Civic Intelligence

New York State Chartered Credit Unions - Progressive Credit Union

990 • Fiscal year 2013 • EIN 13-1726048

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 04, 2014

Organization Profilewww.progressivecu.org

View Organization Page

131 West 33rd Street 7th FloorSuiteNew York, NY 10001

(212) 695-8900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.62x

Higher debt load relative to assets than 6% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

10th percentile

12.29x

Higher debt load relative to revenue than 10% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Net Margin

100th percentile

54%

Higher net margin than 100% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Top Officer Pay

99th percentile

$1,880,587

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Asset Growth

97th percentile

25%

Faster asset growth than 97% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$682,001,639

Up $135,047,676 (+25%) from 2012

Net Assets

Up

$260,178,772

Up $19,323,538 (+8.0%) from 2012

Liabilities

Up

$421,822,867

Up $115,724,138 (+38%) from 2012

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin100th percentile

Revenue

$34,329,174

No earlier filing loaded for comparison.

Expenses

Down

$15,623,317

Down $637,845 (-3.9%) from 2012

Net Income

$18,705,857

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $593,966,714Liabilities 2010: $387,260,011Net Assets 2010: $206,706,7032010Assets 2011: $576,548,233Liabilities 2011: $353,237,010Net Assets 2011: $223,311,2232011Assets 2012: $546,953,963Liabilities 2012: $306,098,729Net Assets 2012: $240,855,2342012Assets 2013: $682,001,639Liabilities 2013: $421,822,867Net Assets 2013: $260,178,7722013Assets 2014: $699,447,084Liabilities 2014: $430,271,717Net Assets 2014: $269,175,3672014Assets 2015: $646,342,565Liabilities 2015: $397,737,087Net Assets 2015: $248,605,4782015Assets 2016: $591,777,993Liabilities 2016: $401,195,965Net Assets 2016: $190,582,0282016Assets 2017: $469,028,562Liabilities 2017: $376,365,772Net Assets 2017: $92,662,7902017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2013

Assets$682,001,639
Liabilities$421,822,867
Net Assets$260,178,772
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$100M$0-$100M-$200MExpenses 2010: $20,538,0322010Expenses 2011: $18,832,2392011Expenses 2012: $16,261,1622012Revenue 2013: $34,329,174Expenses 2013: $15,623,317Net Income 2013: $18,705,8572013Revenue 2014: $34,843,854Expenses 2014: $24,866,638Net Income 2014: $9,977,2162014Revenue 2015: $32,653,509Expenses 2015: $52,150,637Net Income 2015: -$19,497,1282015Revenue 2016: $26,465,335Expenses 2016: $83,846,128Net Income 2016: -$57,380,7932016Revenue 2017: $19,569,366Expenses 2017: $116,747,686Net Income 2017: -$97,178,3202017Revenue 2018: $22,308,982Expenses 2018: $160,107,333Net Income 2018: -$137,798,3512018

Highlighted filing

2013

Revenue$34,329,174
Expenses$15,623,317
Net Income$18,705,857
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 4, 2014
Return Version
2013v3.1
Gross Receipts
$34,329,174
Mission and Program Overview

Mission

Progressive credit union is chartered under the new york banking law. The organization is a cooperative institution and exists for the financial services benefit of its members.

Progressive credit union is chartered under the new york banking law. The organization is a cooperative institution & exists for the financial srvcs. Benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$240,855,234$260,178,772▲ $19,323,538
Land, Buildings, and Equipment, Net$12,494,880$12,094,068▼ $400,812
Savings and Temporary Cash Investments$9,733,666$6,196,831▼ $3,536,835
Investments in Publicly Traded Securities$182,000$1,149,700▲ $967,700
Cash and Non-Interest-Bearing Accounts$2,000$2,000→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$546,953,963$682,001,639▲ $135,047,676
Other Assets Total$524,541,417$662,559,040▲ $138,017,623
Liabilities
Other Liabilities$300,790,086$326,920,478▲ $26,130,392
Mortgage Notes Payable Secured by Investment Property$0$90,000,000▲ $90,000,000
Accounts Payable and Accrued Expenses$5,308,643$4,902,389▼ $406,254
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$306,098,729$421,822,867▲ $115,724,138
Net Assets / Fund Balance
Total Net Assets Fund Balance$240,855,234$260,178,772▲ $19,323,538
Total Liabilities and Net Assets / Fund Balance$546,953,963$682,001,639▲ $135,047,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,146,752$979,776$11,126,528
Leasehold Improvements$1,592,663$379,449$1,972,112
Other Land Buildings$354,653$490,051$844,704
Other Assets Org$3,130,875--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert a FamilantCEO/treasurerFT$958,776$921,811$1,880,587
Charles H RogersCOOFT$358,631$217,061$575,692
Rita RyanCLOFT$245,550$128,205$373,755
Michael DeeVP of Mortgage LendingFT$160,453$40,709$201,162
David KoshersGeneral CounselFT$126,574$29,568$156,142
Maria NodarseVP of Taxi Medallion LendingFT$123,051$30,882$153,933
Cheuk LeeVP of Financial OperationsFT$134,848$15,058$149,906
Warren WhiteoakInternal AuditorFT$104,086$19,490$123,576

