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Nonprofiteer
← NEW YORK CREDIT UNION ASSOCIATION INC

Form 990 for tax year 2022

Filed by NEW YORK CREDIT UNION ASSOCIATION INC.

Totals

Total revenue
$2,645,524
Total expenses
$2,939,245
Contributions and grants received
$227,863
Grants paid
$0
Program service revenue
$2,600,850
Investment income
-$179,964
Other revenue
-$3,225
Total assets, end of year
$26,165,892
Total liabilities, end of year
$2,557,304
Net assets or fund balances, end of year
$23,608,588
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $227,863

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,839,493 · related or exempt $1,839,493

  • 2b · Program service revenue: ANNUAL MEETING & CONVENTION

    total $396,106 · related or exempt $396,106

  • 2c · Program service revenue: MEMBER SERVICES

    total $365,251 · related or exempt $365,251

  • 3 · Investment income

    total $83,835 · excluded $83,835

  • 7a · Gross sales of assets other than inventory

    securities $5,656,550

  • 7b · Less cost or other basis and sales expenses

    securities $5,920,349

  • 7c · Gain or loss

    securities -$263,799

  • 7d · Net gain or loss

    total -$263,799 · excluded -$263,799

  • 11a · Other revenue: CREDIT UNION HOUSE LLC

    total -$3,225 · excluded -$3,225

  • 11e · Other revenue, total

    -$3,225

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $659,090

  • 7 · Other salaries and wages

    total $656,369

  • 8 · Pension plan contributions

    total $14,914

  • 9 · Other employee benefits

    total $34,885

  • 10 · Payroll taxes

    total $85,233

  • 11c · Fees: accounting

    total $22,852

  • 11g · Fees: other

    total $3,810

  • 12 · Advertising and promotion

    total $21,845

  • 13 · Office expenses

    total $32,147

  • 14 · Information technology

    total $155,812

  • 16 · Occupancy

    total $38,652

  • 17 · Travel

    total $76,695

  • 19 · Conferences, conventions and meetings

    total $630,066

  • 22 · Depreciation, depletion and amortization

    total $37,758

  • 23 · Insurance

    total $20,935

  • 24a · Other expenses: GOVERNMENTAL ACTIVITIES

    total $179,439

  • 24b · Other expenses: MANAGEMENT ALLOCATION

    total $168,916

  • 24c · Other expenses: CREDIT UNION SUPPORT

    total $67,520

  • 24d · Other expenses: PUBLIC RELATIONS

    total $32,307

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,846,888 · end of year $3,121,286

  • 4 · Accounts receivable

    beginning of year $50,000 · end of year $66,452

  • 9 · Prepaid expenses and deferred charges

    beginning of year $120,244 · end of year $134,776

  • 10a · Land, buildings and equipment: cost or other basis

    $165,116

  • 10b · Land, buildings and equipment: accumulated depreciation

    $110,087

  • 10c · Land, buildings and equipment, net

    beginning of year $79,686 · end of year $55,029

  • 12 · Investments: other securities

    beginning of year $22,380,952 · end of year $22,788,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,778,247 · end of year $1,314,698

  • 19 · Deferred revenue

    beginning of year $1,403,862 · end of year $1,213,074

  • 25 · Other liabilities

    beginning of year $5,721 · end of year $29,532

  • 27 · Net assets without donor restrictions

    beginning of year $22,295,012 · end of year $22,742,277

  • 28 · Net assets with donor restrictions

    beginning of year $994,928 · end of year $866,311

Mission and programs · 2022

Mission

PLEASE SEE SCHEDULE O (PART I, LINE 1) FOR MISSION DESCRIPTION.

Activities or mission (Part I)

THE NEW YORK CREDIT UNION ASSOCIATION, INC. (NYCUA) ADVANCES THE CREDIT UNION MOVEMENT BY ADVOCATING, EDUCATING, SUPPORTING, AND UNIFYING THE INTERESTS OF ALL CREDIT UNIONS IN NEW YORK STATE. FOUNDED IN 1917, NYCUA PROVIDES CREDIT UNIONS WITH A FULL RANGE OF SERVICES INCLUDING EDUCATION AND TRAINING, ADVOCACY, COMMUNITY OUTREACH, AND COMPLIANCE. UNDER THE LEADERSHIP OF PRESIDENT/CEO WILLIAM J. MELLIN, NYCUA IS NOW THE 4TH LARGEST CREDIT UNION ASSOCIATION IN THE COUNTRY.

  • THE NEW YORK CREDIT UNION ASSOCIATION, INC. ("THE ASSOCIATION") HAS WORKED "TO SERVE AND SUPPORT CREDIT UNIONS" SINCE 1917. AS THE TRADE ASSOCIATION FOR APPROXIMATELY 300 NOT-FOR-PROFIT, MEMBER-OWNED CREDIT UNIONS IN NEW YORK, THE ASSOCIATION PROMOTES THE HEALTH AND WELL BEING OF THE CREDIT UNION MOVEMENT AT THE NATIONAL, STATE AND LOCAL LEVEL. THE ASSOCIATION UNIFIES CREDIT UNIONS AND PROMOTES THEIR MUTUAL WELFARE, WHILE ALSO MAINTAINING CONTACTS WITH SIMILAR ORGANIZATIONS IN OTHER STATES. EDUCATIONAL SEMINARS AND PROGRAMS PROVIDE MEMBER CREDIT UNIONS WITH ANOTHER SOURCE OF INFORMATION. THESE PROGRAMS, AVAILABLE TO ALL MEMBER CREDIT UNIONS, ARE EDUCATIONAL IN NATURE, PROVIDING INFORMATION TO CREDIT UNIONS ON ISSUES IMPACTING THE CREDIT UNION MOVEMENT. MEMBER CREDIT UNIONS ARE KEPT ABREAST OF CURRENT ISSUES, LAWS, AND REGULATIONS AS WELL AS BUSINESS AND CONSUMER TRENDS RELEVANT TO CREDIT UNIONS. NYCUA'S FULL-TIME COMPLIANCE STAFF ANSWERS QUESTIONS AND WORKS WITH CREDIT UNIONS ON ISSUES THAT IMPACT THEM DAILY WHILE AT THE SAME TIME SERVING AS A LIAISON BETWEEN CREDIT UNIONS AND MANY REGULATORY AGENCIES SUCH AS THE NATIONAL CREDIT UNION ADMINISTRATION AND THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. NYCUA ACTS AS AN ADVOCATE FOR LEGISLATION IN SUPPORT OF CREDIT UNIONS AND CONSUMERS IN GENERAL AT BOTH STATE AND NATIONAL LEVEL LAWMAKERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Genevieve Caputo

