2012-11-14T15:40:38-06:00 2011-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2011-01-01 135261470 MUNICIPAL CREDIT UNION % MUNICIPAL CREDIT UNION MUNI 2122383336 22 CORTLANDT ST 26TH FLOOR NEW YORK NY 10007 Ana Puello 2012-11-08 true MARIE ARRIGO 2129498700 2011 2016-02-24 21:20:13Z KAM WONG 22 CORTLANDT STREET NEW YORK NY 10007 121279868 false X WWW.NYMCU.ORG X 1916 NY BUILD LIFETIME QUALITY FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. 17 17 688 23 3968945 921536 0 0 88008177 82166228 3415645 783405 33914490 38330235 125338312 121279868 174475 150227 0 0 48607578 50039595 0 0 0 75141977 68996206 123924030 119186028 1414282 2093840 1541023384 1657079411 1390552915 1512994095 150470469 144085316 BUILD LIFETIME QUALITY FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. false false . false false false false false false false false false true false false false true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false false true 70176 0 true 688 true true true false false false false false X 17 17 false false false false true true true true true false false true true true true true true true true false X MUNICIPAL CREDIT UNION 2122383336 22 CORTLANDT STREET NEW YORK NY 10007 X MARK S BRANTLEY 2.0 X 4217 0 0 ANGEL L AUDIFFRED 2.0 X 0 0 0 JAMES MCKEON 2.0 X 0 0 0 C RICHARD WAGNER 2.0 X 0 0 0 MALACHY HIGGINS 2.0 X 0 0 0 THOMAS E DIANA 2.0 X 0 0 0 JOSEPH GUAGLIARDO 1.0 X 0 0 0 SHIRLEY JENKINS 2.0 X 0 0 0 CHERYL WRIGHT 1.0 X 1751 0 0 GIOVANNI PORCELLI 2.0 X 0 0 0 KAREN LUCAS 1.0 X 0 0 0 SYLVIA G ASH 2.0 X 4379 0 0 SNANA OSEI-BONSU 2.0 X 0 0 0 MARIO MATOS 2.0 X 1931 0 0 JOY SCHWARTZ 2.0 X 0 0 0 JAMES DURRAH 2.0 X 0 0 0 ALMETA COAXUM 1.0 X 0 0 0 KAM WONG 60.0 X X 1413500 0 105787 ANA PUELLO 60.0 X X 437171 0 144326 NORMAN KOHN 40.0 X X 451442 0 184622 JANET PERKINS 40.0 X X 416609 0 72004 CAROLE PORTER 40.0 X X 317590 0 52322 THOMAS SICILIANO 40.0 X 430772 0 163685 RICHARD CASSAMASSA 40.0 X 242813 0 182369 PHIL VELTRE 40.0 X 222641 0 104070 AHMED CAMPBELL 40.0 X 187966 0 61018 KIM THOMPSON 40.0 X 223676 0 35946 ANIE AKPE-LEWIS 40.0 X 177735 0 43012 AMY KONG 40.0 X 174245 0 98946 4708438 0 1248107 45 false true false MAYORE ESTATES LLC 1177 AVENUE OF THE AMERICAS NEW YORK NY 10036 OFFICE LEASING 5093058 MACERICH QUEENS LTD PARTNERSHIP DEPARTMENT 2596-3150 LOS ANGELES CA 900842596 OFFICE LEASING 590028 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 AUDITING 478186 BROOKLYN RENAISSANCE PLAZA LLC 118-35 QUEENS BOULEVARD FOREST HILLS NY 11375 OFFICE LEASING 448328 BROOKLYN BASEBALL CO LLC 1904 SURF AVE BROOKLYN NY 11224 OFFICE LEASING 705036 15 0 INTEREST INCOME 522100 82166228 82166228 82166228 82166228 783405 783405 783405 0 0 0 0 0 0 INSURANCE REIMBURSEMENT 522100 4401785 2001356 2400429 2001356 SERVICE FEES 522100 33502912 31934396 1568516 31934396 OTHER MISCELLANEOUS INCOME 522100 425538 425538 425538 38330235 121279868 117310923 3968945 117310923 85227 65000 0 0 4627289 0 30449463 5339069 6933583 2690191 0 85914 610718 0 0 0 2015206 6740673 11316208 3223788 0 10348282 616622 0 930197 0 0 5602659 696786 PROVISION FOR LOAN LOSSES 9167993 DEBIT AND CREDIT CARD EXPENSE 3521541 COLLECTION AND CREDIT EXPENSES 2876357 DIVIDEND EXPENSES IN SAVINGS 6273524 4969738 119186028 218080356 233765959 79540952 97411061 0 0 1169781067 1191712270 0 0 0 0 0 0 0 0 20875133 26948542 48627897 32923416 17005211 15704481 3994588 34406831 0 0 0 0 0 0 31746077 57130267 1541023384 1657079411 33197840 41499931 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1357355075 