Overview
What is New York Credit Union Association Inc?
New York Credit Union Association Inc, established in 1917, serves as a supportive network for approximately 300 not-for-profit credit unions in New York. The organization's primary role is to bolster the health and well-being of the credit union movement at both national and local levels. This is achieved through advocacy, education, and unification of credit unions, promoting their mutual welfare. The association hosts educational seminars and programs, offering valuable information to its member credit unions on various issues affecting the movement. Members stay updated on current laws, regulations, and trends relevant to credit unions, with NYCUA's compliance staff providing assistance and serving as a liaison with regulatory agencies. As an advocate, NYCUA supports legislation beneficial to credit unions and consumers at both state and national levels. Under the leadership of President/CEO William J. Mellin, NYCUA is now one of the largest credit union associations in the country.
Official website here: www.nycua.org
What do the Facebook reviews say about New York Credit Union Association Inc?
100% of 7 reviewers on Facebook recommend the New York Credit Union Association Inc. Here's a summary of their reviews:
Many individuals highlight the association's strong commitment to advocacy, education, and support for its members. Reviewers appreciate the substantial efforts made in educating the community while providing necessary resources for credit unions. The sentiment reflects a general endorsement of the organization's role in promoting and sustaining credit unions within New York.
Overall, supporters feel a high level of satisfaction with the association's initiatives and its dedication to helping the sector thrive. The positive experiences shared indicate that the association successfully fulfills its mission, making it a valued resource for those involved with credit unions.
This AI summary has been generated from reviews found on Facebook.
Is New York Credit Union Association Inc legitimate?
New York Credit Union Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. New York Credit Union Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $659,090
Professional Fundraising Fees: $0
Other Salaries and Wages: $656,369
For more financial information, click here
Official website here: www.nycua.org
What is the mission statement of New York Credit Union Association Inc?
The New York Credit Union Association Inc, as a trade association, supports and serves the interests of approximately 300 not-for-profit, member-owned credit unions. Their mission is to promote the health and well-being of the credit union movement at both national and local levels. They unify credit unions, fostering mutual welfare, and maintain contacts with similar organizations in other states. Educational seminars and programs provide member credit unions with valuable information, keeping them updated on current issues, laws, regulations, and trends relevant to credit unions. The association's full-time compliance staff assists credit unions with daily concerns and serves as a liaison between credit unions and regulatory agencies. Moreover, they advocate for legislation in support of credit unions and consumers at both state and national levels.
Official website here: www.nycua.org
Who is the CEO of New York Credit Union Association Inc?
William J Mellin is the President/Ceo of New York Credit Union Association Inc. The CEO's salary of New York Credit Union Association Inc is $281,337 and their total compensation is $577,439.
Official website here: www.nycua.org
What is the revenue of New York Credit Union Association Inc?
New York Credit Union Association Inc's revenue in 2022 was $2,645,524.
Official website here: www.nycua.org
Who are the executives of New York Credit Union Association Inc and what are their salaries?
The average compensation at New York Credit Union Association Inc during 2022 was $146,162. There are 9 employees and 100 volunteers at New York Credit Union Association Inc.
Here are 22 key members and their salaries (New York Credit Union Association Inc's CEO's salary is $281,337 and their total compensation is $577,439):
- Compensation: $113,351
- Related: $0
- Other: $609
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $281,337
- Related: $281,336
- Other: $14,766
- Compensation: $36,256
- Related: $145,023
- Other: $943
- Compensation: $42,927
- Related: $128,782
- Other: $6,929
- Compensation: $146,556
- Related: $0
- Other: $5,895
- Compensation: $31,790
- Related: $95,369
- Other: $8,030
- Compensation: $58,292
- Related: $58,292
- Other: $7,740
- Compensation: $55,272
- Related: $55,272
- Other: $6,895
- Compensation: $134,987
- Related: $14,999
- Other: $2,031
Official website here: www.nycua.org
Where can I find the form 990 for New York Credit Union Association Inc?
New York Credit Union Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nycua.org
Learn more at the official website: www.nycua.org
Mission Statement of New York Credit Union Association Inc
The New York Credit Union Association Inc, established in 1917, serves and supports credit unions by advocating, educating, and unifying their interests. Acting as the trade association for approximately 300 not-for-profit, member-owned credit unions in New York, this organization works at the national, state, and local levels to promote the health and well-being of the credit union movement. The Association unifies credit unions, promoting their mutual welfare, while maintaining contacts with similar organizations in other states.
Educational seminars and programs are a significant part of the Association's offerings. These programs, available to all member credit unions, are educational in nature. They provide credit unions with information on issues impacting the credit union movement, keeping them updated on current issues, laws, and regulations, as well as business and consumer trends relevant to credit unions. The Association's full-time compliance staff is also instrumental in answering questions and working with credit unions on issues that impact them daily, while serving as a liaison between credit unions and regulatory agencies such as the National Credit Union Administration and the New York State Department of Financial Services.
In essence, the New York Credit Union Association Inc's mission is to support and strengthen the credit union movement by advocating on their behalf, providing them with education and training, and serving as a resource for compliance and regulatory matters. By doing so, the Association aims to ensure the continued growth and success of credit unions in New York and beyond.
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Impact
October, 2024
The New York Credit Union Association Inc. (NYCUA) plays a pivotal role in advancing and advocating for the interests of credit unions throughout New York State. Founded in 1917, it serves approximately 300 member-owned credit unions, promoting their health and welfare at local, state, and national levels.
NYCUA provides a range of essential services, including education and training programs that keep credit unions well-informed on current issues, regulations, and industry trends. This educational focus ensures that member organizations can navigate the complexities of the banking landscape effectively. Additionally, NYCUA’s compliance staff offers direct support, answering queries and acting as a liaison with regulatory agencies, which further strengthens the operational capacities of credit unions.
Advocacy is a cornerstone of NYCUA's work, where it actively engages with lawmakers to influence legislation beneficial to credit unions and consumers alike. By unifying the collective voice of credit unions, NYCUA fosters a sense of community and collaboration among its members and connects them with similar organizations across states.
Overall, the impact of NYCUA is substantial, as it not only empowers credit unions through education and advocacy but also enhances community improvement initiatives, making it a key player in both the financial sector and the broader community in New York.
This information is meant to be a general summary of New York Credit Union Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$179,964
- Program Service Revenue: $2,600,850
- Gross Receipts: $8,565,873
Assets and Liabilities:
- Total Assets: $26,165,892
- Total Liabilities: $2,557,304
- Net Assets: $23,608,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,839,493
ANNUAL MEETING & CONVENTION
Revenue
$396,106
MEMBER SERVICES
Revenue
$365,251
Organization Details
Founding Year
1917
Phone
(800) 342-9835Principal Officer
William J Mellin
Main Address
PO BOX 15118, ALBANY, NY, 12212
Website
www.nycua.orgNTEE Category
Code: S41 - Community improvement
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