    DIRECTOR OF COMPLIANCE

    Total calculated
    $113,960
    From this org
    $113,351
    From related orgs
    $0
    Other
    $609
    Hours/week
    35

  • Robyn Young

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Tony Rohrmeier

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Eric Hepkins

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Maggie Pope

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Laurie Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Marie Betti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Vicky Burdick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Frank Degraw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Garrett Gizowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Wayne Grosse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ann Hynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • A Ryan Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Keith Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • William J Mellin

    PRESIDENT/CEO

    Total calculated
    $577,439
    From this org
    $281,337
    From related orgs
    $281,336
    Other
    $14,766
    Hours/week
    17.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $202,648 + $202,647 related
    Bonus
    $40,653 + $40,653 related
    Other
    $38,036 + $38,036 related
    Deferred
    $5,800 + $5,800 related
    Nontaxable benefits
    $1,583 + $1,583 related
    Filer's total
    $288,720 + $288,719 related

  • Edward Kovalefsky

    CHIEF FINANCIAL OFFICER

    Total calculated
    $182,222
    From this org
    $36,256
    From related orgs
    $145,023
    Other
    $943
    Hours/week
    7 + 28 related

    Schedule J breakdown matched by us

    Base
    $32,095 + $128,380 related
    Bonus
    $3,921 + $15,683 related
    Other
    $240 + $960 related
    Deferred
    $0
    Nontaxable benefits
    $189 + $754 related
    Filer's total
    $36,445 + $145,777 related

  • Gregory Mastrangelo

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $178,638
    From this org
    $42,927
    From related orgs
    $128,782
    Other
    $6,929
    Hours/week
    8.75 + 26.25 related

    Schedule J breakdown matched by us

    Base
    $38,144 + $114,433 related
    Bonus
    $4,483 + $13,449 related
    Other
    $300 + $900 related
    Deferred
    $1,530 + $4,591 related
    Nontaxable benefits
    $202 + $606 related
    Filer's total
    $44,659 + $133,979 related

  • Christopher Pajak

    VP OF MEMBER RELATIONS

    Total calculated
    $152,451
    From this org
    $146,556
    From related orgs
    $0
    Other
    $5,895
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $128,811
    Bonus
    $16,545
    Other
    $1,200
    Deferred
    $5,168
    Nontaxable benefits
    $727
    Filer's total
    $152,451

  • Lori Mayer

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $135,189
    From this org
    $31,790
    From related orgs
    $95,369
    Other
    $8,030
    Hours/week
    8.75 + 26.25 related

  • Barbara Delafayette

    CONTROLLER

    Total calculated
    $124,324
    From this org
    $58,292
    From related orgs
    $58,292
    Other
    $7,740
    Hours/week
    17.5 + 17.5 related

  • Laurie Moore

    DIRECTOR OF EXECUTIVE AFFAIRS

    Total calculated
    $117,439
    From this org
    $55,272
    From related orgs
    $55,272
    Other
    $6,895
    Hours/week
    17.5 + 17.5 related

  • Henry Meier

    GENERAL COUNSEL

    Total calculated
    $152,017
    From this org
    $134,987
    From related orgs
    $14,999
    Other
    $2,031
    Hours/week
    31.5 + 3.5 related

    Schedule J breakdown matched by us

    Base
    $118,517 + $13,169 related
    Bonus
    $15,750 + $1,750 related
    Other
    $720 + $80 related
    Deferred
    $1,217 + $135 related
    Nontaxable benefits
    $611 + $68 related
    Filer's total
    $136,815 + $15,202 related

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, and on a Form 990-PF Part VIII's — 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 · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CONSOLIDATED LEAGUE SERVICES INC

    C · MANAGEMENT COMPANY · NY · 100% owned · share of income $4,173,314 · share of assets $21,335,297 · controlled entity

    Directly controlled by NEW YORK CREDIT UNION ASSOCIATION INC

  • CUC SERVICES INC

    C · SERVICE PROVIDER · NY · 100% owned · share of income $136,237 · share of assets $1,895,261 · controlled entity

    Directly controlled by CONSOLIDATED LEAGUE SERVICES INC

  • OWNERSCHOICE FUNDING INCORPORATED

    C · SERVICE PROVIDER · NY · 100% owned · share of income $7,818,483 · share of assets $10,534,810 · controlled entity

    Directly controlled by CONSOLIDATED LEAGUE SERVICES INC

  • CUC MANAGEMENT INC

    C · PAYROLL · NY · 100% owned · share of income $8,272,851 · share of assets $7,104 · controlled entity

    Directly controlled by CONSOLIDATED LEAGUE SERVICES INC

  • controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202333049349301013

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