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Filing year 2024

SIKORSKY FINANCIAL CREDIT UNION

Stratford, Connecticut·EIN 06-0634736·501(c)(14)
Total revenue
$64.6M
Total assets
$1.3B
Total expenses
$52M
Reported officers
26
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 26 reported individuals · Filing year 2024

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

President/ceo
Above 90th percentile
$1.2M
$1.3M
Base
$599k
Bonus
$401k
Other
$148k
Benefits
$35k
Svp/cfo
Officer (Unspecified)
$537k
$580k
Base
$302k
Bonus
$146k
Other
$1k
Benefits
$53k
Evp/coo
Officer (Unspecified)
$506k
$546k
Base
$286k
Bonus
$135k
Other
$774
Benefits
$49k
Svp/clgo
Officer (Unspecified)
$472k
$510k
Base
$265k
Bonus
$129k
Other
$774
Benefits
$43k
Svp/cio
Officer (Unspecified)
$455k
$492k
Base
$248k
Bonus
$126k
Other
$414
Benefits
$50k
Svp/chro
Officer (Unspecified)
$395k
$427k
Base
$208k
Bonus
$108k
Other
$774
Benefits
$47k
Home Loan Sales Manager
Key Employee
75th to 90th percentile
$289k
$312k
Base
$80k
Bonus
$153k
Other
$3k
Benefits
$44k
VP Business Lending
Board Vice President
75th to 90th percentile
$243k
$262k
Base
$162k
Bonus
$31k
Other
$650
Benefits
$42k
VP Digital Banking
Board Vice President
Median to 75th percentile
$192k
$207k
Base
$120k
Bonus
$29k
Other
$90
Benefits
$40k
Home Loan Consultant
Highest Compensated Employee
Median to 75th percentile
$188k
$203k
Base
$42k
Bonus
$94k
Other
$3k
Benefits
$44k
VP Retail Banking
Board Vice President
Median to 75th percentile
$185k
$199k
Base
$137k
Bonus
$25k
Other
$99
Benefits
$17k
Home Loan Consultant
Highest Compensated Employee
Median to 75th percentile
$180k
$195k
Base
$41k
Bonus
$95k
Other
$3k
Benefits
$36k
VP Deposit Operations
Board Vice President
Median to 75th percentile
$169k
$182k
Base
$133k
Bonus
$26k
Other
$681
Benefits
$5k
IT Infrastructure Manager
IT Manager
25th percentile to median
$152k
$164k
Base
$111k
Bonus
$21k
Other
$71
Benefits
$15k
Consumer Lending Manager
Highest Compensated Employee
25th percentile to median
$136k
$147k
Board Vice Chairperson
Board Chair
25th percentile to median
$12k
$13k
Board Member
25th percentile to median
$10k
$11k
Board Member
25th percentile to median
$10k
$11k
Board Secretary
Median to 75th percentile
$9k
$10k
Board Treasurer
Median to 75th percentile
$8k
$9k
Board Member
25th percentile to median
$6k
$7k
Board Member
25th percentile to median
$6k
$6k
Board Member
25th percentile to median
$5k
$5k
Board Member
25th percentile to median
$5k
$5k
Board Chairperson
Board Chair
10th to 25th percentile
$4k
$4k
Board Member/supervisory Committee
Board Member
10th to 25th percentile
$3k
$3k

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.

Up 14%
from 2023

From $1.1M in 2023 to $1.2M in 2024.

$1.1M
2023
$1.2M
2024
In today's dollarsEst.
Up 10% in real terms$1.2M to $1.3M

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 14% from 2023 to 2024, while revenue rose 11%.

$1.1M in 2023 to $1.2M in 2024.
  • Board Vice President pay rose 5% from 2023 to 2024.
  • Highest Compensated Employee pay fell 44% 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

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

RevenueExpenses
$58.3M
$40.2M
2023
$64.6M
$52M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SIKORSKY FINANCIAL CREDIT UNION

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

In 2024, the Chief Executive Officer of SIKORSKY FINANCIAL CREDIT UNION received $1,216,072 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 SIKORSKY 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 SIKORSKY FINANCIAL CREDIT UNION falls in the top 10%.

What are SIKORSKY FINANCIAL CREDIT UNION's revenue and expenses?

In 2024, SIKORSKY FINANCIAL CREDIT UNION reported $64.6M in total revenue and $52M in total expenses on its IRS Form 990.

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