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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Mutual Security Credit Union Inc.

Mutual Security Credit Union Inc.

Fiscal year ending 2020. Filed on November 15, 2021.

12 Progress Drive
1200
Shelton, Connecticut 06484

Mutual Security Credit Union Inc. (EIN: 06-0701899) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Mutual Security Credit Union Inc., a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 82 total employees. Among the employees shown here, the average compensation is $178,692. The highest compensated employee at Mutual Security Credit Union Inc. is Larry F Holderman with fiscal year 2020 compensation of $262,250.

Revenue, expenses, and employee compensation

Revenue

$15,192,487

Expenses

$13,995,742

Employee compensation

$5,777,934
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Larry F Holderman
CEO Emeritas (Until 12/31/20)
$262,250
$236,854 No related comp$25,396
Henry Baum
Chief Executive Officer
$251,874
$215,522 No related comp$36,352
Stephen J Osowiecki
Chief Financial Officer
$204,676
$169,535 No related comp$35,141
Michael Augusti
Vice President Retail and Marketing
$156,497
$141,411 No related comp$15,086
Maria Lazor
Operations Director
$155,573
$123,762 No related comp$31,811
Ann Nankervis
Vice President HR and Compliance
$146,672
$134,264 No related comp$12,408
Jeffrey Tracey
Vice President, Lending
$139,300
$117,495 No related comp$21,805
Chris Horvath
IT Manager
$112,691
$110,056 No related comp$2,635

Benchmark Employee Compensation

Non-Employee Board Members

Bruce M Likely
Chair
Ken Decker
Treasurer
Robert J Basta
Director
Robert Lubus
Secretary
Robert Marages
Vice Chair

Contractors

Jack Henry & Association
Core Computer System and Main
$375,697
AT&T
Phone/Data Lines/Equip
$262,380
Presidio Networked Solutions Group
Hardware and Software Support
$140,726
Diebold Inc.
ATM Machines - Purchase and Maintenance
$129,468
Swbc Lending Solutions LLC
R/E Appraisals and Flood Inspections
$123,856

Mission Statement

THE MISSION OF MUTUAL SECURITY CREDIT UNION (THE CREDIT UNION) IS TO BE THE BUILDERS OF FINANCIAL WELL-BEING WITHIN THE COMMUNITIES THAT WE SERVE. WE PROMOTE THE ECONOMIC WELL BEING OF OUR MEMBERS BY PROVIDING A BROAD RANGE OF INNOVATIVE FINANCIAL PRODUCTS. THESE PROGRAMS WILL BE ADMINISTERED IN A PERSONALIZED ENVIRONMENT BY A PROFESSIONAL STAFF AND DEDICATED VOLUNTEERS. THE CREDIT UNION OFFERS MEMBERS VARIOUS CONSUMER AND REAL ESTATE LOAN PRODUCTS (PERSONAL, AUTO, 1ST & 2ND MORTGAGES, HOME EQUITY LINES OF CREDIT, SMART ENERGY LOANS, VISA CREDIT CARDS). THE CREDIT UNION ALSO OFFERS MEMBERS VISA CHECK/DEBIT CARDS AS WELL AS VARIOUS SAVINGS, CERTIFICATES & CHECKING ACCOUNTS.

Revisions to this organization profile

November 14, 2025:
2024 Mutual Security Credit Union Inc. 990 filed
November 7, 2024:
2023 Mutual Security Credit Union Inc. 990 filed
November 13, 2023:
2022 Mutual Security Credit Union Inc. 990 filed

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