Credit Unions Building Financial Independence Inc
As the charitable arm of the credit union league of Connecticut, cubfi serves Connecticut residents and communities in order to help them build and maintain independence through assistance initiatives, financial education, professional development programs, and helping credit unions to do the same.
Credit Unions Building Financial Independence Inc at a glance
In short: Credit Unions Building Financial Independence Inc reported $1K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $1,200 — reported as a total on the IRS filing, without an itemized list
- -76.0% vs 2024
- Total assets
- $722,043
- -1.9% vs 2024
- Revenue (2025)
- $130,206
- +3.2% vs 2024
- Net investment income (2025)
- $19,700
- +164.6% vs 2024
- Expenses (2025)
- $94,315
- +35.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Credit Unions Building Financial Independence Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $1K (2025) to $55K (2021). In 2025 it reported $1K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CDFI Fund Match Washington DC, DC | Donation | $40,000 |
| Camp Courant Farmington, CT | Donation | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $722,043 | $130,206 | $94,315 | $1,200 | Total only | $19,700 |
| 2024 | $735,994 | $126,155 | $69,394 | $5,000 | Total only | $7,444 |
| 2023 | $678,668 | $110,276 | $65,727 | $5,800 | Total only | $5,320 |
| 2022 | $539,239 | $117,980 | $72,182 | $12,500 | Total only | $1,532 |
| 2021 | $501,642 | $148,162 | $112,289 | $55,000 | 2 | $185 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Credit Unions Building Financial Independence Inc
Based on IRS filings
Credit Unions Building Financial Independence Inc is a public charity, based in Rocky Hill, CT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $722K in total assets. In 2025, it reported $1K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $20K.
Leadership & Key People
Officers and directors from IRS filings
Credit Unions Building Financial Independence Inc is led by Bruce Adams, President since 2024 (on filings since 2021); none of the 17 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce Adams
President
President → President & CEO, 2023
President & CEO → President, 2024
On filings since 2021
2 hrs/week
No compensation reported
David Hinchy
Executive Director
On filings since 2021
20 hrs/week
No compensation reported
Sabrina Defazio
Chairman
Board Vice Chair → Chairman, 2023
On filings since 2021
1 hr/week
No compensation reported
Andrew Klimkoski
Director
Director → Board Member, 2023
Board Member → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Kathy Chartier
Director
Director → Board Member, 2023
Board Member → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Matt Baldini
Director
Director → Board Member, 2023
Board Member → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Chris Maynard
Director
Board Member → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Meg Martellotta
Director
Board Member → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Steven Hernandez
Director
Board Member → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Ann Michels
Director
On filings since 2024
1 hr/week
No compensation reported
Ann-Marie Katzer
Director
On filings since 2024
1 hr/week
No compensation reported
Michael Kleinschmitt
Director
On filings since 2024
1 hr/week
No compensation reported
Vincent Ciambriello
Director
On filings since 2024
1 hr/week
No compensation reported
Lyndsey O'Brien
Director
New on the 2025 filing
1 hr/week
No compensation reported
Simeon Chapin
Director
New on the 2025 filing
1 hr/week
No compensation reported
Annette Janovic
Secretary & Treasurer
Director → Board Member, 2023
Board Member → Secretary & Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Henry Baum
Vice Chairman
Director → Vice Chairman, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (9)
- Former: Hank Petroskey (2021–2023) — Board Member
- Former: Joanne Todd (2021–2023) — Board Member
- Former: Teresa Knox (2021–2023) — Secretary & Treasurer
- Former: Matt Stanek (2023) — Board Member
- Former: Gerry Singleton (2021–2022) — Director
- Former: Keith Wiemert (2021–2022) — Secretary & Treasurer
- Former: Nick Fortson (2022) — Director
- Former: Carl Skudlarek (2021) — Director
- Former: Fran Proto (2021) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Credit Unions Building Financial Independence Inc
How much does Credit Unions Building Financial Independence Inc give each year?
Credit Unions Building Financial Independence Inc reported $1K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $5K in grants paid.
How large is Credit Unions Building Financial Independence Inc?
Credit Unions Building Financial Independence Inc reported $722K in total assets on its 2025 IRS Form 990. Its revenue that year was $130K.
Where does Credit Unions Building Financial Independence Inc operate?
Credit Unions Building Financial Independence Inc has awarded grants in Connecticut, District of Columbia.
What is Credit Unions Building Financial Independence Inc's EIN?
Credit Unions Building Financial Independence Inc's EIN (Employer Identification Number) is 06-1029942. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS September 28, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 20, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 20, 2026)
- IRS filings on file for fiscal years 2021–2024
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