NEW YORK CREDIT UNION ASSOCIATION INC

EIN: 135582889

ALBANY, NY

Total Revenue
$2,770,541
Total Expenses
$3,020,573
Total Assets
$26,947,499
Net Assets
$24,183,044
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1917
Legal Domicile
NY
Principal Officer
WILLIAM J MELLIN
Phone
8003429835
Tax Period
2023-01-01 to 2023-12-31

NEW YORK CREDIT UNION ASSOCIATION INC, founded in 1917, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Net assets of $24.2M represent 105 months of operating reserves.

Mission

THE NEW YORK CREDIT UNION ASSOCIATION, INC. (NYCUA) ADVANCES THE CREDIT UNION MOVEMENT BY ADVOCATING, EDUCATING, SUPPORTING, AND UNIFYING THE INTERESTS OF ALL CREDIT UNIONS IN NEW YORK STATE. FOUNDED IN 1917, NYCUA PROVIDES CREDIT UNIONS WITH A FULL RANGE OF SERVICES INCLUDING EDUCATION AND TRAINING, ADVOCACY, COMMUNITY OUTREACH, AND COMPLIANCE. UNDER THE LEADERSHIP OF PRESIDENT/CEO WILLIAM J. MELLIN, NYCUA IS NOW THE 4TH LARGEST CREDIT UNION ASSOCIATION IN THE COUNTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,689,868
Investment Income $80,012
Other Revenue $661
TOTAL REVENUE $2,770,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,213,137
Fundraising Expenses $0
Other Expenses $1,807,436
TOTAL EXPENSES $3,020,573

Year-over-Year Comparison

2023 2022 Change
Revenue $2,770,541 $2,645,524 +0.0%
Expenses $3,020,573 $2,939,245 +0.0%
Net Income $-250,032 $-293,721 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
10
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$784,842
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC HEPKINS CHAIR 4.00
Officer Director
$0 $0 $0
MAGGIE POPE VICE CHAIR 4.00
Officer Director
$0 $0 $0
A RYAN ROBERTS TREASURER 4.00
Officer Director
$0 $0 $0
GARRETT GIZOWSKI SECRETARY 4.00
Officer Director
$0 $0 $0
LAURIE BAKER DIRECTOR 4.00
Director
$0 $0 $0
MARIE BETTI DIRECTOR 4.00
Director
$0 $0 $0
VICKY BURDICK DIRECTOR 4.00
Director
$0 $0 $0
BRAD CALHOUN DIRECTOR 4.00
Director
$0 $0 $0
BRIAN MAY DIRECTOR 4.00
Director
$0 $0 $0
KEVIN MIETLICKI DIRECTOR 4.00
Director
$0 $0 $0
KEITH STONE DIRECTOR 4.00
Director
$0 $0 $0
JOHNATHAN ROBERTS DIRECTOR 4.00
Director
$0 $0 $0
ROBYN YOUNG DIRECTOR 4.00
Director
$0 $0 $0
WILLIAM J MELLIN PRESIDENT/CEO 17.50
Officer
$278,852 $13,060 $570,764
EDWARD KOVALEFSKY CHIEF FINANCIAL OFFICER 7.00
Officer
$42,534 $1,406 $214,078
GREGORY MASTRANGELO CHIEF TECHNOLOGY OFFICER 8.75
Highest
$46,851 $7,699 $195,102
CHRISTOPHER PAJAK VP OF MEMBER RELATIONS 35.00
Highest
$179,521 $7,768 $187,289
LORI MAYER DIRECTOR OF HUMAN RESOURCE 8.75
Highest
$33,566 $7,827 $142,091
BARBARA DELAFAYETTE CONTROLLER 17.50
Highest
$60,022 $8,920 $128,963
LAURIE MOORE DIRECTOR OF EXECUTIVE AFFA 17.50
Highest
$58,226 $7,162 $123,614
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,770,541 $3,020,573 $26,947,499 $-250,032
2022 $2,645,524 $2,939,245 $26,165,892 $-293,721
2021 $2,081,668 $2,232,664 $26,477,770 $-150,996
2020 $2,857,361 $2,589,098 $25,292,098 $268,263
2019 $3,281,324 $3,216,640 $25,308,872 $64,684
2018 $3,324,238 $3,105,330 $23,963,436 $218,908
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