Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
14 people listed on the 990; $1.3M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Henry Baum | $300,620 | $275,045 | $277,280 | $236,085 | $215,522 |
| Larry F Holderman | — | — | — | — | $236,854 |
| Jeffrey Tracey | $212,530 | $179,952 | $152,261 | $127,333 | $117,495 |
| Stephen Osowiecki | — | $206,634 | $184,768 | $170,981 | — |
| Michael Augusti | $170,784 | $166,214 | $163,406 | $142,744 | $141,411 |
| Ann Nankervis | $169,769 | $162,099 | $151,115 | $138,244 | $134,264 |
| Stephen J Osowiecki | — | — | — | — | $169,535 |
| Charles Okyere | $163,037 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides members innovative financial products and loans to promote economic well-being.
Questions for Mutual Security Credit Union INC
Your first name shows with your question. Mutual Security Credit Union INC answers here, for everyone.
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Mutual security credit union offers members various consumer loan products (personal loans, auto loans, mortgages - 1ST, 2ND, and home equity lines of credit, smart energy loans). New loans issued in 2024: personal loans = 598, new & used auto loans = 894, 1ST, 2ND & helocs = 109, smart energy loans = 66.
Mutual security credit union offers members our visa credit cards and visa check card (debit card). New visa accounts issued in 2024 = 199.
Mutual security credit union offers members our various checking account programs. New checking accounts opened in 2024 = 88.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $10.6M | $19.6M |
| InvestmentsLn 11–13 | $4.0M | $4.8M |
| Land, buildings, equipmentLn 10c | $5.0M | $4.6M |
| Total assetsLn 16 | $357.5M | $355.0M |
| LiabilitiesLn 26 | $327.2M | $323.5M |
| Net assetsLn 32 | $30.2M | $31.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $6K | |||
| Pay of current officers, directors and key staffLn 5 | $514K | |||
| Other salaries and wagesLn 7 | $5.3M | |||
| Pension plan contributionsLn 8 | $146K | |||
| Other employee benefitsLn 9 | $740K | |||
| Payroll taxesLn 10 | $439K | |||
| Management feesLn 11a | $151K | |||
| Legal feesLn 11b | $80K | |||
| Accounting feesLn 11c | $63K | |||
| Advertising and promotionLn 12 | $200K | |||
| Office expensesLn 13 | $1.2M | |||
| Information technologyLn 14 | $1.6M | |||
| OccupancyLn 16 | $681K | |||
| TravelLn 17 | $12K | |||
| Conferences, conventions and meetingsLn 19 | $130K | |||
| InterestLn 20 | $250K | |||
| Depreciation, depletion and amortizationLn 22 | $467K | |||
| InsuranceLn 23 | $86K | |||
| Other expenses (24a–d)Ln 24 | $6.8M | |||
| All other expensesLn 24e | $37K | |||
| Total functional expensesLn 25 | $18.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $20.2M | $18.9M | $1.3M | $31.5M | 990 PDF |
| FY2023 | $18.0M | $16.6M | $1.4M | $30.2M | 990 PDF |
| FY2022 | $15.9M | $13.5M | $2.4M | $26.9M | 990 PDF |
| FY2021 | $14.7M | $12.4M | $2.2M | $27.1M | 990 PDF |
| FY2020 | $15.2M | $14.0M | $1.2M | $24.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $20,187,778 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $20,187,778 across 4 lines filed
Part IX · Statement of functional expenses $18,920,512 across 20 lines filed
Part X · Balance sheet $354,958,379 assets, 12 lines filed
Part XI · Reconciliation of net assets $31,495,688 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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