Board Members and Trustees

NameTitle
Joel SlomonPresident
Gerald ShulmanVice President
Brian WorkmanDirector
Deborah ChassenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$33,922,365
Investment Income
$406,809
Other Revenue
$0
Change in Net Assets
$18,705,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,329,174
Total Revenue per Audited Statements
$34,329,174
Total Revenue per Form 990
$34,329,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,440,475
Salaries, Compensation, and Employee Benefits$6,171,592
Grants and Similar Amounts Paid$11,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$5,808,695
Current Officers, Directors, Trustees, and Key Employees---$2,830,034
Other Salaries and Wages---$2,226,186
Office Expenses---$812,667
Fees for Services Other---$739,015
Occupancy---$635,368
Pension Plan Contributions---$536,827
Depreciation Depletion---$452,764
Other Employee Benefits---$342,114
Payroll Taxes---$236,431
Fees for Services Legal---$210,060
Information Technology---$148,961
Travel---$125,848
Fees for Services Accounting---$108,000
Insurance---$102,973
Conferences and Meetings---$19,741
Grants to Domestic Individuals---$11,250
Other Expenses---$-211,354
Total Functional Expenses$0$0$0$15,623,317

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,623,317
Total Expenses per Audited Statements$15,623,317
Total Expenses per Form 990$15,623,317
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' ACCOUNTS$298,858,567
Securities Sold to Repurchase$20,000,000
Deferred Compensation$6,820,269
Overdrafts$711,834
Other Liabilities$508,763
Accrued Interest Payable$21,045
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

“The reporting organization has an open charter to admit members and include all account holders.”

FORM 990, PART VI, SECTION A, LINE 7A:

“Each member is entitled to one vote for selection of appointment of Board of Directors.”

FORM 990, PART VI, SECTION A, LINE 7B:

“The members are required to approve changes to the reporting organization's bylaws.”

FORM 990, PART VI, SECTION B, LINE 11B:

“Form 990 is reviewed by management prior to filing.”

FORM 990, PART VI, SECTION B, LINE 12C:

“The reporting organization's internal auditor annually reviews the completed conflict of interest response forms to identify and address potential insider transactions.”

FORM 990, PART VI, SECTION B, LINE 15A:

“The reporting organization obtains comparables which the Board of Directors utilizes in establishing compensation of the CEO/Treasurer. This is contemporaneously documented in the Board of Director's minutes.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
13-1726048
In Care Of
% CHARLES ROGERS
Phone
2126958900

Signing Officer

Name
Charles Rogers
Title
COO
Phone
2126958900
Signed
2014-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Familant
Formed
1918
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
3
Employees
37
Volunteers
4

Preparer

Preparer
Paul Hammerschmidt
Phone
2126958900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized net actuarial pension gains”

