Form 990 for tax year 2022
Filed by SIKORSKY FINANCIAL CREDIT UNION INC.
Totals
- Total revenue
- $41,268,421
- Total expenses
- $29,611,028
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $28,242,151
- Investment income
- $5,391,738
- Other revenue
- $7,634,532
- Total assets, end of year
- $1,128,876,808
- Total liabilities, end of year
- $1,010,478,412
- Net assets or fund balances, end of year
- $118,398,396
- Program services expenses (Part IX)
- $29,611,028
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,611,028
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: INTEREST ON LOANS
total $24,699,539 · related or exempt $24,699,539
-
2b · Program service revenue: FEES AND CHARGES
total $3,542,612 · related or exempt $3,482,784 · unrelated business $59,828
-
3 · Investment income
total $5,391,738 · related or exempt $5,391,738
-
11a · Other revenue: MISC INCOME
total $5,324,755 · related or exempt $5,231,957 · unrelated business $92,798
-
11b · Other revenue: MISC NON OPERATING INC
total $2,309,777 · related or exempt $2,309,777
-
11e · Other revenue, total
$7,634,532
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,349,265 · program services $2,349,265
-
7 · Other salaries and wages
total $8,494,758 · program services $8,494,758
-
8 · Pension plan contributions
total $393,198 · program services $393,198
-
9 · Other employee benefits
total $1,661,640 · program services $1,661,640
-
10 · Payroll taxes
total $768,095 · program services $768,095
-
11b · Fees: legal
total $679 · program services $679
-
11c · Fees: accounting
total $216,000 · program services $216,000
-
16 · Occupancy
total $1,270,078 · program services $1,270,078
-
20 · Interest
total $633 · program services $633
-
22 · Depreciation, depletion and amortization
total $1,220,806 · program services $1,220,806
-
24a · Other expenses: OTHER DEDUCTIONS
total $13,235,876 · program services $13,235,876
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $230,438,580 · end of year $89,754,497
-
4 · Accounts receivable
beginning of year $1,797,674 · end of year $1,823,353
-
7 · Other notes and loans receivable
beginning of year $649,230,149 · end of year $767,671,482
-
9 · Prepaid expenses and deferred charges
beginning of year $995,963 · end of year $1,169,860
-
10a · Land, buildings and equipment: cost or other basis
$17,821,995
-
10b · Land, buildings and equipment: accumulated depreciation
$11,257,133
-
10c · Land, buildings and equipment, net
beginning of year $6,924,458 · end of year $6,564,862
-
11 · Investments: publicly traded securities
beginning of year $73,022,109 · end of year $51,786,816
-
12 · Investments: other securities
beginning of year $120,976,979 · end of year $194,979,897
-
15 · Other assets
beginning of year $10,614,655 · end of year $15,126,041
-
17 · Accounts payable and accrued expenses
beginning of year $8,284,342 · end of year $9,474,384
-
25 · Other liabilities
beginning of year $974,362,292 · end of year $1,001,004,028
-
31 · Retained earnings, endowment or other funds
beginning of year $111,353,933 · end of year $118,398,396
Mission and programs · 2022
Mission
SIKORSKY FINANCIAL CREDIT UNION IS COMMITTED TO ACT IN THE BEST INTEREST OF ITS MEMBERSHIP
-
SFCU OFFERS SAVINGS AND LOAN PROGRAMS TO ITS MEMBERS. THE SHARE SAVINGS INCLUDE REGUALAR SHARES, DAILY MONEY MARKET ACCOUNTS, EARLY ADVANTAGE ACCOUNTS, COVERDALE ESA, SHARE DRAFT ACCOUNTS AND SHARE CERTIFICATES.
Expenses $29,611,028
-
THE LOAN PROGRAM INCLUDES MORTGAGES, AUTO NEW AND USED, RECREATIONAL VEHICLES, CONSUMER AND CREDIT CARD LOANS
As filed on the 2022 return.
Listed in Part VII
-
Vincent Ciambriello JrVINCENT CIAMBRIELLO JR
PRESIDENTCEO
- Total calculated
- $1,055,433
- From this org
- $849,832
- From related orgs
- $0
- Other
- $205,601
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $594,229
- Bonus
- $229,000
- Other
- $26,603
- Deferred
- $140,000
- Nontaxable benefits
- $65,601
- Filer's total
- $1,055,433
-
Charles K HoddinottCHARLES K HODDINOTT
EVPCOO
- Total calculated
- $404,600
- From this org
- $348,497
- From related orgs
- $0
- Other
- $56,103
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $245,943
- Bonus
- $94,750
- Other
- $7,804
- Deferred
- not reported
- Nontaxable benefits
- $56,103
- Filer's total
- $404,600
-
Alfred S PoseyALFRED S POSEY
SVP CIO
- Total calculated
- $367,443
- From this org
- $315,426
- From related orgs
- $0
- Other
- $52,017
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $213,648
- Bonus
- $97,500
- Other
- $4,278
- Deferred
- not reported
- Nontaxable benefits
- $52,017
- Filer's total
- $367,443
-
Kenneth S FerrariKENNETH S FERRARI
SVP CHIEF LENDING OFFICER
- Total calculated
- $345,857
- From this org
- $293,450
- From related orgs
- $0
- Other
- $52,407
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $216,470
- Bonus
- $72,500
- Other
- $4,480
- Deferred
- not reported
- Nontaxable benefits
- $52,407
- Filer's total
- $345,857
-
Benjamin W CitrinBENJAMIN W CITRIN
SVPCFO
- Total calculated
- $345,594
- From this org
- $288,761
- From related orgs
- $0
- Other
- $56,833
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $219,237
- Bonus
- $68,750
- Other
- $774
- Deferred
- not reported
- Nontaxable benefits
- $56,833
- Filer's total
- $345,594
-
Ann Marie GillickANN MARIE GILLICK
SVPCHIEF HR OFFICER
- Total calculated
- $304,080
- From this org
- $253,299
- From related orgs
- $0
- Other
- $50,781
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $177,121
- Bonus
- $72,500
- Other
- $3,678
- Deferred
- not reported
- Nontaxable benefits
- $50,781
- Filer's total
- $304,080
-
Joseph P NuzzoJOSEPH P NUZZO
VP BUS LENDING
- Total calculated
- $218,935
- From this org
- $191,121
- From related orgs
- $0
- Other
- $27,814
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $165,617
- Bonus
- $25,000
- Other
- $504
- Deferred
- not reported
- Nontaxable benefits
- $27,814
- Filer's total
- $218,935
-
Lee A StaterLEE A STATER
HOME LOAN SALES MGR
- Total calculated
- $207,855
- From this org
- $176,826
- From related orgs
- $0
- Other
- $31,029
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $83,047
- Bonus
- $92,184
- Other
- $1,595
- Deferred
- not reported
- Nontaxable benefits
- $31,029
- Filer's total
- $207,855
-
Terry BallweberTERRY BALLWEBER
IT ADMIN
- Total calculated
- $166,714
- From this org
- $139,727
- From related orgs
- $0
- Other
- $26,987
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $120,979
- Bonus
- $15,000
- Other
- $3,748
- Deferred
- not reported
- Nontaxable benefits
- $26,987
- Filer's total
- $166,714
-
Jenna BartleyJENNA BARTLEY
BUS ANALYTICS & PIM
- Total calculated
- $156,454
- From this org
- $129,293
- From related orgs
- $0
- Other
- $27,161
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $99,235
- Bonus
- $30,000
- Other
- $58
- Deferred
- not reported
- Nontaxable benefits
- $27,161
- Filer's total
- $156,454
-
Diana E PfeifferDIANA E PFEIFFER
VP LOAN SERVICING & COLLECTIO
- Total calculated
- $156,358
- From this org
- $151,854
- From related orgs
- $0
- Other
- $4,504
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $128,470
- Bonus
- $22,750
- Other
- $634
- Deferred
- not reported
- Nontaxable benefits
- $4,504
- Filer's total
- $156,358
-
Timothy C CahillTIMOTHY C CAHILL
HOME LOAN CONSULTANT
- Total calculated
- $153,304
- From this org
- $122,838
- From related orgs
