New York Credit Union Association Inc
- Assets
- $362.5k
- Revenue
- $169.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 91-1996137
Organization Overview
New York Credit Union Association Inc, operating under the name NYCUA Chapters, is located in Albany, NY. The organization was established in 1991. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. NYCUA Chapters 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 12/2022, NYCUA Chapters generated $169.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $121.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S 13 CHAPTERS REFLECT THE GRASSROOTS EFFORTS OF NY CREDIT UNIONS. CHAPTERS GENERATE FUNDS FROM DINNER MEETINGS, SEMINARS, EVENTS AND AN ANNUAL ALLOCATION FROM THE ASSOCIATION. FUNDS ARE EXPENDED ON MEETINGS, EDUCATION, CONSUMER AWARENESS, ADVOCACY, SCHOLARSHIPS AND CHARITABLE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE REVENUE INCLUDES MEMBERSHIP SERVICES WHICH ENCOMPASSES THE EDUCATIONAL SESSIONS THAT PROVIDE PROFESSIONAL TRAINING AND EDUCATION FOR CREDIT UNION MANAGEMENT, EMPLOYEES, AND VOLUNTEERS. COMMUNITY EVENTS ARE ALSO HELD TO PROMOTE CREDIT UNION AWARENESS AND MEMBERSHIP AS WELL AS CONSUMER FINANCIAL EDUCATION. ANNUAL MEETINGS FOR THE CHAPTERS ARE ALSO HELD FOR THE ELECTION OF OFFICERS. ADDITIONALLY, DINNER MEETINGS AND WORKSHOPS ARE HELD TO PROVIDE SPEAKERS ON PERTINENT ISSUES AS WELL AS A FORUM FOR MEMBERS TO EXCHANGE INFORMATION AND DISCUSS REGULATORY ISSUES.
GOLF EVENTS AND SIMILAR SOCIAL EVENTS AND ACTIVITIES ARE HELD IN SEVERAL CHAPTERS AS OF MEANS OF FUNDING CHARITABLE CAUSES WITHIN THEIR COMMUNITIES AS WELL AS COLLEGE SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Carpenter Adirondack Chapter President | Trustee | 1 | $0 |
Chris Hay Adirondack Chapter Treasurer | Trustee | 1 | $0 |
Mike Carter Capital Chapter President | Trustee | 1 | $0 |
Alyssa Evanchick Capital Chapter Treasurer | Trustee | 1 | $0 |
Kristine Coleman-Jelinek Catskill-Hudson President | Trustee | 1 | $0 |
Troy Del Valle Catskill-Hudson Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $45,000 |
| 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 | $45,000 |
| Total Program Service Revenue | $123,670 |
| Investment income | $595 |
| 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 | $169,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,908 |
| Grants and other assistance to domestic individuals. | $18,950 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $121,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,513 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $362,513 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $362,513 |
| 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 | $362,513 |
Grants Awarded
Over the last fiscal year, New York Credit Union Association Inc has awarded $33,948 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN R OISHEI CHILDRENS HOSPITAL PURPOSE: Charitable Donation | $12,000 |
WESTCHESTER MEDICAL CENTER FOUNDATION PURPOSE: Charitable Donation | $12,898 |
NEW YORK CREDIT UNION FOUNDATION PURPOSE: Charitable Donation | $9,050 |