Affiliated Trades 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

1974

Legal Domicile

Principal Officer

Brian Bischof

Phone

6104890161

Tax Period

2023-01-01 to 2023-12-31

Affiliated Trades Credit Union, founded in 1974, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 16% operating margin.

Mission

Providing low cost financial services for members of IBEW LU 98 North, retired members of IBEW LU 380, and their families.

Program Service Accomplishments

Program 1

Providing low interest loans to members. We loaned a total of $4.76 million to our membership in 2023 We have outstanding $14.955 million in loans to our membership at an average yield of 5.79%.

Program 2

Providing financial services to members to promote financial responsibility and financial freedom. The credit union strives to provide access to funds with efficiency and convenience with minimal...

Providing financial services to members to promote financial responsibility and financial freedom. The credit union strives to provide access to funds with efficiency and convenience with minimal fees. As of December 31, 2023 we held $11.05 million in share certificates for our members with an average yield of 3.772%. Our members have an additional $20.59 million on deposit with our credit union in regular share accounts, money market accounts, share draft accounts, and IRAs.

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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 $847,509

Investment Income $441,637

Other Revenue $2,806

TOTAL REVENUE $1,291,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,605

Fundraising Expenses $0

Program Expenses $0

Other Expenses $733,182

TOTAL EXPENSES $1,082,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,291,952	$971,068	+0.3%
Expenses	$1,082,787	$799,386	+0.4%
Net Income	$209,165	$171,682	+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

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

$170,029

Total Directors

$27,194

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian C Bischof	CEO	40	Officer	$112,736	$30,099	$142,835
John A Keslick Sr	President	11	Officer Director	$24,499	$2,695	$27,194
Jere D Reedinger	Vice President	2	Officer Director	$0	$0	$0
Eugene Stewart	Director	2	Director	$0	$0	$0
Michael E Depaoli	Treasurer	2	Officer Director	$0	$0	$0
John D Silvestre	Secretary	2	Officer Director	$0	$0	$0

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	$1,291,952	$1,082,787	$35,509,965	$209,165
2022	$971,068	$799,386	$36,040,377	$171,682
2021	$763,748	$769,036	$35,726,316	$-5,288
2020	$861,279	$865,762	$34,320,671	$-4,483
2019	$1,006,630	$942,431	$31,010,198	$64,199
2018	$925,617	$808,278	$29,719,101	$117,339