Nonprofit · EIN 13-5261470
MUNICIPAL CREDIT UNION
Tax-exempt · NEW YORK, NY 10007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $302,504,633 | $248,802,764 | $53,701,869 | $4,618,601,809 | $4,164,978,464 | $453,623,345 |
| June 30, 2024 | 990 | $291,347,613 | $212,652,373 | $78,695,240 | $4,342,353,174 | $3,989,405,054 | $352,948,120 |
| June 30, 2023 | 990 | $246,526,470 | $178,986,619 | $67,539,851 | $4,233,162,589 | $3,964,840,294 | $268,322,295 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $302,504,633
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $7,839,495
- Other salaries and wages
- $80,293,879
- Salaries, compensation and benefits (total)
- $88,133,374
- Professional fundraising fees
- $0
- Occupancy
- $15,435,121
- Depreciation
- $3,525,079
Balance sheet and other
- Total assets, start of year
- $4,342,353,174
- Total assets, end of year
- $4,618,601,809
- Total liabilities, end of year
- $4,164,978,464
- Net assets, end of year
- $453,623,345
- Land, buildings and equipment
- $35,124,308
- Gross unrelated business income
- $4,699,269
- Gross receipts
- $302,504,633
- Employees
- 787
- Volunteers
- 7
- Year formed
- 1916
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYLE MARKLAND | CHIEF EXECUTIVE OFFICER Officer | 40 | $1,666,025 | $32,157 |
| FRANCISCO MADEIRA | CHIEF FINANCIAL OFFICER Officer | 40 | $435,896 | $39,979 |
| TONI-ANN SFORZA | CHIEF OPERATING OFFICER Officer | 40 | $424,000 | $17,529 |
| JUAN LUNA | CHIEF OF STAFF INFORMATION TECHNOLOGY Officer | 40 | $393,005 | $31,753 |
| GEORGE CHACON | PRESIDENT & EXEC DIRECTOR, MCU FOUNDATION Officer | 40 | $396,079 | $17,529 |
| JAMES L MILL | CHIEF TECHNOLOGY OFFICER (As of 8/2024) Officer | 40 | $371,466 | $32,256 |
| CANIA S INFANTE | CHIEF MARKETING OFFICER Officer | 40 | $354,794 | $18,563 |
| MICHAEL SAVINO | CHIEF LENDING OFFICER Officer | 40 | $332,500 | $39,979 |
| KELLY LEIGH GERBER | CHIEF RISK OFFICER Officer | 40 | $327,812 | $17,472 |
| ANDREW DAVID WELTMAN | GENERAL COUNSEL Officer | 40 | $323,178 | $17,072 |
| TRACY LYNN HELM | SVP, OPERATIONS & DIGITAL SERVICES Key employee | 40 | $291,200 | $28,403 |
| ROBYN RUSSO | VICE PRESIDENT, CONSUMER LENDING Key employee | 40 | $231,305 | $31,507 |
| HILARY GEWAIN | VICE PRESIDENT, ACCOUNTING Key employee | 40 | $233,756 | $28,631 |
| ITZCHACK ZAHAVI | VICE PRESIDENT, INFORMATION SECURITY Key employee | 40 | $242,077 | $17,355 |
| STUART SALEMBIER | SVP, MEMBER ENGAGEMENT & CHANNEL DELIVERY Key employee | 40 | $237,034 | $17,537 |
17 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUISE ANNE COGAN-RUPANI | DIRECTOR, PROJECT MANAGEMENT Highest-paid employee | 40 | $213,635 | $39,569 |
| ANTHONY MARANO | VICE PRESIDENT, HR & LABOR RELATIONS Key employee | 40 | $216,861 | $31,893 |
| SREENIVAS RAYADURGAM | SENIOR SOFTWARE DEVELOPER Highest-paid employee | 40 | $204,301 | $38,751 |
| ALEKSANDER P POWIETRZYNSKI | VICE PRESIDENT, LEGAL & COMPLIANCE Key employee | 40 | $211,339 | $31,354 |
| PETER SAMUEL NEIMAN | SVP, MARKETING Key employee | 40 | $225,798 | $16,815 |
| VISHNU KANDHAI | DIRECTOR, INFORMATION SECURITY Highest-paid employee | 40 | $198,401 | $39,435 |
| DANA MARIE MARSALISI | VICE PRESIDENT, FIN. CRIMES & INTELLIGENCE Key employee | 40 | $217,704 | $17,154 |
| LEKHANI SARKER | VICE PRESIDENT, PRODUCT Key employee | 40 | $213,554 | $9,176 |
| SHARON FRANCES IMBRIALE | DIRECTOR, INSURANCE & WEALTH MGT. PROGRAMS Highest-paid employee | 40 | $180,560 | $16,836 |
| JAMES GALLAGHER | DIRECTOR, BSA OFFICER Highest-paid employee | 40 | $194,736 | $1,818 |
| JAHMILA EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES SAUNDERS | BOARD SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| JIAN XIAO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH GARBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEISHA PORTER | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| TERRY L BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS CANTY | BOARD CHAIRMAN Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYLE MARKLAND | CHIEF EXECUTIVE OFFICER Officer | 40 | $1,402,700 | $29,385 |
