Is it real?
No. The IRS revoked its tax exemption. Latest filing we have: FY2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990; $147K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Jocelyn Kapalski | $151,630 | $147,098 | $136,261 |
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.
See C T E C U executive salaries →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
Programs and updates
Provides members excellent service, competitive rates, and financial education through loan promotions and investment returns.
Questions for C T E C U
Your first name shows with your question. C T E C U answers here, for everyone.
CTECU provides competitive rates on deposit accounts, promoting thrift among its membership of over 1400 members and promoting prudent financial behavior and planning. CTECU provides Savings accounts, Money Market accounts, IRA accounts, and Share draft-checking accounts as well as Certificates of Deposit (CDs).
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-1199174) · Dispute this lineCTECU provides low-rate vehicle loans for members. CTECU also provides low-cost Credit Card loans to assist with prudent financial behavior and planning. CTECU provides low-rate Consumer loans for Recreational Vehicles as well as for Boats, Boat motors, and Boat trailers and Motorcycles.
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-1199174) · Dispute this lineCTECU provides Home Mortgage loans for the key purchase that most American families make, their home. The Home Mortgages and Refinanced Home loans are at low-competitive market interest rates. CTECU provides low-cost 5-year Home Equity loans. Home Mortgage loans and Home Equity loans for 2021 resulted in 2 loans totaling $230,000.
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-1199174) · Dispute this lineBy the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $173K | $175K |
| InvestmentsLn 11–13 | $18.7M | $20.5M |
| Land, buildings, equipmentLn 10c | $85 | $85 |
| Total assetsLn 16 | $27.0M | $27.7M |
| LiabilitiesLn 26 | $21.9M | $22.6M |
| Net assetsLn 32 | $5.1M | $5.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $60K | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $161K | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $109K | |||
| Pension plan contributionsLn 8 | $17K | |||
| Other employee benefitsLn 9 | $30K | |||
| Payroll taxesLn 10 | $20K | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $10K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $22K | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $1K | |||
| Office expensesLn 13 | $61K | |||
| Information technologyLn 14 | $85K | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $37K | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $2K | |||
| InterestLn 20 | $11 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $1 | |||
| InsuranceLn 23 | $0 | |||
| Other expenses (24a–d)Ln 24 | $66K | |||
| Total functional expensesLn 25 | $681K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 LatestFiled with the IRS May 2, 2023 | $453K | $737K | −$284K | $4.8M | 990 PDF |
| FY2021 ViewingFiled with the IRS May 13, 2022 | $651K | $681K | −$30K | $5.1M | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $734K | $674K | $60K | $5.1M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $650,911 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, no flags
Part VIII · Statement of revenue $650,911 across 10 lines filed
Part IX · Statement of functional expenses $681,026 across 30 lines filed
Part X · Balance sheet $27,690,825 assets, 31 lines filed
Part XI · Reconciliation of net assets $5,107,681 net assets at year end
Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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