- $0
- Other
- $30,466
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $52,744
- Bonus
- not reported
- Other
- $70,094
- Deferred
- not reported
- Nontaxable benefits
- $30,466
- Filer's total
- $153,304
-
Ann Marie MarreirosANN MARIE MARREIROS
VP DEPOSIT OPERATIONS
- Total calculated
- $150,958
- From this org
- $144,373
- From related orgs
- $0
- Other
- $6,585
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $121,251
- Bonus
- $22,750
- Other
- $372
- Deferred
- not reported
- Nontaxable benefits
- $6,585
- Filer's total
- $150,958
-
Alison M IgnatowskiALISON M IGNATOWSKI
HOME LOAN CONSULTANT
- Total calculated
- $146,316
- From this org
- $122,935
- From related orgs
- $0
- Other
- $23,381
- Hours/week
- 37.5
-
Frances A StanulonisFRANCES A STANULONIS
MTG OPERATONS MGR
- Total calculated
- $143,989
- From this org
- $122,918
- From related orgs
- $0
- Other
- $21,071
- Hours/week
- 37.5
-
Arlene WillisARLENE WILLIS
BSA OFFICER
- Total calculated
- $130,145
- From this org
- $117,093
- From related orgs
- $0
- Other
- $13,052
- Hours/week
- 37.5
-
Nicole M CorriveauNICOLE M CORRIVEAU
IT INFASTRUCTURE MGR
- Total calculated
- $128,419
- From this org
- $116,354
- From related orgs
- $0
- Other
- $12,065
- Hours/week
- 37.5
-
Zachary HasselbarthZACHARY HASSELBARTH
CONCUMER LENDING MGR
- Total calculated
- $121,941
- From this org
- $107,601
- From related orgs
- $0
- Other
- $14,340
- Hours/week
- 37.5
-
Fritizie PascualFRITIZIE PASCUAL
BUS LENDING OP MGR
- Total calculated
- $119,744
- From this org
- $109,993
- From related orgs
- $0
- Other
- $9,751
- Hours/week
- 37.5
-
Sally A PendletonSALLY A PENDLETON
SR MTG UNDERWRITER
- Total calculated
- $115,539
- From this org
- $102,991
- From related orgs
- $0
- Other
- $12,548
- Hours/week
- 37.5
-
Lucia PanicoLUCIA PANICO
VP OF RETAIL BANKING
- Total calculated
- $114,861
- From this org
- $105,398
- From related orgs
- $0
- Other
- $9,463
- Hours/week
- 37.5
-
Kristina WendellKRISTINA WENDELL
MARKETING MGR
- Total calculated
- $108,328
- From this org
- $106,101
- From related orgs
- $0
- Other
- $2,227
- Hours/week
- 37.5
-
William W BoianWILLIAM W BOIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
Lydia KrohelskiLYDIA KROHELSKI
SUP COMM
- Total calculated
- $0
- Hours/week
- 2.5
-
William F Schlenk JrWILLIAM F SCHLENK JR
CHAIRPERSON OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2.5
-
Fabienne DesravinesFABIENNE DESRAVINES
SUP COMM
- Total calculated
- $0
- Hours/week
- 2.5
-
Carol E NavarroCAROL E NAVARRO
2ND VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2.5
-
Joseph A KubicJOSEPH A KUBIC
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Geoffrey R HeraldGEOFFREY R HERALD
SUP COMM
- Total calculated
- $0
- Hours/week
- 2.5
-
Sandra L PoscaSANDRA L POSCA
CHAIRPERSON SUP COMM
- Total calculated
- $0
- Hours/week
- 2.5
-
John PawlowskiJOHN PAWLOWSKI
CHAIRPERSON OF TECH COMMITTEE
- Total calculated
- $0
- Hours/week
- 2.5
-
Paul AureliaPAUL AURELIA
SUP COMM
- Total calculated
- $0
- Hours/week
- 2.5
-
Jeffrey LaczkoskiJEFFREY LACZKOSKI
SEC SUP COMM
- Total calculated
- $0
- Hours/week
- 2.5
-
James PrusaczykJAMES PRUSACZYK
1ST VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2.5
-
Robert J DavidROBERT J DAVID
CHAIRPERSON OF FINANCE & ENTE
- Total calculated
- $0
- Hours/week
- 2.5
-
Richard KolletRICHARD KOLLET
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Maureen M FinoMAUREEN M FINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
Elizabeth H DorneyELIZABETH H DORNEY
CHAIRPERSON OF STRATEGIC PLAN
- Total calculated
- $0
- Hours/week
- 2.5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
None.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341449349300414
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