Municipal Credit Union

Municipal Credit Union Overview

Municipal Credit Union is located in New York, NY. The organization was established in 1980. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2018, Municipal Credit Union employed 873 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Municipal Credit Union 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 12/2019, Municipal Credit Union generated $218.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $301.2m during the year ending 12/2019. While expenses have increased by 15.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD LIFETIME FINANCIAL RELATIONSHIPS WITH EACH MEMBER, PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O.


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Municipal Credit Union Board, Officers & Key Employees

Municipal Credit Union Vendors

Vendor Name (Service)Compensation
Ocd Media Llc
Advertising
$3,291,694
Diebold Incorporated
Atm Purchases/mainta
$2,862,009
Ncp Solutions Llc
Qtly/mthly Stmt Mail
$2,426,831
Loomis Fargo Co
Armored Car Service
$3,026,855
Fti Consulting Inc
Management Services
$2,274,999
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $10,353,843
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $146,579
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $218,495,095

Municipal Credit Union Grants Awarded

Over the last fiscal year, Municipal Credit Union has awarded $135,000 in support to 4 organizations.

Grant RecipientAmount

Brooklyn, NY

PURPOSE: SEE PART IV

$100,000

AFRICAN AMERICAN CREDIT UNION COALITION

Org PageRecipient Profile

Snellville, GA

PURPOSE: SEE PART IV

$15,000

NY CREDIT UNION FOUNDATION

Org PageRecipient Profile

Albany, NY

PURPOSE: SEE PART IV

$10,000

NATIONAL CREDIT UNION FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: SEE PART IV

$10,000
View Grant Profile

Municipal Credit Union Peer Organizations

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