898 | BOYAmt |
| EOY | $1,320,497,393 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,776,052 | BOYAmt |
| EOY | $42,479,272 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $48,795,132 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $31,395,087 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,742,303 | BOYAmt |
| EOY | $17,400,045 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,330,053 | BOYAmt |
| EOY | $232,823,654 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,039,779 | BOYAmt |
| EOY | $122,180,776 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,954,679,441 | BOYAmt |
| EOY | $2,096,409,712 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,296,454 | BOYAmt |
| EOY | $50,244,189 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,783,001,472 | BOYAmt |
| EOY | $1,937,942,677 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,825,297,926 | BOYAmt |
| EOY | $1,988,186,866 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,580,433 | BOYAmt |
| EOY | $61,580,433 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,801,082 | BOYAmt |
| EOY | $46,642,413 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,381,515 | BOYAmt |
| EOY | $108,222,846 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,954,679,441 | BOYAmt |
| EOY | $2,096,409,712 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,899,556 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$23,058,225 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $18,952,392 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $11,412,768 | DepreciationAmt |
| Book Value | $7,539,624 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $29,842,741 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $19,982,320 | DepreciationAmt |
| Book Value | $9,860,421 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $17,400,045 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED INTEREST RECEIVABLE | $4,412,989 |
| NCUSIF DEPOSIT | $18,402,475 |
| PR DEPOSIT RECEIVABLE | $92,090,809 |
| OTHER RECEIVABLE | $3,921,590 |
| OTHER ASSETS | $3,352,913 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $122,180,776 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER DEPOSIT | Desc |
| Amt | $1,937,942,677 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,937,942,677 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $123,383,731 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $123,383,731 | RevenueSubtotalAmt |
| Other Revenues Not Included | $10,167,320 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $10,167,320 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $133,551,051 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $121,484,175 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $121,484,175 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $10,167,320 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $10,167,320 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $131,651,495 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| NO FIN 48 FOOTNOTE INCLUDED IN AUDITED FINANCIAL STATEMENTS | THE CREDIT UNION IS EXEMPT FROM FEDERAL, NEW YORK STATE AND CITY INCOME TAXES. HOWEVER, CERTAIN INCOME SUCH AS ATM FEES EARNED FROM NON-MEMBERS AND EXPENSE REIMBURSEMENTS ON INSURANCE SOLD THROUGH BRANCHES, IS SUBJECT TO INCOME TAXES. THESE TAXES WERE NOT MATERIAL TO THE FINANCIAL STATEMENTS AND ARE INCLUDED IN OTHER EXPENSES. THEREFORE, NO FIN48 FOOTNOTE WAS PROVIDED IN ORGANIZATION'S FINANCIAL STATEMENT. |
| RECONCILIATION OF REVENUE & EXPENSE PER AUDITED F/S WITH RETURN | $5,139,536 OF DIVIDEND EXPENSE AND $5,027,784 OF LOAN LOSS PROVISION EXPENSE TOTALING $10,167,320 REDUCED GROSS REVENUE PER AUDIT STATEMENTS. AS SUCH, THE EXPENSES WERE NOT ACCOUNTED FOR AS EXPENSE ON THE FINANCIAL STATEMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| WORLDWIDE FOUNDATION FOR CREDIT UNIONS | |||||||
| 5710 MINERAL POINT RD | MADISON | WI | 53705 | 396093210 | 501(C)3 | $8,800 | SEE PART IV |
| AFRICAN AMERICAN CREDIT UNION COALITION | |||||||
| PO BOX 1612 | SHREVEPORT | LA | 71165 | 571091138 | 501(C)3 | $15,000 | SEE PART IV |
| AACUC - EASTERN REGION CHAPTER | |||||||
| 7 E REDWOOD STREET | BALTIMORE | MD | 21202 | 571091138 | 501(C)3 | $7,500 | SEE PART IV |
| AMERICAN CANCER SOCIETY INC | |||||||
| 2 LYON PLACE | WHITE PLAINS | NY | 10451 | 131788491 | 501(C)3 | $7,191 | SEE PART IV |
| NEW YORK CREDIT UNION FOUNDATION | |||||||
| 1021 WALVLIET SKATER RD | ALBANY | NY | 11205 | 161527073 | 501(C)3 | $15,000 | SEE PART IV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS FOR STUDENTS (MEMBERS) | GrantTypeTxt |
