Civic Intelligence

Mutual Security Credit Union Inc

990 • Fiscal year 2012 • EIN 06-0701899

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 30, 2013

Organization ProfileN/A

View Organization Page

12 Progress Drive06484
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

53rd percentile

5.3%

Faster asset growth than 53% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$247,149,937

Up $12,462,101 (+5.3%) from 2011

Net Assets

Up

$18,467,022

Up $499,024 (+2.8%) from 2011

Liabilities

Up

$228,682,915

Up $11,963,077 (+5.5%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$11,930,075

Down $318,477 (-2.6%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $238,775,951Liabilities 2010: $221,453,641Net Assets 2010: $17,322,3102010Assets 2011: $234,687,836Liabilities 2011: $216,719,838Net Assets 2011: $17,967,9982011Assets 2012: $247,149,937Liabilities 2012: $228,682,915Net Assets 2012: $18,467,0222012Assets 2013: $239,439,126Liabilities 2013: $220,675,845Net Assets 2013: $18,763,2812013Assets 2014: $249,491,746Liabilities 2014: $230,311,619Net Assets 2014: $19,180,1272014Assets 2015: $255,906,948Liabilities 2015: $235,456,720Net Assets 2015: $20,450,2282015Assets 2016: $270,079,655Liabilities 2016: $249,210,925Net Assets 2016: $20,868,7302016Assets 2017: $280,684,890Liabilities 2017: $259,565,709Net Assets 2017: $21,119,1812017Assets 2018: $309,950,951Liabilities 2018: $287,430,478Net Assets 2018: $22,520,4732018Assets 2019: $319,353,478Liabilities 2019: $295,603,843Net Assets 2019: $23,749,6352019Assets 2020: $335,855,430Liabilities 2020: $310,955,926Net Assets 2020: $24,899,5042020Assets 2021: $354,262,560Liabilities 2021: $327,206,899Net Assets 2021: $27,055,6612021Assets 2022: $390,854,151Liabilities 2022: $363,939,211Net Assets 2022: $26,914,9402022Assets 2023: $357,474,048Liabilities 2023: $327,237,727Net Assets 2023: $30,236,3212023Assets 2024: $354,958,379Liabilities 2024: $323,462,691Net Assets 2024: $31,495,6882024

Highlighted filing

2012

Assets$247,149,937
Liabilities$228,682,915
Net Assets$18,467,022
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $13,770,0442010Expenses 2011: $12,248,5522011Expenses 2012: $11,930,0752012Revenue 2013: $11,968,755Expenses 2013: $11,672,494Net Income 2013: $296,2612013Revenue 2014: $12,035,310Expenses 2014: $11,618,464Net Income 2014: $416,8462014Revenue 2015: $13,089,342Expenses 2015: $11,819,241Net Income 2015: $1,270,1012015Revenue 2016: $13,037,692Expenses 2016: $12,619,190Net Income 2016: $418,5022016Revenue 2017: $13,484,180Expenses 2017: $13,233,729Net Income 2017: $250,4512017Revenue 2018: $14,873,778Expenses 2018: $13,472,486Net Income 2018: $1,401,2922018Revenue 2019: $15,788,404Expenses 2019: $14,559,242Net Income 2019: $1,229,1622019Revenue 2020: $15,192,487Expenses 2020: $13,995,742Net Income 2020: $1,196,7452020Revenue 2021: $14,669,690Expenses 2021: $12,433,167Net Income 2021: $2,236,5232021Revenue 2022: $15,885,151Expenses 2022: $13,489,120Net Income 2022: $2,396,0312022Revenue 2023: $17,991,355Expenses 2023: $16,626,896Net Income 2023: $1,364,4592023Revenue 2024: $20,187,778Expenses 2024: $18,920,512Net Income 2024: $1,267,2662024

Highlighted filing

2012

Revenue-
Expenses$11,930,075
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 30, 2013
Return Version
2012v2.1
Gross Receipts
$12,302,901
Mission and Program Overview

Mission

The mission of mutual security credit union (mscu) is to promote the economic well being of its 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.

