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Mutual Security Credit Union Inc

Organization summary

Type of Nonprofit

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

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$18M (2023)

Expenses
$16.6M (2023)

Total Assets
$357M (2023)

Total Liabilities
$327M (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,991,355
Expenses
$16,626,896
Net Income
$1,364,459
Net Assets
$30,236,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,000
0.1%
Program Services $17,917,253
99.6%
Investment Income $890,423
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$825,321
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $558,251
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,589,702
21.6%
Assets/Debt
Total Assets $357,474,048
Total Liabilities $327,237,727
Net Assets $30,236,321
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Henry Baum (Ceo) $275,045 $0 $35,202
Stephen Osowiecki (Cfo) $206,634 $0 $41,370
Jeffrey Tracey (Vp Of Lending) $179,952 $0 $15,622
Michael Augusti (Vp Of Sales And Marketing) $166,214 $0 $15,824
Ann Nankervis (Vp Of Hr And Compliance) $162,099 $0 $11,410
Maria Lazor (Director Of Operations) $134,114 $0 $42,057
Chris Horvath (It Manager) $122,484 $0 $14,362
Robert J Basta (Director) $0 $0 $0
Ann Budzynski (Director) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0
Bruce M Likely (Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Edwin Rodriguez (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,885,151
Expenses
$13,489,120
Net Income
$2,396,031
Net Assets
$26,914,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,519,321
97.7%
Investment Income $601,896
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$247,051
Net Inventory Sales $0
Other Revenue $10,985
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $535,384
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,539,692
33.7%
Assets/Debt
Total Assets $390,854,151
Total Liabilities $363,939,211
Net Assets $26,914,940
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Henry Baum (Ceo) $277,280 $0 $35,896
Stephen Osowiecki (Cfo) $184,768 $0 $37,441
Michael Augusti (Vp Of Sales And Marketing) $163,406 $0 $17,107
Jeffrey Tracey (Vp Of Lending) $152,261 $0 $27,103
Ann Nankervis (Vp Of Hr And Compliance) $151,115 $0 $14,452
Maria Lazor (Director Of Operations) $116,282 $0 $36,350
Chris Horvath (It Manager) $113,453 $0 $15,185
Robert J Basta (Director) $0 $0 $0
Ann Budzynski (Director) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0
Bruce M Likely (Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Edwin Rodriguez (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,669,690
Expenses
$12,433,167
Net Income
$2,236,523
Net Assets
$27,055,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,470,329
98.6%
Investment Income $169,080
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $29,133
0.2%
Net Inventory Sales $0
Other Revenue $1,148
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $484,658
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,166,184
33.5%
Assets/Debt
Total Assets $354,262,560
Total Liabilities $327,206,899
Net Assets $27,055,661
Compensation
Key Employees and Officers Compensation Related Other
Henry Baum (Ceo) $236,085 $0 $39,830
Stephen Osowiecki (Cfo) $170,981 $0 $37,762
Michael Augusti (Vp Sales And Marketing) $142,744 $0 $16,746
Ann Nankervis (Vp Hr And Compliance) $138,244 $0 $14,255
Jeffrey Tracey (Vp Lending) $127,333 $0 $21,458
Maria Lazor (Director Of Operations) $109,196 $0 $33,989
Chris Horvath (It Manager) $106,671 $0 $6,787
Robert J Basta (Director) $0 $0 $0
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,192,487
Expenses
$13,995,742
Net Income
$1,196,745
Net Assets
$24,899,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,034,862
99.0%
Investment Income $157,653
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$28
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $718,801
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,885,543
27.8%
Assets/Debt
Total Assets $335,855,430
Total Liabilities $310,955,926
Net Assets $24,899,504
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (Ceo Emeritas (Until 12/31/20)) $236,854 $0 $25,396
Henry Baum (Ceo) $215,522 $0 $36,352
Stephen J Osowiecki (Cfo) $169,535 $0 $35,141
Michael Augusti (Vp Retail And Marketing) $141,411 $0 $15,086
Ann Nankervis (Vp Hr & Compliance) $134,264 $0 $12,408
Maria Lazor (Director Of Operations) $123,762 $0 $31,811
Jeffrey Tracey (Vp Of Lending) $117,495 $0 $21,805
Chris Horvath (It Manager) $110,056 $0 $2,635
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0
Robert J Basta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,788,404
Expenses
$14,559,242
Net Income
$1,229,162
Net Assets
$23,749,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,592,195
98.8%
Investment Income $196,209
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $473,936
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,189,354
28.8%
Assets/Debt
Total Assets $319,353,478
Total Liabilities $295,603,843
Net Assets $23,749,635
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (Ceo Emeritas) $199,972 $0 $46,044
Henry Baum (Ceo) $187,168 $0 $40,751
Stephen J Osowiecki (Cfo) $157,187 $0 $37,601
Michael Augusti (Vp Retail And Marketing) $134,443 $0 $11,675
Ann Nankervis (Vp Hr & Compliance) $122,970 $0 $23,943
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0
Robert J Basta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,873,778
Expenses
$13,472,486
Net Income
$1,401,292
Net Assets
$22,520,473
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,725,597
99.0%
Investment Income $148,181
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $572,192
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,058,036
30.1%
Assets/Debt
Total Assets $309,950,951
Total Liabilities $287,430,478
Net Assets $22,520,473
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (Ceo) $165,630 $0 $33,095
Henry Baum (Evp) $164,568 $0 $27,356
Stephen J Osowiecki (Cfo) $148,973 $0 $32,569
Ann Nankervis (Director, Hr) $113,852 $0 $11,850
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0
Robert J Basta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,484,180
Expenses
$13,233,729
Net Income
$250,451
