nonprofit · EIN 15-0580359 · NY
How much does NORTHERN CREDIT UNION raise and spend?
NORTHERN CREDIT UNION (NY, EIN 15-0580359) reported $43.6M in revenue and $42.0M in expenses for tax year 2024, with $608.8M in net assets (174.1 months of reserves). By expenses that ranks 5,548 of 391,588 e-filers, 79 of 5,218 in NTEE W: Public & Societal Benefit, 555 of 26,102 nonprofits in new york.
What stands out
NORTHERN CREDIT UNION (NY, EIN 15-0580359) reported $43.6M in revenue and $42.0M in expenses for tax year 2024, with $608.8M in net assets (174.1 months of reserves). By expenses that ranks 5,548 of 391,588 e-filers, 79 of 5,218 in NTEE W: Public & Societal Benefit, 555 of 26,102 nonprofits in new york. Against NTEE W: Public & Societal Benefit: months of reserves 174.1 months, above the peer median of 12.6 months; officer compensation share of expenses 2.3%, below the peer median of 7.9%; contributions share of revenue 0.0%, below the peer median of 79.5%; surplus margin 3.7%, below the peer median of 6.1%.
Key figures, tax year 2024
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $43.6M | $144.1k | $21.4M | $198.5k |
| Total expenses | $42.0M | $127.4k | $20.3M | $179.6k |
| Total assets | $634.8M | $437.4k | $29.5M | $761.5k |
| Net assets | $608.8M | $410.1k | $17.4M | $615.1k |
| Officer compensation (total per organisation) | $971.6k | $136.3k | $625.8k | $114.3k |
| Program service revenue share | 93.7% | 0.0% | 73.7% | 13.4% |
| Contributions share of revenue | 0.0% | 79.5% | 12.5% | 55.6% |
| Officer compensation share of expenses | 2.3% | 7.9% | 2.6% | 6.6% |
| Months of reserves | 174.1 months | 12.6 months | 9.5 months | 12.4 months |
| Surplus margin | 3.7% | 6.1% | 2.1% | 4.3% |
Year by year
5 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $43.6M | $42.0M | $608.8M | 174.1 months | $971.6k | 5,548 |
| 2023 | $41.1M | $39.2M | $582.4M | 178.2 months | $811.0k | 9,643 |
| 2022 | $33.9M | $30.6M | $573.3M | 224.9 months | $787.2k | 10,736 |
| 2020 | $24.7M | $22.7M | $357.1M | 188.9 months | $562.8k | 12,543 |
| 2019 | $21.8M | $20.1M | $280.7M | 167.2 months | $541.5k | 13,154 |
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