Connecticut Credit Union Association Inc

Organization Overview

Connecticut Credit Union Association Inc is located in Meriden, CT. The organization was established in 1940. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Connecticut Credit Union Association Inc employed 8 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Connecticut Credit Union Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Connecticut Credit Union Association Inc generated $714.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $568.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE LEAGUE PROVIDES PROGRAMS AND SERVICES TO ITS MEMBER CREDIT UNIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LEAGUE PROVIDES VARIOUS PROGRAMS AND SERVICES TO APPROXIMATELY 75 CONNECTICUT CREDIT UNIONS WHO ARE MEMBERS OF THE LEAGUE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$870,100
Investment income $51,814
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $714,771

Peer Organizations

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