2025-10-29T13:29:11-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 060634736 SIKORSKY FINANCIAL CREDIT UNION SIKO 2033772252 1000 ORONOQUE LANE STRATFORD CT 06614 BENJAMIN W CITRIN SVP FINANCE/CFO 2033857311 2025-10-28 0 AUBREY CLEGG P01076395 3052328272 2024 2025-03-06 01:10:19Z VINCENT CIAMBRIELLO JR 1000 ORONOQUE LANE STRATFORD CT 06614 69684795 0 X WWW.SIKORSKYFCU.ORG X 1948 CT SIKORSKY FINANCIAL CREDIT UNION IS COMMITTED TO ACT IN THE BEST INTEREST OF ITS MEMBERSHIP. 11 11 157 15 67838 0 0 0 39566709 53204740 13276181 11435957 5475864 0 58318754 64640697 0 52181 0 0 15279467 16368391 0 0 0 24873467 35531597 40152934 51952169 18165820 12688528 1263652136 1305923917 1120787060 1149247088 142865076 156676829 SIKORSKY FINANCIAL CREDIT UNION IS COMMITTED TO ACT IN THE BEST INTEREST OF ITS MEMBERSHIP. OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF CONNECTICUT RESIDENTS IN FAIRFIELD, NEW HAVEN, AND HARTFORD COUNTIES. 0 0 SIKORSKY FINANCIAL CREDIT UNION OFFERS NUMEROUS DEPOSIT PROGRAMS TO ITS MEMBERS. SHARE SAVINGS INCLUDE REGULAR SHARES, DAILY MONEY MARKET, EARLY ADVANTAGE SAVINGS, KASASA SAVER, SHARE DRAFT ACCOUNTS, HEALTH SAVINGS ACCOUNTS, COVERDELL EDUCATION SAVINGS, CLUB ACCOUNTS AND SHARE CERTIFICATES. SIKORSKY FINANCIAL CREDIT UNION OFFERS NUMEROUS LOAN PRODUCTS TO ITS MEMBERS. THE LOAN PROGRAM INCLUDES MORTGAGES, NEW AND USED AUTO, RECREATIONAL VEHICLES, CONSUMER, AND CREDIT CARD LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 49538 0 1 157 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BENJAMIN W CITRIN 2033772252 1000 ORONOQUE LANE STRATFORD CT 06614 WILLIAM SCHLENK BOARD CHAIRPERSON 2.50 X 1432 0 2676 JAMES PRUSACZYK BOARD VICE CHAIRPERSON 2.50 X 4395 0 7442 JOSEPH KUBIC BOARD SECRETARY 2.50 X 1310 0 8135 RICHARD KOLLET BOARD TREASURER 2.50 X 2988 0 4994 MAUREEN FINO BOARD MEMBER 2.50 X 0 0 5847 ELIZABETH DORNEY BOARD MEMBER 2.50 X 0 0 6438 CAROL NAVARRO BOARD MEMBER 2.50 X 0 0 5091 JOHN PAWLOWSKI BOARD MEMBER 2.50 X 2207 0 7566 ROBERT DAVID BOARD MEMBER 2.50 X 4546 0 5508 JEFFREY LACZKOSKI BOARD MEMBER 2.50 X 1801 0 3213 GEOFFREY HERALD BOARD MEMBER/SUPERVISORY COMMITTEE 2.50 X 0 0 2935 VINCENT CIAMBRIELLO JR PRESIDENT/CEO 40.00 X 1149154 0 66918 BENJAMIN CITRIN SVP/CFO 40.00 X 449576 0 87473 CHARLES HODDINOTT EVP/COO 40.00 X 421647 0 84088 KENNETH FERRARI SVP/CLGO 40.00 X 394538 0 77332 ALFRED POSEY SVP/CIO 40.00 X 374623 0 80691 ANN MARIE GILLICK SVP/CHRO 40.00 X 315978 0 79264 LEE STATER HOME LOAN SALES MANAGER 40.00 X 235444 0 53059 JOSEPH NUZZO VP BUSINESS LENDING 40.00 X 193752 0 49172 LUCIA PANICO VP RETAIL BANKING 