New Haven County Credit Union Inc

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

EIN: 060790693 ✦ North haven, CT ✦ Designated as a 501(c)(14)

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Overview

What is New Haven County Credit Union Inc?

New Haven County Credit Union Inc, situated in North Haven, Connecticut, is a state-chartered credit union that offers financial services. As a nonprofit organization, it operates within the financial sector, providing essential financial assistance to its members. Despite not reporting any revenues in the previous year, the credit union continues to serve its community, offering a range of financial services. Though its primary focus is on credit union activities, it contributes to the financial well-being of its members and the local community.


Official website here: www.nhccu.com

Is New Haven County Credit Union Inc legitimate?

New Haven County Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. New Haven County Credit Union 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $343,098

For more financial information, click here


Official website here: www.nhccu.com

What is the mission statement of New Haven County Credit Union Inc?

New Haven County Credit Union Inc, as a state-chartered credit union, is committed to providing financial services. Its mission, in simple terms, is to offer a range of financial solutions to its members. However, the provided information does not include specific details about the objectives or the impact the credit union aims to achieve through these financial services. As such, a comprehensive mission statement cannot be fully summarized from the given data.


Official website here: www.nhccu.com

Who is the CEO of New Haven County Credit Union Inc?

Christopher Marone is the Chairman of New Haven County Credit Union Inc. The CEO's salary of New Haven County Credit Union Inc is $136,005 and their total compensation is $136,005.


Official website here: www.nhccu.com

What is the revenue of New Haven County Credit Union Inc?

New Haven County Credit Union Inc's revenue in 2022 was $1,291,115.


Official website here: www.nhccu.com

Who are the executives of New Haven County Credit Union Inc and what are their salaries?

The average compensation at New Haven County Credit Union Inc during 2022 was $49,014. There are 7 employees and 9 volunteers at New Haven County Credit Union Inc.


Here are 7 key members and their salaries (New Haven County Credit Union Inc's CEO's salary is $136,005 and their total compensation is $136,005):


William Wollman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Tatta (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Iwanec (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Mcquire (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Koff (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Parent (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Marone (Ceo)
  • Compensation: $136,005
  • Related: $0
  • Other: $0


Official website here: www.nhccu.com

Where can I find the form 990 for New Haven County Credit Union Inc?

New Haven County Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nhccu.com

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

Mission Statement of New Haven County Credit Union Inc

New Haven County Credit Union, as a state-chartered entity, is committed to providing essential financial services. Its mission is centered around offering a range of financial solutions to its members, operating in a manner that is true to the credit union philosophy. This nonprofit organization does not generate revenues, indicating its focus on serving its members rather than profit maximization.

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Impact




October, 2024

New Haven County Credit Union Inc plays a significant role in the community by offering essential financial services and fostering economic inclusion. Located in North Haven, CT, the credit union provides a range of financial products that cater to the needs of its members, helping them achieve their financial goals and manage their personal finances effectively. By acting as a trusted financial institution, it enables members to access services such as savings accounts, loans, and other financial products that may not be available through traditional banks.

The credit union's presence helps promote financial literacy within the community, empowering individuals with the knowledge and tools necessary to make informed financial decisions. Furthermore, by operating on a member-centric model, New Haven County Credit Union prioritizes the interests of its members over profit, creating a more equitable financial landscape.

Additionally, its commitment to public benefit means that it likely engages in initiatives aimed at supporting local economic development and enhancing the wellbeing of the community. Overall, New Haven County Credit Union Inc contributes to the financial stability and growth of North Haven and the surrounding areas, impacting lives positively and fostering a sense of community.




This information is meant to be a general summary of New Haven County Credit Union 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
$1,291,115 (2022)
Expenses
$1,022,058 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $127,179
  • Program Service Revenue: $1,163,936
  • Gross Receipts: $1,291,115

Assets and Liabilities:

  • Total Assets: $26,111,213
  • Total Liabilities: $24,244,284
  • Net Assets: $1,866,929

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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

$715,567

FEE INCOME (NSF, LATE

Revenue

$284,381

DEBIT CARD/ATM PROGRAM

Revenue

$60,121

INSURANCE PRODUCTS

Revenue

$2,611

Organization Details

Founding Year

1952

Principal Officer

Christopher Marone

Main Address

2 BROADWAY, NORTH HAVEN, CT, 06473

NTEE Category

Code: W60 - Public benefit

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