Major Activities

Activity 2
Mscu offers members various consumer loan products (personal loans, auto loans, mortgages - 1st, 2nd and home equity loc).
Activity 3
Mscu offers members our visa credit cards and visa check card (debit card).
Filing and Contact Details

Filer

EIN
06-0701899
Raw XML AppendixShowing 400 of 489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity3/Description0MSCU OFFERS MEMBERS OUR VISA CREDIT CARDS AND VISA CHECK CARD (DEBIT CARD).
IRS990/ActivityOrMissionDescription0THE MISSION OF MUTUAL SECURITY CREDIT UNION (MSCU) IS TO PROMOTE THE ECONOMIC WELL BEING OF ITS 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.
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IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine11BLUEWATER COMMUNICATIONS GROUP LLC
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IRS990/Description0MSC IS A COMMUNITY CREDIT UNION WITH A MEMBERSHIP BASE OF THOSE LIVING, WORKING, WORSHIPPING OR ATTENDING SCHOOL IN FAIRFIELD, LITCHFIELD OR NEW HAVEN COUNTIES. MEMBERSHIP ELIGIBILITY ALSO INCLUDES THOSE EMPLOYED OR THE RETIRED PENSIONERS/ANNUITANTS OF OUR 77 SELECT EMPLOYEE GROUPS. FAMILY MEMBERS OF OUR CURRENT CU MEMBERS ARE ALSO ELIGIBLE FOR MEMBERSHIP. AS OF 12/31/12 WE ARE SERVING 35,803 MEMBERS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0MSCU HAS ESCROW ACCOUNTS FOR MEMBERS WITH FIRST MORTGAGE LOANS. THEIR FUNDS ACCUMULATE MONTHLY AND WHEN DUE, MSCU PAYS THEIR TOWN/CITY PROPERTY TAX AND INSURANCE ON THEIR BEHALF.
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IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg022121
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0LARRY F HOLDERMAN
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg021454
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg01980
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT, CEO
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0213477
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
IRS990ScheduleO/GeneralExplanation/Explanation1MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/GeneralExplanation/Explanation2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/GeneralExplanation/Explanation3THE CHAIRMAN, AND VICE-CHAIRMAN OR TREASURER OF THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4THE CREDIT UNION POLICY HAS GUIDELINES FOR VARIOUS TRANSACTIONS TO ENSURE THAT OUR BUSINESS ACTIVITIES ARE PERFORMED IN COMPLIANCE WITH THE STATE OF CT STATUTES. SEGREGATION OF DUTIES IS MANAGED TO ENSURE THAT SYSTEM TRANSACTIONS ARE IN COMPLIANCE WITH THE POLICY. OUTSIDE OF OUR CORE SYSTEM, OTHER AUTHORIZATIONS TO PERFORM HIGH LEVEL FUNCTIONS ARE ASSIGNED UNDER DUAL APPROVAL WITHIN POLICY LIMITS. BOARD APPROVAL IS RECEIVED WHEN NECESSARY FOR THOSE TRANSACTIONS AS STATED IN THE POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation5SALARY AND JOB DESCRIPTION DATA IS OBTAINED FROM A CONSULTANT, HR VALUE GROUP, WHOSE DATA INCLUDES SALARY RANGES FROM THE CUNA SALARY SURVEY, CUES SURVEY, AND THE ECONOMIC RESEARCH INSTITUTE. CEO SALARY IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation6FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE NOT.
IRS990ScheduleO/GeneralExplanation/Explanation7EQUITY ACQUIRED IN MERGER 235,015.
IRS990ScheduleO/GeneralExplanation/Explanation8THE PROCESS USED TO OVERSEE THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PREVIOUS YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990 PART XI, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine10C/O MSCU PO BOX 2489
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City0SHELTON
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0CT
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode0064841489
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg01
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine10MUTUAL SECURITY CREDIT UNION
IRS990ScheduleR/Form990ScheduleRPartIV/EIN0061269292
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState0CT
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine10GODFREY TERRACE CONDO ASSOCIATION
IRS990ScheduleR/Form990ScheduleRPartIV/PercentageOwnership01.00000
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity0CONDO ASSOCIATION
IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity0C
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$247,149,937
Liabilities
$228,682,915
Net assets
$18,467,022
Revenue
-
Expenses
$11,930,075
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$355$323$31.5$20.2$18.9$1.27
2023Detailed filing. Detailed filing data is available for this year.$357$327$30.2$18.0$16.6$1.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$391$364$26.9$15.9$13.5$2.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$354$327$27.1$14.7$12.4$2.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$336$311$24.9$15.2$14.0$1.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$319$296$23.7$15.8$14.6$1.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$310$287$22.5$14.9$13.5$1.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$281$260$21.1$13.5$13.2$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$270$249$20.9$13.0$12.6$0.42
2015Detailed filing. Detailed filing data is available for this year.$256$235$20.5$13.1$11.8$1.27
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$249$230$19.2$12.0$11.6$0.42
2013Detailed filing. Detailed filing data is available for this year.$239$221$18.8$12.0$11.7$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$247$229$18.5$11.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$235$217$18.0$12.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$239$221$17.3$13.8