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Finex Credit Union

  • East Hartford, CT
  • Tax-exempt since March 1976
  • EIN: 06-0659505

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$10.2M (2024)

Expenses
$12M (2024)

Total Assets
$149M (2024)

Total Liabilities
$136M (2024)

Source: Form 990 tax filings from 2017 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,167,569
Expenses
$12,010,475
Net Income
-$1,842,906
Net Assets
$12,928,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,528,459
93.7%
Investment Income $439,832
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $199,278
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,235,004
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,981,149
16.5%
Assets/Debt
Total Assets $148,562,385
Total Liabilities $135,633,924
Net Assets $12,928,461
Compensation
Key Employees and Officers Compensation Related Other
Michael Ferraro (Coo) $362,269 $0 $11,138
Michael Palladino (President/Ceo) $342,403 $0 $2,375
Elaine Orsini (Former Vp, Lending & Risk Management) $211,830 $0 $1,263
Kristina Ziegler (Vp Of Lending And Sales) $193,709 $0 $15,982
Sunny Nariyani (Avp Marketing) $124,793 $0 $13,345
Anthony Homicki (Chairperson) $0 $0 $0
Peter Lupi (Vice Chairperson) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
Guy Labella (Director) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Shawna Woodberry (Director) $0 $0 $0
Francis Michael Guerrera Iii (Director) $0 $0 $0
Paul Falcone (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 19, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,998,878
Expenses
$7,767,546
Net Income
$231,332
Net Assets
$10,153,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,609,533
95.1%
Investment Income $242,624
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $146,721
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,705,895
22.0%
Professional Fundraising Fees $0
Other Salaries and Wages $756,452
9.7%
Assets/Debt
Total Assets $112,609,874
Total Liabilities $102,456,848
Net Assets $10,153,026
Compensation
Key Employees and Officers Compensation Related Other
Michael Ferraro (Coo) $364,725 $0 $10,395
Michael Palladino (President/Ceo) $327,978 $0 $2,683
Kristina Ziegler (Vp Of Lending And Sales) $173,665 $0 $14,509
Elaine Orsini (Vp Operations) $161,275 $0 $1,294
Sunny Nariyani (Avp Marketing) $120,679 $0 $10,117
William Weingartner (Director Of Technology) $115,886 $0 $40,006
Cynthia Keller (Director Of Admin Services) $111,969 $0 $3,250
Lynn Wilkins (Senior Accounting Manager) $111,429 $0 $34,930
Josephine Rivera (Lending Manager) $110,444 $0 $1,651
Cynthia Berger (Mortgage Loan Originator) $107,845 $0 $27,456
Anthony Homicki (Chairperson) $0 $0 $0
Peter Lupi (Vice Chairperson) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
Guy Labella (Director) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Shawna Glover (Director) $0 $0 $0
Francis Michael Guerrera Iii (Director) $0 $0 $0
Paul Falcone (Director) $0 $0 $0
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Document Links

