Overview
What is Nutmeg State Financial Credit Union?
Nutmeg State Financial Credit Union is a Rocky Hill, Connecticut-based financial institution dedicated to offering financial services to its members. Established at 506 Enterprise Drive 4, the credit union is committed to providing low-interest rate loans and high-dividend rate share accounts. Its mission goes beyond financial products, as it aims to implement technology for an exceptional member experience and create innovative financial solutions. With a team of 176 employees, Nutmeg State Financial Credit Union strives for financial inclusion, providing various credit union services to its members.
Official website here: www.nutmegstatefcu.org
Is Nutmeg State Financial Credit Union legitimate?
Nutmeg State Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Nutmeg State Financial Credit Union 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,899,331
For more financial information, click here
Official website here: www.nutmegstatefcu.org
What is the mission statement of Nutmeg State Financial Credit Union?
Nutmeg State Financial Credit Union is dedicated to offering members a range of loan and deposit products, as well as other credit union services. In order to enhance the member experience, the credit union implements technology to provide innovative financial solutions. Their mission extends beyond just financial services, as they prioritize financial inclusion. They strive to provide members with low-interest rate loans and high-dividend rate share accounts to help manage their financial needs effectively.
Official website here: www.nutmegstatefcu.org
Who is the CEO of Nutmeg State Financial Credit Union?
Craig Knell is the Board Chairman of Nutmeg State Financial Credit Union. The CEO's salary of Nutmeg State Financial Credit Union is $963,485 and their total compensation is $963,485.
Official website here: www.nutmegstatefcu.org
What is the revenue of Nutmeg State Financial Credit Union?
Nutmeg State Financial Credit Union's revenue in 2022 was $33,470,573.
Official website here: www.nutmegstatefcu.org
Who are the executives of Nutmeg State Financial Credit Union and what are their salaries?
The average compensation at Nutmeg State Financial Credit Union during 2022 was $56,246. There are 176 employees and 10 volunteers at Nutmeg State Financial Credit Union.
Here are 22 key members and their salaries (Nutmeg State Financial Credit Union's CEO's salary is $963,485 and their total compensation is $963,485):
- Compensation: $10,105
- Related: $0
- Other: $0
- Compensation: $8,763
- Related: $0
- Other: $0
- Compensation: $1,511
- Related: $0
- Other: $0
- Compensation: $7,955
- Related: $0
- Other: $0
- Compensation: $573
- Related: $0
- Other: $0
- Compensation: $2,041
- Related: $0
- Other: $0
- Compensation: $1,150
- Related: $0
- Other: $0
- Compensation: $258,518
- Related: $0
- Other: $0
- Compensation: $963,485
- Related: $0
- Other: $0
- Compensation: $5,966
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $264,273
- Related: $0
- Other: $0
- Compensation: $156,131
- Related: $0
- Other: $0
- Compensation: $156,823
- Related: $0
- Other: $0
- Compensation: $150,505
- Related: $0
- Other: $0
- Compensation: $171,525
- Related: $0
- Other: $0
- Compensation: $187,898
- Related: $0
- Other: $0
- Compensation: $262,691
- Related: $0
- Other: $0
- Compensation: $249,731
- Related: $0
- Other: $0
- Compensation: $223,840
- Related: $0
- Other: $0
- Compensation: $161,925
- Related: $0
- Other: $0
Official website here: www.nutmegstatefcu.org
Where can I find the form 990 for Nutmeg State Financial Credit Union?
Nutmeg State Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nutmegstatefcu.org
Learn more at the official website: www.nutmegstatefcu.org
Mission Statement of Nutmeg State Financial Credit Union
Nutmeg State Financial Credit Union, with a mission to provide, sets out to offer members a range of loan and deposit products, along with various other credit union services. The organization strives to implement technology to create an exceptional member experience and generate innovative financial solutions, all while ensuring financial inclusion. By doing so, Nutmeg State Financial Credit Union aims to provide its members with low-interest rate loans and high-dividend rate share accounts. This commitment to financial well-being and advanced technology enables the credit union to stand out in the financial services landscape.
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Impact
October, 2024
Nutmeg State Financial Credit Union significantly impacts its community by providing access to a range of financial services that prioritize affordability and inclusivity. By offering low-interest rate loans and high-dividend rate share accounts, the credit union helps members manage their finances more effectively and save for their futures.
Located in Rocky Hill, CT, Nutmeg State Financial focuses on implementing technology that enhances the member experience and fosters innovative financial solutions. This commitment ensures that a diverse group of individuals can take advantage of essential financial tools, contributing to broader financial inclusion in the community. Through its services, the credit union empowers members to achieve their financial goals while promoting economic well-being within the region.
This information is meant to be a general summary of Nutmeg State Financial Credit Union. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,510,228
- Program Service Revenue: $31,960,345
- Gross Receipts: $33,470,573
Assets and Liabilities:
- Total Assets: $554,794,800
- Total Liabilities: $484,337,402
- Net Assets: $70,457,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$17,893,896
OTHER OPERATING INCOME
Revenue
$11,593,136
UNRELATED BUSINESS INCOME
Revenue
$2,459,148
UNRELATED BUSINESS INCOME
Revenue
$14,165
Organization Details
Founding Year
1936
Phone
(860) 513-5000Principal Officer
Craig Knell
Main Address
500 ENTERPRISE DRIVE 4, ROCKY HILL, CT, 060670066
Website
www.nutmegstatefcu.orgNTEE Category
Code: W60 - Public benefit
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