One Credit Union Of Ny (fka Buffalo Serv
- Assets
- $83.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Buffalo, NY
- Founding
- Data as of
- 12/2021
- EIN
- 16-0368000
Organization Overview
One Credit Union Of Ny (fka Buffalo Serv is located in Buffalo, NY. As of 12/2021, One Credit Union Of NY (fka Buffalo Serv employed 13 individuals. One Credit Union Of NY (fka Buffalo Serv 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, One Credit Union Of NY (fka Buffalo Serv generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO SERVICE THE BANKING NEEDS OF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE THE BANKING NEEDS OF MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Furman Ceo/treasurer | Officer | 40 | $152,352 |
Jodie M Penfold Administrator | Officer | 40 | $123,754 |
Sharon Cianciosi Vice President | OfficerTrustee | 1 | $0 |
Andrew Rayer President | Officer | 1 | $0 |
Kimberly Wallace Director | Trustee | 1 | $0 |
Matthew Yusick Director | Trustee | 1 | $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 | $1,810,409 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,649,007 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $281,711 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $206,057 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,135 |
| Travel | $2,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,739 |
| Insurance | $0 |
| All other expenses | $135,980 |
| Total functional expenses | $2,218,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913,876 |
| Savings and temporary cash investments | $55,298,525 |
| 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 | $25,552,599 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $165,005 |
| Net Land, buildings, and equipment | $175,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080,031 |
| Total assets | $83,185,157 |
| Accounts payable and accrued expenses | $178,045 |
| 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 | $75,016,463 |
| Total liabilities | $75,194,508 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,990,649 |
| Total liabilities and net assets/fund balances | $83,185,157 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that One Credit Union Of Ny (fka Buffalo Serv has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Osc Charitable Foundation Buffalo, NY PURPOSE: UNRESTRICTED | $500 |
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|---|---|---|
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Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
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