2020-11-16T11:30:05-06:00 2019-12-31 272562250 BAILEY SCARANO LLC 1224 MAIN STREET BRANFORD CT 06405 990 2019-01-01 060655039 NUTMEG STATE FINANCIAL CREDIT UNION NUTM 8605135000 500 ENTERPRISE DRIVE ROCKY HILL CT 060670066 CRAIG GINMAN DIRECTOR OF FINANCE 8605135000 2020-11-15 1 STEVEN M MOALLI CPA P01321875 2034811120 2020-11-15 32.211.41.123 2020-11-15 20:10:01 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 23416253CF70D238E6ABF845EDD10FCE4B35EB84 2019 2021-04-22 16:20:28Z CRAIG GINMAN 500 ENTERPRISE DRIVE ROCKY HILL CT 06067 29061614 0 X WWW.NUTMEGSTATEFCU.ORG X CREDIT UNION 1936 CT TO PROVIDE MEMBERS WITH LOAN AND DEPOSIT PRODUCTS, AS WELL AS VARIOUS OTHER CREDIT UNION SERVICES. 7 7 117 11 3489351 0 0 0 23173821 27398157 1026223 1663457 410861 0 24610905 29061614 0 0 0 0 8796996 9704663 0 0 0 13765550 15595046 22562546 25299709 2048359 3761905 452366618 448891661 389537594 381356594 62829024 67535067 TO IMPLEMENT TECHNOLOGY TO PROVIDE AN EXCEPTIONAL MEMBER EXPERIENCE AND CREATE INNOVATIVE FINANCIAL SOLUTIONS WHILE ENSURING FINANCIAL INCLUSION. 0 0 TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS WITH LOW INTEREST RATE LOANS AND HIGH DIVIDEND RATE SHARE ACCOUNTS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 33 0 117 0 1 1 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X THE ORGANIZATION 8605135000 500 ENTERPRISE DRIVE ROCKY HILL CT 06067 LUIS RAMOS BOARD CHAIRMAN 1.00 2.00 X 10615 0 0 MICHAEL PETTI BOARD VICE-CHAIRMAN 1.00 1.00 X 10523 0 0 CHARLES SABIA BOARD SECRETARY 1.00 1.00 X 6457 0 0 WALLACE ABRAMSON BOARD TREASURER 1.00 1.00 X 5496 0 0 MARYBETH BUNKO BOARD MEMBER 1.00 1.00 X 2174 0 0 MICHAEL GODBOUT BOARD MEMBER 1.00 1.00 X 3884 0 0 RONALD BROUSSEAU BOARD MEMBER 1.00 1.00 X 3031 0 0 JOHN HOLT PRESIDENT/CEO 1.00 40.00 X 906575 0 0 LISA ASADOURIAN SVP, CHIEF ENGAGEMENT OFFI 1.00 40.00 X 211593 0 3618 ROBERT BRUHN SVP, CHIEF FINANCIAL OFFIC 1.00 40.00 X 285327 0 4550 AL FESTINI SVP, CHIEF OPERATIONS OFFI 1.00 40.00 X 245885 0 5258 BRIAN SCAVONE SVP, CHIEF STRATEGY OFFICE 1.00 40.00 X 241933 0 5370 1933493 0 18796 5 0 1 0 DALAND SOLUTIONS LLC 500 ENTERPRISE DRIVE ROCKY HILL CT 06067 IT CONSULTING 1099419 CSB CONSTRUCTION 324 REDSTONE HILL RD BRISTOL CT 06010 BRANCH CONSTRUCTION 719494 STRATEGIC SPACES 280 SUMMER STREET BOSTON MA 02210 CONSTRUCTION 567538 PRESIDIO TECHNOLOGY CAPITAL LLC PO BOX 74390 CHICAGO IL 60690 COMPUTER HARDWARE 464524 CIGNA 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002 BENEFITS 452271 24 INTEREST ON LOANS 522130 17385090 17385090 OTHER OPERATING INCOME 522130 6523716 6523716 UNRELATED BUSINESS INCOME 900099 3455451 3455451 UNRELATED BUSINESS INCOME 524298 33900 33900 27398157 948360 948360 715097 0 