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Filing year 2023

MUNICIPAL CREDIT UNION

New York, New York·EIN 13-5261470·501(c)(14)
Total revenue
$291.3M
Total assets
$4.3B
Total expenses
$212.7M
Reported officers
32
Mission

TO BUILD LIFETIME FINANCIAL RELATIONSHIPS WITH EACH MEMBER, PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 26 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Executive Officer
Above 90th percentile
$1.4M
$1.6M
Base
$1M
Bonus
$363k
Other
Benefits
$29k
Chief Lending Officer, Thru 10/2023
Officer (Unspecified)
$663k
$744k
Base
$324k
Bonus
$68k
Other
$255k
Benefits
$16k
Chief Financial Officer
Above 90th percentile
$510k
$573k
Base
$413k
Bonus
$64k
Other
Benefits
$33k
Chief Information Officer
Above 90th percentile
$456k
$512k
Base
$382k
Bonus
$59k
Other
Benefits
$15k
Chief Strategy Officer
Officer (Unspecified)
$448k
$502k
Base
$374k
Bonus
$58k
Other
Benefits
$15k
Chief People & Experience Officer
Officer (Unspecified)
$427k
$479k
Base
$360k
Bonus
$52k
Other
Benefits
$15k
General Counsel
Officer (Unspecified)
$306k
$343k
Base
$291k
Bonus
Other
Benefits
$15k
Chief Marketing Officer
Officer (Unspecified)
$289k
$325k
Base
$276k
Bonus
Other
Benefits
$14k
Vice President, Consumer Lending
Board Vice President
75th to 90th percentile
$271k
$304k
Base
$213k
Bonus
$25k
Other
Benefits
$33k
Vice President, Community Engagement
Board Vice President
75th to 90th percentile
$265k
$297k
Base
$225k
Bonus
$15k
Other
Benefits
$25k
Vice President, Accounting
Board Vice President
75th to 90th percentile
$263k
$295k
Base
$225k
Bonus
$15k
Other
Benefits
$23k
Director, Compliance Officer
Highest Compensated Employee
75th to 90th percentile
$261k
$293k
Base
$212k
Bonus
$17k
Other
Benefits
$33k
Vice President, IT Operations and Development
Board Vice President
75th to 90th percentile
$253k
$284k
Base
$212k
Bonus
$25k
Other
Benefits
$16k
Vice President, Learning and Development
Board Vice President
75th to 90th percentile
$251k
$281k
Base
$211k
Bonus
$24k
Other
Benefits
$15k
Vice President, Retail Channels
Board Vice President
75th to 90th percentile
$249k
$279k
Base
$209k
Bonus
$25k
Other
Benefits
$15k
Vice President, Marketing & Public Relations
Board Vice President
75th to 90th percentile
$244k
$274k
Base
$192k
Bonus
$27k
Other
Benefits
$26k
Manager, Systems Development & Programming
Highest Compensated Employee
75th to 90th percentile
$244k
$274k
Base
$203k
Bonus
$8k
Other
Benefits
$33k
Vice President, Strategic Enablement
Board Vice President
75th to 90th percentile
$243k
$273k
Base
$196k
Bonus
$14k
Other
Benefits
$33k
Vice President, Real Estate
Board Vice President
75th to 90th percentile
$243k
$272k
Base
$205k
Bonus
Other
Benefits
$38k
Director, Information Security
Highest Compensated Employee
75th to 90th percentile
$237k
$266k
Base
$190k
Bonus
$15k
Other
Benefits
$33k
Vice President, Payments
Board Vice President
75th to 90th percentile
$221k
$248k
Base
$169k
Bonus
$24k
Other
Benefits
$28k
Vice President,it Infrastructure & Technology
Board Vice President
75th to 90th percentile
$219k
$246k
Base
$205k
Bonus
$12k
Other
Benefits
$2k
Director, Bsa Officer
Highest Compensated Employee
Median to 75th percentile
$199k
$224k
Base
$184k
Bonus
$14k
Other
Benefits
$787
Manager, Network and Telecommunications
Highest Compensated Employee
Median to 75th percentile
$198k
$223k
Base
$176k
Bonus
$7k
Other
Benefits
$16k
Vice President, Enterprise Risk Management, Thru 09/2023
Board Vice President
Median to 75th percentile
$189k
$212k
Base
$160k
Bonus
Other
$18k
Benefits
$11k
Vice President, Transformation Thru 07/2023
Board Vice President
Median to 75th percentile
$180k
$202k
Base
$127k
Bonus
$18k
Other
$18k
Benefits
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Down 2%
from 2022

From $1.5M in 2022 to $1.4M in 2023.

$1.5M
2022
$1.4M
2023
In today's dollarsEst.
Down 6% in real terms$1.7M to $1.6M

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 2% from 2022 to 2023, while revenue rose 18%.

$1.5M in 2022 to $1.4M in 2023.
  • Chief Financial Officer pay rose 51% from 2022 to 2023.
  • Chief Information Officer pay rose 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MUNICIPAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$246.5M
$179M
2022
$291.3M
$212.7M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MUNICIPAL CREDIT UNION

What does the Chief Executive Officer of MUNICIPAL CREDIT UNION earn?

In 2023, the Chief Executive Officer of MUNICIPAL CREDIT UNION received $1,432,085 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MUNICIPAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MUNICIPAL CREDIT UNION falls in the top 10%.

What are MUNICIPAL CREDIT UNION's revenue and expenses?

In 2023, MUNICIPAL CREDIT UNION reported $291.3M in total revenue and $212.7M in total expenses on its IRS Form 990.

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