Connecticut State Employees Credit Union Inc
501(c)(14)
Strong reserves Growing revenue
Connecticut State Employees Credit Union Inc is a 501(c)(14) organization based in Hartford, Connecticut, registered in 1976, with $84,482,509 in FY2024 revenue.
84 Wadsworth St, Hartford, CT, 06106 EIN 06-0663293 Since 1976
Revenue (FY2024)
$84.5M
▲ 13.7% vs prior year
Expenses (FY2024)
$76.8M
Net assets
$209.1M
Employees
74
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Connecticut State Employees Credit Union Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating33 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Connecticut State Employees Credit Union Inc: 33 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Connecticut State Employees Credit Union Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Connecticut State Employees Credit Union Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provide loan and deposit products to our members that assist them in meeting their financial needs.
What they do
Provide savings and checking accounts to credit union members
Granting of credit for consumer and mortgage loans to credit union members
Contact & location
- Address
- 84 Wadsworth St, Hartford, CT, 06106
- City
- Hartford
- State
- Connecticut
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $24.3M (FY2013) to $84.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.3BNet assets $209.1M
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5B
Total liabilities
$2.3B
Net assets
$209.1M
Salaries & benefits
$7.9M
10% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $84,482,509▲13.7% | $76,841,529▲12.2% | $209,084,755▲4.2% | $2,486,347,529▲4.5% | 990 |
| 2023 | $74,277,559▲49.7% | $68,492,690▲97.1% | $200,699,611▲3.4% | $2,379,746,388▼3.9% | 990 |
| 2022 | $49,632,833▲44.5% | $34,754,840▲47.2% | $194,066,912▲9.0% | $2,477,578,978▼0.2% | 990 |
| 2021 | $34,343,368▼9.9% | $23,602,914▼19.2% | $178,081,932▲7.2% | $2,481,303,480▲10.7% | 990 |
| 2020 | $38,097,214▼14.8% | $29,216,730▼27.4% | $166,075,153▲5.2% | $2,241,925,256▲16.1% | 990 |
| 2019 | $44,722,545▲11.1% | $40,259,072▲24.3% | $157,870,535▲2.0% | $1,930,928,418▲6.3% | 990 |
| 2018 | $40,270,426▲28.8% | $32,393,722▲36.5% | $154,728,912▲5.0% | $1,816,884,183▲1.3% | 990 |
| 2017 | $31,258,592▲20.0% | $23,724,651▲8.2% | $147,313,232▲5.5% | $1,792,944,941▲1.4% | 990 |
| 2016 | $26,045,413▲10.5% | $21,928,872▲7.1% | $139,594,916▲2.1% | $1,768,679,943▲4.2% | 990 |
| 2015 | $23,566,249▲1.3% | $20,470,994▲0.7% | $136,730,232▲1.9% | $1,696,953,043▲0.5% | 990 |
| 2014 | $23,269,578▼4.4% | $20,319,681▼5.9% | $134,135,778▲1.8% | $1,688,429,071▲0.4% | 990 |
| 2013 | $24,329,203 | $21,585,005▼6.4% | $131,756,827▲2.5% | $1,682,164,666▲1.4% | 990 |
| 2012 | — | $23,072,191▼9.0% | $128,522,565▲1.8% | $1,658,760,917▲3.1% | 990 |
| 2011 | — | $25,363,766▼10.8% | $126,299,205▲4.2% | $1,609,289,066▲2.8% | 990 |
| 2010 | — | $28,419,460 | $121,151,233 | $1,566,023,751 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Daniel Daigle — $381,392 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Daigle | Ceo | 40 | $381,392 |
| John Frenett | Treasurer/cfo | 40 | $245,545 |
| Scott Cormier | Collection&risk Manager | 35 | $198,927 |
| Allison Liggett | Operations Manager | 35 | $190,588 |
| William Senack | Loan Manager | 35 | $180,939 |
| Jennifer Tuccitto-inglis | Branch Coordinator | 35 | $127,605 |
| Christopher Duryea | Director | 0.5 | — |
| Constantinos Skevas | Secretary | 0.5 | — |
| George Dombroski | Director | 0.75 | — |
| Greg Slupecki | Vice President | 0.5 | — |
| Ken Post | Director | 0.5 | — |
| Vincent Filippa | President | 1 | — |
Frequently asked questions
- Is Connecticut State Employees Credit Union Inc a legitimate nonprofit?
- Yes. Connecticut State Employees Credit Union Inc is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 06-0663293, based in Hartford, Connecticut.
- What is Connecticut State Employees Credit Union Inc's EIN?
- Connecticut State Employees Credit Union Inc's Employer Identification Number (EIN) is 06-0663293.
- How much revenue does Connecticut State Employees Credit Union Inc report?
- Connecticut State Employees Credit Union Inc reported $84,482,509 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Connecticut State Employees Credit Union Inc's highest-paid employee make?
- The highest reported compensation on Connecticut State Employees Credit Union Inc's latest Form 990 is $381,392, paid to Daniel Daigle (Ceo).
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Data for Connecticut State Employees Credit Union Inc (EIN 06-0663293) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.