Net Assets
$21,119,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,240,388
98.2%
Investment Income $216,983
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,809
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $579,401
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,833,571
29.0%
Assets/Debt
Total Assets $280,684,890
Total Liabilities $259,565,709
Net Assets $21,119,181
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (Ceo) $167,558 $0 $30,545
Henry Baum (Evp) $155,744 $0 $19,978
Stephen J Osowiecki (Cfo) $146,191 $0 $24,408
Ann Nankervis (Director, Hr) $108,160 $0 $10,829
John Debisceglie (Vp Loans) $105,506 $0 $19,206
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Linda Smitas (Treasurer) $0 $0 $0
Ken Decker (Treasurer) $0 $0 $0
Robert J Basta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,037,692
Expenses
$12,619,190
Net Income
$418,502
Net Assets
$20,868,730
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,901,171
99.0%
Investment Income $164,176
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$27,655
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $560,411
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,572,728
28.3%
Assets/Debt
Total Assets $270,079,655
Total Liabilities $249,210,925
Net Assets $20,868,730
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (Ceo) $168,928 $0 $54,434
Henry Baum (Evp) $153,953 $0 $18,812
Stephen J Osowiecki (Cfo) $140,657 $0 $23,627
John Debisceglie (Vp Loans) $109,027 $0 $30,115
Ann Nankervis (Director, Hr) $104,992 $0 $15,261
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert Lubus (Secretary) $0 $0 $0
Linda Smitas (Treasurer) $0 $0 $0
Robert J Basta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,089,342
Expenses
$11,819,241
Net Income
$1,270,101
Net Assets
$20,450,228
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,129,138
92.7%
Investment Income $74,274
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$16,296
Net Fundraising $0
Sales of Assets $684,753
5.2%
Net Inventory Sales $0
Other Revenue $217,473
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $307,473
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,781,963
32.0%
Assets/Debt
Total Assets $255,906,948
Total Liabilities $235,456,720
Net Assets $20,450,228
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (Ceo) $172,595 $0 $29,998
Henry Baum (Evp) $137,221 $0 $17,807
Harold Teran (Vp Branch Services) $110,046 $0 $25,475
John Debisceglie (Vp Loans) $108,304 $0 $18,170
Ann Nankervis (Director, Hr) $102,148 $0 $10,620
Stephen J Osowiecki (Cfo) $82,261 $0 $862
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Robert J Basta (Secretary) $0 $0 $0
Linda Smitas (Treasurer) $0 $0 $0
Robert Lubus (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,035,310
Expenses
$11,618,464
Net Income
$416,846
Net Assets
$19,180,127
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,784,446
97.9%
Investment Income $49,727
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$47,053
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $248,190
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $371,134
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,636,257
31.3%
Assets/Debt
Total Assets $249,491,746
Total Liabilities $230,311,619
Net Assets $19,180,127
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (President, Ceo) $171,995 $0 $46,761
Al Festini (Network Administrator) $121,637 $0 $20,492
Karen Levasseur (Cfo) $120,836 $0 $31,543
Lynn Mcmahon (Vp Marketing) $100,331 $0 $30,149
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Linda Smitas (Secretary) $0 $0 $0
Brigitta P Smith (Treasurer) $0 $0 $0
Robert J Basta (Board Member) $0 $0 $0
Arnold Haydu (Board Member) $0 $0 $0
Robert Lubus (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,968,755
Expenses
$11,672,494
Net Income
$296,261
Net Assets
$18,763,281
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,709,003
97.8%
Investment Income $79,745
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$74,917
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $254,924
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $366,623
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,695,598
31.7%
Assets/Debt
Total Assets $239,439,126
Total Liabilities $220,675,845
Net Assets $18,763,281
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry F Holderman (President, Ceo) $186,346 $0 $46,464
Jeffrey Levesque (Vp Of Information Technology) $123,629 $0 $19,272
Al Festini (Network Administrator) $112,897 $0 $18,063
Karen Levasseur (Cfo) $107,345 $0 $26,467
Bruce M Likely (Chair) $0 $0 $0
Robert Marages (Vice Chair) $0 $0 $0
Linda Smitas (Secretary) $0 $0 $0
Brigitta P Smith (Treasurer) $0 $0 $0
Robert J Basta (Board Member) $0 $0 $0
Arnold Haydu (Board Member) $0 $0 $0
Robert Lubus (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,194,084
Expenses
$11,930,075
Net Income
$264,009
Net Assets
$18,467,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,969,427
98.2%
Investment Income $170,968
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$108,817
Net Inventory Sales $0
Other Revenue $162,506
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $336,239
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,494,996
29.3%
Assets/Debt
Total Assets $247,149,937
Total Liabilities $228,682,915
Net Assets $18,467,022

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,894,240
Expenses
$12,248,552
Net Income
$645,688
Net Assets
$17,967,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,523,658
97.1%
Investment Income $262,296
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$88,763
Net Inventory Sales $0
Other Revenue $197,049
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $347,511
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,197,344
26.1%
Assets/Debt
Total Assets $234,687,836
Total Liabilities $216,719,838
Net Assets $17,967,998

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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.

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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 »

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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.
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