| MELISSA HARTZELL-GALILEO | CHIEF LENDING OFFICER, THRU 10/2023 Officer | 40 | $646,744 | $15,910 |
| FRANCISCO MADEIRA | CHIEF FINANCIAL OFFICER Officer | 40 | $477,280 | $32,920 |
| JUAN LUNA | CHIEF INFORMATION OFFICER Officer | 40 | $441,081 | $15,138 |
| GEORGE CHACON | CHIEF STRATEGY OFFICER Officer | 40 | $432,432 | $15,138 |
| TONI-ANN SFORZA | CHIEF PEOPLE & EXPERIENCE OFFICER Officer | 40 | $411,677 | $15,248 |
| ANDREW DAVID WELTMAN | GENERAL COUNSEL Officer | 40 | $290,769 | $14,888 |
| CANIA S INFANTE | CHIEF MARKETING OFFICER Officer | 40 | $275,731 | $13,644 |
| ROBYN RUSSO | VICE PRESIDENT, CONSUMER LENDING Key employee | 40 | $238,749 | $32,510 |
| ATHENA MOORE | VICE PRESIDENT, COMMUNITY ENGAGEMENT Key employee | 40 | $240,000 | $24,779 |
| HILARY GEWAIN | VICE PRESIDENT, ACCOUNTING Key employee | 40 | $240,000 | $23,078 |
| SAMANTHA FERDINAND-DAVIS | DIRECTOR, COMPLIANCE OFFICER Highest-paid employee | 40 | $228,321 | $32,667 |
| KRISTI RODGERS | VICE PRESIDENT, IT OPERATIONS AND DEVELOPMENT Key employee | 40 | $236,345 | $16,417 |
| CHRISTINE BERTAN | VICE PRESIDENT, LEARNING AND DEVELOPMENT Key employee | 40 | $235,380 | $15,356 |
| STUART SALEMBIER | VICE PRESIDENT, RETAIL CHANNELS Key employee | 40 | $233,560 | $15,351 |
| CHRISTINA ZANCA | VICE PRESIDENT, MARKETING & PUBLIC RELATIONS Key employee | 40 | $218,699 | $25,576 |
| SREENIVAS RAYADURGAM | MANAGER, SYSTEMS DEVELOPMENT & PROGRAMMING Highest-paid employee | 40 | $210,826 | $32,887 |
| LOUISE ANNE COGAN-RUPANI | VICE PRESIDENT, STRATEGIC ENABLEMENT Key employee | 40 | $210,087 | $33,090 |
| RONALD LEE SWEARER | VICE PRESIDENT, REAL ESTATE Key employee | 40 | $205,000 | $37,572 |
| VISHNU KANDHAI | DIRECTOR, INFORMATION SECURITY Highest-paid employee | 40 | $204,300 | $33,056 |
| MAHMOUD ELAYAN | VICE PRESIDENT, PAYMENTS Key employee | 40 | $193,157 | $27,815 |
| SCOTT DEGUILO | VICE PRESIDENT,IT INFRASTRUCTURE & TECHNOLOGY Key employee | 40 | $216,980 | $2,302 |
| JAMES GALLAGHER | DIRECTOR, BSA OFFICER Highest-paid employee | 40 | $198,599 | $787 |
| VINCENT POLLIFRONE | MANAGER, NETWORK AND TELECOMMUNICATIONS Highest-paid employee | 40 | $182,566 | $15,884 |
| VIRGINIA WALTON | VICE PRESIDENT, ENTERPRISE RISK MANAGEMENT, THRU 09/2023 Key employee | 40 | $177,808 | $10,796 |
| KEVIN PORTER | VICE PRESIDENT, TRANSFORMATION THRU 07/2023 Key employee | 40 | $163,828 | $15,858 |
| JAHMILA EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES SAUNDERS | BOARD SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| JIAN XIAO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH GARBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEISHA PORTER | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| THOMAS CANTY | BOARD CHAIRMAN Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle Markland | Chief Executive Officer Officer | 40 | $1,464,154 |
| Juan Luna | Chief Information Officer Officer | 40 | $414,388 |
| George Chacon | Chief Strategy Officer Officer | 40 | $397,000 |
| Toni-Ann Sforza | Chief People & Exp. Officer Officer | 40 | $360,514 |
| Robert Bedford | General Counsel Officer | 40 | $343,032 |
| Francisco Madeira | Chief Financial Officer Officer | 40 | $338,462 |
| Stephanie Clancy | Chief Member Exp. Officer Officer | 40 | $332,500 |
| Melissa Hartzell-Galileo | Chief Lending Officer Officer | 40 | $307,385 |
| Christina Zanca | VP, Marketing & Public reltn. Key employee | 40 | $234,216 |
| Kevin Porter | Vice President, Transformation Key employee | 40 | $232,300 |
| Stuart Salembier | Vice President, Retail Channel Key employee | 40 | $223,041 |
