National Association Of State Credit Union Supervisors is located in Arlington, VA. The organization was established in 1978. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, National Association Of State Credit Union Supervisors employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of State Credit Union Supervisors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, National Association Of State Credit Union Supervisors generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 8 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
THE NASCUS MISSION IS TO FORGE A VIBRANT DUAL CHARTER SYSTEM BY PROMOTING A RELEVANT, GROWTH-ORIENTED, AND HEALTHY STATE CHARTER OPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CONFERENCE FOR MEMBERS FOR EDUCATION AND NETWORKING PURPOSES;ONSITE TRAINING EVENTS FOR PROFESSIONAL DEVELOPMENT AND ONGOING EDUCATION FOR MEMBERS; ONLINE EDUCATIONAL OFFERINGS ON VARIOUS PERTINENT, TIMELY SUBJECTS FOR MEMBERS. NASCUS CONDUCTS THESE ACTIVITIES TO IMPROVE THE SUPERVISION OF STATE-CHARTERED CREDIT UNIONS AND TO FACILITATE THE ADMINISTRATION OF LAWS AND REGULATIONS GOVERNING SUCH INSTITUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janet Powell Chair | OfficerTrustee | 2 | $0 |
Katie Averill Vice Chair | OfficerTrustee | 1 | $0 |
Denice Schultheiss Secretary/treasurer | OfficerTrustee | 2 | $0 |
Yolanda Ford Director | Trustee | 1 | $0 |
Amy Hunter Director | Trustee | 1 | $0 |
Corey Krebs Director | Trustee | 1 | $0 |
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 | $3,722,386 |
Investment income | $75,409 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$30,036 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,903,784 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,615,466 |
Pension plan accruals and contributions | $39,811 |
Other employee benefits | $97,802 |
Payroll taxes | $104,065 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,635 |
Fees for services: Accounting | $12,605 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $323,950 |
Advertising and promotion | $8,171 |
Office expenses | $42,245 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $180,452 |
Travel | $178,030 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $109,244 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $16,991 |
Insurance | $8,545 |
All other expenses | $18,205 |
Total functional expenses | $3,367,047 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,895,452 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $205,029 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $250,590 |
Net Land, buildings, and equipment | $15,485 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,947,355 |
Intangible assets | $592,209 |
Other assets | $15,957 |
Total assets | $6,922,077 |
Accounts payable and accrued expenses | $428,643 |
Grants payable | $0 |
Deferred revenue | $1,593,087 |
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 | $731,105 |
Total liabilities | $2,752,835 |
Net assets without donor restrictions | $4,169,242 |
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 | $0 |
Total liabilities and net assets/fund balances | $6,922,077 |