MUNICIPAL CREDIT UNION (EIN 135261470) - 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

1916

Legal Domicile

Phone

2122383334

Tax Period

2023-07-01 to 2024-06-30

MUNICIPAL CREDIT UNION, founded in 1916, is a major nonprofit that reported $291.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $78.7M, a strong 27% operating margin.

Mission

TO BUILD LIFETIME FINANCIAL RELATIONSHIPS WITH EACH MEMBER, PROVIDING COMPETITIVE PRODUCTS AND EXCELLENT SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $279,960,804

Investment Income $11,386,809

Other Revenue $0

TOTAL REVENUE $291,347,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,151,137

Fundraising Expenses $0

Program Expenses $0

Other Expenses $143,501,236

TOTAL EXPENSES $212,652,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,347,613	$246,526,470	+0.2%
Expenses	$212,652,373	$178,986,619	+0.2%
Net Income	$78,695,240	$67,539,851	+0.2%

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

735

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

$4,530,685

Total Directors

Key Employees

$3,090,093

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAHMILA EDWARDS	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES SAUNDERS	BOARD SECRETARY/TREASURER	1.0	Director	$0	$0	$0
JIAN XIAO	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSEPH GARBA	BOARD MEMBER	1.0	Director	$0	$0	$0
MEISHA PORTER	BOARD VICE CHAIRPERSON	1.0	Director	$0	$0	$0
THOMAS CANTY	BOARD CHAIRMAN	1.0	Director	$0	$0	$0
ANDREW DAVID WELTMAN	GENERAL COUNSEL	40.0	Officer	$290,769	$14,888	$305,657
CANIA S INFANTE	CHIEF MARKETING OFFICER	40.0	Officer	$275,731	$13,644	$289,375
FRANCISCO MADEIRA	CHIEF FINANCIAL OFFICER	40.0	Officer	$477,280	$32,920	$510,200
GEORGE CHACON	CHIEF STRATEGY OFFICER	40.0	Officer	$432,432	$15,138	$447,570
JUAN LUNA	CHIEF INFORMATION OFFICER	40.0	Officer	$441,081	$15,138	$456,219
KYLE MARKLAND	CHIEF EXECUTIVE OFFICER	40.0	Officer	$1,402,700	$29,385	$1,432,085
MELISSA HARTZELL-GALILEO	CHIEF LENDING OFFICER, THRU 10/2023	40.0	Officer	$646,744	$15,910	$662,654
TONI-ANN SFORZA	CHIEF PEOPLE & EXPERIENCE OFFICER	40.0	Officer	$411,677	$15,248	$426,925
ATHENA MOORE	VICE PRESIDENT, COMMUNITY ENGAGEMENT	40.0	Key Emp	$240,000	$24,779	$264,779
CHRISTINA ZANCA	VICE PRESIDENT, MARKETING & PUBLIC RELATIONS	40.0	Key Emp	$218,699	$25,576	$244,275
CHRISTINE BERTAN	VICE PRESIDENT, LEARNING AND DEVELOPMENT	40.0	Key Emp	$235,380	$15,356	$250,736
HILARY GEWAIN	VICE PRESIDENT, ACCOUNTING	40.0	Key Emp	$240,000	$23,078	$263,078
KEVIN PORTER	VICE PRESIDENT, TRANSFORMATION THRU 07/2023	40.0	Key Emp	$163,828	$15,858	$179,686
KRISTI RODGERS	VICE PRESIDENT, IT OPERATIONS AND DEVELOPMENT	40.0	Key Emp	$236,345	$16,417	$252,762
LOUISE ANNE COGAN-RUPANI	VICE PRESIDENT, STRATEGIC ENABLEMENT	40.0	Key Emp	$210,087	$33,090	$243,177
MAHMOUD ELAYAN	VICE PRESIDENT, PAYMENTS	40.0	Key Emp	$193,157	$27,815	$220,972
ROBYN RUSSO	VICE PRESIDENT, CONSUMER LENDING	40.0	Key Emp	$238,749	$32,510	$271,259
RONALD LEE SWEARER	VICE PRESIDENT, REAL ESTATE	40.0	Key Emp	$205,000	$37,572	$242,572
SCOTT DEGUILO	VICE PRESIDENT,IT INFRASTRUCTURE & TECHNOLOGY	40.0	Key Emp	$216,980	$2,302	$219,282
STUART SALEMBIER	VICE PRESIDENT, RETAIL CHANNELS	40.0	Key Emp	$233,560	$15,351	$248,911
VIRGINIA WALTON	VICE PRESIDENT, ENTERPRISE RISK MANAGEMENT, THRU 09/2023	40.0	Key Emp	$177,808	$10,796	$188,604
JAMES GALLAGHER	DIRECTOR, BSA OFFICER	40.0	Highest	$198,599	$787	$199,386
SAMANTHA FERDINAND-DAVIS	DIRECTOR, COMPLIANCE OFFICER	40.0	Highest	$228,321	$32,667	$260,988
SREENIVAS RAYADURGAM	MANAGER, SYSTEMS DEVELOPMENT & PROGRAMMING	40.0	Highest	$210,826	$32,887	$243,713
VINCENT POLLIFRONE	MANAGER, NETWORK AND TELECOMMUNICATIONS	40.0	Highest	$182,566	$15,884	$198,450
VISHNU KANDHAI	DIRECTOR, INFORMATION SECURITY	40.0	Highest	$204,300	$33,056	$237,356

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	No data	No data	No data	No data
2024	$291,347,613	$212,652,373	$4,342,353,174	$78,695,240
2023	$246,526,470	$178,986,619	$4,233,162,589	$67,539,851
2022	$210,950,031	$138,602,371	$4,283,390,040	$72,347,660
2021	$220,924,766	$117,685,716	$4,195,909,598	$103,239,050
2019	$218,495,095	$301,226,540	$3,052,270,675	$-82,731,445
2018	$198,217,065	$186,889,680	$2,863,182,574	$11,327,385

MUNICIPAL CREDIT UNION