| Recipient | 21 | RecipientCnt |
| Cash Grant | $66,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| GRANT PROCEDURES | THE CHECKS FOR THE SCHOLARSHIP WINNERS ARE MADE PAYABLE TO THE STUDENT (MEMBER) AND THE COLLEGE THE STUDENT WILL ATTEND. |
| PURPOSE OF GRANTS | GRANT 1: WORLDWIDE FOUNDATION FOR CREDIT UNIONS - RAISES AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVE WORLDWIDE. GRANT 2: AFRICAN AMERICAN CREDIT UNION COALITION (AACUC) - DONATION TO STRENGTHEN THE CREDIT UNION MOVEMENTS. GRANT 3: AACUC EASTERN REGION CHAPTER - DONATION IS TO IMPROVE THE LITERACY TO THE AFRICAN AMERICAN COMMUNITIES. GRANT 4: AMERICAN CANCER SOCIETY EASTERN DIVISION-DONATION MAKING STRIDES AGAINST BREAST CANCER. GRANT 5: NEW YORK CREDIT UNION FOUNDATION - DONATION IS TO BUILD FINANCIAL INDEPENDENCE AMONG NEW YORKERS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KAM WONG | ||||||||||||||
| PRESIDENT/CEO | $790,854 | $0 | $991,000 | $0 | $82,309 | $0 | $94,110 | $0 | $33,845 | $0 | $1,992,118 | $0 | $0 | $0 |
| ANA PUELLO | ||||||||||||||
| EXECUTIVE VP/CFO | $193,174 | $0 | $51,407 | $0 | $9,043 | $0 | $0 | $0 | $13,869 | $0 | $267,493 | $0 | $0 | $0 |
| NORMAN KOHN | ||||||||||||||
| SVP/CHIEF CREDIT OFFICER | $316,500 | $0 | $215,000 | $0 | $13,352 | $0 | $0 | $0 | $33,845 | $0 | $578,697 | $0 | $0 | $0 |
| CAROLE PORTER | ||||||||||||||
| SVP/RETAIL BANKING | $243,046 | $0 | $100,000 | $0 | $13,416 | $0 | $131,321 | $0 | $13,797 | $0 | $501,580 | $0 | $0 | $0 |
| RICHARD CASAMASSA | ||||||||||||||
| SVP/MEMBER SERVICE OPERATIONS | $213,518 | $0 | $150,000 | $0 | $38,190 | $0 | $217,275 | $0 | $33,845 | $0 | $652,828 | $0 | $0 | $0 |
| THOMAS SICILIANO | ||||||||||||||
| GENERAL COUNSEL | $313,874 | $0 | $215,000 | $0 | $15,871 | $0 | $104,044 | $0 | $33,845 | $0 | $682,634 | $0 | $0 | $0 |
| JANET PERKINS | ||||||||||||||
| VP/PROCESS ENGINEERING | $253,940 | $0 | $20,000 | $0 | $16,734 | $0 | $80,151 | $0 | $13,797 | $0 | $384,622 | $0 | $0 | $0 |
| PHILIP VELTRE | ||||||||||||||
| DEPUTY COUNSEL | $205,723 | $0 | $58,000 | $0 | $5,138 | $0 | $121,766 | $0 | $33,845 | $0 | $424,472 | $0 | $0 | $0 |
| KIM THOMPSON | ||||||||||||||
| SVP/HUMAN RESOURCES | $219,042 | $0 | $100,000 | $0 | $8,457 | $0 | $51,700 | $0 | $13,782 | $0 | $392,981 | $0 | $0 | $0 |
| AMY KONG | ||||||||||||||
| VP/RISK MANAGEMENT | $190,985 | $0 | $42,000 | $0 | $0 | $0 | $122,850 | $0 | $33,845 | $0 | $389,680 | $0 | $0 | $0 |
| LINDA LAMBERT | ||||||||||||||
| VP/FINANCE | $170,274 | $0 | $75,000 | $0 | $0 | $0 | $57,630 | $0 | $13,710 | $0 | $316,614 | $0 | $0 | $0 |
| URMILLA JORAWAR | ||||||||||||||
| CHIEF INTERNAL AUDITOR | $170,213 | $0 | $55,000 | $0 | $0 | $0 | $21,892 | $0 | $33,765 | $0 | $280,870 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I LINE 1B | THE COMPENSATION COMMITTEE (MADE UP OF THE BOARD OF DIRECTORS) REVIEWS THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT PRIOR TO EXECUTION BY THE BOARD. |
| PART I LINE 1A | MUNICIPAL CREDIT UNION PROVIDES THE BENEFIT OF PAYING FOR THE TRAVEL OF COMPANIONS TO ITS BOARD OF DIRECTORS WHEN THEY ARE TRAVELING FOR CONFERENCES AND MEETINGS RELATED TO THE ORGANIZATION. THE AMOUNT PAID FOR IS A BENEFIT WHICH IS REPORTED ON A FORM 1099-MISC TO THE GUEST THAT IS BROUGHT ALONG TO THE CONFERENCE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, QUESTIONS 7A & 7B | THIS IS ONLY TRUE IN VERY LIMITED SITUATIONS |
| FORM 990, PART VI, SECTION B, QUESTION 11B | THE FORM WAS REVIEWED BY THE CEO AND THE FISCAL COMMITEE AND THEN SHARED WITH OTHER BOARD MEMBERS |
| FORM 990, PART VI, SECTION B, QUESTION 12C | MUNICIPAL CREDIT UNION HAS INTERNAL AS WELL AS EXTERNAL AUDITS. IN ADDITION, THE SECRETARY OF THE BOARD ANNUALLY SENDS OUT A REQUEST OF DISCLOSURE OF INSIDER ACCOUNTS TO MANAGEMENT AND THE BOARD. FURTHERMORE, THE HUMAN RESOURCES DEPARTMENT SENDS OUT A DISCLOSURE OF RELATIVES FORM TO ALL EMPLOYEES. |
| FORM 990, PART VI, SECTION C, QUESTION 19 | FINANCIAL STATEMENTS ARE AVAILABLE ON WEBSITE. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES IN NETS ASSETS, OR FUND BALANCES: CHANGE IN POST RETIREMENT BENEFIT ASSETS ($547,245) CHANGE IN PENSION BENEFIT ASSETS ($22,510,980) TOTAL CHANGE IN NET ASSETS ($23,058,225) |
| FORM 990, PART VI, SECTION B, QUESTIONS 15A & 15B | EXTENSIVE REVIEWS ARE PERFORMED EVERY OTHER YEAR AND MCU CONTINUES TO UTILIZE THE GUIDELINES DEVELOPED IN CONJUNCTION WITH TED TRUNASELLA TO ADMINISTER OUR COMPENSATION PRACTICES. IN ADDITION WE UTILIZE AVAILABLE COMPENSATION SALARY RANGE REVIEWS FROM VARIOUS HUMAN RESOURCES SUCH AS SHRM (SOCIETY FOR HUMAN RESOURCE MANAGEMENT). |