2013-11-04T09:08:45-06:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 060701899 MUTUAL SECURITY CREDIT UNION MUTU 2034027400 12 PROGRESS DRIVE SHELTON CT 06484 KAREN LEVASSEUR 2034027400 2013-10-30 1 GERALD B KISSELL P00092658 6123324300 2012 2016-03-07 17:11:31Z LARRY F HOLDERMAN 12 PROGRESS DRIVE SHELTON CT 06484 12302901 0 X N/A X 2001 CT THE MISSION OF MUTUAL SECURITY CREDIT UNION (MSCU) IS TO PROMOTE THE ECONOMIC WELL BEING OF ITS 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. 7 7 88 14 174636 -257362 0 0 12523658 11969427 173533 62151 197049 162506 12894240 12194084 6000 6000 1978473 1569504 4521095 4854225 0 0 0 5742984 5500346 12248552 11930075 645688 264009 234687836 247149937 216719838 228682915 17967998 18467022 X THE MISSION OF MUTUAL SECURITY CREDIT UNION (MSCU) IS TO PROMOTE THE ECONOMIC WELL BEING OF ITS 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. 0 0 MSC IS A COMMUNITY CREDIT UNION WITH A MEMBERSHIP BASE OF THOSE LIVING, WORKING, WORSHIPPING OR ATTENDING SCHOOL IN FAIRFIELD, LITCHFIELD OR NEW HAVEN COUNTIES. MEMBERSHIP ELIGIBILITY ALSO INCLUDES THOSE EMPLOYED OR THE RETIRED PENSIONERS/ANNUITANTS OF OUR 77 SELECT EMPLOYEE GROUPS. FAMILY MEMBERS OF OUR CURRENT CU MEMBERS ARE ALSO ELIGIBLE FOR MEMBERSHIP. AS OF 12/31/12 WE ARE SERVING 35,803 MEMBERS. MSCU OFFERS MEMBERS VARIOUS CONSUMER LOAN PRODUCTS (PERSONAL LOANS, AUTO LOANS, MORTGAGES - 1ST, 2ND AND HOME EQUITY LOC). MSCU OFFERS MEMBERS OUR VISA CREDIT CARDS AND VISA CHECK CARD (DEBIT CARD). MSCU OFFERS MEMBERS OUR VARIOUS CHECKING ACCOUNT PROGRAMS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 7678 0 1 88 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 0 1 1 0 X KAREN LEVASSEUR 2034027425 12 PROGRESS DRIVE SHELTON CT 06484 BRUCE M LIKELY 5.00 X X 0 0 0 ROBERT MARAGES 5.00 X X 0 0 0 LINDA SMITAS 5.00 X X 0 0 0 BRIGITTA P SMITH 5.00 X X 0 0 0 ROBERT J BASTA 5.00 X 0 0 0 ARNOLD HAYDU 5.00 X 0 0 0 ROBERT LUBUS 5.00 X 0 0 0 LARRY F HOLDERMAN 50.00 X 169902 0 43575 KAREN LEVASSEUR 50.00 X 98270 0 24493 268172 0 68068 2 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONET MO 65708 CORE COMPUTER SYSTEM 633044 BLUEWATER COMMUNICATIONS GROUP LLC PO BOX 842893 BOSTON MA 02284 DATA CENTER CONSTRUCTION 596830 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM LEASE/PURCH/SERVICING 351962 FISERV 75 REMITTANCE DR CHICAGO IL 60675 COMPUTER SOFTWARE/HARDWARE MAINTENANCE 307302 AAA 110 ROYAL LITTLE DRIVE PROVIDENCE RI 02902 LENDING COMMISSION & GAP INSURANCE 206801 11 INTEREST INCOME 522100 9151823 9151823 FEES AND CHARGES 522100 1756957 1582321 174636 VISA FEE INCOME 522100 898573 898573 MORTGAGE FEE INCOME 522100 162074 162074 11969427 170968 170968 108817 -108817 -108817 -108817 MISC. OPERATING INCOME 522100 162506 162506 162506 12194084 11957297 174636 62151 6000 1569504 336239 3494996 170316 537661 315013 152702 9940 97345 234220 719020 818462 614931 89264 3195 160788 69992 VISA DEBIT & CREDIT CAR 859805 LOAN PROCESSING & PROVI 854107 CHECKING & ATM CARD PRO 499336 NCUA STABILIZATION EXPE 210539 106700 11930075 13582761 13114525 16356779 13516569 197624820 210543454 268935 350486 5557457 1341099 2782469 4216358 777420 1578024 3294652 3830521 234687836 247149937 809251 2444914 810269 922422 215100318 225315579 216719838 228682915 X 0 0 0 0 17967998 18467022 17967998 18467022 234687836 247149937 X 264009 235015 X X 0 1 X 1 0 0 1 X 1035139 1035139 2458565 1341099 1117466 215822 215822 1847931 1847931 4216358 SHARES ON DEPOSIT 216237855 OTHER LIABILITIES AND LOANS 9077724 225315579 PART IV, LINE 2B: MSCU HAS ESCROW ACCOUNTS FOR MEMBERS WITH FIRST MORTGAGE LOANS. THEIR FUNDS ACCUMULATE MONTHLY AND WHEN DUE, MSCU PAYS THEIR TOWN/CITY PROPERTY TAX AND INSURANCE ON THEIR BEHALF. 1 COLLEGE SCHOLARSHIPS 6 6000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EACH SCHOLARSHIP PAYMENT IS PAID BY CHECK PAYABLE TO THE RECIPIENT'S COLLEGE FOR THEIR TUITION. X X 0 0 0 LARRY F HOLDERMAN 167922 0 0 0 1980 0 22121 0 21454 0 213477 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 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 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, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 THE CHAIRMAN, AND VICE-CHAIRMAN OR TREASURER OF THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION POLICY HAS GUIDELINES FOR VARIOUS TRANSACTIONS TO ENSURE THAT OUR BUSINESS ACTIVITIES ARE PERFORMED IN COMPLIANCE WITH THE STATE OF CT STATUTES. SEGREGATION OF DUTIES IS MANAGED TO ENSURE THAT SYSTEM TRANSACTIONS ARE IN COMPLIANCE WITH THE POLICY. OUTSIDE OF OUR CORE SYSTEM, OTHER AUTHORIZATIONS TO PERFORM HIGH LEVEL FUNCTIONS ARE ASSIGNED UNDER DUAL APPROVAL WITHIN POLICY LIMITS. BOARD APPROVAL IS RECEIVED WHEN NECESSARY FOR THOSE TRANSACTIONS AS STATED IN THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 SALARY AND JOB DESCRIPTION DATA IS OBTAINED FROM A CONSULTANT, HR VALUE GROUP, WHOSE DATA INCLUDES SALARY RANGES FROM THE CUNA SALARY SURVEY, CUES SURVEY, AND THE ECONOMIC RESEARCH INSTITUTE. CEO SALARY IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE NOT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 235,015. FORM 990 PART XI, LINE 2C THE PROCESS USED TO OVERSEE THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PREVIOUS YEAR. GODFREY TERRACE CONDO ASSOCIATION C/O MSCU PO BOX 2489 SHELTON CT 064841489 061269292 CONDO ASSOCIATION CT MUTUAL SECURITY CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0