Municipal Credit Union
Municipal Credit Union demonstrates consistent asset growth and strong financial stability over the past decade.
EIN: 135261470 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $291.3M |
| Total Expenses | $179.0M |
| Program Spending | 90% |
| Net Assets | $268.3M |
| Transparency Score | 75/100 |
Is Municipal Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Municipal Credit Union directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Municipal Credit Union
Municipal Credit Union (EIN: 135261470) is a nonprofit organization based in New York, NY. The organization reported total revenue of $291.3M and total assets of $4.3B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Municipal Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Municipal Credit Union is a major nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246.5M |
| Total Expenses | $179.0M |
| Surplus / Deficit | +$67.5M |
| Total Assets | $4.2B |
| Total Liabilities | $4.0B |
| Net Assets | $268.3M |
| Operating Margin | 27.4% |
| Debt-to-Asset Ratio | 93.7% |
| Months of Reserves | 283.8 months |
Financial Health Grade: A
In 2023, Municipal Credit Union reported a surplus of $67.5M with revenue exceeding expenses, holds 283.8 months of operating reserves (strong position), has a debt-to-asset ratio of 93.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Municipal Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +29.1% | -1.2% |
| 2022 | -4.5% | +17.8% | +2.1% |
| 2021 | +130.4% | +45.3% | +14.4% |
| 2020 | -56.1% | -73.1% | +20.1% |
| 2019 | +10.2% | +61.2% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Municipal Credit Union with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Municipal Credit Union allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $67.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 'Officer Comp=0%', which is unusual for an organization of this size and suggests that executive compensation is either not reported in this specific section of the 990 or is structured differently, rather than indicating a lack of executive salaries.
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 Municipal Credit Union's IRS 990 filings:
- Unclear executive compensation reporting for an organization of this size, consistently showing 0%.
Strengths
The following positive indicators were identified for Municipal Credit Union:
- Consistent and substantial asset growth over the past decade, from $2.09 billion in 2014 to $4.34 billion currently.
- Strong revenue generation, with the latest reported revenue at $291,347,613.
- Healthy financial position with assets significantly exceeding liabilities, indicating stability.
- Operational efficiency demonstrated by revenue consistently exceeding expenses in recent periods.
Frequently Asked Questions about Municipal Credit Union
Is Municipal Credit Union a legitimate charity?
Municipal Credit Union (EIN: 135261470) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $291.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Municipal Credit Union spend its money?
Municipal Credit Union directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Municipal Credit Union tax-deductible?
Municipal Credit Union is registered as a tax-exempt nonprofit (EIN: 135261470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Municipal Credit Union's spending goes to programs?
Municipal Credit Union directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Municipal Credit Union located?
Municipal Credit Union is headquartered in New York, New York and files with the IRS under EIN 135261470.
How many years of IRS 990 filings does Municipal Credit Union have?
Municipal Credit Union has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $291.3M in total revenue.
Is Municipal Credit Union a good charity?
Municipal Credit Union is not a charity in the traditional sense; it is a member-owned financial cooperative. Its 'goodness' should be assessed based on its service to members, financial stability, and competitive offerings, rather than charitable impact.
How has Municipal Credit Union's financial health changed over the last decade?
MCU has shown significant financial growth, with assets more than doubling from $2.09 billion in 2014 to $4.34 billion currently, indicating robust expansion and stability.
Why is officer compensation reported as 0%?
The consistent reporting of 'Officer Comp=0%' across all filings is atypical for an organization of this scale. It likely indicates that executive compensation is either reported in a different section of the 990, or the credit union's specific reporting structure for compensation does not categorize it under 'officer compensation' in the way the provided data implies.
Filing History
IRS 990 filing history for Municipal Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Municipal Credit Union's revenue has grown by 103.3%, moving from $121.3M to $246.5M. Total assets increased by 155.5% over the same period, from $1.7B to $4.2B. Total functional expenses rose by 50.2%, from $119.2M to $179.0M. In its most recent filing year (2023), Municipal Credit Union reported a surplus of $67.5M, with revenue exceeding expenses. The organization holds $4.0B in liabilities against $4.2B in assets (debt-to-asset ratio: 93.7%), resulting in net assets of $268.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $246.5M | $179.0M | $4.2B | $4.0B | — | View 990 |
| 2022 | $211.0M | $138.6M | $4.3B | $4.0B | — | View 990 |
| 2021 | $220.9M | $117.7M | $4.2B | $3.9B | — | View 990 |
| 2020 | $95.9M | $81.0M | $3.7B | $3.5B | — | View 990 |
| 2019 | $218.5M | $301.2M | $3.1B | $2.9B | — | — |
| 2018 | $198.2M | $186.9M | $2.9B | $2.8B | — | View 990 |
| 2017 | $183.0M | $165.4M | $2.7B | $2.6B | — | View 990 |
| 2016 | $167.2M | $157.5M | $2.5B | $2.4B | — | View 990 |
| 2015 | $149.3M | $144.1M | $2.3B | $2.2B | — | View 990 |
| 2014 | $133.6M | $131.7M | $2.1B | $2.0B | — | View 990 |
| 2013 | $127.2M | $124.1M | $2.0B | $1.8B | — | View 990 |
| 2012 | $122.6M | $118.1M | $1.8B | $1.7B | — | View 990 |
| 2011 | $121.3M | $119.2M | $1.7B | $1.5B | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246.5M, expenses of $179.0M, and assets of $4.2B (revenue +16.9% year-over-year).
- 2022: Revenue of $211.0M, expenses of $138.6M, and assets of $4.3B (revenue -4.5% year-over-year).
- 2021: Revenue of $220.9M, expenses of $117.7M, and assets of $4.2B (revenue +130.4% year-over-year).
- 2020: Revenue of $95.9M, expenses of $81.0M, and assets of $3.7B (revenue -56.1% year-over-year).
- 2019: Revenue of $218.5M, expenses of $301.2M, and assets of $3.1B (revenue +10.2% year-over-year).
- 2018: Revenue of $198.2M, expenses of $186.9M, and assets of $2.9B (revenue +8.3% year-over-year).
- 2017: Revenue of $183.0M, expenses of $165.4M, and assets of $2.7B (revenue +9.4% year-over-year).
- 2016: Revenue of $167.2M, expenses of $157.5M, and assets of $2.5B (revenue +12.0% year-over-year).
- 2015: Revenue of $149.3M, expenses of $144.1M, and assets of $2.3B (revenue +11.8% year-over-year).
- 2014: Revenue of $133.6M, expenses of $131.7M, and assets of $2.1B (revenue +5.0% year-over-year).
- 2013: Revenue of $127.2M, expenses of $124.1M, and assets of $2.0B (revenue +3.7% year-over-year).
- 2012: Revenue of $122.6M, expenses of $118.1M, and assets of $1.8B (revenue +1.1% year-over-year).
- 2011: Revenue of $121.3M, expenses of $119.2M, and assets of $1.7B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Municipal Credit Union:
Data Sources and Methodology
This transparency report for Municipal 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.