New York State Chartered Credit Union Branch 6000 Branch 6000
- Assets
- $7.9m
- Revenue
- $398.4k
- Investments
- $2.6m
- Employees
- 7
- Location
- Massapequa, NY
- Founding
- Data as of
- 12/2023
- EIN
- 11-2516837
Organization Overview
New York State Chartered Credit Union Branch 6000 Branch 6000 is located in Massapequa, NY. As of 12/2023, New York State Chartered Credit Union Branch 6000 Branch 6000 employed 7 individuals. New York State Chartered Credit Union Branch 6000 Branch 6000 is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2023, New York State Chartered Credit Union Branch 6000 Branch 6000 generated $398.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $580.1k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION FOR LETTER CARRIERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE CHARTERED CREDIT UNION FOR LETTER CARRIERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Smith Treasurer | Trustee | 40 | $61,979 |
Brian Bries Asst Treasurer | Officer | 2 | $18,517 |
Robert Graf Loan Officer | Trustee | 15 | $2,200 |
Sean Killeen Loan Officer | Officer | 2 | $2,200 |
John Cronin President | Officer | 1 | $0 |
James Tuthill Supervisory Committee Chair | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $347,694 |
| Investment income | $29,811 |
| 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 | $398,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,896 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,839 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,033 |
| Office expenses | $99,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $813 |
| Interest | $19,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,374 |
| Insurance | $5,847 |
| All other expenses | $137,388 |
| Total functional expenses | $580,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,092 |
| Savings and temporary cash investments | $1,185,848 |
| 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 | $3,939,590 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,646,737 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,387 |
| Total assets | $7,867,108 |
| Accounts payable and accrued expenses | $14,913 |
| 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 | $7,675,261 |
| Total liabilities | $7,690,174 |
| Net assets without donor restrictions | $0 |
| 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 | $176,934 |
| Total liabilities and net assets/fund balances | $7,867,108 |