MUNICIPAL CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MUNICIPAL CREDIT UNION (EIN 13-5261470)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201213199349305961
- Schema version
- 2011v1.3
- 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) |
|---|---|---|
| Timestamp | 2012-11-14T15:40:38-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100172703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135261470 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUNICIPAL CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % MUNICIPAL CREDIT UNION | InCareOfName |
| Name Control | MUNI | NameControl |
| Phone | 2122383336 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT ST 26TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Ana Puello | Name |
| Title | EVP/CFO | Title |
| Date Signed | 2012-11-08 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARIE ARRIGO | Name |
| Phone | 2129498700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KAM WONG | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 121279868 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.NYMCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1916 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | BUILD LIFETIME QUALITY FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 688 | TotalNbrEmployees |
| Total Nbr Volunteers | 23 | TotalNbrVolunteers |
| Total Gross UBI | 3968945 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 921536 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 88008177 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 82166228 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3415645 | InvestmentIncomePriorYear |
| Investment Income Current Year | 783405 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 33914490 | OtherRevenuePriorYear |
| Other Revenue Current Year | 38330235 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 125338312 | TotalRevenuePriorYear |
| Total Revenue Current Year | 121279868 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 174475 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 150227 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 48607578 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 50039595 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 75141977 | OtherExpensePriorYear |
| Other Expenses Current Year | 68996206 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 123924030 | TotalExpensesPriorYear |
| Total Expenses Current Year | 119186028 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1414282 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2093840 | RevenuesLessExpensesCY |
| Total Assets BOY | 1541023384 | TotalAssetsBOY |
| Total Assets EOY | 1657079411 | TotalAssetsEOY |
| Total Liabilities BOY | 1390552915 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1512994095 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 150470469 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 144085316 | NetAssetsOrFundBalancesEOY |
| Mission Description | BUILD LIFETIME QUALITY FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | . | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 70176 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 688 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MUNICIPAL CREDIT UNION | NamePerson |
| Telephone Number | 2122383336 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22 CORTLANDT STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MARK S BRANTLEY | ||||||||
| CHAIRMAN | 2.0 | X | 4217 | 0 | 0 | |||
| ANGEL L AUDIFFRED | ||||||||
| 1ST VICE CHAIR | 2.0 | X | 0 | 0 | 0 | |||
| JAMES MCKEON | ||||||||
| TREASURER | 2.0 | X | 0 | 0 | 0 | |||
| C RICHARD WAGNER | ||||||||
| DIRECTOR | 2.0 | X | 0 | 0 | 0 | |||
| MALACHY HIGGINS | ||||||||
| DIRECTOR | 2.0 | X | 0 | 0 | 0 | |||
| THOMAS E DIANA | ||||||||
| DIRECTOR | 2.0 | X | 0 | 0 | 0 | |||
| JOSEPH GUAGLIARDO | ||||||||
| SUPERVISORY MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| SHIRLEY JENKINS | ||||||||
| SECRETARY | 2.0 | X | 0 | 0 | 0 | |||
| CHERYL WRIGHT | ||||||||
| SUPERVISORY MEMBER | 1.0 | X | 1751 | 0 | 0 | |||
| GIOVANNI PORCELLI | ||||||||
| SUPERVISORY CHAIRMAN | 2.0 | X | 0 | 0 | 0 | |||
| KAREN LUCAS | ||||||||
| SUPERVISORY SECRETARY | 1.0 | X | 0 | 0 | 0 | |||
| SYLVIA G ASH | ||||||||
| 2ND VICE CHAIR | 2.0 | X | 4379 | 0 | 0 | |||
| SNANA OSEI-BONSU | ||||||||
| ASSISTANT TREASURER | 2.0 | X | 0 | 0 | 0 | |||
| MARIO MATOS | ||||||||
| 3RD VICE CHAIR | 2.0 | X | 1931 | 0 | 0 | |||
| JOY SCHWARTZ | ||||||||
| ASSISTANT SECRETARY | 2.0 | X | 0 | 0 | 0 | |||
| JAMES DURRAH | ||||||||
| DIRECTOR | 2.0 | X | 0 | 0 | 0 | |||
| ALMETA COAXUM | ||||||||
| SUPERVISORY MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| KAM WONG | ||||||||
| PRESIDENT/CEO | 60.0 | 1413500 | 0 | 105787 | X | X | ||
| ANA PUELLO | ||||||||
| EXECUTIVE VICE PRESIDENT/CFO | 60.0 | 437171 | 0 | 144326 | X | X | ||
| NORMAN KOHN | ||||||||
| SENIOR VICE PRESIDENT/COO | 40.0 | 451442 | 0 | 184622 | X | X | ||
| JANET PERKINS | ||||||||
| SVP/CHIEF TECHNOLOGY OFFICER | 40.0 | 416609 | 0 | 72004 | X | X | ||
| CAROLE PORTER | ||||||||
| SVP/RETAIL BANKING OPERATIONS | 40.0 | 317590 | 0 | 52322 | X | X | ||
| THOMAS SICILIANO | ||||||||
| GENERAL COUNSEL | 40.0 | 430772 | 0 | 163685 | X | |||
| RICHARD CASSAMASSA | ||||||||
| SVP/MSO | 40.0 | 242813 | 0 | 182369 | X | |||
| PHIL VELTRE | ||||||||
| DEPUTY GENERAL COUNSEL | 40.0 | 222641 | 0 | 104070 | X | |||
| AHMED CAMPBELL | ||||||||
| VP/LOAN OPERATIONS | 40.0 | 187966 | 0 | 61018 | X | |||
| KIM THOMPSON | ||||||||
| VP/HUMAN RESOURCES | 40.0 | 223676 | 0 | 35946 | X | |||
| ANIE AKPE-LEWIS | ||||||||
| VP/MORTGAGE DEPARTMENT | 40.0 | 177735 | 0 | 43012 | X | |||
| AMY KONG | ||||||||
| VP/RISK DEPARTMENT | 40.0 | 174245 | 0 | 98946 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4708438 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1248107 | TotalOtherCompensation |
