Program areas at MSCU
Mutual Security Credit Union offers members various consumer loan products (personal loans, auto loans, mortgages - 1st, 2nd, and home equity lines of Credit, smart energy loans). New loans issued in 2022: personal loans = 459, new & used auto loans = 2,761, 1st, 2nd & helocs = 253, smart energy loans = 64.
Mutual Security Credit Union offers members our various checking account programs. New checking accounts opened in 2022 = 370.
Mutual Security Credit Union offers members our visa Credit cards and visa check card (debit card). New visa accounts issued in 2022 = 432.
Personnel at MSCU
| Name | Title | Compensation | Date of data |
|---|
| Hank Baum | President and Chief Executive Officer | | 2023-08-22 |
| Stephen J Osowiecki | Chief Financial Officer | $184,768 | 2023-11-13 |
| Ann Nankervis | Vice President of Human Resources | $151,115 | 2023-08-22 |
| Michael Augusti | Vice President of Sales and Service | $163,406 | 2023-08-22 |
| Ann Joined | Vice President | | 2023-08-22 |
| ...and 15 more key personnel |
Financials for MSCU
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $15,519,321 | $14,470,329 | 7.2% |
| Investment income and dividends | $601,896 | $169,080 | 256% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-247,051 | $29,133 | -948% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $10,985 | $1,148 | 856.9% |
| Total revenues | $15,885,151 | $14,669,690 | 8.3% |
Organizations like MSCU
| Organization | Type | Location | Revenue |
|---|
| Dutch Point Credit Union | 501(c)(14) | Wethersfield, CT | $16,104,294 |
| Sikorsky Credit Union | 501(c)(14) | Stratford, CT | $41,268,421 |
| Finex Credit Union | 501(c)(14) | East Hartford, CT | $7,998,878 |
| Connex Credit Union | 501(c)(14) | North Haven, CT | $35,206,220 |
| Nutmeg State Financial Credit Union | 501(c)(14) | Rocky Hill, CT | $33,470,573 |
| Achieve Financial Credit Union | 501(c)(14) | Berlin, CT | $10,293,726 |
| Alabama Teachers Credit Union (ATCU) | 501(c)(14) | Gadsden, AL | $23,248,388 |
| Lafcu (1197 Lafcu) | 501(c)(14) | Lansing, MI | $51,596,579 |
| SF Fire Credit Union | 501(c)(14) | San Francisco, CA | $62,656,925 |
| Credit Union of Denver | 501(c)(14) | Lakewood, CO | $40,883,372 |
Data update history
January 24, 2024
Updated personnel
Identified 2 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 1 new vendor, including
August 22, 2023
Updated personnel
Identified 6 new personnel
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Community engagement / volunteeringProvides scholarships
General information
- Address
- 12 Progress Dr
- Shelton, CT 06484
- Metro area
- Bridgeport-Stamford-Norwalk, CT
- Website URL
- mscu.net/
- Phone
- (203) 402-7400
IRS details
- EIN
- 06-0701899
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2001
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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