40.00 X 162019 0 22653 ANN MARIE MARREIROS VP DEPOSIT OPERATIONS 40.00 X 159038 0 9481 JENNA BARTLEY VP DIGITAL BANKING 40.00 X 149093 0 42676 TIMOTHY CAHILL HOME LOAN CONSULTANT 40.00 X 138673 0 49377 NICOLE CORRIVEAU IT INFRASTRUCTURE MANAGER 40.00 X 132394 0 19619 ZACHARY HASSELBARTH CONSUMER LENDING MANAGER 40.00 X 130858 0 4910 ALISON IGNATOWSKI HOME LOAN CONSULTANT 40.00 X 138988 0 41163 4564454 0 827721 25 0 1 0 VELERAPSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD SERVICING 2423861 DIGITAL FIRST HOLDINGS PO BOX 660367 DALLAS TX 75266 ONLINE BANKING & BILLPAY 1085098 FISERV INC PO BOX 934057 ATLANTA GA 31193 COMPUTER SOFTWARE 892663 RESPONSE 85 WILLOW ST NEW HAVEN CT 06511 BRAND BUILDING AND MARKETING 695853 INSIGHT DIRECT PO BOX 731069 DALLAS TX 75373 COPMUTER HARDWARE 516213 26 INTEREST ON LOANS 522100 43879898 43879898 FEES, CHARGES & OTHER 522100 9257004 9257004 FINANCE & INSURANCE 520000 67838 67838 53204740 11382793 11382793 5097262 5044098 53164 53164 53164 64640697 64572859 67838 0 X 47181 5000 4544424 8496693 456892 1973061 897321 2560 310653 409424 643548 1274156 7807014 373649 1420272 59979 18242335 1504085 178041 LOAN SERVICING 1152927 PROVISION FOR LOAN LOSS 1101398 LOSSES 689655 MISCELLANEOUS EXPENSES 181035 180866 51952169 3802288 4143199 116062083 114544390 1883429 1945544 586660 599400 883891973 942456286 1065636 1427426 18853167 12268525 7878126 6584642 225731794 212671097 5994544 4574868 16755603 16977065 1263652136 1305923917 14375262 11191219 36000000 1070411798 1138055869 1120787060 1149247088 X 0 0 0 0 142865076 156676829 142865076 156676829 1263652136 1305923917 12688528 1123225 0 X X 0 1 X 1 0 600000 600000 5064983 4080315 984668 5267884 2532947 2734937 7920300 5655263 2265037 6584642 MEMBER SHARES 1138055869 1138055869 X 64640697 0 64640697 0 64640697 51952169 0 51952169 0 51952169 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 BOYS & GIRLS CLUB OF LNV 1 POSITIVE PL SHELTON CT 06484 060653185 501(C)(3) 5500 0 TO IMPROVE THE OVERALL HEALTH OF CLUB MEMBERS. 1 0 SCHOLARSHIPS 5 5000 PART I, LINE 2: THESE ARE CHARITABLE CONTRIBUTIONS OR SPONSORSHIPS, NOT GRANTS. THEREFORE, THERE IS NO SUBSEQUENT MONITORING BY THE CREDIT UNION. FORM 990, SCH I, PART III EACH YEAR, SIKORSKY CREDIT UNION AWARDS FIVE SCHOLARSHIPS TO DESERVING HIGH SCHOOL SENIORS WHO SHOW ACADEMIC PROMISE AND DEDICATION TO FURTHERING THEIR EDUCATION. THE $1,000 SCHOLARSHIP WILL ASSIST RECIPIENTS WITH TUITION, BOOKS, OR OTHER COLLEGE-RELATED EXPENSES. APPLICANTS MUST BE A MEMBER OF SIKORSKY CREDIT UNION AND SUBMIT AN ESSAY ON THE TOPIC OF MONEY MANAGEMENT. 