2011-11-09T12:36:06-06:00 2010-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2010-01-01 135261470 MUNICIPAL CREDIT UNION MUNI 2122383336 22 CORTLANDT ST 26TH FLOOR NEW YORK NY 10007 Ana Puello 2011-11-08 true MARIE ARRIGO 2129498700 2010 2016-02-24 21:20:13Z 22 CORTLANDT STREET 175152232 false X WWW.NYMCU.ORG X 1917 NY BUILD LIFETIME QUALITY FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. 18 18 678 24 3927113 565400 0 0 90226252 88008177 1176868 3415645 30623165 33914490 122026285 125338312 129942 174475 0 0 43838701 48607578 0 0 0 76283579 75141977 120252222 123924030 1774063 1414282 1465136968 1541023384 1313675177 1390552915 151461791 150470469 BUILD LIFETIME QUALITY FINANCIAL RELATIONSHIPS WITH EACH MEMBER PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES. 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 69744 0 true 678 true true true false false false false false X 18 18 false false false false true true true true true false false true true true true true true true true false X X MUNICIPAL CREDIT UNION 2122383336 22 CORTLANDT STREET NEW YORK NY 10007 MARK BRANTLEY 2.0 X 6370 0 0 ANGEL AUDIFFRED 2.0 X 0 ANN GARFIELD-RESIGNED 82010 1.0 X 0 JAMES MCKEON 2.0 X 0 C RICHARD WAGNER 2.0 X 0 MALACHY HIGGINS 2.0 X 0 THOMAS DIANA 2.0 X 0 JOSEPH GUAGLIARDO 1.0 X 0 SHIRLEY JENKINS 2.0 X 0 CHERYL WRIGHT 1.0 X 0 GIOVANNI PORCELLI 2.0 X 0 KAREN LUCAS 1.0 X 0 SYLVIA ASH 2.0 X 3349 SNANA OSEI-BONSU 2.0 X 0 MARIO MATOS 2.0 X 1749 JOY SCHWARTZ 2.0 X 0 JAMES DURRAH 1.0 X 0 ALMETA COAXUM 1.0 X 0 KAM WONG 60.0 X X 1344401 100843 ANA PUELLO 60.0 X X 355308 138580 NORMAN KOHN 40.0 X X 398714 170352 JANET PERKINS 40.0 X X 380976 64065 CAROLE PORTER 40.0 X X 285528 55450 THOMAS SICILIANO 40.0 X 417964 147824 RICHARD CASSAMASSA 40.0 X 195591 135735 PHIL VELTRE 40.0 X 215311 100244 AHMED CAMPBELL 40.0 X 184744 49319 KIM THOMPSON 40.0 X 212171 31889 ANIE AKPE-LEWIS 40.0 X 170544 45086 4172720 0 1039387 39 false true false MAYORE ESTATES LLC 1177 AVENUE OF THE AMERICAS NEW YORK NY 10036 OFFICE LEASING 5329779 MACERICH QUEENS LTD PARTNERSHIP DEPARTMENT 2596-3150 LOS ANGELES CA 900842593 OFFICE LEASING 579078 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 AUDITING 512137 MALEN ASSOCIATES PC 123 FOREST STREET WESTBURY NY 11590 LEGAL 450867 BROOKLYN RENAISSANCE PLAZA LLC 118-35 QUEENS BOULEVARD FOREST HILLS NY 11375 OFFICE LEASING 408552 15 0 INTEREST INCOME 522100 88008177 88008177 0 88008177 88008177 714815 714815 0 714815 0 0 52514750 49813920 2700830 2700830 2700830 0 2700830 0 0 0 INSURANCE REIMBURSEMENT 522100 4622235 2444593 2177642 2444593 SERVICE FEES 522100 28925286 27175815 1749471 27175815 OTHER MISCELLANEOUS INCOME 522100 366969 366969 366969 33914490 125338312 121411199 3927113 121411199 109475 65000 0 0 3871474 0 29115318 6068187 6909651 2642948 0 265455 458105 0 0 0 1712834 6341054 12106876 2987935 0 9294234 573862 0 850241 0 0 5822454 844387 PROVISION FOR LOAN LOSSES 14448060 DEBIT AND CREDIT CARD EXPENSE 2948267 COLLECTION AND CREDIT EXPENSES 2943013 DIVIDEND EXPENSES IN SAVINGS 8300723 NCUA ASSESSMENT & PREMIUM 3603140 1641357 123924030 86613339 218080356 94221412 79540952 1200858519 1169781067 3262166 20875133 49089422 32084211 19545870 17005211 34005001 3994588 26630661 31746077 1465136968 1541023384 32525599 33197840 1281149578 1357355075 1313675177 1390552915 X 61580433 61580433 89881358 88890036 151461791 150470469 1465136968 1541023384 X 1414282 -2405604 X false true true false 21522414 0 11357981 10164433 27567008 0 20726230 6840778 17005211 0 MEMBER DEPOSIT 1357355075 1357355075 125338312 123924030 1414282 1414282 125338312 125338312 125338312 123924030 123924030 123924030 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 ORGANIZATIONS FINANCIAL STATEMENT. true NY CREDIT UNION FOUNDATION 1021 WATERVLIET-SHAKER ROAD ALBANY NY 12205 161527073 501(C)3 10000 SEE PART IV AACUC PO BOX 1612 SHREVEPORT LA 711621612 571091138 501(C)3 22500 SEE PART IV WORLD COUNCIL OF CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 391143339 501(C)6 20000 SEE PART IV UNITED FEDERATION OF TEACHERS 52 BROADWAY NEW YORK NY 10004 135582895 501(C)5 7000 SEE PART IV QUEENS COLLEGE QCAF-AAARI 65-30 KISSENA BLVD FLUSHING NY 11367 116001344 501(C)3 7500 SEE PART IV 4 75 SCHOLARSHIPS FOR STUDENTS (MEMBERS) 53 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) NY CREDIT UNION FOUNDATION DONATION IS TO IMPROVE FINANCIAL LITERACY OF YOUTH 2) AACUC DONATION IS TO IMPROVE THE FINANCIAL LITERACY TO THE AFRICAN AMERICAN COMMUNITIES 3) WORLD COUNCIL OF CREDIT UNIONS DONATION IS FOR THE DISASTER RELIEF FUND FOR HAITI IN THE WAKE OF THE JANUARY 12, 2010 EARTHQUAKE 4) UNITED FEDERATION OF TEACHERS DONATION IS FOR SUPPORT OF TEACHERS TO IMPROVE YOUTH LITERACY 5)QUEENS COLLEGE QCAF-AAARI DONATION IS FOR SUPPORT OF ASIAN AMERICAN/ASIAN RESEARCH INSTITUTE AT THE CITY UNIVERSITY OF NEW YORK AT QUEENS COLLEGE X true true X X false false false KAM WONG 670686 600000 73715 69858 30985 1445244 1313629 ANA PUELLO 230800 120000 4508 125801 12779 493888 415164 THOMAS SICILIANO 250955 130000 37009 116839 30985 565788 475752 NORMAN KOHN 252878 130000 15836 139367 30985 569066 487939 JANET PERKINS 247310 120000 13666 51287 12778 445041 398141 CAROLE PORTER 203037 72000 10491 42672 12778 340978 333903 PHIL VELTRE 163129 40000 12182 69351 30893 315555 282756 AHMED CAMPBELL 153744 30000 1000 25348 23971 234063 225147 KIM THOMPSON 162171 50000 0 19234 12655 244060 218532 RICHARD CASSAMASSA 150591 45000 0 104894 30841 331326 274339 ANIE AKPE-LEWIS 135544 35000 0 14292 30794 215630 0 1 PART VI SECTION A GOVERNING BODY AND MANAGEMENT - # 7B THIS IS ONLY TRUE IN VERY LIMITED SITUATIONS 2 PART VI SECTION B POLICIES - #11A 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. 4 PART VI SECTION B POLICIES - # 15A & 15B IN 2008 TED TRUNASELLA, COMPENSATION CONSULTANT, CONDUCTED AN EXTENSIVE REVIEW AND PROVIDED RECOMMENDATIONS. 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 $2,039,367 CHANGE IN PENSION BENEFIT ASSET ($4,442,047) CHANGE IN MARKET VALUE OF INVESTMENTS AVAILABLE FOR SALE ($2,924) ------------ TOTAL CHANGE IN NET ASSETS ($2,405,604) ============