Skip to content
Nonprofiteer
← All organizations

MUTUAL SECURITY CREDIT UNION INC

EIN 06-0701899 SHELTON, CT

Browse the largest nonprofits in Connecticut

Revenue 2024
$20,187,778
Expenses 2024
$18,920,512

As filed

Subsection
14
Classification
1000
Street
1000 BRIDGEPORT AVENUE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CONNECTICUT STATE BANKING DEPARTMENT GROUP RETURN (EIN 06-6068453). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

WE ARE BUILDERS OF FINANCIAL WELL-BEING WITHIN THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

THE MISSION OF MUTUAL SECURITY CREDIT UNION (THE CREDIT UNION) IS TO BE THE BUILDERS OF FINANCIAL WELL-BEING WITHIN THE COMMUNITIES THAT WE SERVE. WE PROMOTE THE ECONOMIC WELL BEING OF OUR 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. THE CREDIT UNION OFFERS MEMBERS VARIOUS CONSUMER AND REAL ESTATE LOAN PRODUCTS (PERSONAL, AUTO, 1ST & 2ND MORTGAGES, HOME EQUITY LINES OF CREDIT, SMART ENERGY LOANS, VISA CREDIT CARDS). THE CREDIT UNION ALSO OFFERS MEMBERS VISA CHECK/DEBIT CARDS AS WELL AS VARIOUS SAVINGS, CERTIFICATES & CHECKING ACCOUNTS.

  • MUTUAL SECURITY CREDIT UNION OFFERS MEMBERS VARIOUS CONSUMER LOAN PRODUCTS (PERSONAL LOANS, AUTO LOANS, MORTGAGES - 1ST, 2ND, AND HOME EQUITY LINES OF CREDIT, SMART ENERGY LOANS). NEW LOANS ISSUED IN 2024: PERSONAL LOANS = 598, NEW & USED AUTO LOANS = 894, 1ST, 2ND & HELOCS = 109, SMART ENERGY LOANS = 66.

  • MUTUAL SECURITY CREDIT UNION OFFERS MEMBERS OUR VISA CREDIT CARDS AND VISA CHECK CARD (DEBIT CARD). NEW VISA ACCOUNTS ISSUED IN 2024 = 199.

  • MUTUAL SECURITY CREDIT UNION OFFERS MEMBERS OUR VARIOUS CHECKING ACCOUNT PROGRAMS. NEW CHECKING ACCOUNTS OPENED IN 2024 = 88.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Robert J Basta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ann Budzynski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ken Decker

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Bruce M Likely

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Robert Lubus

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Robert Marages

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Edwin Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Henry Baum

    CEO

    Total calculated
    $340,729
    From this org
    $300,620
    From related orgs
    $0
    Other
    $40,109
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $300,620
    Bonus
    $0
    Other
    $0
    Deferred
    $9,144
    Nontaxable benefits
    $30,965
    Filer's total
    $340,729

  • Charles Okyere

    CFO

    Total calculated
    $173,048
    From this org
    $163,037
    From related orgs
    $0
    Other
    $10,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,037
    Bonus
    $0
    Other
    $0
    Deferred
    $1,575
    Nontaxable benefits
    $8,436
    Filer's total
    $173,048

  • Michael Augusti

    VP, SALES AND SERVICE

    Total calculated
    $191,962
    From this org
    $170,784
    From related orgs
    $0
    Other
    $21,178
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $170,784
    Bonus
    $0
    Other
    $0
    Deferred
    $5,172
    Nontaxable benefits
    $16,006
    Filer's total
    $191,962

  • Jeffrey Tracey

    VP, LENDING

    Total calculated
    $229,171
    From this org
    $212,530
    From related orgs
    $0
    Other
    $16,641
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,530
    Bonus
    $0
    Other
    $0
    Deferred
    $6,464
    Nontaxable benefits
    $10,177
    Filer's total
    $229,171

  • Ann Nankervis

    VP, HUMAN RESOURCES

    Total calculated
    $182,355
    From this org
    $169,769
    From related orgs
    $0
    Other
    $12,586
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $169,769
    Bonus
    $0
    Other
    $0
    Deferred
    $5,098
    Nontaxable benefits
    $7,488
    Filer's total
    $182,355

  • Maria Lazor

    VP, RISK & STRATERGY MANAGEMENT

    Total calculated
    $197,235
    From this org
    $149,347
    From related orgs
    $0
    Other
    $47,888
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $149,347
    Bonus
    $0
    Other
    $0
    Deferred
    $4,753
    Nontaxable benefits
    $43,135
    Filer's total
    $197,235

  • Chris Horvath

    DIRECTOR OF IT

    Total calculated
    $149,703
    From this org
    $132,377
    From related orgs
    $0
    Other
    $17,326
    Hours/week
    45

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $20,187,778
    Expenses
    $18,920,512
    Contributions
    $0
    Grants paid
    $6,000
  • 2023
    Revenue
    $17,991,355
    Expenses
    $16,626,896
    Contributions
    $9,000
    Grants paid
    $8,000
  • 2022
    Revenue
    $15,885,151
    Expenses
    $13,489,120
    Contributions
    $0
    Grants paid
    $7,370

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $14,669,690
    Expenses
    $12,433,167
    Assets (EOY)
    $354,262,560

  • 2020 · 990

    Revenue
    $15,192,487
    Expenses
    $13,995,742
    Assets (EOY)
    $335,855,430

  • 2019 · 990

    Revenue
    $15,788,404
    Expenses
    $14,559,242
    Assets (EOY)
    $319,353,478

  • 2018 · 990

    Revenue
    $14,873,778
    Expenses
    $13,472,486
    Assets (EOY)
    $309,950,951

  • 2017 · 990

    Revenue
    $13,484,180
    Expenses
    $13,233,729
    Assets (EOY)
    $280,684,890

  • 2016 · 990

    Revenue
    $13,037,692
    Expenses
    $12,619,190
    Assets (EOY)
    $270,079,655

  • 2015 · 990

    Revenue
    $13,089,342
    Expenses
    $11,819,241
    Assets (EOY)
    $255,906,948

  • 2014 · 990

    Revenue
    $12,035,310
    Expenses
    $11,618,464
    Assets (EOY)
    $249,491,746

  • 2013 · 990

    Revenue
    $11,968,755
    Expenses
    $11,672,494
    Assets (EOY)
    $239,439,126

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $11,930,075
    Assets (EOY)
    $247,149,937

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.