Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
52nd percentile
Higher debt load relative to revenue than 52% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 1.9% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Down$239,439,126
Down $7,710,811 (-3.1%) from 2012
Net Assets
Up$18,763,281
Up $296,259 (+1.6%) from 2012
Liabilities
Down$220,675,845
Down $8,007,070 (-3.5%) from 2012
Revenue And Expenses
Revenue
$11,968,755
No earlier filing loaded for comparison.
Expenses
Down$11,672,494
Down $257,581 (-2.2%) from 2012
Net Income
$296,261
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Nov 4, 2014
- Return Version
- 2013v3.0
- Gross Receipts
- $12,168,654
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $210,543,454 | $219,676,642 | ▲ $9,133,188 |
| Rtn Earn Endowment Incm Other Fnds | $18,467,022 | $18,763,281 | ▲ $296,259 |
| Cash and Non-Interest-Bearing Accounts | $13,114,525 | $5,121,720 | ▼ $7,992,805 |
| Land, Buildings, and Equipment, Net | $4,216,358 | $4,979,008 | ▲ $762,650 |
| Savings and Temporary Cash Investments | $13,516,569 | $4,624,000 | ▼ $8,892,569 |
| Investments Other Securities | $1,578,024 | $714,741 | ▼ $863,283 |
| Prepaid Expenses and Deferred Charges | $350,486 | $502,740 | ▲ $152,254 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $247,149,937 | $239,439,126 | ▼ $7,710,811 |
| Other Assets Total | $3,830,521 | $3,820,275 | ▼ $10,246 |
| Liabilities | |||
| Other Liabilities | $225,315,579 | $219,327,692 | ▼ $5,987,887 |
| Escrow Account Liability | $922,422 | $1,148,567 | ▲ $226,145 |
| Accounts Payable and Accrued Expenses | $2,444,914 | $199,586 | ▼ $2,245,328 |
| Total Liabilities | $228,682,915 | $220,675,845 | ▼ $8,007,070 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $18,467,022 | $18,763,281 | ▲ $296,259 |
| Total Liabilities and Net Assets / Fund Balance | $247,149,937 | $239,439,126 | ▼ $7,710,811 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $2,592,609 | $1,826,196 | $4,418,805 |
| Buildings | $1,016,163 | $1,410,224 | $2,426,387 |
| Land | $1,035,139 | - | $1,035,139 |
| Leasehold Improvements | $335,097 | $664,944 | $1,000,041 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Larry F Holderman | President, CEO | FT | $184,041 | $48,769 | $232,810 |
| Jeffrey Levesque | VP of Information Technology | FT | $123,629 | $19,272 | $142,901 |
| Karen Levasseur | CFO | FT | $107,345 | $26,467 | $133,812 |
| Al Festini | Network Administrator | FT | $112,897 | $18,063 | $130,960 |
Board Members and Trustees
| Name | Title |
|---|---|
| Bruce M Likely | Chair |
| Robert Marages | Vice Chair |
| Arnold Haydu | Board Member |
| Robert J Basta | Board Member |
| Robert Lubus | Board Member |
| Linda Smitas | Secretary |
| Brigitta P Smith | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Jack Henry & Associates | Core Computer System | - | $927,581 |
| Sarracco Mechanical Services INC | Construction Work | - | $243,125 |
| Bluewater Communications Group LLC | Data Center Construction | - | $219,162 |
| Valuamerica | Appraisal & Mortgage Services | - | $153,995 |
| Adp Resource | Payroll & Hr Services | - | $132,405 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $11,709,003
- Investment Income
- $79,745
- Other Revenue
- $180,007
- Change in Net Assets
- $296,261
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $5,343,469 |
| Salaries, Compensation, and Employee Benefits | $5,142,538 |
| Grants and Similar Amounts Paid | $6,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $3,695,598 |
| Office Expenses | - | - | - | $1,391,090 |
| Benefits to Members | - | - | - | $1,180,487 |
| Information Technology | - | - | - | $792,070 |
| Occupancy | - | - | - | $666,519 |
| Other Employee Benefits | - | - | - | $566,743 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $366,623 |
| Payroll Taxes | - | - | - | $333,499 |
| Depreciation Depletion | - | - | - | $332,101 |
| Fees for Services Management | - | - | - | $240,781 |
| Advertising | - | - | - | $233,492 |
| Pension Plan Contributions | - | - | - | $180,075 |
| Insurance | - | - | - | $76,780 |
| Fees for Services Accounting | - | - | - | $70,575 |
| Conferences and Meetings | - | - | - | $68,829 |
| Travel | - | - | - | $33,679 |
| Other Expenses | - | - | - | $30,422 |
| Fees for Services Legal | - | - | - | $25,521 |
| All Other Expenses | - | - | - | $15,116 |
| Fees for Services Other | - | - | - | $11,809 |
| Interest | - | - | - | $6,236 |
| Grants to Domestic Individuals | - | - | - | $6,000 |
| Total Functional Expenses | $0 | $0 | $0 | $11,672,494 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Matthew R Holderman | Son of CEO | Gross Earnings | No | $13,030 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Shares on Deposit | $216,693,521 |
| Other Liabilities and Loans | $2,634,171 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- Yes
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“The 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.”
