CFCU COMMUNITY CREDIT UNION (EIN 150574036) - 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

1953

Legal Domicile

Principal Officer

LISA WHITAKER

Phone

6072578500

Tax Period

2024-01-01 to 2024-12-31

CFCU COMMUNITY CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $72.9M in total revenue in fiscal year 2024. Expenses of $69.9M left a modest 4% surplus.

Mission

WE ARE A FULL SERVICE FINANCIAL INSTITUTION PROVIDING FINANCIAL AND BANKING SERVICES TO OUR MEMBERS. THE CREDIT UNION OFFERS SAVINGS, CHECKING, MONEY MARKET AND CERTIFICATE SHARE ACCOUNTS AS WELL AS 1ST AND 2ND MORTGAGES, AUTO, UNSECURED, AND MEMBER BUSINESS LOANS.

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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 $62,221,141

Investment Income $10,659,285

Other Revenue $0

TOTAL REVENUE $72,880,426

Expense Breakdown

Grants Paid $50,900

Salaries & Benefits $29,345,843

Fundraising Expenses $0

Other Expenses $40,455,851

TOTAL EXPENSES $69,852,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,880,426	$67,762,641	+0.1%
Expenses	$69,852,594	$63,774,056	+0.1%
Net Income	$3,027,832	$3,988,585	-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

300

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

$13,053,818

Total Directors

$11,429,939

Key Employees

$1,214,119

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA WHITAKER	PRESIDENT/CEO, BOARD MEMBE	40.00	Officer Director	$11,380,370	$49,569	$11,429,939
ROBERT CREE	BOARD TREASURER	1.50	Director	$0	$0	$0
KATIE G FOLEY	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
BLIXY TAETZSCH	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
AMY L WOOD GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MINER	BOARD SECRETARY	1.00	Director	$0	$0	$0
DANA DECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE JORDAN	SUPERVISORY COMMITTEE- SECRETARY	1.00	Director	$0	$0	$0
SUSAN SCHATTSCHNEIDER	SUPERVISORY COMMITTEE- CHAIRPERSON	1.00	Director	$0	$0	$0
GREG MEZEY	SUPERVISORY COMMITTEE- MEMBER	1.00	Director	$0	$0	$0
DOUGLAS NORTH	SUPERVISORY COMMITTEE- MEMBER	1.00	Director	$0	$0	$0
PAUL KIRK	COO/CFO	40.00	Officer	$553,825	$578,323	$1,132,148
WILLIAM CRANE	CHIEF PRODUCTION OFFICER	40.00	Officer	$432,852	$58,879	$491,731
CATHERINE ALOI	CHIEF LENDING OFFICER	40.00	Key Emp	$389,795	$50,534	$440,329
ELIZA MULHERN	CHIEF RISK OFFICER	40.00	Key Emp	$370,122	$64,098	$434,220
MALLORIE DAVID	CHIEF PEOPLE OFFICER	40.00	Key Emp	$300,218	$39,352	$339,570
SARAH TOMEI	VP FINANCE/CONTROLLER	40.00	Highest	$298,099	$53,655	$351,754
MATTHEW DUSO	VP INFORMATION TECHNOLOGY	40.00	Highest	$257,327	$36,432	$293,759
JENNIFER CARLTON-COOPER	VP ELECTRONIC SERVICES	40.00	Highest	$261,713	$37,742	$299,455
CHRISTINE WERNER	VP MORTGAGE OPERATIONS	40.00	Highest	$266,679	$36,398	$303,077
FRANK TORELLI	WEALTH ADVISOR	40.00	Highest	$252,241	$37,610	$289,851

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	$72,880,426	$69,852,594	$1,435,561,618	$3,027,832
2023	$67,762,641	$63,774,056	$1,453,307,859	$3,988,585
2022	$56,840,108	$49,546,264	$1,485,148,651	$7,293,844
2021	$48,162,999	$41,777,947	$1,377,118,677	$6,385,052
2020	$48,155,483	$43,736,336	$1,233,869,792	$4,419,147
2019	$55,899,350	$44,738,349	$1,092,445,230	$11,161,001
2018	$51,082,653	$39,670,011	$1,061,547,893	$11,412,642

CFCU COMMUNITY CREDIT UNION