UNIVERSITY CREDIT UNION (EIN 016028792) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

RENEE OUELLETTE

Phone

2078898600

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY CREDIT UNION, founded in 1967, is a mid-sized nonprofit that reported $29.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $28.3M left a modest 3% surplus.

Mission

HERE FOR U - DEDICATED TO PROMOTE FINANCIAL WELL-BEING FOR YOU AND YOUR COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,690,652

Investment Income $2,620,812

Other Revenue $-21,485

TOTAL REVENUE $29,289,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,626,114

Fundraising Expenses $0

Other Expenses $12,953,428

TOTAL EXPENSES $28,299,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,289,979	$24,246,784	+0.2%
Expenses	$28,299,035	$22,460,398	+0.3%
Net Income	$990,944	$1,786,386	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

115

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,420,901

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHENEY CAROLYN	DIRECTOR	1.00	Director	$0	$0	$0
BORGMAN RICK	DIRECTOR	1.00	Director	$0	$0	$0
HARR LUCY	DIRECTOR	1.00	Director	$0	$0	$0
BAILLARGEON STEVE	DIRECTOR	1.00	Director	$0	$0	$0
WHITEHILL ENCY	CHAIR	1.00	Officer Director	$0	$0	$0
HENDERSON JON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PICKERING TONYA	SECRETARY	1.00	Officer Director	$0	$0	$0
OUELLETTE RENEE D	PRESIDENT & CEO	40.00	Officer	$410,165	$57,846	$468,011
WHITE-RIDEOUT DEB	EXEC VICE PRESIDENT	40.00	Officer	$242,921	$45,608	$288,529
WILLIAMS ROBERT	CHIEF FINANCIAL OFFICER (THRU AUG)	40.00	Officer	$126,190	$30,041	$156,231
AUSTIN AMANDA	VP OF FINANCE	40.00	Officer	$40,499	$2,281	$42,780
GLEASON APRIL	CHIEF LENDING OFFICER	40.00	Officer	$199,909	$42,827	$242,736
BYRAM EILEEN	CHIEF RISK OFFICER	40.00	Officer	$184,980	$37,634	$222,614
FREIWALD PATRICIA	FINANCIAL ADVISOR	40.00	Highest	$185,799	$28,623	$214,422
WARD MARTHA	VP OF TECHNOLOGY & DIGITAL EXPERIENCE	40.00	Highest	$140,330	$49,800	$190,130
BECK STEPHANIE	VP OF MARKETING	40.00	Highest	$153,553	$12,486	$166,039
ROSS TREVOR	MORTGAGE LOAN ORIGINATOR	40.00	Highest	$113,104	$34,027	$147,131
RAMSAY ABBEY	VP OF LENDING	40.00	Highest	$107,725	$36,344	$144,069

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$29,289,979	$28,299,035	$508,181,878	$990,944
2023	$24,246,784	$22,460,398	$480,026,796	$1,786,386
2022	$21,065,584	$17,883,590	$459,586,136	$3,181,994
2021	$20,708,166	$16,129,125	$424,608,395	$4,579,041
2020	$19,858,361	$16,471,282	$385,646,309	$3,387,079
2019	$18,930,933	$16,063,394	$330,643,520	$2,867,539
2018	$16,924,654	$15,995,925	$305,452,117	$928,729

UNIVERSITY CREDIT UNION