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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 2024. Filed on November 14, 2025.

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 2024 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 92 total employees. Among the employees shown here, the average compensation is $209,172. The highest compensated employee at Mutual Security Credit Union Inc. is Henry Baum with fiscal year 2024 compensation of $340,729.

Revenue, expenses, and employee compensation

Revenue

$20,187,778

Expenses

$18,920,512

Employee compensation

$7,161,101
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Henry Baum
Chief Executive Officer
$340,729
$300,620 No related comp$40,109
Jeffrey Tracey
Vice President, Lending
$229,171
$212,530 No related comp$16,641
Maria Lazor
Vice President, RISK and Stratergy Management
$197,235
$149,347 No related comp$47,888
Michael Augusti
Vice President, Sales and Service
$191,962
$170,784 No related comp$21,178
Ann Nankervis
Vice President, Human Resources
$182,355
$169,769 No related comp$12,586
Charles Okyere
Chief Financial Officer
$173,048
$163,037 No related comp$10,011
Chris Horvath
Information Technology Director
$149,703
$132,377 No related comp$17,326

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

Presidio Networked Solutions Group LLC
Data Processing Equipment and Support
$635,641
Jack Henry & Associatesinc
Core Computer System and Support
$455,344
Upstart Network Inc.
Personal Loan Referrals and Servicing
$251,627
AT&T
Phone and Data Lines
$210,671
Diebold Inc.
ATM Machine Purchases and Support
$143,718

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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