New York Credit Union Association Inc
Nonprofit profile at a glance
- EIN
- 135582889
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Albany, NY, USA
- Phone
- 8003429835
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,145,497
- Expenses
- $3,278,940
- Assets
- $27,405,081
- Liabilities
- $2,831,296
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- WILLIAM J MELLIN (PRESIDENT/CEO)
Highest reported compensation
- WILLIAM J MELLIN (PRESIDENT/CEO): $613,513 total reported compensation
- EDWARD KOVALEFSKY (CHIEF FINANCIAL OFFICER): $222,979 total reported compensation
- CHRISTOPHER PAJAK (CHIEF OPERATING OFFICER): $208,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Please see schedule o (part i, line 1) for mission description.
What it reported doing in 2024
The New York credit union association, inc. ("the association") has worked "to serve and support credit unions" since 1917. As the trade association for approximately 300 not-for-profit, member-owned credit unions in New York, the association promotes the health and well being of the credit union movement at the national, state and local level. The association unifies credit unions and promotes their mutual welfare, while also maintaining contacts with similar organizations in other states. Educational seminars and programs provide member credit unions with another source of information. These programs, available to all member credit unions, are educational in nature, providing information to credit unions on issues impacting the credit union movement. Member credit unions are kept abreast of current issues, laws, and regulations as well as business and consumer trends relevant to credit unions. Nycua's compliance experts answer questions and work with credit unions on issues that impact them daily while at the same time serving as a liaison between credit unions and many regulatory agencies such as the national credit union administration and the New York state department of financial services. Nycua acts as an advocate for legislation in support of credit unions and consumers in general at both state and national level lawmakers.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 44
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.2%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 8.36; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 29.1%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.6% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $614K · 20 people listed · 3 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.