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ONE CREDIT UNION OF NY
CHEEKTOWAGA, NY · EIN 160368000 · Form 990 · FY2025 · Medium ($1M-$10M)
revenue
$5.8M
expenses
$4.6M
net assets
$12.7M
employees
26
volunteers
9
mission · from form 990

TO SERVICE THE BANKING NEEDS OF MEMBERS.

profile · synthesized from sources

One Credit Union of NY is a financial institution serving the banking needs of its members in New York. As a credit union, it provides consumer financial services such as savings accounts, loans, and checking accounts. The organization operates on a not-for-profit cooperative model, with services available exclusively to its membership.

activities · 1 group

What they do

  • Credit Union Financial Services 1 activity
    • Provides banking services to members
      Offers financial services such as savings and checking accounts, loans, and other credit union products to its member-owners in New York.
financials · form 990 · fy2025
revenue
Total revenue$5.82M
Contributions & grants$00%
Program service revenue$4.82M83%
Investment income$00%
Other revenue$1.01M
expenses
Total expenses$4.57M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.86M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$110.05M
Cash$14.83M
Investments$48.76M
Liabilities$97.38M
Net assets$12.67M
Liquid reserves167.0 mo
5 years on record · 2020–2025 · YoY revenue +15.2%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
JAMES FURMAN CHIEF EXECUTIVE OFFICER/ TREASURER 40 $286K
JODIE M PENFOLD ADMINISTRATOR 40 $196K
KATHLEEN FORDHAM CHIEF LENDING OFFICER/ CHIEF MARKETING OFFICER 40 $129K
CHRISTOPHER GASIEWICZ CHIEF FINANCIAL OFFICER 40 $102K
board members · 6
  • KENNETH NAPLES — DIRECTOR
  • KIMBERLY WALLACE — CHAIRPERSON
  • MATTHEW YUSICK — VICE CHAIRPERSON
  • MELISSA DENNEE — DIRECTOR
  • RONALD KOZLOWSKI — DIRECTOR
  • SHANTEE PERKINS — SECRETARY
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Member Cooperative Model
    methodology: member_cooperative
    By operating as a member-owned cooperative, the credit union aligns financial services with member needs rather than external shareholders, because shared ownership fosters trust, accountability, and reinvestment in member benefits.