NonprofitsMutual Security Credit Union Inc

Mutual Security Credit Union Inc

SHELTON, CT

Total revenue

$20.2M

Total expenses

$18.9M

Net assets

$31.5M

Grants received

EIN

060701899

Tax year

2024

Mission

The mission of mutual security credit union (the credit union) is to be the builders of financial well-being within the communities that we serve. We promote the economic well being of our members by providing a broad range of innovative financial products. These programs will be administered in a personalized environment by a professional staff and dedicated volunteers. The credit union offers members various consumer and real estate loan products (personal, auto, 1st & 2nd mortgages, home equity lines of credit, smart energy loans, visa credit cards). The credit union also offers members visa check/debit cards as well as various savings, certificates & checking accounts.

Programs

2 programs

Mutual security credit union offers members our visa credit cards and visa check card (debit card). New visa accounts issued in 2024 = 199.

Mutual security credit union offers members our various checking account programs. New checking accounts opened in 2024 = 88.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$19.3M
Investment income$848K
Other revenue
Total revenue$20.2M

Expenses

Grants paid$6K
Salaries & benefits$7.2M
Fundraising
Other expenses$11.8M
Total expenses$18.9M
Total assets$355.0M
Net assets$31.5M

People

14 listed

NameRoleCompensation

HENRY BAUM

CEO

Board

$301K

45 hrs/wk

CHARLES OKYERE

CFO

Board

$163K

40 hrs/wk

EDWIN RODRIGUEZ

DIRECTOR

Board

5 hrs/wk

ROBERT MARAGES

VICE CHAIR

Board

5 hrs/wk

ROBERT LUBUS

SECRETARY

Board

5 hrs/wk

BRUCE M LIKELY

CHAIR

Board

5 hrs/wk

KEN DECKER

TREASURER

Board

5 hrs/wk

ANN BUDZYNSKI

DIRECTOR

Board

5 hrs/wk

ROBERT J BASTA

DIRECTOR

Board

5 hrs/wk

JEFFREY TRACEY

VP, LENDING

Staff

$213K

45 hrs/wk

MICHAEL AUGUSTI

VP, SALES AND SERVICE

Staff

$171K

45 hrs/wk

ANN NANKERVIS

VP, HUMAN RESOURCES

Staff

$170K

45 hrs/wk

MARIA LAZOR

VP, RISK & STRATERGY MANAGEMENT

Staff

$149K

45 hrs/wk

CHRIS HORVATH

DIRECTOR OF IT

Staff

$132K

45 hrs/wk

Independent contractors

PRESIDIO NETWORKED SOLUTIONS GROUP LLC

DATA PROCESSING EQUIPMENT & SUPPORT

$636K

JACK HENRY & ASSOCIATESINC

CORE COMPUTER SYSTEM & SUPPORT

$455K

UPSTART NETWORK INC

PERSONAL LOAN REFERRALS AND SERVICING OF

$252K

AT & T

PHONE & DATA LINES

$211K

DIEBOLD INC

ATM MACHINE PURCHASES & SUPPORT

$144K

Details

EIN060701899
Subsection14
Ruling date1976-03
Formed2001
Employees92
Volunteers61
MUTUAL SECURITY CREDIT UNION INC — Mission, Financials & Grants Received | Grantivo