FIRST PRIORITY CREDIT UNION

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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

1924

Legal Domicile

Principal Officer

ANTHONY PACIULLI

Phone

6174824787

Tax Period

2024-01-01 to 2024-12-31

FIRST PRIORITY CREDIT UNION, founded in 1924, is a community nonprofit in the Public & Societal Benefit sector that reported $6.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 8% surplus.

Mission

MAINTENANCE OF THE MEMBER SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. LENDING AND INVESTING OF MEMBER DEPOSITS AT MARKET INTEREST.

Program Service Accomplishments

Program 1

Expenses: $5,667,423

MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. LENDING AND INVESTING OF MEMBER DEPOSITS AT MARKET INTEREST. BY THE END OF 2024 WE HAD 11,158 MEMBER DEPOSIT...

MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. LENDING AND INVESTING OF MEMBER DEPOSITS AT MARKET INTEREST. BY THE END OF 2024 WE HAD 11,158 MEMBER DEPOSIT ACCOUNTS WITH A BALANCE OF APPROXIMATELY $112,000,000 AND 1,252 LOANS WITH A VALUE OF APPROXIMATELY $89,000,000.

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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 $4,809,868

Investment Income $1,373,587

Other Revenue $0

TOTAL REVENUE $6,183,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,492,457

Fundraising Expenses $0

Program Expenses $5,667,423

Other Expenses $3,098,968

TOTAL EXPENSES $5,667,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,183,455	$5,593,613	+0.1%
Expenses	$5,667,423	$5,306,302	+0.1%
Net Income	$516,032	$287,311	+0.8%

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

Volunteers

N/A

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

$539,639

Total Directors

$75,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AISHA MILBURY ELLIS	DIRECTOR	1.00	Director	$9,772	$0	$9,772
ANTHONY DESTEFANO	DIRECTOR	1.00	Director	$6,547	$0	$6,547
CARLETON G TARPINIAN	DIRECTOR	1.00	Director	$9,957	$0	$9,957
MARIA VALENTINI-BRITO	DIRECTOR	1.00	Director	$8,507	$0	$8,507
JOHN CASCIANO	DIRECTOR	1.00	Director	$10,719	$0	$10,719
JOSEPH TIERNEY	DIRECTOR	1.00	Director	$7,296	$0	$7,296
ROBERT LOSI	DIRECTOR	1.00	Director	$8,837	$0	$8,837
MARTIN SCAFIDI	DIRECTOR	1.00	Director	$9,791	$0	$9,791
JOHN M POWERS	DIRECTOR	1.00	Director	$4,573	$0	$4,573
ANTHONY PACIULLI	PRESIDENT	40.00	Officer	$361,755	$0	$361,755
YARLIN DELAROSA	CFO	40.00	Officer	$96,306	$0	$96,306
SANJANA KUMAR	VP OF OPERATIONS	40.00	Officer	$81,578	$0	$81,578

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	$6,183,455	$5,667,423	$129,146,678	$516,032
2020	$3,753,355	$5,034,153	$117,976,564	$-1,280,798
2019	$4,612,455	$4,500,722	$105,907,823	$111,733
2018	$4,447,479	$4,186,237	$105,997,996	$261,242