2024-09-25T14:52:07-05:00 2023-12-31 060530830 SEWARD AND MONDE CPA'S 296 STATE STREET NORTH HAVEN CT 064732165 990 2023-01-01 066039973 DUTCH POINT CREDIT UNION DUTC 8605632617 195 SILAS DEANE HIGHWAY WETHERSFIELD CT 061091283 CHARLYN TANNER PRESIDENT AND CEO 8605632617 2024-09-25 1 1 ATHANASIOS PARTALAS P01529855 2032489341 2023 2024-08-08 14:25:15Z CHARLYN TANNER 195 SILAS DEANE HIGHWAY WETHERSFIELD CT 061091283 34401078 0 X WWW.DUTCHPOINT.ORG X 1960 CT OUR MISSION IS "EDUCATE. SERVE. DELIGHT." WHILE PROVIDING CREDIT UNION SERVICES. 9 8 83 0 0 0 0 1790589 12866384 15829282 3237910 3991168 0 0 16104294 21611039 7500 7500 0 0 5905002 5769701 0 0 0 6959866 11440688 12872368 17217889 3231926 4393150 467297066 475467935 421979861 425893938 45317205 49573997 EDUCATE. SERVE. DELIGHT. 0 0 PROVIDE CREDIT UNION SERVICES. 0 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 6147 0 1 83 1 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MICHAEL KLEINSCHMITT CFO 8602575244 195 SILAS DEANE HIGHWAY WETHERSFIELD CT 061091283 FRANCIS R N PROTO CEO - FORMER 0.00 X 377120 0 37500 CHARLYN TANNER PRESIDENT, CEO & SECRETARY 40.00 X X 338010 0 71317 MICHAEL KLEINSCHMITT CHIEF FINANCIAL OFFICER 40.00 X 185967 0 40549 ANTHONY SACCHETTI CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 165604 0 22661 RICHARD S ZAJACK CHAIRMAN OF BOARD 2.00 X X 1015 0 0 MICHAEL E CURTIN VICE CHAIRMAN 2.00 X X 0 0 0 TIMOTHY TUELL TREASURER 2.00 X X 0 0 0 NOEL AUBE DIRECTOR 2.00 X 0 0 0 ROBERT BOURNE DIRECTOR 2.00 X 0 0 0 PATRICK DORNFRIED DIRECTOR 2.00 X 0 0 0 MAISA LAHAM DIRECTOR 2.00 X 0 0 0 MARGUERITE ROSE DIRECTOR 2.00 X 0 0 0 1067716 0 172027 4 1 1 0 SOLIDUS INC 1450 MAIN STREET EAST HARTFORD CT 06108 CONSTRUCTION SERVICES 143995 SYNERGI PARTNERS INC SYNERGI CARES PO BOX 5599 FLORENCE SC 295025599 PROFESSIONAL SERVICES RE ERC 128686 2 1790589 1790589 INTEREST ON LOANS 522100 11271712 11271712 INTERCHANGE INCOME 522100 2249910 2249910 FEES AND CHARGES 522100 2006762 2006762 OTHER INCOME 522100 300898 300898 15829282 3852300 3852300 12928907 12789509 530 139398 -530 138868 138868 21611039 19681582 0 138868 7500 808124 3837039 166914 595787 361837 17572 66743 438182 447326 687679 1249343 653907 90573 4573366 386499 LOAN EXPENSES 1075667 DEBIT CARD EXPENSES 792561 PROVISION FOR LOAN LOSS 542745 ATM EXPENSES 278305 140220 17217889 2112918 1982451 45301535 41994138 836773 876773 223922787 246348184 941104 970407 6791378 4389225 2711001 2402153 8808413 154040 176780575 169996099 5881960 10743690 467297066 475467935 3214953 2507202 418764908 423386736 421979861 425893938 X 0 0 0 0 45317205 49573997 45317205 49573997 467297066 475467935 X 4393150 -102086 -34272 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 783483 783483 3383492 2137623 1245869 357948 283595 74353 2266455 1968007 298448 2402153 389972 C FEDERAL AGENCY SECURITIES 137342692 C FHLB 233700 C BANK NOTES & CERTIFICATES OF DEPOSIT 16299754 C MORTGAGE BACKED SECURITIES 15229981 C ESCORP 500000 C 169996099 MEMBERS' SHARES 423386736 423386736 21509483 -102086 -102086 21611569 -530 -530 21611039 17218419 0 17218419 -530 -530 17217889 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM PROPERTY DISPOSITIONS -530. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM PROPERTY DISPOSITIONS -530. 1 SCHOLARSHIP 3 7500 PART I, LINE 2: ANNUALLY 3 CREDIT UNION MEMBERS ACCEPTED AT AN ACCREDITED 2 OR 4 YEAR UNIVERSITY OR COLLEGE AS FULL-TIME FRESHMEN ARE AWARDED A $2,500 SCHOLARSHIP. THE SCHOLARSHIP IS AWARDED BASED UPON THE JUDGING OF THE STUDENT'S ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, WORK EXPERIENCE AND A WRITTEN ESSAY. THE FUNDS ARE SUBMITTED DIRECTLY TO THE ACADEMIC INSTITUTION ON BEHALF OF THE STUDENT. NO FURTHER MONITORING OF THE AWARD IS DEEMED NECESSARY. X X X X 0 1 0 FRANCIS R N PROTO CEO - FORMER 4135 0 0 0 372985 0 0 0 37500 0 414620 0 360000 0 CHARLYN TANNER PRESIDENT, CEO & SECRETARY 270000 0 40500 0 27510 0 25936 0 45381 0 409327 0 0 0 MICHAEL KLEINSCHMITT CHIEF FINANCIAL OFFICER 171600 0 14100 0 267 0 14099 0 26450 0 226516 0 0 0 ANTHONY SACCHETTI CHIEF MEMBER EXPERIENCE OFFICER 140590 0 22400 0 2614 0 11875 0 10786 0 188265 0 0 0 PART I, LINE 4B CERTAIN OFFICERS PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. THEY ARE NOT VESTED IN THIS PLAN. THE CURRENT YEAR NON VESTED DEFERRAL IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. FRANCIS R N PROTO FORMER CEO DEMAND LOAN X 596773 596773 0 1 1 CHARLYN TANNER PRESIDENT/CEO & DIRECTOR DEMAND LOAN X 280000 280000 0 1 1 876773 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS MAINTAINING A MINIMUM DEPOSIT BALANCE WITH THE ORGANIZATION ARE CONSIDERED MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS IN GOOD STANDING MAY VOTE FOR DIRECTORS AS TERMS EXPIRE. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE RETURN ARE PROVIDED TO THE GOVERNING BOARD PRIOR TO FILING. PRIOR TO FINALIZING THE RETURN A COPY IS PROVIDED TO THE PRESIDENT AND CFO FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS THEIR CONFLICT OF INTEREST POLICY WITH DIRECTORS, OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PUBLISHED ON THEIR WEB SITE. FORM 990, PART XI, LINE 9: ADOPTION ASC TOPIC 326 -34,272.