715097 715097 715097 29061614 24623903 3489351 948360 7413670 1797154 493839 635269 4824409 1655534 465848 3543646 522869 LOAN SERVICING EXPENSES 1484617 PROVISION FOR LOAN & LE 1483855 PROFESSIONAL AND OUTSID 512760 466239 25299709 1813884 1704487 577178 370999639 355950192 21470835 10686808 12334928 10784027 37792409 56351671 4177143 29425758 19346963 452366618 448891661 17174365 6469739 372363229 374886855 389537594 381356594 X 0 0 0 0 62829024 67535067 62829024 67535067 452366618 448891661 3761905 944138 0 X 0 1 X 1 0 1567900 1567900 6048886 1529784 4519102 2239415 1867371 372044 5185762 3831681 1354081 6428872 3457972 2970900 10784027 NCUSIF DEPOSIT 3673110 C SHARE DEPOSIT AND CERTIFICATES IN CU'S 29752780 C FEDERAL AGENCY SECURITIES 22042031 F FHLB INVESTMENTS 883750 C 56351671 MEMBER SHARES 374886855 374886855 X 1 1 0 0 0 JOHN HOLT PRESIDENT/CEO 685175 0 221400 0 0 0 0 0 0 0 906575 0 0 0 LISA ASADOURIAN SVP, CHIEF ENGAGEMENT OFFI 173973 0 37620 0 0 0 0 0 3618 0 215211 0 0 0 ROBERT BRUHN SVP, CHIEF FINANCIAL OFFIC 239385 0 45942 0 0 0 0 0 4550 0 289877 0 0 0 AL FESTINI SVP, CHIEF OPERATIONS OFFI 203810 0 42075 0 0 0 0 0 5258 0 251143 0 0 0 BRIAN SCAVONE SVP, CHIEF STRATEGY OFFICE 202408 0 39525 0 0 0 0 0 5370 0 247303 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MARYBETH BUNKO (DAUGHTER AND SUPERVISORY COMMITTEE CHAIRPERSON) AND WALLY ABRAMSON (FATHER AND TREAURER/BOARD OF DIRECTOR) ARE RELATED FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION CONSIST OF INIDIVIDUALS AND BUSINESSES MAINTAINING DEPOSIT REQUIREMENTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS IN GOOD STANDING MAY VOTE FOR DIRECTORS AS THEIR TERMS EXPIRE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE DECISIONS OF THE GOVERNING BOARD IN ACCORDANCE WITH THE CREDIT UNION BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED WITH THE CEO AND CHAIRMAN OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT ON INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 15 OUTSIDE CONSULTANTS ANNUALLY REVIEW PRESIDENT'S/CDO'S COMPENSATION WITH THE BOARD OF DIRECTORS. CEO WORKS WITH A THIRD PARTY TO REVIEW ANNUAL COMPENSATION SURVEYS FOR SENIOR MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ALL GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED FOR VIEWING IN ALL BRANCH LOCATIONS. DALAND LLC 520 CROMWELL AVE ROCKY HILL CT 06067 830753519 CU CONSULTING SERVICES CT 2951476 5685867 NUTMEG STATE FCU MOTOR VEHICLE EXPRESS LLC 520 CROMWELL AVE ROCKY HILL CT 06067 830772098 PROVIDE CT DMV SERVICES CT 453720 582494 NUTMEG STATE FCU NUTMEG STATE INSURANCE BENEFITS LLC 520 CROMWELL AVE ROCKY HILL CT 06067 203848012 SALE OF INSURANCE PRODUCTS CT 85155 250064 NUTMEG STATE FCU