990
Filed on Aug. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,905,863
Expenses
$5,467,885
Net Income
$437,978
Net Assets
$9,273,694
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,595,703
94.7%
Investment Income $43,193
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $266,967
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $869,799
15.9%
Professional Fundraising Fees $0
Other Salaries and Wages $803,275
14.7%
Assets/Debt
Total Assets $109,422,895
Total Liabilities $100,149,201
Net Assets $9,273,694
Compensation
Key Employees and Officers Compensation Related Other
Michael Ferraro (Coo) $357,332 $0 $9,690
Michael Palladino (President) $318,458 $0 $2,682
Kristina Ziegler (Vp Of Lending And Sales) $167,492 $0 $14,145
Anthony Homicki (Chairperson) $0 $0 $0
Peter Lupi (Vice Chairperson) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
Shawna Glover (Director) $0 $0 $0
Guy Labella (Director) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Heidi Higgins (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,074,644
Expenses
$5,691,677
Net Income
$1,382,967
Net Assets
$8,835,716
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,810,936
68.0%
Investment Income $2,262,778
32.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $930
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $677,116
11.9%
Professional Fundraising Fees $0
Other Salaries and Wages $928,309
16.3%
Assets/Debt
Total Assets $109,750,704
Total Liabilities $100,914,988
Net Assets $8,835,716
Compensation
Key Employees and Officers Compensation Related Other
Michael Palladino (President) $299,857 $0 $0
Michael Ferraro (Coo) $226,217 $0 $0
Kristina Ziegler (Vp Of Lending And Sales) $151,042 $0 $0
Peter Lupi (Chairman) $0 $0 $0
Anthony Homicki (Director) $0 $0 $0
Paul Falcone (Vice Chairman) $0 $0 $0
Guy Labella (Director) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Heidi Higgins (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 10, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,809,758
Expenses
$5,461,820
Net Income
$347,938
Net Assets
$7,452,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,203,483
89.6%
Investment Income $504,983
8.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $999
0.0%
Net Inventory Sales $0
Other Revenue $100,293
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $416,775
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,104,180
20.2%
Assets/Debt
Total Assets $89,315,333
Total Liabilities $81,862,586
Net Assets $7,452,747
Compensation
Key Employees and Officers Compensation Related Other
Michael Palladino (President) $257,016 $0 $0
Michael Ferraro (Coo) $159,759 $0 $0
Peter Lupi (Chairman) $0 $0 $0
Anthony Homicki (Director) $0 $0 $0
Paul Falcone (Vice Chairman) $0 $0 $0
Guy Labella (Director) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Heidi Higgins (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 21, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,203,329
Expenses
$5,028,174
Net Income
$175,155
Net Assets
$7,104,808
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,952,477
95.2%
Investment Income $92,967
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $157,885
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $480,249
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $985,684
19.6%
Assets/Debt
Total Assets $87,776,020
Total Liabilities $80,671,212
Net Assets $7,104,808
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Palladino (President) $218,398 $0 $0
Victor Petroni (Senior Vice President Lend) $169,559 $0 $0
Priscilla Mitchell (Director) $92,292 $0 $0
Peter Lupi (Chairman) $0 $0 $0
Anthony Homicki (Director) $0 $0 $0
Paul Falcone (Vice Chairman) $0 $0 $0
Guy Labella (Director) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Anthony Krawczyk (Emeritus Director) $0 $0 $0
Heidi Higgins (Director) $0 $0 $0
Bryan Woodward (Chief Operating Officer) $0 $0 $0
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Document Links

990
Filed on Feb. 5, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,804,874
Expenses
$4,722,539
Net Income
$82,335
Net Assets
$6,929,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,682,050
97.4%
Investment Income -$12,301
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $135,125
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $534,269
11.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $85,055,504
Total Liabilities $78,125,851
Net Assets $6,929,653
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Palladino (President) $259,710 $0 $0
Victor Petroni (Senior Vice President Lend) $170,049 $0 $0
Priscilla Mitchell (Director) $104,509 $0 $0
Peter Lupi (Chairman) $0 $0 $0
Anthony Homicki (Director) $0 $0 $0
Paul Falcone (Vice Chairman) $0 $0 $0
Guy Labella (Director) $0 $0 $0
Steven Bafundo (Treasurer) $0 $0 $0
Joyce Reynolds (Director) $0 $0 $0
Gina Doran (Secretary) $0 $0 $0
David Flanagan (Director) $0 $0 $0
Anthony Krawczyk (Emeritus Director) $0 $0 $0
Heidi Higgins (Director) $0 $0 $0
Bryan Woodward (Chief Operating Officer) $0 $0 $0
+ View more people

Document Links

990
Filed on July 31, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,738,927
Expenses
$4,530,086
Net Income
$208,841
Net Assets
$6,847,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,339,225
91.6%
Investment Income $140,063
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $129,402
2.7%
Net Inventory Sales $0
Other Revenue $130,237
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $536,113
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $83,453,666
Total Liabilities $76,606,347
Net Assets $6,847,319

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated