One Credit Union of Ny

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

10 people listed

JAMES FURMAN (CHIEF EXECUTIVE OFFICER/ TREASURER): $286,441 total reported compensation
JODIE M PENFOLD (ADMINISTRATOR): $195,637 total reported compensation
KATHLEEN FORDHAM (CHIEF LENDING OFFICER/ CHIEF MARKETING OFFICER): $129,497 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

As a credit union we serice the banking needs of our members.

Serve the banking needs of members

Revenue model: Earned-program. 83% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Missing
- Independent financial-statement audit: Fail

Operating margin: 21.5%; rating input score 74; 74th percentile among comparable filings
Total-asset coverage ratio: 24.08; rating input score 96; 96th percentile among comparable filings
Liabilities to assets ratio: 0.88; rating input score 5; 5th percentile among comparable filings
Officer compensation ratio: 15.6%; rating input score 21; 21st percentile among comparable filings

Program expense growth: 5.2% per year; rating input score 100; 37th percentile among comparable filings
Revenue growth: 7.7% per year; rating input score 100; 56th percentile among comparable filings
Asset growth: 7.1% per year; rating input score 100; 44th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
Programs: 1 filed program accomplishment · $4.6M in reported program spending
Leadership: top reported pay $286K · 10 people listed · 0 of 6 pay-setting controls reported
Consistency: 10 of 10 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2025
Contacts: How to reach this organization
Money network: 4 filed money-flow records
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Signals prioritize questions for review. They are not findings of misconduct.