SHELTON, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUTUAL SECURITY CREDIT UNION INC, founded in 2001, is a mid-sized nonprofit that reported $18.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $16.6M left a modest 8% surplus.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $17,991,355 | $15,885,151 | +0.1% |
| Expenses | $16,626,896 | $13,489,120 | +0.2% |
| Net Income | $1,364,459 | $2,396,031 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT J BASTA | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ANN BUDZYNSKI | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| KEN DECKER | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE M LIKELY | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT LUBUS | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT MARAGES | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDWIN RODRIGUEZ | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| HENRY BAUM | CEO | 45.00 |
Officer
|
$275,045 | $35,202 | $310,247 |
| STEPHEN OSOWIECKI | CFO | 45.00 |
Officer
|
$206,634 | $41,370 | $248,004 |
| MICHAEL AUGUSTI | VP OF SALES AND MARKETING | 45.00 |
Highest
|
$166,214 | $15,824 | $182,038 |
| JEFFREY TRACEY | VP OF LENDING | 45.00 |
Highest
|
$179,952 | $15,622 | $195,574 |
| ANN NANKERVIS | VP OF HR AND COMPLIANCE | 45.00 |
Highest
|
$162,099 | $11,410 | $173,509 |
| MARIA LAZOR | DIRECTOR OF OPERATIONS | 45.00 |
Highest
|
$134,114 | $42,057 | $176,171 |
| CHRIS HORVATH | IT MANAGER | 45.00 |
Highest
|
$122,484 | $14,362 | $136,846 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $17,991,355 | $16,626,896 | $357,474,048 | $1,364,459 |
| 2022 | $15,885,151 | $13,489,120 | $390,854,151 | $2,396,031 |
| 2021 | $14,669,690 | $12,433,167 | $354,262,560 | $2,236,523 |
| 2020 | $15,192,487 | $13,995,742 | $335,855,430 | $1,196,745 |
| 2019 | $15,788,404 | $14,559,242 | $319,353,478 | $1,229,162 |
| 2018 | $14,873,778 | $13,472,486 | $309,950,951 | $1,401,292 |
Compare MUTUAL SECURITY CREDIT UNION INC with other nonprofits in Connecticut and across the country.