Pennsylvania Credit Union Association
- Assets
- $17.1m
- Revenue
- $4.8m
- Investments
- $8.2m
- Employees
- 30
- Location
- Harrisburg, PA
- Founding
- 12/1986
- Data as of
- 12/2019
- EIN
- 23-0958275
Organization Overview
Pennsylvania Credit Union Association is located in Harrisburg, PA. The organization was established in 1986. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Pennsylvania Credit Union Association employed 30 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Pennsylvania Credit Union Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, Pennsylvania Credit Union Association generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND LEND ASSISTANCE TO MEMBER CREDIT UNIONS THROUGHOUT PENNSYLVANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES ADVOCACY AND PROVIDES LEADERSHIP TO CREDIT UNIONS GOVERNED BY THE NINE PERSON BOARD OF DIRECTORS WHO ARE ELECTED BY AND ARE FROM AFFILIATED CREDIT UNIONS BY ASSET CATAGORIES. APPROXIMATELY 76 PERCENT OF PENNSYLVANIA'S CREDIT UNIONS ARE MEMBERS OF THE ASSOCIATION.
MEMBERS OF THE ORGANIZATION RECEIVE VARIOUS BENEFITS FROM SERVICES SUCH AS LEGISLATIVE/REGULATORY ADVOCACY, PUBLIC RELATIONS AND COMPLIANCE ASSISTANCE FROM THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Conway President & | Officer | 40 | $549,735 |
John Doulgeris SVP Operatio | Officer | 40 | $162,151 |
Mike Wishnow SVP Marketin | 40 | $161,877 | |
T Fetsko Controller/v | Officer | 40 | $144,096 |
Christina Mihalik SVP Gov Rela | 40 | $136,273 | |
Allan D King President-Ak | OfficerTrustee | 1 | $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 | $4,557,901 |
| Investment income | $93,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| Net Gain/Loss on Asset Sales | $24,171 |
| Net Income from Fundraising Events | $56,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,756,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,406 |
| Grants and other assistance to domestic individuals. | $32,094 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,284,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $483,856 |
| Payroll taxes | $144,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,859 |
| Fees for services: Accounting | $17,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,276 |
| Advertising and promotion | $0 |
| Office expenses | $27,353 |
| Information technology | $36,277 |
| Royalties | $0 |
| Occupancy | $87,336 |
| Travel | $171,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,880 |
| Insurance | $41,923 |
| All other expenses | $294,938 |
| Total functional expenses | $4,669,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $7,785,911 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $214,975 |
| Net Land, buildings, and equipment | $689,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,220,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,696 |
| Total assets | $17,137,050 |
| Accounts payable and accrued expenses | $365,472 |
| Grants payable | $0 |
| Deferred revenue | $1,226,917 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $498,417 |
| 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 | $282,372 |
| Total liabilities | $2,373,178 |
| Net assets without donor restrictions | $14,740,879 |
| Net assets with donor restrictions | $22,993 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $17,137,050 |
Grants Awarded
Over the last fiscal year, Pennsylvania Credit Union Association has awarded $20,045 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Munhall, PA | | $12,045 |
CUPAC | | | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
B Lab Company Berwyn, PA | $11,530,827 | $18,993,326 |
Society Of Cable Telecommunications Engineers Inc Exton, PA | $14,059,235 | $12,351,666 |
United States Naval Institute Annapolis, MD | $27,665,507 | $24,447,598 |
Government Employees Benefit Association Inc Hanover, MD | $24,504,834 | $8,425,068 |
County Commissioners Association Of Ohio Columbus, OH | $7,535,269 | $6,334,760 |
Pennsylvania Bankers Association Harrisburg, PA | $5,090,487 | $5,734,321 |
New York Bankers Association Inc New York, NY | $29,674,110 | $5,797,174 |
Pennsylvania Credit Union Association Harrisburg, PA | $17,137,050 | $4,756,465 |
Ctam Cable Marketing Association Inc Oxon Hill, MD | $8,042,835 | $4,934,195 |
New York Credit Union Association Inc Albany, NY | $26,477,770 | $2,081,668 |
Clearing House Association Llc New York, NY | $10,776,823 | $75,297 |
Maryland Bankers Association Inc Annapolis, MD | $2,818,205 | $1,743,920 |