Dayton, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)993 FREEDOM FIRST CREDIT UNION INC, founded in 1961, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 11% surplus.
Freedom 1st Credit Union, Inc. as a member owned and directed financial institution is dedicated to serving the present and future financial needs of our members, through cost effective financial services consistent with co-operative principles, applicable legislation and sound management.
Loan products offered by the credit union includes unsecured loans, new & used vehicle loans, recreational vehicle loans, and share secured loans. The credit union granted 901 loans in 2022 totaling...
Loan products offered by the credit union includes unsecured loans, new & used vehicle loans, recreational vehicle loans, and share secured loans. The credit union granted 901 loans in 2022 totaling $17,827,716 at competitive loan rates. Loans increased 17.00 percent in 2022.
The credit union services their 7,717 members by providing deposit services including regular share and club accounts, share draft accounts, money market shares, share certificates and IRA accounts...
The credit union services their 7,717 members by providing deposit services including regular share and club accounts, share draft accounts, money market shares, share certificates and IRA accounts. Shares increased 0.60 percent in 2022. The credit union started Remote Deposit Capture in 2022.
The credit union paid competitive dividends in 2022 on the 9,408 share accounts, money market shares, share certificates and IRA accounts held by the credit union's 7,717 members.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $2,251,439 | $2,000,560 | +0.1% |
| Expenses | $2,006,773 | $1,780,335 | +0.1% |
| Net Income | $244,666 | $220,225 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Deborah DeVous | CEO | 40.0 |
Highest
|
$105,132 | $0 | $105,132 |
| Shari L Fowler | Director | 0.75 |
Officer
Director
|
$0 | $0 | $0 |
| Charlene Nuse | Board Secretary | 0.75 |
Officer
Director
|
$0 | $0 | $0 |
| Jennie Kaltenback | Board Treasurer | 0.75 |
Officer
Director
|
$0 | $0 | $0 |
| Chelsea M Hoelzle | Board Vice Chairperson | 0.75 |
Officer
Director
|
$0 | $0 | $0 |
| Chad Rother | Board Chairperson | 0.75 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $2,251,439 | $2,006,773 | $55,919,313 | $244,666 |
| 2021 | $2,000,560 | $1,780,335 | $55,045,256 | $220,225 |
| 2020 | $2,027,220 | $1,794,662 | $50,405,240 | $232,558 |
| 2019 | $2,141,969 | $1,740,942 | $37,331,087 | $401,027 |
| 2018 | $1,902,986 | $1,600,897 | $36,383,322 | $302,089 |
Compare 993 FREEDOM FIRST CREDIT UNION INC with other nonprofits in Ohio and across the country.