0 0 0 VINCENT CIAMBRIELLO JR PRESIDENT/CEO 599433 0 401333 0 148388 0 31920 0 34998 0 1216072 0 0 0 BENJAMIN CITRIN SVP/CFO 301967 0 146421 0 1188 0 34135 0 53338 0 537049 0 0 0 CHARLES HODDINOTT EVP/COO 286068 0 134805 0 774 0 35420 0 48668 0 505735 0 0 0 KENNETH FERRARI SVP/CLGO 265127 0 128637 0 774 0 34681 0 42651 0 471870 0 0 0 ALFRED POSEY SVP/CIO 247896 0 126313 0 414 0 30681 0 50010 0 455314 0 0 0 ANN MARIE GILLICK SVP/CHRO 207687 0 107517 0 774 0 32762 0 46502 0 395242 0 0 0 LEE STATER HOME LOAN SALES MANAGER 79510 0 152815 0 3119 0 8829 0 44230 0 288503 0 0 0 JOSEPH NUZZO VP BUSINESS LENDING 162394 0 30708 0 650 0 7391 0 41781 0 242924 0 0 0 JENNA BARTLEY VP DIGITAL BANKING 120284 0 28719 0 90 0 2893 0 39783 0 191769 0 0 0 TIMOTHY CAHILL HOME LOAN CONSULTANT 41794 0 93864 0 3015 0 5277 0 44100 0 188050 0 0 0 LUCIA PANICO VP RETAIL BANKING 136920 0 25000 0 99 0 5984 0 16669 0 184672 0 0 0 ALISON IGNATOWSKI HOME LOAN CONSULTANT 41455 0 94501 0 3032 0 5306 0 35857 0 180151 0 0 0 ANN MARIE MARREIROS VP DEPOSIT OPERATIONS 132754 0 25603 0 681 0 4846 0 4635 0 168519 0 0 0 NICOLE CORRIVEAU IT INFRASTRUCTURE MANAGER 111111 0 21212 0 71 0 4916 0 14703 0 152013 0 0 0 GARY M HULTGREN FORMER CEO FROM MERGED CU SPLIT DOLLAR X 859702 599400 0 1 1 599400 FORM 990, SCH L, PART III THE CREDIT UNION ACQUIRED A COLLATERAL ASSIGNED SPLIT DOLLAR PLAN AS A RESULT OF ITS MERGER WITH MCKESSON FEDERAL CREDIT UNION ON OCTOBER 1, 2023. THE PLAN WAS CREATED TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS TO GARY M. HULTGREN, THE FORMER CEO OF MCKESSON FEDERAL CREDIT UNION. ALTHOUGH THE IRS REQUIRES REPORTING IN SCHEDULE L, PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD, THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES THOSE WHO LIVE, WORK, WORSHIP, OR VOLUNTEER IN FAIRFIELD, NEW HAVEN OR HARTFORD COUNTIES IN CONNECTICUT. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER OF INTERNAL AUDIT, CEO, SVP/CFO, AND SFCU BOARD WILL REVIEW THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED ANNUALLY TO READ AND ACKNOWLEDGE POLICIES THROUGH THE ADP PORTAL. NEWLY HIRED EMPLOYEES ARE ALSO REQUIRED TO READ AND ACKNOWLEDGE POLICIES THROUGH THE ADP PORTAL. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SETS COMPENSATION FOR THE CEO OF SFCU. THE CEO SETS COMPENSATION FOR SFCU OFFICERS AND KEY EMPLOYEES WITHIN THE CREDIT UNION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G COMPUTER SERVICE EXPENSE 587,428. ADVANCE PLANNING EXPENSE 56,120. FORM 990, PART IX, LINE 24E TRAINING EXPENSE 180,866. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.