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The Credit Union League Of Connecticut Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060606505 ✦ Clinton, CT ✦ Designated as a 501(c)(6)

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Overview

What is The Credit Union League Of Connecticut Inc?

The Credit Union League of Connecticut Inc. is a nonprofit organization situated in Clinton, Connecticut. With a small team of eight dedicated individuals, they offer a range of programs and services to approximately 75 credit unions that are members of their league. Their mission is to excel in key service areas, including government relations, education and human resource development, credit union services, compliance, member/public relations, and communications. Their primary focus is on supporting their member credit unions, contributing to the overall strength and growth of the credit union sector in Connecticut.


Official website here: www.culct.com

Is The Credit Union League Of Connecticut Inc legitimate?

The Credit Union League Of Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Credit Union League Of Connecticut Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $499,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $264,911

For more financial information, click here


Official website here: www.culct.com

What is the mission statement of The Credit Union League Of Connecticut Inc?

The Credit Union League of Connecticut Inc's mission is centered around achieving excellence in several key areas. These include government relations, education and human resource development, credit union service, compliance, member/public relations, and communications. The league aims to provide valuable programs and services to its member credit unions, numbering approximately 75 in Connecticut, in these areas. Their efforts are geared towards enhancing the performance and effectiveness of these credit unions.


Official website here: www.culct.com

Who is the CEO of The Credit Union League Of Connecticut Inc?

Bruce Adams is the Chairperson of The Credit Union League Of Connecticut Inc. The CEO's salary of The Credit Union League Of Connecticut Inc is $284,507 and their total compensation is $320,541.


Official website here: www.culct.com

What is the revenue of The Credit Union League Of Connecticut Inc?

The Credit Union League Of Connecticut Inc's revenue in 2022 was $551,091.


Official website here: www.culct.com

Who are the executives of The Credit Union League Of Connecticut Inc and what are their salaries?

The average compensation at The Credit Union League Of Connecticut Inc during 2022 was $95,587. There are 8 employees and 9 volunteers at The Credit Union League Of Connecticut Inc.


Here are 12 key members and their salaries (The Credit Union League Of Connecticut Inc's CEO's salary is $284,507 and their total compensation is $320,541):


Karen Viets (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Holt (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Casper (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo-Ann Palladino (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Brady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Childress (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Klimkoski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vanessa Kuduk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Higgins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Adams (President/Ceo)
  • Compensation: $284,507
  • Related: $0
  • Other: $36,034
Judy Britt (Vp-Compliance)
  • Compensation: $108,406
  • Related: $0
  • Other: $5,041
Kelly Fuhlbrigge (Vp-Govt Relations)
  • Compensation: $106,874
  • Related: $0
  • Other: $45,400


Official website here: www.culct.com

Where can I find the form 990 for The Credit Union League Of Connecticut Inc?

The Credit Union League Of Connecticut Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.culct.com

Learn more at the official website: www.culct.com

Mission Statement of The Credit Union League Of Connecticut Inc

The Credit Union League of Connecticut, Inc., is an organization dedicated to supporting its member credit unions. Its mission is centered around achieving excellence in various core service areas, including government relations, education and human resource development, credit union service, compliance, member/public relations, and communications. The League strives to provide a comprehensive range of programs and services to approximately 75 Connecticut credit unions that are part of their network. This nonprofit organization plays a vital role in aiding its member credit unions in their operations and growth, ensuring they can effectively serve their own communities.

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Impact




October, 2024

The Credit Union League of Connecticut Inc plays a vital role in supporting approximately 75 member credit unions across the state. By providing programs and services tailored to the needs of these institutions, the League enhances their ability to serve their members effectively.

Key areas of impact include government relations, where the League advocates for credit unions to ensure their interests are represented in legislative matters. Through educational initiatives and human resource development, the League empowers credit union personnel with the knowledge and skills necessary for success in an evolving financial landscape.

Additionally, the League aids in compliance efforts, helping member credit unions navigate regulatory requirements efficiently. With a focus on member and public relations, the League strengthens connections within the community, fostering trust and enhancing the overall perception of credit unions as vital financial resources.

Through its comprehensive programs and services, The Credit Union League of Connecticut Inc significantly contributes to the growth, sustainability, and effectiveness of credit unions in the state, ultimately benefiting their members and the broader community.




This information is meant to be a general summary of The Credit Union League Of Connecticut Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$551,091 (2022)
Expenses
$692,519 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,027
  • Program Service Revenue: $894,426
  • Gross Receipts: $551,091

Assets and Liabilities:

  • Total Assets: $2,153,416
  • Total Liabilities: $133,173
  • Net Assets: $2,020,243

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$859,976

CONFERENCES/EDUCATION

Revenue

$34,450

Organization Details

Founding Year

1935

Principal Officer

Bruce Adams

Main Address

24 WEST MAIN STREET STE 109 201, CLINTON, CT, 06413

NTEE Category

Code: W61C - Public benefit

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