Quick charity verification for Hudson Valley Federal Credit Union (EIN: 141471439)
Verdict: Hudson Valley Federal Credit Union appears trustworthy
85/100Mission Score
$424.7MRevenue
$7.5BAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed executive compensation on 990 forms for an organization of this size.
Strengths
Significant asset growth from $6.47 billion in 2021 to $7.45 billion currently.
Strong revenue growth from $255.4 million in 2021 to $424.7 million currently.
Consistent reporting of 0% officer compensation on 990 forms, indicating potential efficiency or alternative compensation reporting.
NTEE code W61 (Credit Unions) aligns directly with its operational nature and mission.
AI Transparency Report
Hudson Valley Federal Credit Union (HVFCU) demonstrates robust financial health, with assets growing from $6.47 billion in 2021 to $7.45 billion currently, and revenue increasing significantly from $255.4 million in 2021 to $424.7 million. As a credit union, its primary purpose is to serve its members, and its NTEE code W61 (Credit Unions) aligns with this mission. The organization's spending efficiency is notable given its operational structure; in 2023, expenses were $311.8 million against revenues of $314.6 million, indicating a tight operational margin typical for a financial institution focused on member services rather than traditional 'program' spending. The consistent reporting of 0% officer compensation on its 990 forms is a significant transparency point, although it's important to note that credit unions often compensate executives through other means not always captured in this specific line item on a 990, as they are not traditional charities.