Norton Troy Employees Credit Union NY State Chartered Credit Union
- Assets
- $5.1m
- Revenue
- $46.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Cohoes, NY
- Founding
- Data as of
- 12/2021
- EIN
- 14-0496597
Organization Overview
Norton Troy Employees Credit Union NY State Chartered Credit Union is located in Cohoes, NY. As of 12/2021, Norton Troy Employees Credit Union NY State Chartered Credit Union employed 3 individuals. Norton Troy Employees Credit Union NY State Chartered Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Norton Troy Employees Credit Union NY State Chartered Credit Union generated $46.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (40.2%) each year. All expenses for the organization totaled $114.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE EMPLOYEES OF ST GOBAIN AND RETIREES OF ST GOBAIN, NORTON & NASHUA COMPANIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SAVINGS ACCOUNTS TO MEMBERS TO PROVIDE LOANS TO SAINT GOBAIN EMPLOYEES AND RETIREES OF NORTON AND NASHUA COMPANIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Theilmann Manager | Officer | 35 | $42,082 |
Stacey Drabik Assistant Manager | Officer | 35 | $29,222 |
Nancy Omalley Accounting Manager | Officer | 12 | $5,728 |
Robert Goyer Secretary | Trustee | 20 | $2,991 |
Robert Stewart Chairman | Trustee | 6 | $0 |
Roderick Cripps Vice Chairman | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $46,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $337 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,067 |
| Compensation of current officers, directors, key employees. | $80,023 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,763 |
| Payroll taxes | $6,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,801 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,920 |
| All other expenses | $160 |
| Total functional expenses | $114,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,270 |
| Savings and temporary cash investments | $3,118,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,164,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,467 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,112,526 |
| Accounts payable and accrued expenses | $15,709 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,228,821 |
| Total liabilities | $4,244,530 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $510,120 |
| Retained earnings, endowment, accumulated income, or other funds | $357,876 |
| Total liabilities and net assets/fund balances | $5,112,526 |