| Number Individuals GT100 K | 45 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST INCOME | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 82166228 | TotalRevenueColumn |
| Related Or Exempt Function Income | 82166228 | RelatedOrExemptFunctionIncome |
| Exclusion | $82,166,228 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 82166228 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 783405 | TotalRevenueColumn |
| Related Or Exempt Function Income | 783405 | RelatedOrExemptFunctionIncome |
| Exclusion | $783,405 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| INSURANCE REIMBURSEMENT | 522100 | 4401785 | 2001356 | 2400429 | $2,001,356 |
| SERVICE FEES | 522100 | 33502912 | 31934396 | 1568516 | $31,934,396 |
| OTHER MISCELLANEOUS INCOME | 522100 | 425538 | 425538 | $425,538 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 38330235 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 121279868 | TotalRevenueColumn |
| Related Or Exempt Function Income | 117310923 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 3968945 | UnrelatedBusinessRevenue |
| Exclusion | $117,310,923 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85227 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65000 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4627289 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30449463 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5339069 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6933583 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2690191 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85914 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 610718 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2015206 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6740673 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11316208 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3223788 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10348282 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 616622 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 930197 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5602659 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 696786 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSSES | 9167993 |
| DEBIT AND CREDIT CARD EXPENSE | 3521541 |
| COLLECTION AND CREDIT EXPENSES | 2876357 |
| DIVIDEND EXPENSES IN SAVINGS | 6273524 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4969738 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119186028 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 218080356 | BOY |
| EOY | 233765959 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79540952 | BOY |
| EOY | 97411061 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1169781067 | BOY |
| EOY | 1191712270 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20875133 | BOY |
| EOY | 26948542 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 48627897 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 32923416 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17005211 | BOY |
| EOY | 15704481 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3994588 | BOY |
| EOY | 34406831 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31746077 | BOY |
| EOY | 57130267 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1541023384 | BOY |
| EOY | 1657079411 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33197840 | BOY |
| EOY | 41499931 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1357355075 | BOY |
| EOY | 1471494164 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1390552915 | BOY |
| EOY | 1512994095 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61580433 | BOY |
| EOY | 61580433 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88890036 | BOY |
| EOY | 82504883 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150470469 | BOY |
| EOY | 144085316 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1541023384 | BOY |
| EOY | 1657079411 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2093840 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -8478993 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 22545619 | InvestmentCostOrOtherBasis |
| Depreciation | 13346731 | Depreciation |
| Book Value | 9198888 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 26082278 | InvestmentCostOrOtherBasis |
| Depreciation | 19576685 | Depreciation |
| Book Value | 6505593 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 15704481 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER DEPOSIT | Description |
| Amount | $1,471,494,164 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1471494164 | TotalOfAmounts |
| Total Revenue | 121279868 | TotalRevenue |
| Total Expenses | 119186028 | TotalExpenses |
| Excess Or Deficit For Year | 2093840 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 2093840 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 105838352 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 105838352 | RevenueSubtotal |
| Other Revenues Not Included | 15441516 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 15441516 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 121279868 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 103744512 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 103744512 | ExpensesSubtotal |
| Other Expenses Not Included | 15441516 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 15441516 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 119186028 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 93 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS FOR STUDENTS (MEMBERS) | TypeOfGrant |
| Number Of Recipients | 25 | NumberOfRecipients |
| Amount Of Cash Grant | 65000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I LINE 1B | Identifier |
| Explanation | THE COMPENSATION COMMITTEE (MADE UP OF BOARD OF DIRECTORS) REVIEWS THE PRESIDENT/CFO'S EMPLOYMENT CONTRACT PRIOR TO EXECUTION BY THE BOARD. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |