Nonprofit · EIN 06-0659505
FINEX CREDIT UNION
Tax-exempt · EAST HARTFORD, CT 06108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $11,459,156 | $11,934,612 | -$475,456 | $143,889,213 | $131,436,208 | $12,453,005 |
| March 31, 2024 | 990 | $10,167,569 | $12,010,475 | -$1,842,906 | $148,562,385 | $135,633,924 | $12,928,461 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,380,501
- Investment income
- $828,261
- Other revenue
- $250,394
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,736,594
- Other salaries and wages
- $852,092
- Salaries, compensation and benefits (total)
- $3,432,937
- Professional fundraising fees
- $0
- Legal fees
- $20,198
- Accounting fees
- $69,323
- Occupancy
- $679,786
- Travel
- $35,543
- Depreciation
- $459,694
Balance sheet and other
- Total assets, start of year
- $148,562,385
- Total assets, end of year
- $143,889,213
- Total liabilities, end of year
- $131,436,208
- Net assets, end of year
- $12,453,005
- Land, buildings and equipment
- $3,426,057
- Gross unrelated business income
- $29,323
- Gross receipts
- $11,459,156
- Employees
- 52
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL PALLADINO | PRESIDENT/CEO Officer | 40 | $344,116 | $2,349 |
| MICHAEL FERRARO | CHIEF OPERATING OFFICER Officer | 40 | $262,063 | $11,886 |
| KRISTINA ZIEGLER | VP, SALES & OPERATIONS Key employee | 40 | $232,052 | $16,904 |
| WILLIAM WEINGARTNER | VP TECHNOLOGY Key employee | 40 | $152,643 | $48,209 |
| SUNNY NARIYANI | AVP DIGITAL MARKETING Highest-paid employee | 40 | $132,561 | $24,328 |
| SUSAN BROWN | CHIEF FINANCIAL OFFICER Officer | 40 | $140,300 | $9,635 |
| LYNN WILKINS | SENIOR ACCOUNTING MANAGER Highest-paid employee | 40 | $127,712 | $16,592 |
| CYNTHIA KELLER | DIRECTOR ADMIN SERVIECS Highest-paid employee | 40 | $127,942 | $3,041 |
| MARY SULLIVAN | DIRECTOR BUSINESS DEVELOPMENT Highest-paid employee | 40 | $111,527 | $11,767 |
| JOSEPHINE GONZALEZ RIVERA | LENDING MANAGER Highest-paid employee | 40 | $105,678 | $1,582 |
| ANTHONY HOMICKI | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| PETER LUPI | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN BAFUNDO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GINA DORAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOYCE REYNOLDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUY LABELLA | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FLANAGAN | DIRECTOR Trustee or director | 1 | $0 |
| SHAWNA WOODBERRY | DIRECTOR Trustee or director | 1 | $0 |
| FRANCIS MICHAEL GUERRERA III | DIRECTOR Trustee or director | 1 | $0 |
| PAUL FALCONE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL FERRARO | COO Officer | 40 | $362,269 | $11,138 |
| MICHAEL PALLADINO | PRESIDENT/CEO Officer | 40 | $342,403 | $2,375 |
| ELAINE ORSINI | FORMER VP, LENDING & RISK MANAGEMENT Highest-paid employee | 40 | $211,830 | $1,263 |
| KRISTINA ZIEGLER | VP OF LENDING AND SALES Highest-paid employee | 40 | $193,709 | $15,982 |
| SUNNY NARIYANI | AVP MARKETING Highest-paid employee | 40 | $124,793 | $13,345 |
| ANTHONY HOMICKI | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| PETER LUPI | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN BAFUNDO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GINA DORAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOYCE REYNOLDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUY LABELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FLANAGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAWNA WOODBERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCIS MICHAEL GUERRERA III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL FALCONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 616 BURNSIDE AVE, EAST HARTFORD, CT 06108-3539
- Principal officer (990 for 2024)
- JOSEPH BARTOLOTTA, 616 BURNSIDE AVENUE, EAST HARTFORD, CT 06108
- Signed the 990
- JOSEPH BARTOLOTTA, PRESIDENT
- Phone
- (860) 282-0001
- Website
- WWW.FINEXCU.ORG
- Return prepared by
- WHITTLESEY PC
Mission
TO PROVIDE LOW COST FINANCIAL SERVICES TO THE CREDIT UNION OWNER DEPOSITORS.
Program accomplishments
- MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNTS, AND PAYMENT OF INTEREST AND DIVIDENDS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0659505
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Group exemption
- 2711: CONNECTICUT STATE BANKING DEPARTMENT GROUP RETURN
- Assets (IRS master file)
- $143,889,213
- Income (IRS master file)
- $11,459,156
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $11,459,156 | $11,934,612 | $143,889,213 | XML |
| 990 | March 2024 | $10,167,569 | $12,010,475 | $148,562,385 | XML |
| 990 | March 2023 | $7,998,878 | $7,767,546 | $112,609,874 | IRS |
| 990 | March 2022 | $5,905,863 | $5,467,885 | $109,422,895 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0659505).
Questions about FINEX CREDIT UNION
- What is the EIN of FINEX CREDIT UNION?
- The employer identification number (EIN) of FINEX CREDIT UNION is 06-0659505.
- Is FINEX CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to FINEX CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FINEX CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINEX CREDIT UNION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINEX CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of FINEX CREDIT UNION?
- The 990 for the year ended March 31, 2025 names JOSEPH BARTOLOTTA.
- Who are the officers and directors of FINEX CREDIT UNION?
- The 990 for the year ended March 31, 2025 lists 20 people; 10 received compensation from the organization, the highest $344,116 (MICHAEL PALLADINO, PRESIDENT/CEO).
- How much revenue does FINEX CREDIT UNION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $11,459,156, expenses of $11,934,612 and total assets of $143,889,213 at year end.
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