Form 990, Part VI, Section A, Line 7A
“Members 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.”
Form 990, Part VI, Section A, Line 7B
“Members 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.”
Form 990, Part VI, Section B, Line 11
“The chairman, and vice-chairman or treasurer of the board of directors will review form 990 prior to its filing.”
Form 990, Part VI, Section B, Line 12C
“The 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.”
Form 990, Part VI, Section B, Line 15
“Salary 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.”
Form 990, Part VI, Section C, Line 19
“Financial statements are available to the public upon request for the same period of disclosure as set forth in section 6104(d). Governing documents and conflicts of interest policies are not made available to the public.”
Filing and Contact Details
Filer
- EIN
- 06-0701899
- Phone
- 2034027400
Signing Officer
- Name
- Karen Levasseur
- Title
- CFO
- Phone
- 2034027400
- Signed
- 2014-11-04
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Larry F Holderman
- Formed
- 2001
- Legal Domicile
- Ct
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 99
- Volunteers
- 15
Preparer
- Preparer
- Gerald B Kissell
- Phone
- 6123324300
Supplemental Narrative
Additional Explanations
Form 990 Part XI, Line 2C
“The process used to oversee the audit and selection of an independent accountant has not changed since the previous year.”
Financial Statement Notes
PART IV, LINE 2B:
“Mscu 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.”
Raw XML AppendixShowing 400 of 507 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 2444914 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 199586 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 233492 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 15116 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 1180487 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | KAREN LEVASSEUR |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2034027425 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 12 PROGRESS DRIVE |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | SHELTON |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | CT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 06484 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 1 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 13114525 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 5121720 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 9 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 366623 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 68829 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 927581 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 243125 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 219162 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 153995 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 132405 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 0 | PO BOX 609 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 1 | PO BOX 475 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 2 | PO BOX 842893 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 3 | 113 TECHNOLOGY DRIVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 4 | 5800 WINDWARD PKWY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 0 | MONET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 1 | BRATTLEBORO |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 2 | BOSTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 3 | PITTSBURGH |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 4 | ALPHARETTA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 0 | MO |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 1 | VT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 2 | MA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 3 | PA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 4 | GA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 0 | 65708 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 1 | 05302 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 2 | 02284 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 3 | 15275 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 4 | 30005 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 0 | JACK HENRY & ASSOCIATES |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 1 | SARRACCO MECHANICAL SERVICES INC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 2 | BLUEWATER COMMUNICATIONS GROUP LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 3 | VALUAMERICA |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 4 | ADP RESOURCE |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CORE COMPUTER SYSTEM |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | CONSTRUCTION WORK |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | DATA CENTER CONSTRUCTION |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | APPRAISAL & MORTGAGE SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | PAYROLL & HR SERVICES |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 1180487 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 6000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 79745 |
| IRS990/CYOtherExpensesAmt | 0 | 5343469 |
| IRS990/CYOtherRevenueAmt | 0 | 180007 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 11709003 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 296261 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 5142538 |
| IRS990/CYTotalExpensesAmt | 0 | 11672494 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 11968755 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 332101 |
| IRS990/Desc | 0 | MSCU OFFERS MEMBERS VARIOUS CONSUMER LOAN PRODUCTS (PERSONAL LOANS, AUTO LOANS, MORTGAGES - 1ST, 2ND AND HOME EQUITY LINES OF CREDIT). AT DECEMBER 31, 2013 MSCU HAD 36,402 MEMBERS WITH TOTAL LOANS OUTSTANDING OF $220,313,374. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 99 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 922422 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 1148567 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 70575 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 25521 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 240781 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 11809 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 45.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 45.00 |
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| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 26467 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 18063 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 19272 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRUCE M LIKELY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ROBERT MARAGES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LINDA SMITAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BRIGITTA P SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ROBERT J BASTA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ARNOLD HAYDU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ROBERT LUBUS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | LARRY F HOLDERMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KAREN LEVASSEUR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | AL FESTINI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | JEFFREY LEVESQUE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 186346 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 107345 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 112897 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 123629 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT, CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | NETWORK ADMINISTRATOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | VP OF INFORMATION TECHNOLOGY |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2001 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 6000 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 12168654 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 124982 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 4 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 792070 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 76780 |
| IRS990/InterestGrp/TotalAmt | 0 | 6236 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 79745 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 79745 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 1578024 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 714741 |
