Community Credit Union Of New Milford Inc

Organization Overview

Community Credit Union Of New Milford Inc is located in New Milford, CT. The organization was established in 1976. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Community Credit Union Of New Milford Inc employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Credit Union Of New Milford Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Community Credit Union Of New Milford Inc generated $506.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $521.4k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SAVINGS AND BORROWING THRU MEMBER OWNED FINANCIAL COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SAVINGS AND BORROWING THRU MEMBER OWNED FINANCIAL COOPERATIVE. THE ORGAINZATION OFFERS MEMBERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND LOANS.


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Board, Officers & Key Employees

Name (title)Compensation
John T Kmetz III
CEO
$64,403
Kevin Brown
Vice Chair
$0
George Assad
Secretary
$0
Martin Landgrebe
Chairman
$0
George C Buckbee
Treasurer
$0
Peter Stone
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$501,305
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $506,833

Peer Organizations

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