Raw XML AppendixShowing 400 of 663 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05308643
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04902389
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROGRESSIVE CREDIT UNION IS CHARTERED UNDER THE NEW YORK BANKING LAW. THE ORGANIZATION IS A COOPERATIVE INSTITUTION & EXISTS FOR THE FINANCIAL SRVCS. BENEFIT OF ITS MEMBERS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0CHARLES ROGERS
IRS990/BooksInCareOfDetail/PhoneNum02126958900
IRS990/BooksInCareOfDetail/USAddress/AddressLine10131 WEST 33RD STREET 7TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/City0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/State0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCode010001
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02000
IRS990/CashNonInterestBearingGrp/EOYAmt02000
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02830034
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt019741
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt011250
IRS990/CYInvestmentIncomeAmt0406809
IRS990/CYOtherExpensesAmt09440475
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt033922365
IRS990/CYRevenuesLessExpensesAmt018705857
IRS990/CYSalariesCompEmpBnftPaidAmt06171592
IRS990/CYTotalExpensesAmt015623317
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt034329174
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0452764
IRS990/Desc0PROGRESSIVE CREDIT UNION RECEIVED ITS CHARTER IN 1918 FROM THE STATE OF NEW YORK. AT DECEMBER 31, 2013 IT HAD 4,015 MEMBERS HAVING $298,905,075 IN SAVINGS ON DEPOSIT WITH THE CREDIT UNION. IN 2013 THE CREDIT UNION GRANTED 960 LOANS TOTALING $657,178,965 INCLUDING FOR THE PURCHASE OF TAXI MEDALLIONS IN NEW YORK, NEWARK, CHICAGO, PHILADELPHIA, ATLANTA, MIAMI, AND BOSTON. THE CREDIT UNION ALSO GRANTS LOANS TO FINANCE DINERS, LAUNDROMATS, DRY CLEANERS, COMMERCIAL PROPERTIES AND RESIDENTIAL MORTGAGES.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine10PROGRESSIVE CREDIT UNION
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt0108000
IRS990/FeesForServicesLegalGrp/TotalAmt0210060
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt0739015
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt037.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt537.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt637.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt737.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt837.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt937.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1037.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1137.5
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0260327
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt590204
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt627657
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt730226
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt88740
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt912469
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1015058
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1119490
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT A FAMILANT
IRS990/Form990PartVIISectionAGrp/PersonNm1JOEL SLOMON
IRS990/Form990PartVIISectionAGrp/PersonNm2GERALD SHULMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBORAH CHASSEN
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN WORKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLES H ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm6RITA RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL DEE
IRS990/Form990PartVIISectionAGrp/PersonNm8MARIA NODARSE
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID KOSHERS
IRS990/Form990PartVIISectionAGrp/PersonNm10CHEUK LEE
IRS990/Form990PartVIISectionAGrp/PersonNm11WARREN WHITEOAK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01620260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5485488
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6346098
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7170936
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8145193
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9143673
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10134848
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11104086
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5COO
IRS990/Form990PartVIISectionAGrp/TitleTxt6CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP OF MORTGAGE LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP OF TAXI MEDALLION LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF FINANCIAL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt11INTERNAL AUDITOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01918
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt011250
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt034329174
IRS990/GroupExemptionNum09217
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0148961
IRS990/InsuranceGrp/TotalAmt0102973
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt05808695
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0406809
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0406809
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0182000
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01149700
IRS990/IRPDocumentCnt01857
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01849276
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012494880
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012094068
IRS990/LandBldgEquipCostOrOtherBssAmt013943344
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROGRESSIVE CREDIT UNION IS CHARTERED UNDER THE NEW YORK BANKING LAW. THE ORGANIZATION IS A COOPERATIVE INSTITUTION AND EXISTS FOR THE FINANCIAL SERVICES BENEFIT OF ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt090000000
IRS990/NetAssetsOrFundBalancesBOYAmt0240855234
IRS990/NetAssetsOrFundBalancesEOYAmt0260178772
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0635368
IRS990/OfficeExpensesGrp/TotalAmt0812667
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0524541417
IRS990/OtherAssetsTotalGrp/EOYAmt0662559040
IRS990/OtherChangesInNetAssetsAmt0617681
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0342114
IRS990/OtherExpensesGrp/Desc0PROV. FOR MEMBER INS ASSESS.
IRS990/OtherExpensesGrp/Desc1REAL ESTATE OWNED EXPENSES
IRS990/OtherExpensesGrp/Desc2OFFICE OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc3ALLOWANCE FOR LOAN LOSSES
IRS990/OtherExpensesGrp/TotalAmt0193383
IRS990/OtherExpensesGrp/TotalAmt1167047
IRS990/OtherExpensesGrp/TotalAmt2127307
IRS990/OtherExpensesGrp/TotalAmt3-211354
IRS990/OtherLiabilitiesGrp/BOYAmt0300790086
IRS990/OtherLiabilitiesGrp/EOYAmt0326920478
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt02226186
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0236431
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0536827
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ROBERT A FAMILANT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN AND DEPOSIT TRANSACTION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032637262
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11285103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032637262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11285103
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt03000
IRS990/PYInvestmentIncomeAmt0268797
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010415508
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt033670349
IRS990/PYRevenuesLessExpensesAmt017677984
IRS990/PYSalariesCompEmpBnftPaidAmt05842654
IRS990/PYTotalExpensesAmt016261162
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt033939146
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt018705857
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0240855234
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0260178772
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09733666
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06196831
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010146752
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0979776
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011126528
IRS990ScheduleD/ExpensesSubtotalAmt015623317
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01592663
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0379449
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01972112
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02417286
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt229297
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3622308266
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4144000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt524794035
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt62735281
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt73130875
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MEMBERS UNITED CORP. FCU
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UNIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LOANS TO MEMBERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4POLICIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5AT AMORTIZED COST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7OTHER ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0354653
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0490051
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0844704
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0298858567
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt221045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3711834
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt46820269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5508763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITIES SOLD TO REPURCHASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OVERDRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED COMPENSATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt034329174
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012094068
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0662559040
IRS990ScheduleD/TotalExpensesPerForm990Amt015623317
IRS990ScheduleD/TotalLiabilityAmt0326920478
IRS990ScheduleD/TotalRevenuePerForm990Amt034329174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt034329174
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015623317
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL SCHOOL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL SCHOOL SCHOLARSHIPS AWARDED TO INDIVIDUALS BASED ON MERIT IS DEMONSTRATED BY THE APPLICATIONS SUBMITTED AND REVIEWED BY MEMBERS OF THE REPORTING ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0958776
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1358631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2245550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3160453

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$682,001,639
Liabilities
$421,822,867
Net assets
$260,178,772
Revenue
$34,329,174
Expenses
$15,623,317
Net income
$18,705,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$22.3$160$138
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$469$376$92.7$19.6$117$97.2
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$592$401$191$26.5$83.8$57.4
2015Detailed filing. Detailed filing data is available for this year.$646$398$249$32.7$52.2$19.5
2014Detailed filing. Detailed filing data is available for this year.$699$430$269$34.8$24.9$9.98
2013Detailed filing. Detailed filing data is available for this year.$682$422$260$34.3$15.6$18.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$547$306$241$16.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$577$353$223$18.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$594$387$207$20.5