| IRS990/IRPDocumentCnt | 0 | 7061 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3901364 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4216358 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4979008 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 8880372 |
| IRS990/LegalDomicileStateCd | 0 | CT |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 199899 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 1 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 18763281 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | -74917 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -74917 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -226949 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 666519 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1391090 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3830521 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3820275 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 566743 |
| IRS990/OtherExpensesGrp/Desc | 0 | LOAN SERVICING |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 2 | NCUA STABILIZATION EXPE |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 780760 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 387000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 180689 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 30422 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 225315579 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 219327692 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 522100 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC. OPERATING INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 254924 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 254924 |
| IRS990/OtherRevenueTotalAmt | 0 | 254924 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3695598 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 210543454 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 219676642 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 333499 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 180075 |
| IRS990/PoliciesReferenceChaptersInd | 0 | 1 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 350486 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 502740 |
| IRS990/PrincipalOfficerNm | 0 | LARRY F HOLDERMAN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 522100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES AND CHARGES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | VISA FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | MORTGAGE FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8786663 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1768640 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 882434 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 107171 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 8786663 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1932735 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 882434 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 107171 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 164095 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | MSCU OFFERS MEMBERS OUR VISA CREDIT CARDS AND VISA BONUS CHECK CARD (DEBIT CARD). MSCU HAD A TOTAL OF 6,123 VISA ACCOUNTS IN OUR 3 VISA CREDIT CARD PROGRAMS. THE 3 CREDIT CARD PROGRAMS OFFERED ARE 1) PLATINUM - OUR PROGRAM WHERE WE OFFER LOWER LINES FOR FIRST TIME BORROWERS 2) PREMIUM - THIS CREDIT CARD INCLUDS A POINTS REWARD PROGRAM; AND 3) ELITE - THIS CREDIT CARD INCLUDEDS A CASH BACK REWARDS PROGRAM. WITH THE 8,054 VISA BONUS CARDS ISSUED BY MSCU, MEMBERS HAVE ACCESS TO 60,000 SURCHARGE FREE ATMS NATIONWIDE AND THEY CAN ENROLL IN OUR UCHOOSE REWARDS PROGRAM WHERE THEY EARN 1 POINT FOR EVERY $2 SPENT ON NON-PINNED TRANSACTIONS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | MSCU OFFERS MEMBERS OUR VARIOUS CHECKING ACCOUNT PROGRAMS. MSCU'S CHECKING PROGRAMS INCLUDE OUR ULTIMATE CHECKING WHERE 4,904 MEMBERS CAN QUALIFY TO EARN AN APY OF 1.50% ON BALANCES UP TO $15,000. TO QUALIFY EACH MONTH THEY MUST RECEIVE AN ESTATEMENT, COMPLETE 12 SIGNATURE VISA CHECK CARD TRANSACTIONS AND HAVE EITHER 1 DIRECT DEPOSIT OR 1 ACH WITHDRAWAL PER MONTH. 1,075 MEMBERS IN OUR ADVANTAGE CHECKING ALSO EARN A DIVIDEND OF .025% ON BALANCES OVER $100. THERE ARE 5,987 MEMBERS IN OUR CLASSIC CHECKING PROGRAM WHICH HAS NO MONTHLY FEE AND NO MINIMUM BALANCE REQUIREMENTS. THERE ARE ALSO 146 SMALL BUSINESSES WITH OUR BUSINESS CHECKING. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 1569504 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 6000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 62151 |
| IRS990/PYOtherExpensesAmt | 0 | 5500346 |
| IRS990/PYOtherRevenueAmt | 0 | 162506 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 11969427 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 264009 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4854225 |
| IRS990/PYTotalExpensesAmt | 0 | 11930075 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 12194084 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 296261 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | -74917 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 18467022 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 18763281 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 13516569 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 4624000 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1016163 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1410224 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2426387 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 2592609 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1826196 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 4418805 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1035139 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1035139 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 335097 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 664944 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1000041 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 216693521 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 2634171 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SHARES ON DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | OTHER LIABILITIES AND LOANS |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MSCU 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4979008 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 219327692 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 6000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | SCHOLARSHIP FOR COLLEGE |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 6 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | CHECK IS MADE PAYABLE TO THE STUDENT AND COLLEGE THEY ARE ATTENDING. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 184041 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 23592 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 22872 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 2305 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | LARRY F HOLDERMAN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT, CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 232810 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | MATTHEW R HOLDERMAN |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | SON OF CEO |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 13030 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | GROSS EARNINGS |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS 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/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS 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/SupplementalInformationDetail/ExplanationTxt | 3 | THE CHAIRMAN, AND VICE-CHAIRMAN OR TREASURER OF THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO ITS FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE 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/SupplementalInformationDetail/ExplanationTxt | 5 | SALARY 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/SupplementalInformationDetail/ExplanationTxt | 6 | FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE PROCESS USED TO OVERSEE THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PREVIOUS YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $239,439,126
- Liabilities
- $220,675,845
- Net assets
- $18,763,281
- Revenue
- $11,968,755
- Expenses
- $11,672,494
- Net income
- $296,261