| Kristi Rodgers | Vice President, IT Operations Key employee | 40 | $221,454 |
| Robyn Russo | VP, Consumer Lending Key employee | 40 | $213,127 |
| Sreenivas Rayadurgam | Manager, Systems Development Key employee | 40 | $209,753 |
| Samantha Ferdinand-Davis | Director, Compliance Officer Highest-paid employee | 40 | $209,280 |
| Christine Bertan | VP, Learning and Development Key employee | 40 | $203,685 |
| Louise Anne Cogan-Rupani | VP, Strategic Enablement Key employee | 40 | $192,513 |
| Vishnu Kandhai | Director, Information Security Key employee | 40 | $190,985 |
| Jason Grodsky | Director, Member Contact Centr Highest-paid employee | 40 | $186,400 |
| James Gallagher | Director, BSA Officer Highest-paid employee | 40 | $182,188 |
| Vincent Pollifrone | Manager, Network & Telecomm. Key employee | 40 | $176,119 |
| Robyn Oresto | Controller Key employee | 40 | $171,654 |
| Zelia Caetano Corey | Director, Retail Banking Highest-paid employee | 40 | $171,100 |
| Theresa Ann Barrett | Vice President, Real Estate Key employee | 40 | $163,675 |
| Drew M Edwards | Associate General Counsel Highest-paid employee | 40 | $159,485 |
| Jennifer Q Oliver | EVP - Chief Financial Officer Officer | 40 | $129,231 |
| Thomas Canty | Board Chairman Trustee or director | 1 | $0 |
| Meisha Porter | Board Vice Chairperson Trustee or director | 1 | $0 |
| James Saunders | Board Secretary/Treasurer Trustee or director | 1 | $0 |
| Phil Alvarez | Board Member Trustee or director | 1 | $0 |
| Joseph Garba | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 22 CORTLANDT STREET, NEW YORK, NY 10007-3107
- Principal officer (990 for 2024)
- FRANK MADEIRA, 22 CORTLANDT ST 26TH FLR, NEW YORK, NY 10007
- Signed the 990
- FRANK MADEIRA, Chief Financial Officer
- Phone
- (212) 238-3334
- Website
- WWW.NYMCU.ORG
- Return prepared by
- BDO USA
Mission
TO HELP HARD WORKING NEW YORKERS BUILD BETTER TOMORROWS.
Program accomplishments
- 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 631,000 MEMBERS AND MANAGES OVER $4.6 BILLION IN MEMBER ASSETS. MEMBERSHIP IS AVAILABLE TO INDIVIDUALS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN NEW YORK CITY (NYC), INDIVIDUALS WHO WORK FOR NEW YORK STATE (NYS) OR FEDERAL EMPLOYERS, AND IMMEDIATE FAMILY MEMBERS OF EXISTING MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-5261470
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,618,601,809
- Income (IRS master file)
- $302,504,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $302,504,633 | $248,802,764 | $4,618,601,809 | IRS |
| 990 | June 2024 | $291,347,613 | $212,652,373 | $4,342,353,174 | IRS |
| 990 | June 2023 | $246,526,470 | $178,986,619 | $4,233,162,589 | XML |
| 990 | June 2022 | $210,950,031 | $138,602,371 | $4,283,390,040 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-5261470).
Questions about MUNICIPAL CREDIT UNION
- What is the EIN of MUNICIPAL CREDIT UNION?
- The employer identification number (EIN) of MUNICIPAL CREDIT UNION is 13-5261470.
- Is MUNICIPAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1980.
- Are donations to MUNICIPAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MUNICIPAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MUNICIPAL CREDIT UNION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUNICIPAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MUNICIPAL CREDIT UNION?
- The 990 for the year ended June 30, 2025 names FRANK MADEIRA.
- Who are the officers and directors of MUNICIPAL CREDIT UNION?
- The 990 for the year ended June 30, 2025 lists 32 people; 25 received compensation from the organization, the highest $1,666,025 (KYLE MARKLAND, CHIEF EXECUTIVE OFFICER).
- How much revenue does MUNICIPAL CREDIT UNION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $302,504,633, expenses of $248,802,764 and total assets of $4,618,601,809 at year end.
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