UTILITIES EMPLOYEES CREDIT UNION

EIN: 231278971

READING, PA

Total Revenue
$48,344,957
Total Expenses
$45,615,561
Total Assets
$1,290,454,642
Net Assets
$134,245,044
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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
1934
Legal Domicile
PA
Principal Officer
BRET KREVOLIN
Phone
6109274000
Tax Period
2023-01-01 to 2023-12-31

UTILITIES EMPLOYEES CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $48.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $45.6M left a modest 6% surplus.

Mission

UECU IS A NOT-FOR-PROFIT COOPERATIVE FINANCIAL INSTITUTION, OWNED BY ITS MEMBERS, OPERATED FOR THE PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES AND PROVIDING OTHER FINANCIAL SERVICES TO OUR MEMBERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $32,574,143
Investment Income $15,770,814
Other Revenue $0
TOTAL REVENUE $48,344,957

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,187,106
Fundraising Expenses $0
Other Expenses $33,428,455
TOTAL EXPENSES $45,615,561

Year-over-Year Comparison

2023 2022 Change
Revenue $48,344,957 $39,066,819 +0.2%
Expenses $45,615,561 $28,508,432 +0.6%
Net Income $2,729,396 $10,558,387 -0.7%
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

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Governance

Voting Members
9
Independent Members
8
Employees
114
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
6
$2,685,158
Total Directors
9
$1,290,179
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRET KREVOLIN PRESIDENT/CEO 50.00
Officer Director
$1,092,499 $52,180 $1,144,679
ALAN METZLER DIRECTOR 3.00
Director
$20,500 $0 $20,500
JOSEPH DEANE CHAIRPERSON 5.00
Director
$29,000 $0 $29,000
ANDREW KOEHLER DIRECTOR 3.00
Director
$18,000 $0 $18,000
THOMAS O'BRIEN VICE CHAIRPERSON 3.00
Director
$16,000 $0 $16,000
RICHARD BENSON DIRECTOR 3.00
Director
$18,000 $0 $18,000
JAQUANA MILES DIRECTOR 3.00
Director
$16,000 $0 $16,000
DAVID OKUWOBI DIRECTOR 3.00
Director
$15,000 $0 $15,000
KRISTINE PIZZO DIRECTOR 3.00
Director
$13,000 $0 $13,000
R SCOTT NEAVE VP IT & OPERATIONS 50.00
Officer
$321,974 $33,722 $355,696
JULIE WARD VP LENDING 50.00
Officer
$221,633 $34,394 $256,027
PHILLIP GEIGER VP/CFO 50.00
Officer
$290,444 $34,151 $324,595
TERRANCE LARKIN VP MEMBER EXPERIENCE 50.00
Officer
$262,170 $35,788 $297,958
JENNIFER EWING VP COMPLIANCE/GENERAL COUN 50.00
Officer
$276,185 $30,018 $306,203
KENNETH HEYDT CONTROLLER 50.00
Highest
$158,456 $28,232 $186,688
DAVID BOGART SR IT BUSINESS ANALYST 50.00
Highest
$149,699 $30,310 $180,009
JENNIFER POLOSKI COMPLIANCE OFFICER 50.00
Highest
$134,493 $10,743 $145,236
ERIC STEFFY IT NETWORK & OPER MGR 50.00
Highest
$138,252 $19,164 $157,416
GREG COSGROVE MARKETING MANAGER 50.00
Highest
$128,524 $5,284 $133,808
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 No data No data No data No data
2023 $48,344,957 $45,615,561 $1,290,454,642 $2,729,396
2022 $39,066,819 $28,508,432 $1,302,494,808 $10,558,387
2021 $35,402,889 $24,069,079 $1,413,911,583 $11,333,810
2020 $36,229,490 $29,690,904 $1,373,633,084 $6,538,586
2019 $39,533,831 $32,058,288 $1,240,523,769 $7,475,543
2018 $37,009,765 $26,853,242 $1,168,856,224 $10,156,523
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