1471494164 1390552915 1512994095 X 0 0 61580433 61580433 88890036 82504883 150470469 144085316 1541023384 1657079411 X 2093840 -8478993 X false true true false 22545619 13346731 9198888 26082278 19576685 6505593 15704481 0 MEMBER DEPOSIT 1471494164 1471494164 121279868 119186028 2093840 2093840 105838352 105838352 15441516 15441516 121279868 103744512 103744512 15441516 15441516 119186028 1 PART X - OTHER LIABILITIES QUEST 2: THE CREDIT UNION IS EXEMPT FROM FEDERAL AND 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. 2 PART XII, LINE 4B & PART XIII, LINE 4B $6,273,523 OF DIVIDEND EXPENSES AND $9,167,993 OF LOAN LOSS PROVISION EXPENSE TOTALING $15,441,516 REDUCED GROSS REVENUE PER AUDIT STATEMENTS. AS SUCH, THE EXPENSES WERE NOT ACCOUNTED FOR AS EXPENSE ON THE FINANCIAL STATEMENTS. true NY CREDIT UNION FOUNDATION 1021 WATERVLIET-SHAKER ROAD albany ALBANY NY 12205 161527073 501(C)3 15000 SEE PART IV AACUC PO BOX 1612 SHREVEPORT LA 711621612 571091138 501(C)3 15500 SEE PART IV WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI MADISON WI 537054493 396093210 501(C)3 7000 SEE PART IV 3 93 SCHOLARSHIPS FOR STUDENTS (MEMBERS) 25 65000 PART I - #2 THE CHECKS FOR THE SCHOLARSHIP WINNERS ARE MADE PAYABLE TO THE STUDENT (MEMBER) AND THE COLLEGE THE STUDENT WILL ATTEND. PART II - #1 (H) 1)NYCUF DONATION IS TO IMPROVE THE FINANCIAL LITERACY OF YOUTH. 2) AACUC DONATION IS TO IMPROVE LITERACY TO THE AFRICAN AMERICAN COMMUNITIES 3) WORLDWIDE FOUNDATION FOR CREDIT UNIONS-RAISES AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVE WORLDWIDE. X true true X X false false false KAM WONG 552570 0 660000 0 200930 0 74078 0 31709 0 1519287 0 0 0 ANA PUELLO 257978 0 150000 0 29193 0 131277 0 13049 0 581497 0 0 0 THOMAS SICILIANO 266838 0 150000 0 13934 0 131976 0 31709 0 594457 0 0 0 NORMAN KOHN 261696 0 150000 0 39746 0 152913 0 31709 0 636064 0 0 0 JANET PERKINS 257716 0 125000 0 33893 0 58955 0 13049 0 488613 0 0 0 CAROLE PORTER 212789 0 72000 0 32801 0 39272 0 13049 0 369911 0 0 0 PHIL VELTRE 171957 0 45000 0 5684 0 72453 0 31617 0 326711 0 0 0 AHMED CAMPBELL 159966 0 28000 0 0 0 29435 0 31583 0 248984 0 0 0 KIM THOMPSON 168676 0 55000 0 0 0 23021 0 12925 0 259622 0 0 0 RICHARD CASSAMASSA 172813 0 70000 0 0 0 150804 0 31565 0 425182 0 0 0 ANIE AKPE-LEWIS 137185 0 40000 0 550 0 18508 0 24504 0 220747 0 0 0 AMY KONG 154245 0 20000 0 0 0 67381 0 31565 0 273191 0 0 0 PART I LINE 1B THE COMPENSATION COMMITTEE (MADE UP OF BOARD OF DIRECTORS) REVIEWS THE PRESIDENT/CFO'S EMPLOYMENT CONTRACT PRIOR TO EXECUTION BY THE BOARD. 1 PART VI SECTION A GOVERNING BODY AND MANAGEMENT - # 7A&B THIS IS ONLY TRUE IN VERY LIMITED SITUATIONS 2 PART VI SECTION B POLICIES - #11B THE FORM WAS REVIEWED BY THE CEO AND THE FISCAL COMMITEE AND THEN SHARED WITH OTHER BOARD MEMBERS 3 PART VI SECTION B POLICIES - # 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. 5 PART VI SECTION C DISCLOSURE - # 19 FINANCIAL STATEMENTS ARE AVAILABLE ON WEBSITE. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. 6 FORM 990 PART XI RECONCILIATION OF NET ASSET # 5 OTHER CHANGES IN NET RECONCILIATION OF NET ASSETS, OTHER CHANGES IN NETS ASSETS, OR FUND BALANCES: CHANGE IN POST RETIREMENT BENEFIT ASSET ($234,036) CHANGE IN PENSION BENEFIT ASSET ($8,224,957) ------------ TOTAL CHANGE IN NET ASSETS ($8,478,993) ============ 7 PART VI SECTION B POLICIES-15A & 15B TED TRUNASELLA, COMPENSATION CONSULTANT HAS CONDUCTED AN EXTENSIVE REVIEW AND PROVIDED RECOMMENDATIONS.