One Credit Union Of Ny (fka Buffalo Serv
- Assets
- $81.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Cheektowaga, NY
- Founding
- Data as of
- 12/2023
- EIN
- 16-0368000
Organization Overview
One Credit Union Of Ny (fka Buffalo Serv is located in Cheektowaga, NY. As of 12/2023, One Credit Union Of NY (fka Buffalo Serv employed 14 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 12/2023, One Credit Union Of NY (fka Buffalo Serv generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
2023
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 |
|---|---|---|---|
Kimberly Wallace President | OfficerTrustee | 1 | $0 |
Matthew Yusick Vice President | Trustee | 1 | $0 |
Melissa Dennee Director | Trustee | 1 | $0 |
Andrew Rayer Director | Trustee | 1 | $0 |
Shantee Perkins Secretary | Trustee | 1 | $0 |
Kenneth Naples 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 | $3,340,775 |
| 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 | $3,975,030 |
| 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. | $327,093 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $617,108 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $204,833 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,292 |
| Fees for services: Other | $208,864 |
| Advertising and promotion | $99,594 |
| Office expenses | $137,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,941 |
| Travel | $5,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,954 |
| Insurance | $0 |
| All other expenses | $38,618 |
| Total functional expenses | $2,490,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,698 |
| Savings and temporary cash investments | $42,127,235 |
| 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 | $34,592,147 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $231,583 |
| Net Land, buildings, and equipment | $2,184,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,375,496 |
| Total assets | $81,201,249 |
| Accounts payable and accrued expenses | $471,459 |
| Grants payable | $0 |
| Deferred revenue | $1,724,424 |
| 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 | $72,043,263 |
| Total liabilities | $74,239,146 |
| 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 | $6,962,103 |
| Total liabilities and net assets/fund balances | $81,201,249 |