Nonprofit · EIN 06-0709551
METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC
Tax-exempt · HARTFORD, CT 06114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,422,047 | $1,353,839 | $68,208 | $32,381,111 | $28,819,025 | $3,562,086 |
| December 31, 2023 | 990 | $1,144,783 | $1,100,834 | $43,949 | $32,131,533 | $28,637,655 | $3,493,878 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,034,183
- Investment income
- $387,864
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $142,985
- Other salaries and wages
- $201,055
- Salaries, compensation and benefits (total)
- $430,499
- Professional fundraising fees
- $0
- Legal fees
- $5,200
- Accounting fees
- $8,400
- Occupancy
- $503
- Travel
- $16,775
- Depreciation
- $30,171
Balance sheet and other
- Total assets, start of year
- $32,131,533
- Total assets, end of year
- $32,381,111
- Total liabilities, end of year
- $28,819,025
- Net assets, end of year
- $3,562,086
- Land, buildings and equipment
- $1,042,003
- Gross unrelated business income
- $3,239
- Gross receipts
- $1,422,047
- Employees
- 6
- Volunteers
- 11
- Year formed
- 1955
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN VIETS | CEO/TREASURER Trustee or director, Officer | 40 | $136,943 | $6,042 |
| ROBERT FACEY JR | CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 |
| TREVOR PARRIS | VICE CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES MASSE | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| DOUGLAS WOODS SR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SEBASTIAN FRAELLO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAMES DAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN VIETS | CEO/TREASURER Trustee or director, Officer | 40 | $135,253 | $5,863 |
| ROBERT FACEY JR | CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 |
| TREVOR PARRIS | VICE CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES MASSE | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| DOUGLAS WOODS SR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SEBASTIAN FRAELLO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAMES DAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 250 MURPHY RD, HARTFORD, CT 06114-2107
- Principal officer (990 for 2024)
- KAREN VIETS, PO BOX 1348, HARTFORD, CT 06143
- Signed the 990
- KAREN VIETS, CHIEF EXECUTIVE OFFICER
- Phone
- (860) 560-9036
- Website
- WWW.MDECU.ORG
- Return prepared by
- BAILEY SCARANO LLC
Mission
WE PROVIDE FINANCIAL SERVICES FOR OUR MEMBERS
Program accomplishments
- ORGANIZATION AND MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNTS
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0709551
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2711: CONNECTICUT STATE BANKING DEPARTMENT GROUP RETURN
- Assets (IRS master file)
- $32,381,111
- Income (IRS master file)
- $1,422,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,422,047 | $1,353,839 | $32,381,111 | XML |
| 990 | December 2023 | $1,144,783 | $1,100,834 | $32,131,533 | XML |
| 990 | December 2022 | $943,824 | $888,050 | $30,928,206 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 06-0709551).
Questions about METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC
- What is the EIN of METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC?
- The employer identification number (EIN) of METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC is 06-0709551.
- Is METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC 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 METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC?
- The 990 for the year ended December 31, 2024 names KAREN VIETS.
- Who are the officers and directors of METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $136,943 (KAREN VIETS, CEO/TREASURER).
- How much revenue does METROPOLITAN DISTRICT EMPLOYEES CREDIT UNION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,422,047, expenses of $1,353,839 and total assets of $32,381,111 at year end.
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