NEW HAVEN FIREFIGHTERS CREDIT UNION

EIN: 060677564

NEW HAVEN, CT

Total Revenue
$299,638
Total Expenses
$302,860
Total Assets
$5,915,153
Net Assets
$1,538,719
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
CT
Principal Officer
MICHELLE SERRA
Phone
2036240939
Tax Period
2025-01-01 to 2025-12-31

NEW HAVEN FIREFIGHTERS CREDIT UNION, founded in 1951, is a small nonprofit that reported $300K in total revenue in fiscal year 2025. Net assets of $1.5M represent 62 months of operating reserves.

Mission

PROVIDE FINANCIAL SERVICES TO FIREFIGHTERS AND THEIR IMMEDIATE FAMILY MEMBERS.

Program Service Accomplishments

Program 1

PROVIDE FINANCIAL SERVICES TO FIREFIGHTERS AND THEIR IMMEDIATE FAMILY MEMBERS WITH LOW INTEREST RATE LOANS AND HIGH DIVIDEND RATE SHARE ACCOUNTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $242,585
Investment Income $57,053
Other Revenue $0
TOTAL REVENUE $299,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,103
Fundraising Expenses $0
Other Expenses $120,757
TOTAL EXPENSES $302,860

Year-over-Year Comparison

2025 2024 Change
Revenue $299,638 $294,090 +0.0%
Expenses $302,860 $294,665 +0.0%
Net Income $-3,222 $-575 +4.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
5
Employees
3
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$69,000
Total Directors
7
$69,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSEL ANDERSON BOARD CHAIRMAN 1.00
Director
$0 $0 $0
ZOFIA JAKUBIEC DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WALKER SECRETARY 1.00
Director
$0 $0 $0
JOE MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
CHARLES HEWITT VICE CHAIRMAN 1.00
Director
$0 $0 $0
JAMES KOTTAGE DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE SERRA TREASURER 30.00
Officer Director
$69,000 $0 $69,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $299,638 $302,860 $5,915,153 $-3,222
2024 No data No data No data No data
2023 $333,193 $287,243 $6,301,942 $45,950
2022 $351,998 $288,809 $8,131,358 $63,189
2021 $296,829 $261,766 $8,339,970 $35,063
2020 $335,722 $320,320 $7,780,089 $15,402
2019 $332,872 $309,003 $7,103,375 $23,869
2018 $316,088 $292,451 $6,774,156 $23,637
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