Hudson Valley Federal Credit Union
Hudson Valley Federal Credit Union shows strong asset and revenue growth, with 0% officer compensation reported on 990s.
EIN: 141471439 · Poughkeepsie, NY · NTEE: W61 · Updated: 2026-03-28
About Hudson Valley Federal Credit Union
Hudson Valley Federal Credit Union (EIN: 141471439) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code W61. The organization reported total revenue of $424.7M and total assets of $7.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hudson Valley Federal Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hudson Valley Federal Credit Union with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hudson Valley Federal Credit Union allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings for Hudson Valley Federal Credit Union consistently report 0% officer compensation. This is unusual for an organization of its size ($7.45 billion in assets, $424.7 million in revenue) and suggests that executive compensation is either reported differently due to its credit union structure or is exceptionally low, which would be a positive indicator of resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hudson Valley Federal Credit Union's IRS 990 filings:
- Lack of detailed executive compensation on 990 forms for an organization of this size.
Strengths
The following positive indicators were identified for Hudson Valley Federal Credit Union:
- 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.
Frequently Asked Questions about Hudson Valley Federal Credit Union
How does Hudson Valley Federal Credit Union compensate its executives if 0% officer compensation is reported on its 990s?
The 990 form for credit unions may not fully capture all forms of executive compensation, as their operational structure differs from traditional charities. Further investigation into their annual reports or other public disclosures would be needed to understand the full compensation structure for an organization of this scale.
What is the primary 'program' spending for a credit union like HVFCU?
For a credit union, 'program' spending primarily encompasses the costs associated with providing financial services to its members, such as loan origination, deposit account management, branch operations, and member education, which are all part of its core mission.
Filing History
IRS 990 filing history for Hudson Valley Federal Credit Union showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2023), Hudson Valley Federal Credit Union's revenue has grown by 23.2%, moving from $255.4M to $314.7M. Total assets increased by 9.2% over the same period, from $6.5B to $7.1B. Total functional expenses rose by 96.4%, from $158.8M to $311.9M. In its most recent filing year (2023), Hudson Valley Federal Credit Union reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $6.6B in liabilities against $7.1B in assets (debt-to-asset ratio: 93.9%), resulting in net assets of $432.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $314.7M | $311.9M | $7.1B | $6.6B | — | — |
| 2021 | $255.4M | $158.8M | $6.5B | $5.8B | — | — |
Data Sources and Methodology
This transparency report for Hudson Valley Federal Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.