HOMEFIELD 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

1966

Legal Domicile

Principal Officer

JULIE DELONG TRIPP

Phone

5088395493

Tax Period

2025-01-01 to 2025-12-31

HOMEFIELD CREDIT UNION, founded in 1966, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2025. Expenses of $8.2M left a modest 5% surplus.

Mission

TO PROVIDE A LIFETIME OF PERSONAL SERVICE THROUGH INNOVATIVE PRODUCTS AND QUALITY SERVICES, DELIVERED BY A TEAM OF DEDICATED PROFESSIONALS TO MEET THE FULL RANGE OF MEMBER NEEDS.

Program Service Accomplishments

Program 1

TO PROVIDE FINANCING FOR HOME AND BUSINESS LOANS, BOTH PURCHASE AND REFINANCE TRANSACTIONS. AS OF 12/31/25 THERE WERE 785 OF THESE LOANS ON THE BALANCE SHEET OF THE CREDIT UNION.

Program 2

TO PROVIDE DEPOSIT PRODUCTS FOR DAILY FINANCIAL NEEDS AS WELL AS INVESTMENT ALTERNATIVES. PRODUCTS INCLUDE CHECKING AND SAVING ACCOUNTS, CERTIFICATES OF DEPOSIT, IRA AND MONEY MARKET ACCOUNTS...

TO PROVIDE DEPOSIT PRODUCTS FOR DAILY FINANCIAL NEEDS AS WELL AS INVESTMENT ALTERNATIVES. PRODUCTS INCLUDE CHECKING AND SAVING ACCOUNTS, CERTIFICATES OF DEPOSIT, IRA AND MONEY MARKET ACCOUNTS. MEMBERS HAVE A TOTAL OF 10,153 DEPOSIT ACCOUNTS WITH THE CREDIT UNION AS OF 12/31/25.

Program 3

TO PROVIDE CONSUMER LOANS BOTH UNSECURED AND SECURED BY AUTOMOBILES, RV'S, ETC. AS OF 12/31/25 THERE WERE 3,125 OF THESE LOANS ON THE BALANCE SHEET OF THE CREDIT UNION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,779,376

Investment Income $785,995

Other Revenue $0

TOTAL REVENUE $8,565,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,002,111

Fundraising Expenses $0

Other Expenses $5,167,210

TOTAL EXPENSES $8,169,321

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,565,371	$8,601,896	0.0%
Expenses	$8,169,321	$8,512,403	0.0%
Net Income	$396,050	$89,493	+3.4%

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

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

$450,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW NELSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PETER CREPEAULT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BROOKE MELIA	CLERK	1.00	Officer Director	$0	$0	$0
ALBERT BONOFIGLIO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GUILFOYLE	DIRECTOR	1.00	Director	$0	$0	$0
SARGON HANNA	DIRECTOR	1.00	Director	$0	$0	$0
DREW MCGRADY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES PAVOLIS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE PISACANE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER M ZONA	DIRECTOR	1.00	Director	$0	$0	$0
KARL MOISAN	PRESIDENT & CEO	40.00	Officer	$220,838	$13,436	$234,274
JULIE DELONG TRIPP	EVP, CFO & COO	40.00	Officer	$196,573	$19,342	$215,915
KELLY BENOIT	SVP, COMPLIANCE & TRAINING	40.00	Highest	$108,711	$22,283	$130,994
SARAH MILLER	SVP, CLO	40.00	Highest	$148,821	$23,510	$172,331
CAROL BADGIS	VP, CONTROLLER	40.00	Highest	$111,842	$16,887	$128,729
DOUG LANZILLO	VP, BUSINESS DEVELOPMENT	40.00	Highest	$104,389	$22,123	$126,512
MAUREEN WOJNAR	SVP, INFORMATION SYSTEMS	40.00	Highest	$104,794	$22,253	$127,047

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
2025	$8,565,371	$8,169,321	$170,910,408	$396,050
2024	$8,601,896	$8,512,403	$176,157,011	$89,493
2023	$7,222,161	$7,387,854	$178,817,167	$-165,693
2022	$6,532,037	$5,770,550	$169,959,966	$761,487
2021	$6,345,260	$5,593,632	$166,016,469	$751,628
2020	$6,440,530	$5,778,831	$163,907,640	$661,699
2019	$6,282,794	$5,976,182	$154,325,921	$306,612
2018	$6,348,874	$5,818,766	$152,323,975	$530,108