2023-03-29T16:01:49-04:00 2022-12-31 990 2022-01-01 061029943 Soundview Financial Credit Union SOUN 14 Research Dr Bethel CT 06801 Heidi Sztanko Vice President 2037913218 2023-03-29 Heidi Sztanko XXX-XX-XXXX 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jo-Ann Palladino Palladino 1675515 false X www.soundviewfcu.org X 1980 CT SVFCUs mission is to serve our members as the best-in-class provider of consumer financial services. We will fulfill our mission by placing a high value on customer satisfaction, quality service, full service delivery and continued credit union stability. 8 7 9 8 20189 2895 0 1195117 1372196 300410 303319 0 1495527 1675515 0 0 788698 930836 0 0 648477 648195 1437175 1579031 58352 96484 46634807 43834356 42007235 39110300 4627572 4724056 SVFCUs mission is to serve our members as the best-in-class provider of consumer financial services. We will fulfill our mission by placing a high value on customer satisfaction, quality service, full service delivery and continued credit union stability. false false 1474946 1655326 Provided Credit Union Members with traditional financial services to meet their financial needs. These include:Loans: Home Equity, Second Mortgage, Auto and personal loans along with Visa credit cards. This resulted in overall loans outstanding (net of loan loss provision) as of December 31, 2017 of $18614558.Savings: A choice of savings options including CDs and money market accounts, regular share, checking and club savings options.Convience: ATM access and home banking capabilities. 16295 20189 Provide tangentle financial services for the convenience of SVFCU members. This includes access to reduced insurance premiums, utility discounts, movie ticket discounts and other offerings. 1491241 false false false false false false false false true false true false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 679 0 true 9 true true true false false false false false false false X 8 7 false false false false true true true true true false true true false false false true true true false CT X X Heidi Sztanko 2037964500 14 Research Dr Bethel CT 06801 X Leo White Vice Chairman 2.00 0.00 X 0 0 0 RuthAnne Salvatore Director 1.00 0.00 X 0 0 0 Chris DePalma Secretary 2.00 0.00 X 0 0 0 Dawn Norton Director 2.00 0.00 X 0 0 0 Susan Schulz Director 1.00 0.00 X 0 0 0 Andrew Bard Treasurer 5.00 0.00 X 0 0 0 Maciej Milewski Chairman 4.00 0.00 X 0 0 0 Jo-Ann Palladino Palladino President 50.00 0.00 X X X 0 0 0 Heidi Sztanko Vice President Operations 50.00 0.00 X 0 0 0 0 0 0 0 false false false Interest on Loans 522291 911411 911411 Visa Interchange Income 522291 165619 165619 In house Fee income 522291 274977 274977 Commission payment rev 522220 480 480 Insurance products 524298 19709 19709 1372196 303319 303319 1675515 1655326 20189 0 X 276191 207143 69048 395726 395726 9996 9075 921 161938 149549 12389 86985 81553 5432 8700 8700 262057 262057 26972 26972 52815 52815 61117 61117 1787 1787 464 464 61416 61416 8682 8682 Provision for loan losses -33738 -33738 Loan Servicing costs 158907 158907 Association Dues 15081 15081 23935 23935 1579031 1491241 87790 0 181145 244407 3709452 275184 555 77461 64998 19234119 21070487 62573 67468 216039 205841 22163 10198 22904130 21559130 443764 541929 46634807 43834356 68830 58855 41938405 39051445 42007235 39110300 X 647698 647698 3979874 4076358 4627572 4724056 46634807 43834356 96484 0 X false false false 216039 205841 10198 10198 CERTIFICATES OF DEPOSIT CD 18255000 C ALLOYA PERMANENT CAPITAL DEPOSIT 54130 C DEBT SECURITIES 3250000 C 21559130 Accrued Income 85887 NCUSIF 386320 FIS ADV CLEARING ACCOUN 39120 CSCU Equity Account 30602 541929 IRA accounts 1741054 Share Certificates 2026041 Share Drafts 9571657 Regular Shares 24077202 Money Markets 1194586 Club accounts 455895 Unapplied Data Processing -14990 39051445 Jo-Ann Palladino Officer Credit Card X 15000 14370 false true true Jo-Ann Palladino Officer Overdraft Line of Cr X 1000 100 false true true Ruthanne Salvatore Director Overdraft Line of Cr X 3000 2070 false true true Carla Trombley Supervisory Comm Second Mortgage X 39500 16266 false true true Carla Trombley Supervisory Comm Visa Credit Card X 8000 8030 false true true Carla Trombley Supervisory Comm Overdraft Line of Cr X 1000 false true true Chris DePalma Director Auto Loan X 29600 24162 false true true Chris Depalma Director Credit Card X 10000 false true true Heidi Sztanko VP Operations Overdraft Line of Cr X 1000 false true true Sue Schulz Director Credit Card X 10000 false true true Andy Bard Treasurer Overdraft Line of Cr X 2000 false true true John Murphy Supervisory Comm Overdraft Line of Cr X 1000 false false false 64998 Members or stockholder classes and rights Part VI line 6 All Credit Union account holders are considered members by virtue of having at least $25 in a share (savings) account. Member election for additional members Part VI line 7a Each year at the Credit Unions annual meeting, all members are invited to participate in the election of Board members and director positions up for election. Participation includes nominating priviledges and voting rights. Governing body decisions Part VI line 7b As per answer to line 7a above, members vote determines fiduciary responsibilities of Credit union Directors and Board members. Form 990 governing body review Part VI line 11 Form 990 provided upon request CEO executive director top management comp Part VI line 15a Full Board determines CEO compensation Other officer or key employee compensation Part VI line 15b Full Board determines officer compensation Governing documents etc available to public Part VI line 19 Monthly financials posted in main branch lobby. Also available upon request and on the NCUA website. List of other fees for services expenses Part IX line 11g Amount includes all outside services from various vendors including credit and debit card servicing, legal services, collection services among others.