EIN 13-5261470

Municipal Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
681
Year formed
1916
Most recent tax filings
2023-06-01
Description
Municipal Credit Union builds lifetime financial relationships with each member by providing competitive products and excellent services. As the oldest Credit Union in New York State and the largest Metro New York Credit Union, MCU offers a wide array of financial services to its members. Charted in 1916 for New York City Municipal workers, MCU is located in New York, NY.
Total revenues
$246,526,470
2023
Total expenses
$178,986,619
2023
Total assets
$4,233,162,589
2023
Num. employees
681
2023

Program areas at Municipal Credit Union

Founded in 1916 for new york city Municipal workers, Municipal Credit Union (the Credit Union) is the oldest Credit Union in new york state and the largest metro new york Credit Union offering a wide array of financial services to its members. Mcu is chartered under new york state banking law. The Credit Union currently provides services to over 600,000 members and manages over $4.3 billion in member assets. Membership is available to employees of the city of new york and its agencies, employees of the federal and new york state governments in the five boroughs, employees of hospitals, nursing homes and similar facilities which are located within new york state, and others who are eligible as specified in the Credit Union's bylaws.

Grants made by Municipal Credit Union

GranteeGrant descriptionAmount
Medgar Evers College Educational FoundationSee Part Iv$100,000
African American Credit Union CoalitionSee Part Iv$15,000
National Credit Union FoundationSee Part Iv$10,000
...and 1 more grant made

Personnel at Municipal Credit Union

NameTitleCompensation
Kyle MarklandChief Executive Officer$964,377
Frank MadeiraChief Financial Officer
Jennifer OliverExecutive Vice President and Chief Financial Officer$628,794
Juan LunaChief Information Officer$371,700
Toni-Ann SforzaChief Human Resources Officer$254,423
...and 33 more key personnel

Financials for Municipal Credit Union

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$246,398,449
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$128,021
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$246,526,470

Form 990s for Municipal Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-07990View PDF
2022-062023-05-09990View PDF
2021-062022-07-18990OView PDF
2020-062022-05-24990OView PDF
2018-122020-09-01990View PDF
...and 10 more Form 990s

Organizations like Municipal Credit Union

OrganizationLocationRevenue
Ih Mississippi Valley Credit UnionMoline, IL$111,927,596
Metro Credit UnionChelsea, MA$114,336,853
Navigant Credit UnionSmithfield, RI$130,542,626
Potlach No 1 Financial Credit UnionLewiston, ID$101,119,936
Credit Union 1Anchorage, AK$77,760,445
Credit Union of AmericaWichita, KS$79,212,400
Alliant Credit UnionChicago, IL$734,170,214
Great Lakes Credit UnionBannockburn, IL$64,760,572
Jeanne D'Arc Credit UnionLowell, MA$66,569,870
KeyPoint Credit Union (KPCU)San Jose, CA$69,312,506
Data update history
June 30, 2024
Used new vendors
Identified 1 new vendor, including
July 13, 2023
Used new vendors
Identified 2 new vendors, including , and
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 8, 2023
Used new vendors
Identified 18 new vendors, including , , , , , , , , , , , , , , , , , and
June 30, 2023
Updated personnel
Identified 23 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Provides scholarships
General information
Address
22 Cortlandt St 26th FLR
New York, NY 10007
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
nymcu.org/ 
Phone
(212) 238-3334
IRS details
EIN
13-5261470
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1916
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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