Nonprofit · EIN 14-1471439
HUDSON VALLEY FEDERAL CREDIT UNION
Tax-exempt · POUGHKEEPSIE, NY 12603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $424,102,190 | $402,019,294 | $22,082,896 | $7,450,776,209 | $7,017,779,789 | $432,996,420 |
| December 31, 2023 | 990 | $314,660,970 | $311,868,141 | $2,792,829 | $7,062,798,226 | $6,630,386,858 | $432,411,368 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $325,489,261
- Investment income
- $98,611,173
- Net rental income
- $1,756
- Net gain from sales of assets
- $1,433,697
- Other revenue
- $1,756
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $142,173,195
- Compensation of officers, directors and key employees
- $11,798,362
- Other salaries and wages
- $75,328,087
- Salaries, compensation and benefits (total)
- $109,072,739
- Professional fundraising fees
- $0
- Legal fees
- $677,951
- Accounting fees
- $360,000
- Occupancy
- $5,539,438
- Travel
- $341,675
- Depreciation
- $6,526,014
Balance sheet and other
- Total assets, start of year
- $7,062,798,226
- Total assets, end of year
- $7,450,776,209
- Total liabilities, end of year
- $7,017,779,789
- Net assets, end of year
- $432,996,420
- Land, buildings and equipment
- $86,263,911
- Publicly traded securities
- $2,068,966,980
- Gross unrelated business income
- $1,149,098
- Gross receipts
- $424,748,800
- Employees
- 1,195
- Volunteers
- 20
- Year formed
- 1963
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN ROBERTS | PRESIDENT CHIEF EXECUTIVE Officer | 40 | $1,971,939 | $1,881,622 |
| MARK TIMMERMAN | EVP/CRO Officer | 40 | $666,004 | $606,817 |
| SCOTT VAN ZANDT | EVP/CHIEF FINANCIAL OFFICER Officer | 40 | $799,948 | $427,348 |
| RICHARD LIONHOOD | EVP/CBO Officer | 40 | $737,394 | $458,372 |
| DIANE ALLENBAUGH | FORMER EVP/CPO Officer | 40 | $1,176,390 | $10,246 |
| JOHN FEDE | EVP/CIO Officer | 40 | $517,300 | $249,390 |
| CHRISTOPHER KIEFFER | EVP/CSO Officer | 40 | $461,340 | $190,010 |
| AMY JAKOBEIT | EVP/CMO Officer | 40 | $448,962 | $142,463 |
| MATTHEW GIORGI | FINANCIAL CONSULTANT II Highest-paid employee | 40 | $507,622 | $78,694 |
| ANTON ROHRMEIER | FORMER EVP/COO Officer | 40 | $532,141 | $20,239 |
| GREGORY ANTONAKOS | FINANCIAL CONSULTANT II Highest-paid employee | 40 | $448,551 | $78,043 |
| CHRISTOPHER CANTELE | AVP WEALTH MANAGEMENT Highest-paid employee | 40 | $442,899 | $81,243 |
| LYNDA BEISNER | FINANCIAL CONSULTANT II Highest-paid employee | 40 | $468,699 | $38,541 |
| DESIREE WOLFE | EVP/CXO Officer | 40 | $423,104 | $77,333 |
| TROY DEL VALLE | VP/DATA PLATFORM ARCHITECT Highest-paid employee | 40 | $341,306 | $85,802 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY PANTALEO | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| KEITH BASKETT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NANCY KAPPLER-FOSTER | DIRECTOR EMERITUS Trustee or director, Officer | 1 | $0 |
| BENJAMIN SMITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| HENRIETTA AKPATA | DIRECTOR Trustee or director | 1 | $0 |
| JANINE S DAUGHTRY | TREASURER Trustee or director, Officer | 1 | $0 |
| NANCY K BOEHM | DIRECTOR Trustee or director | 1 | $0 |
| KAREN MCFARLANE | DIRECTOR Trustee or director | 1 | $0 |
| ALISA SWIRE | DIRECTOR Trustee or director | 1 | $0 |
| WESLEY J LEE | DIRECTOR Trustee or director | 1 | $0 |
| JUHI SAHA | ASSOCIATE BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY D MADDEN | PRESIDENT CHIEF EXECUTIVE Officer | 40 | $2,363,677 | $12,652 |
| JONATHAN ROBERTS | PRESIDENT CHIEF EXECUTIVE Officer | 40 | $1,061,581 | $65,549 |
| DIANE ALLENBAUGH | SVP OF HR AND ORGANIZATION Key employee | 40 | $1,010,935 | $34,845 |
| ANTON ROHRMEIER | EVP/CHIEF OPERATIONS OFFIC Key employee | 40 | $704,364 | $59,447 |
| SCOTT VAN ZANDT | SVP/CHIEF FINANCIAL OFFICE Officer | 40 | $555,078 | $61,548 |
| MARK TIMMERMAN | EVP/CRO Key employee | 40 | $498,379 | $71,033 |
