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Nonprofiteer
← ADELFI CREDIT UNION

Form 990 for tax year 2022

Filed by ADELFI CREDIT UNION.

Totals

Total revenue
$55,925,105
Total expenses
$26,687,502
Contributions and grants received
$0
Grants paid
$3,536,606
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$26,687,502

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Gregory C Talbott

    SVP/CFO

    Total calculated
    $786,248
    From this org
    $742,536
    From related orgs
    $0
    Other
    $43,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,100
    Bonus
    $393,853
    Other
    $29,584
    Deferred
    $9,150
    Nontaxable benefits
    $34,562
    Filer's total
    $786,249

  • Abel Luis Pomar

    President/CEO

    Total calculated
    $695,218
    From this org
    $654,006
    From related orgs
    $0
    Other
    $41,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $493,904
    Bonus
    $160,102
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $32,062
    Filer's total
    $695,218

  • Joel Santiago

    Senior Relationship Manager

    Total calculated
    $480,143
    From this org
    $455,252
    From related orgs
    $0
    Other
    $24,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $94,312
    Bonus
    $322,651
    Other
    $38,289
    Deferred
    $3,070
    Nontaxable benefits
    $21,821
    Filer's total
    $480,143

  • Bentley Hatcher

    SVP, Chief Lending Officer

    Total calculated
    $463,743
    From this org
    $420,687
    From related orgs
    $0
    Other
    $43,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,000
    Bonus
    $90,687
    Other
    $0
    Deferred
    $381
    Nontaxable benefits
    $42,675
    Filer's total
    $463,743

  • Charles Kelly

    SVP, Chief Technology and Operations Officer

    Total calculated
    $374,920
    From this org
    $336,789
    From related orgs
    $0
    Other
    $38,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,650
    Bonus
    $74,139
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $28,981
    Filer's total
    $374,920

  • Susan B Rushing

    SVP, Chief Risk Officer

    Total calculated
    $342,317
    From this org
    $322,653
    From related orgs
    $0
    Other
    $19,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,620
    Bonus
    $74,150
    Other
    $883
    Deferred
    $9,150
    Nontaxable benefits
    $10,514
    Filer's total
    $342,317

  • Brian Constable

    VP, Enterprise Banking

    Total calculated
    $297,925
    From this org
    $261,295
    From related orgs
    $0
    Other
    $36,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,160
    Bonus
    $47,135
    Other
    $0
    Deferred
    $7,999
    Nontaxable benefits
    $28,631
    Filer's total
    $297,925

  • Gilbert Walden

    Senior Relationship Manager

    Total calculated
    $290,165
    From this org
    $249,800
    From related orgs
    $0
    Other
    $40,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,000
    Bonus
    $127,116
    Other
    $2,683
    Deferred
    $7,601
    Nontaxable benefits
    $32,765
    Filer's total
    $290,165

  • Jimmy Lee

    SVP, Chief Marketing Officer

    Total calculated
    $286,218
    From this org
    $255,209
    From related orgs
    $0
    Other
    $31,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,240
    Bonus
    $22,969
    Other
    $4,099
    Deferred
    $7,777
    Nontaxable benefits
    $23,231
    Filer's total
    $290,316

  • James Babbage

    Director of Commercial Banking

    Total calculated
    $265,089
    From this org
    $231,466
    From related orgs
    $0
    Other
    $33,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,413
    Bonus
    $94,053
    Other
    $0
    Deferred
    $7,053
    Nontaxable benefits
    $26,571
    Filer's total
    $265,090

  • Heath Burke

    VP Information Technology

    Total calculated
    $240,748
    From this org
    $205,255
    From related orgs
    $0
    Other
    $35,493
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,456
    Bonus
    $36,798
    Other
    $0
    Deferred
    $5,098
    Nontaxable benefits
    $30,396
    Filer's total
    $240,748

  • Nicolette Harms

    SVP/CFO

    Total calculated
    $111,860
    From this org
    $101,307
    From related orgs
    $0
    Other
    $10,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,936
    Bonus
    $0
    Other
    $4,371
    Deferred
    $2,954
    Nontaxable benefits
    $7,599
    Filer's total
    $111,860

  • R Todd Anderson

    Treasurer, Director

    Total calculated
    $6,294
    From this org
    $6,294
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Holly Culhane

    Vice Chair, Director

    Total calculated
    $1,659
    From this org
    $1,659
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Van E Elliott

    Director

    Total calculated
    $1,378
    From this org
    $1,378
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Caryn Ryan

    Secretary, Director

    Total calculated
    $0
    Hours/week
    5

  • Graham Crain

    Chairman, Director

    Total calculated
    $0
    Hours/week
    5

  • Sebastian Igreti

    Director

    Total calculated
    $0
    Hours/week
    5

  • Joshua Guttau

    Director

    Total calculated
    $0
    Hours/week
    5

  • Christopher Montes

    Vice-Chair, Director

    Total calculated
    $0
    Hours/week
    5

  • Jeremy Anderson

    Director

    Total calculated
    $0
    Hours/week
    5

  • John Bastian

    Secretary, Director

    Total calculated
    $0
    Hours/week
    5

  • Hal Hoxie

    Director

    Total calculated
    $0
    Hours/week
    5

  • Hilda Kennedy

    Director

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Adelfi Credit Union has travel policies and procedures for employees and Board of Directors.
Schedule J, Part I, Line 3
The Compensation Committee meets at least annually to identify the CEO's performance, objectives and related short-term incentive targets. Periodically industry-specific surveys are reviewed and other sources are secured to determine appropriate compensation levels. The Board of Directors reviews the Compensation Committee's recommendations of the CEO's total cash compensation and targets and makes a final determination. Salary grades for all positions, including other officers, are determined after consulting with external independent firms that provide comparability data.
Schedule J, Part I, Line 4
The following individual received a severance payment in 2022: Joel Santiago ($35,670). Employment with Adelfi Credit Union ceased on 11/29/2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202322369349300502

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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