Hudson Valley Federal Credit Union EIN 14-1471439

Hudson Valley Federal Credit Union

EIN  14-1471439 Mutual-benefit / member-serving Poughkeepsie, NY Founded 1963
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Offers members financial, insurance, and banking services.
Leadership
Jonathan Roberts · President Chief Executive · $2.0M
Money in and out
$424.1M revenue, $402.0M expenses
Bottom line
+5% surplus margin

Offers members financial, insurance, and banking services. For fiscal year 2024 it reported $424.1M in revenue, $402.0M in expenses, and $433.0M in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$424.1M
Pt VIII · Ln 12
Total expenses
$402.0M
Pt IX · Ln 25
Net assets
$433.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22.1M
Surplus margin
+5%
revenue over expenses, this year▲ +487% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$424.1M
FY2024▲ +35%
Expenses
$402.0M
FY2024▲ +29%
Total assets
$7.5B
FY2024▲ +5%
Total liabilities
$7.0B
FY2024▲ +6%
Total revenue
$424.1M
Pt VIII · Ln 12
Total expenses
$402.0M
Pt IX · Ln 25
Net assets
$433.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22.1M
Total assetsPt X · Ln 16$7.5B
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Hvcu provides consumer and business deposit and loan products, a variety of personal and business insurance products and wealth management services.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHudson Valley Federal Credit Union
EINHdr · item D14-1471439
Principal addressHdr · item CPoughkeepsie, NY
WebsiteHdr · item Jwww.hvfcu.org
Year of formationHdr · item L1963
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(14) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W61)
Ruling yearIRS BMFMar 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Chief Executive
$1,971,939Pt VII · Sec A
Former EVP/Cpo
$1,176,390Pt VII · Sec A
EVP/Chief Financial Officer
$799,948Pt VII · Sec A
$737,394Pt VII · Sec A
$666,004Pt VII · Sec A
Former EVP/COO
$532,141Pt VII · Sec A
EVP/CIO
$517,300Pt VII · Sec A
Financial Consultant II
$507,622Pt VII · Sec A

Jonathan Roberts’s $2.0M as President Chief Executive is at the 83rd percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023
Mary D Madden$2,363,677
Jonathan Roberts$1,971,939$1,061,581
Diane Allenbaugh$1,176,390$1,010,935
Scott Van Zandt$799,948$555,078
Richard Lionhood$737,394$380,249
Anton Rohrmeier$532,141$704,364
Mark Timmerman$666,004$498,379
John Fede$517,300$286,688

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$325.5M · 77%
Investment income$98.6M · 23%
Program service revenue77%$325.5M
Investment income23%$98.6M
Other revenue$2K
Total revenueLn 12$424.1M

Balance Sheet

Part X · end of year
CashLn 1$672.2M
Total assetsLn 16$7.5B
Total liabilitiesLn 26$7.0B
Total net assetsLn 32$433.0M
Months of cash on handcomputed20.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8B · Operating expenses/yr $402.0M
83.2 months
Where the money goes
Program services
Program services — · Total expenses $402.0M
Management & General
Management & general — · Total expenses $402.0M
Fundraising
Fundraising — · Total expenses $402.0M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $424.1M
0%
Government reliance
Government grants — · Total revenue $424.1M
Earned-income share
Program service revenue $325.5M · Total revenue $424.1M
77%
Investment reliance
Investment income $98.6M · Total revenue $424.1M
+23%
Program self-sufficiency
Program service revenue $325.5M · Total expenses $402.0M
81%
Growth & trend
Revenue growth (YoY)
This year $424.1M · Prior year $314.7M
+35%
Net-asset trend (YoY)
End of year $433.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $424.1M · Expenses $402.0M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $7.5B
Net-asset ratio
Net assets $433.0M · Total assets $7.5B
6%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1B · Other securities (Pt X, ln 12) $45.1M · Total assets (Pt X, ln 16) $7.5B
28%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Roberts · Reported title PRESIDENT CHIEF EXECUTIVE · Highest reported compensation $2.0M · Total expenses $402.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $109.1M · Total expenses $402.0M
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 35%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$424.1M revenue · viewing · ⤓ 990 PDF
FY2023$314.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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