| GREGORY ANTONAKOS | FINANCIAL CONSULTANT II Highest-paid employee | 40 | $405,100 | $58,949 |
| RICHARD LIONHOOD | EVP/CBO Key employee | 40 | $380,249 | $31,649 |
| MATTHEW GIORGI | FINANCIAL CONSULTANT II Highest-paid employee | 40 | $340,069 | $59,975 |
| CHRISTOPHER CANTELE | AVP WEALTH MANAGEMENT Highest-paid employee | 40 | $333,645 | $57,777 |
| LYNDA BEISNER | FINANCIAL CONSULTANT II Highest-paid employee | 40 | $362,251 | $23,882 |
| ROBERT BROWN | SVP/SR DIRECTOR RETAIL NETWORK Highest-paid employee | 40 | $291,352 | $55,001 |
| CHRISTOPHER KIEFFER | EVP/CSO Key employee | 40 | $296,578 | $20,438 |
| JOHN FEDE | EVP/CIO Key employee | 40 | $286,688 | $28,673 |
| DESIREE WOLFE | EVP/CXO Key employee | 40 | $174,241 | $23,703 |
| JAY PANTALEO | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| KEITH BASKETT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NANCY KAPPLER-FOSTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BENJAMIN SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HENRIETTA AKPATA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANINE S DAUGHTRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WESLEY J LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN MCFARLANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALISA SWIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 137 BOARDMAN RD, POUGHKEEPSIE, NY 12603-4821
- In care of
- % GREG CRISPELL
- Principal officer (990 for 2024)
- SCOTT VAN ZANDT, 137 BOARDMAN ROAD, POUGHKEEPSIE, NY 12603
- Signed the 990
- SCOTT VAN ZANDT, EVP/CHIEF FINANCIAL OFFICER
- Phone
- (800) 468-3011
- Website
- WWW.HVFCU.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PARTNER IN BUILDING SUCCESSFUL FUTURES FOR INDIVIDUAL MEMBERS, EMPLOYEES, AND OUR ENTIRE COMMUNITY.
Program accomplishments
- HVCU PROVIDES CONSUMER AND BUSINESS DEPOSIT AND LOAN PRODUCTS, A VARIETY OF PERSONAL AND BUSINESS INSURANCE PRODUCTS AND WEALTH MANAGEMENT SERVICES.
What it must file and when
IRS records say it files Not required (government). 501(c)(1) organizations do not file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1471439
- Tax-exempt status
- 501(c)(1): Corporation organized under an act of Congress
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Not required (government)
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $7,450,776,209
- Income (IRS master file)
- $424,748,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $424,102,190 | $402,019,294 | $7,450,776,209 | XML |
| 990 | December 2023 | $314,660,970 | $311,868,141 | $7,062,798,226 | XML |
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 14-1471439).
Questions about HUDSON VALLEY FEDERAL CREDIT UNION
- What is the EIN of HUDSON VALLEY FEDERAL CREDIT UNION?
- The employer identification number (EIN) of HUDSON VALLEY FEDERAL CREDIT UNION is 14-1471439.
- Is HUDSON VALLEY FEDERAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(1) since 2024.
- Are donations to HUDSON VALLEY FEDERAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HUDSON VALLEY FEDERAL CREDIT UNION file?
- Form Not required (government). 501(c)(1) organizations do not file.
- When is the next return of HUDSON VALLEY FEDERAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HUDSON VALLEY FEDERAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HUDSON VALLEY FEDERAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names SCOTT VAN ZANDT.
- Who are the officers and directors of HUDSON VALLEY FEDERAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 26 people; 15 received compensation from the organization, the highest $1,971,939 (JONATHAN ROBERTS, PRESIDENT CHIEF EXECUTIVE).
- How much revenue does HUDSON VALLEY FEDERAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $424,102,190, expenses of $402,019,294 and total assets of $7,450,776,209 at year end.
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