National Association Of State Credit Union Supervisors
- Assets
- $4.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Arlington, VA
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 54-1167527
Organization Overview
National Association Of State Credit Union Supervisors is located in Arlington, VA. The organization was established in 1978. 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 12/2021, National Association Of State Credit Union Supervisors employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of State Credit Union Supervisors 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 12/2021, National Association Of State Credit Union Supervisors generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 15.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NASCUS MISSION IS TO FORGE A VIBRANT DUAL CHARTER SYSTEM BY PROMOTING A RELEVANT, GROWTH-ORIENTED, AND HEALTHY STATE CHARTER OPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CONFERENCE FOR MEMBERS FOR EDUCATION AND NETWORKING PURPOSES;ONSITE TRAINING EVENTS FOR PROFESSIONAL DEVELOPMENT AND ONGOING EDUCATION FOR MEMBERS; ONLINE EDUCATIONAL OFFERINGS ON VARIOUS PERTINENT, TIMELY SUBJECTS FOR MEMBERS. NASCUS CONDUCTS THESE ACTIVITIES TO IMPROVE THE SUPERVISION OF STATE-CHARTERED CREDIT UNIONS AND TO FACILITATE THE ADMINISTRATION OF LAWS AND REGULATIONS GOVERNING SUCH INSTITUTIONS. DUE TO THE PANDEMIC IN 2020 AND 2021, MOST NASCUS TRAINING AND CONFERENCES MOVED TO A VIRTUAL PLATFORM. NASCUS RE-INTRODUCED IN-PERSON EVENTS DURING THE LAST QUARTER OF 2021. IN 2022, NASCUS WILL BE CONDUCTING THE MAJORITY OF ITS EVENTS IN-PERSON, WITH SOME VIRTUAL AND HYBRID EVENTS STILL SCHEDULED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucille Ito President/ceo | Officer | 40 | $850,880 |
Brian Knight Evp/general Counsel | Officer | 40 | $298,456 |
Nichole Seabron VP & Legislative And Regul | 40 | $162,624 | |
Isaida Woo VP Of Education | 40 | $130,137 | |
Vilma Erb VP Member Relations | 40 | $129,448 | |
Liz Beth Evans VP Of State Programs & Spv | 40 | $121,409 |
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 | $3,217,889 |
| Investment income | $27,316 |
| 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 | $3,426,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,585 |
| Pension plan accruals and contributions | $43,381 |
| Other employee benefits | $122,503 |
| Payroll taxes | $110,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,433 |
| Fees for services: Accounting | $9,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $372,160 |
| Advertising and promotion | $770 |
| Office expenses | $57,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,619 |
| Travel | $56,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,911 |
| Insurance | $8,991 |
| All other expenses | $17,878 |
| Total functional expenses | $3,102,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,208,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,691 |
| 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 | $191,301 |
| Net Land, buildings, and equipment | $55,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,780,726 |
| Intangible assets | $0 |
| Other assets | $15,957 |
| Total assets | $4,477,654 |
| Accounts payable and accrued expenses | $337,938 |
| Grants payable | $0 |
| Deferred revenue | $1,019,252 |
| 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 | $64,759 |
| Total liabilities | $1,421,949 |
| Net assets without donor restrictions | $3,055,705 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,477,654 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Association Of State Credit Union Supervisors has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Ent Credit Union Colorado Springs, CO PURPOSE: CREDIT UNION DONATION | $15,000 |
Credit Unions In The State Of Washington Tukwila, WA PURPOSE: Donation | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis City Employees Credit Union Memphis, TN | $441,662,639 | $21,190,840 |
State Chartered Credit Unions In North Carolina Winston Salem, NC | $450,735,683 | $18,534,745 |
State Chartered Credit Unions In Canton, NC | $412,728,875 | $18,530,317 |
Cornerstone Financial Credit Union Nashville, TN | $522,943,459 | $21,028,853 |
State Chartered Credit Unions In North Carolina Greensboro, NC | $337,571,406 | $18,300,511 |
State Chartered Credit Unions In North Carolina Winston Salem, NC | $454,901,827 | $18,489,124 |
U S Community Credit Union Nashville, TN | $215,456,515 | $14,802,772 |
The Tennessee Credit Union Nashville, TN | $408,777,901 | $12,031,552 |
Ashland Credit Union Ashland, KY | $339,651,427 | $16,258,598 |
State Chartered Credit Unions In North Carolina Waynesville, NC | $320,707,218 | $13,383,027 |
Old Hickory Credit Union Old Hickory, TN | $313,316,175 | $12,481,869 |
Telco Community Credit Union Candler, NC | $337,573,645 | $13,700,591 |