Skip to main content
Filing year 2024

NUTMEG STATE FINANCIAL CREDIT UNION

Rocky Hill, Connecticut·EIN 06-0655039·501(c)(14)
Total revenue
$42.2M
Total assets
$697.1M
Total expenses
$39.7M
Reported officers
26
Mission

TO CREATE MULTI-GENERATIONAL PROSPERITY BY PROVIDING INCLUSIVE AND EQUITABLE ACCESS TO FINANCIAL PRODUCTS, SERVICES AND EDUCATION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 25 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Executive Officer
Above 90th percentile
$1.1M
$1.2M
Base
$528k
Bonus
$257k
Other
$255k
Benefits
$36k
President, Chief Operating Officer
Above 90th percentile
$603k
$651k
Base
$407k
Bonus
$145k
Other
Benefits
$37k
Svp, Chief Lending Officer
Senior Vice President
Median to 75th percentile
$361k
$390k
Base
$236k
Bonus
$64k
Other
Benefits
$52k
SVP Technology & Operations
Senior Vice President
Median to 75th percentile
$328k
$354k
Base
$205k
Bonus
$62k
Other
Benefits
$53k
Strategic Advisor
Officer (Unspecified)
$323k
$349k
Base
$307k
Bonus
Other
Benefits
$9k
SVP Sales & Marketing, Chief Experience Officer
Senior Vice President
Median to 75th percentile
$318k
$343k
Base
$235k
Bonus
$58k
Other
Benefits
$15k
Svp, Chief Financial Officer
Above 90th percentile
$303k
$328k
Base
$223k
Bonus
$55k
Other
Benefits
$16k
Director, Information Technology Services
Chief Information Officer
Median to 75th percentile
$217k
$234k
Base
$176k
Bonus
$18k
Other
Benefits
$15k
Director, Enterprise Risk Management
Highest Compensated Employee
Median to 75th percentile
$187k
$202k
Base
$128k
Bonus
$18k
Other
Benefits
$38k
Director Member Success
Key Employee
Median to 75th percentile
$183k
$197k
Base
$145k
Bonus
$20k
Other
Benefits
$15k
Director, People and Culture
Key Employee
Median to 75th percentile
$181k
$195k
Base
$141k
Bonus
$19k
Other
Benefits
$15k
Commercial and Mortgages
Key Employee
Median to 75th percentile
$176k
$190k
Base
$135k
Bonus
$23k
Other
Benefits
$13k
Director of Accounting
Key Employee
Median to 75th percentile
$173k
$187k
Base
$148k
Bonus
$21k
Other
Benefits
$135
Finance Director
Median to 75th percentile
$172k
$185k
Base
$123k
Bonus
$563
Other
Benefits
$43k
Strategic Partnerships
Officer (Unspecified)
$161k
$174k
Base
$161k
Bonus
Other
Benefits
Information Security Analyst
Highest Compensated Employee
25th percentile to median
$154k
$167k
Base
$133k
Bonus
$950
Other
Benefits
$15k
Director, Consumer Lending
Highest Compensated Employee
25th percentile to median
$150k
$162k
Director of Administration
Highest Compensated Employee
25th percentile to median
$147k
$158k
Chair
Board Chair
25th percentile to median
$14k
$15k
Vice Chair
Board Vice Chair
25th percentile to median
$13k
$15k
Supervisory Committee Chair
Board Chair
25th percentile to median
$8k
$8k
Director Emeritus
Board Member
25th percentile to median
$8k
$8k
2gen Committee Chair
Board Chair
10th to 25th percentile
$5k
$6k
Treasurer
Board Treasurer
25th percentile to median
$3k
$4k
Secretary
Board Secretary
10th to 25th percentile
$1k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 18%
from 2023

From $922k in 2023 to $1.1M in 2024.

$922k
2023
$1.1M
2024
In today's dollarsEst.
Up 14% in real terms$1M to $1.2M

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 18% from 2023 to 2024, while revenue rose 24%.

$922k in 2023 to $1.1M in 2024.
  • Senior Vice President pay rose 27% from 2023 to 2024.
  • Chief Financial Officer pay rose 27% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NUTMEG STATE FINANCIAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$34M
$31.9M
2023
$42.2M
$39.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NUTMEG STATE FINANCIAL CREDIT UNION

What does the Chief Executive Officer of NUTMEG STATE FINANCIAL CREDIT UNION earn?

In 2024, the Chief Executive Officer of NUTMEG STATE FINANCIAL CREDIT UNION received $1,090,902 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NUTMEG STATE FINANCIAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NUTMEG STATE FINANCIAL CREDIT UNION falls in the top 10%.

What are NUTMEG STATE FINANCIAL CREDIT UNION's revenue and expenses?

In 2024, NUTMEG STATE FINANCIAL CREDIT UNION reported $42.2M in total revenue and $39.7M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.