Fairlawn, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)138 TOWPATH CREDIT UNION INC, founded in 1936, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $10.6M left a modest 9% surplus.
Towpath Credit Union provides competitive and secure financial products and services to qualified members. Mission Statement - We will deliver the best member experience while improving the financial wellness of our communities.
Member Loans - The Credit Union strives to provide members with financial flexibility and stability with various types of loans in following categories: automobile loans, share secured loans...
Member Loans - The Credit Union strives to provide members with financial flexibility and stability with various types of loans in following categories: automobile loans, share secured loans, unsecured loans, business participation loans, mortgage loans, real estate loans, personal loans, credit cards and various other types. At year end, the credit union had approximately 13,460 loans outstanding.
Depository Accounts - The Credit Union strives to provide members with financial flexibility and encourage savings with various types of depository accounts. The Credit Union currently offers...
Depository Accounts - The Credit Union strives to provide members with financial flexibility and encourage savings with various types of depository accounts. The Credit Union currently offers depository accounts in varieties such as checking accounts, savings accounts, money market accounts, certificates of deposit accounts, IRA accounts, Holiday accounts and various other types. At year end, there were approximately 43,862 depository accounts held at the Credit Union.
Debit Card Program - The Credit Union strives to provide members with financial flexibility, security, and convenient access to their funds by issuing debit cards.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $11,618,297 | $8,942,681 | +0.3% |
| Expenses | $10,590,911 | $8,426,996 | +0.3% |
| Net Income | $1,027,386 | $515,685 | +1.0% |
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 |
|---|---|---|---|---|---|---|
| Michael Sferro | President/CEO | 40 |
Officer
Key Emp
Highest
|
$152,609 | $0 | $152,609 |
| Kathryn Lee | EVP/CHRO | 40 |
Officer
|
$104,366 | $0 | $104,366 |
| Melissa Dawson | EVP/CFO | 40 |
Officer
|
$103,571 | $0 | $103,571 |
| Jeremy Wascak | SVP/CSO | 40 |
Officer
|
$101,357 | $0 | $101,357 |
| Lester Carney | Chairman | 1 |
Director
|
$0 | $0 | $0 |
| Ernest Steele | Vice Chairman | 1 |
Director
|
$0 | $0 | $0 |
| Marcella Grande | Treasurer | 1 |
Director
|
$0 | $0 | $0 |
| Judi Hill | Secretary | 1 |
Director
|
$0 | $0 | $0 |
| John Crockett | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| James Talley | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Kelly Peters | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $11,618,297 | $10,590,911 | $198,013,463 | $1,027,386 |
| 2022 | $8,942,681 | $8,426,996 | $191,683,820 | $515,685 |
| 2021 | $7,800,113 | $7,248,682 | $178,726,504 | $551,431 |
| 2020 | $7,391,287 | $7,041,391 | $155,193,622 | $349,896 |
| 2019 | $8,203,326 | $7,255,182 | $131,344,949 | $948,144 |
| 2018 | $8,170,867 | $6,976,229 | $127,845,477 | $1,194,638 |
Compare 138 TOWPATH CREDIT UNION INC with other nonprofits in Ohio and across the country.