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Nonprofiteer
← NORWALK HOSPITAL CREDIT UNION INC

Form 990 for tax year 2024

Filed by NORWALK HOSPITAL CREDIT UNION INC.

Totals

Total revenue
$901,152
Total expenses
$1,156,802
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$539,766
Investment income
$361,386
Other revenue
$0
Total assets, end of year
$33,869,348
Total liabilities, end of year
$30,898,265
Net assets or fund balances, end of year
$2,971,083
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBER LOAN INTEREST I

    total $423,742 · related or exempt $423,742

  • 2b · Program service revenue: MEMBER SERVICE FEE INC

    total $113,142 · related or exempt $113,142

  • 2c · Program service revenue: FEES PAID BY NON-MEMBE

    total $2,882 · unrelated business $2,882

  • 3 · Investment income

    total $361,386 · related or exempt $361,386

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,446

  • 7 · Other salaries and wages

    total $58,134

  • 8 · Pension plan contributions

    total $9,916

  • 9 · Other employee benefits

    total $79,353

  • 10 · Payroll taxes

    total $57,937

  • 11g · Fees: other

    total $217,278

  • 12 · Advertising and promotion

    total $1,954

  • 13 · Office expenses

    total $64,118

  • 20 · Interest

    total $432,740

  • 22 · Depreciation, depletion and amortization

    total $1,940

  • 23 · Insurance

    total $17,389

  • 24a · Other expenses: CASH/OVER SHORT

    total $32,314

  • 24b · Other expenses: ASSOCIATION DUES

    total $14,281

  • 24c · Other expenses: NCUA OPERATING FEE

    total $13,950

  • 24d · Other expenses: LOAN SERVICING

    total $12,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $914,241 · end of year $2,056,655

  • 7 · Other notes and loans receivable

    beginning of year $8,826,593 · end of year $7,172,343

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,761 · end of year $26,548

  • 10a · Land, buildings and equipment: cost or other basis

    $9,700

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,760

  • 10c · Land, buildings and equipment, net

    beginning of year $3,880 · end of year $1,940

  • 12 · Investments: other securities

    beginning of year $26,133,156 · end of year $24,217,156

  • 15 · Other assets

    beginning of year $438,522 · end of year $394,706

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,374 · end of year $29,159

  • 25 · Other liabilities

    beginning of year $33,093,046 · end of year $30,869,106

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,226,733 · end of year $2,971,083

Mission and programs · 2024

Mission

WE PROVIDE FINANCIAL SERVICES FOR OUR MEMBERS.

  • ORIGINATION AND MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNTS

As filed on the 2024 return.

Listed in Part VII

  • Donald Robertson

    DIRECTOR/TREASURER/MANAGER

    Total calculated
    $66,969
    From this org
    $66,969
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gregory Arakelian

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Lori Courtney

    DIRECTOR/OFFICE MANAGER

    Total calculated
    $76,477
    From this org
    $76,477
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Candace Meader

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Janet Kazzi-Cabrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Wiegand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sheila Eckenrode

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202501279349302765

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