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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 2023. Filed on November 7, 2024.

1000 Bridgeport Avenue 503
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 2023 IRS Form 990 filing, Mutual Security Credit Union Inc., a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 91 total employees. Among the employees shown here, the average compensation is $203,198. The highest compensated employee at Mutual Security Credit Union Inc. is Henry Baum with fiscal year 2023 compensation of $310,247.

Revenue, expenses, and employee compensation

Revenue

$17,991,355

Expenses

$16,626,896

Employee compensation

$5,477,430
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Henry Baum
Chief Executive Officer
$310,247
$275,045 No related comp$35,202
Stephen Osowiecki
Chief Financial Officer
$248,004
$206,634 No related comp$41,370
Jeffrey Tracey
Vice President, Lending
$195,574
$179,952 No related comp$15,622
Michael Augusti
Vice President, Sales and Marketing
$182,038
$166,214 No related comp$15,824
Maria Lazor
Operations Director
$176,171
$134,114 No related comp$42,057
Ann Nankervis
Vice President of HR and Compliance
$173,509
$162,099 No related comp$11,410
Chris Horvath
IT Manager
$136,846
$122,484 No related comp$14,362

Benchmark Employee Compensation

Non-Employee Board Members

Ann Budzynski
Director
Bruce M Likely
Chair
Edwin Rodriguez
Director
Ken Decker
Treasurer
Robert J Basta
Director
Robert Lubus
Secretary
Robert Marages
Vice Chair

Contractors

Jack Henry & Associates
Core Computer System and Support
$456,663
Presidio Networked Solutions Group LLC
Data Processing Equipment and Support
$421,851
AT&T
Phone and Data Lines and Equipment
$282,897
Upstart Network Inc.
Personal Unsecured Loan Referrals
$136,537
Idsafe Choice (Nxg Strategies)
Id Protection for Members
$122,712

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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