New Haven County Credit Union Inc
- Assets
- $26.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- North Haven, CT
- Founding
- Data as of
- 12/2022
- EIN
- 06-0790693
Organization Overview
New Haven County Credit Union Inc is located in North Haven, CT. As of 12/2022, New Haven County Credit Union Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven County Credit Union 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 12/2022, New Haven County Credit Union Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION THAT PROVIDES FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS TO MEMBERS OF CREDIT UNION
INTEREST EARNED ON CREDIT UNION INVESTMENTS
FEES CHARGES TO MEMBERS FEES CHARGES TO NONMEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Wollman Chairman | Trustee | 1 | $0 |
Joseph Tatta Board Of Director | Trustee | 1 | $0 |
Nicholas Iwanec Treasurer | Trustee | 1 | $0 |
Susan Mcquire Secretary | Trustee | 1 | $0 |
Michael Koff Board Of Director | Trustee | 1 | $0 |
Ryan Parent Board Of Director | Trustee | 1 | $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 | $1,163,936 |
| Investment income | $127,179 |
| 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 | $1,291,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,098 |
| Pension plan accruals and contributions | $2,347 |
| Other employee benefits | $26,412 |
| Payroll taxes | $31,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,343 |
| Office expenses | $209,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,796 |
| Travel | $11,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,776 |
| All other expenses | $472 |
| Total functional expenses | $1,022,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,908,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,983,439 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,363 |
| Net Land, buildings, and equipment | $88,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,731,000 |
| Intangible assets | $0 |
| Other assets | $383,449 |
| Total assets | $26,111,213 |
| Accounts payable and accrued expenses | $184,021 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,060,263 |
| Total liabilities | $24,244,284 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,111,213 |