NEW DIRECTIONS COMMUNITY CREDIT UNION

EIN: 251261615

FRANKLIN, PA

Total Revenue
$2,727,396
Total Expenses
$2,397,237
Total Assets
$37,660,430
Net Assets
$5,835,860
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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
PA
Principal Officer
KAREN BALDWIN
Phone
8144324091
Tax Period
2024-01-01 to 2024-12-31

NEW DIRECTIONS COMMUNITY CREDIT UNION, founded in 1974, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 12% surplus.

Mission

NEW DIRECTIONS COMMUNITY CREDIT UNION STRIVES TO PROVIDE OUR MEMBERS WITH AFFORDABLE PRODUCTS AND ESSENTIAL SERVICES THAT SIMPLIFY AND EMPOWER THEIR FINANCIAL JOURNEY.

Program Service Accomplishments

Program 1

THE CREDIT UNION SERVES 5,806 MEMBERS OFFERING LOW INTEREST LOANS, MINIMAL OR NO COST FINANCIAL SERVICES, AND HIGHER YIELDING RATES ON SAVINGS ACCOUNTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,220,151
Investment Income $448,393
Other Revenue $58,852
TOTAL REVENUE $2,727,396

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,000,574
Fundraising Expenses $0
Other Expenses $1,396,663
TOTAL EXPENSES $2,397,237

Year-over-Year Comparison

2024 2023 Change
Revenue $2,727,396 $2,512,444 +0.1%
Expenses $2,397,237 $2,244,336 +0.1%
Net Income $330,159 $268,108 +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

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Governance

Voting Members
7
Independent Members
N/A
Employees
20
Volunteers
9

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
2
$196,016
Total Directors
11
$200,216
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN BALDWIN CEO 40.00
Officer Director
$103,062 $7,839 $110,901
DAWN WHEELING OPERATIONS M 40.00
Officer Director
$79,059 $6,056 $85,115
LORELIE GRAHAM VICE CHAIRMA 2.00
Director
$700 $0 $700
DIANE KENDRICK SECRETARY/TR 2.00
Director
$700 $0 $700
TIMOTHY KERR SUPERV. COMM 2.00
Director
$650 $0 $650
STEVEN HUGHES DIRECTOR 2.00
Director
$600 $0 $600
NANCY HARTLE DIRECTOR 2.00
Director
$550 $0 $550
JOYCE LUTON CHAIRMAN 2.00
Director
$550 $0 $550
DARYL DEANGELIS SUPERV. COMM 2.00
Director
$300 $0 $300
MARY K SERAFIN SUPERV. COMM 2.00
Director
$100 $0 $100
SUSAN BIALO SUPERV. COMM 2.00
Director
$50 $0 $50
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 $2,727,396 $2,397,237 $37,660,430 $330,159
2023 $2,512,444 $2,244,336 $36,701,591 $268,108
2022 $2,688,911 $2,315,821 $38,968,547 $373,090
2021 $2,508,500 $2,350,663 $43,079,310 $157,837
2020 $2,286,020 $2,033,294 $40,345,015 $252,726
2019 $2,630,388 $2,873,652 $38,201,108 $-243,264
2018 $2,771,691 $2,533,360 $38,793,109 $238,331
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