CUYAHOGA FALLS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)1129 FALLS CATHOLIC CREDIT UNION, founded in 1957, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $701K, a strong 24% operating margin.
POOL MEMBER FINANCIAL RESOURCES IN ORDER TO PROVIDE FUNDS FOR LOANS AND VARIOUS FINANCIAL SERVICES WHICH ARE AVAILABLE TO ANYONE WITHIN THE MEMBERSHIP BASE. FALLS CATHOLIC CREDIT UNION IS DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR THE MEMBERSHIP BY PROVIDING A FULL RANGE OF FINANCIAL SERVICES WHILE MAINTAINING CUSTOMER SATISFACTION, GROWTH AND STABILITY.
OUR PRIMARY SERVICE IS LENDING AND THE REVENUE THAT WE RECEIVE IS IN THE FORM OF INTEREST AND FEES ON LOANS. THE FUNDS THAT WE LOAN OUT ARE THOSE THAT HAVE BEEN DEPOSITED BY OUR MEMBERS SO THE...
OUR PRIMARY SERVICE IS LENDING AND THE REVENUE THAT WE RECEIVE IS IN THE FORM OF INTEREST AND FEES ON LOANS. THE FUNDS THAT WE LOAN OUT ARE THOSE THAT HAVE BEEN DEPOSITED BY OUR MEMBERS SO THE EXPENSES--THE COST OF THESE FUNDS--ARE THE DIVIDENDS THAT WE PAY ON THESE DEPOSITS PLUS ANY INTEREST THAT WE PAY ON FUNDS THAT WE NEED TO BORROW.
WE ALSO OFFER SHARE DRAFT-CHECKING ACCOUNT WITH ATM CARDS AND MASTERCARD DEBIT CARDS. WE RECEIVE REVENUE FROM THE MEMBERS BY PROVIDING THESE SERVICES-- AND INCUR COSTS AS WELL.
WE ALSO DERIVE INCOME FROM FEES RELATED TO THE FINANCIAL SERVICES WE OFFER OUR 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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,974,977 | $2,065,973 | +0.4% |
| Expenses | $2,273,497 | $1,631,174 | +0.4% |
| Net Income | $701,480 | $434,799 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| TERRENCE STEEL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL BURNS | CHAIRMAN | 1.00 |
Officer
Director
|
$775 | $0 | $775 |
| NICHOLAS HILL | BOARD MEMBER | 1.00 |
Officer
Director
|
$925 | $0 | $925 |
| ABRAHAM BRANNAN | BOARD MEMBER | 1.00 |
Director
|
$600 | $0 | $600 |
| SUE FIGLER | BOARD MEMBER | 1.00 |
Director
|
$650 | $0 | $650 |
| SEAN WILSON | VICE CHAIRMAN | 1.00 |
Director
|
$675 | $0 | $675 |
| OLIVIA BLATT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI STOTT | VICE PRESIDENT | 40.00 |
Officer
|
$73,123 | $0 | $73,123 |
| BILL LAMBACHER | COMPTROLLER | 40.00 |
Officer
|
$72,179 | $0 | $72,179 |
| MATTHEW MECURIO | PRESIDENT/CEO | 40.00 |
Officer
|
$126,260 | $0 | $126,260 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,974,977 | $2,273,497 | $53,212,711 | $701,480 |
| 2022 | $2,065,973 | $1,631,174 | $54,602,519 | $434,799 |
| 2021 | $1,674,113 | $1,404,090 | $54,348,002 | $270,023 |
| 2020 | $1,906,479 | $1,686,520 | $49,602,486 | $219,959 |
| 2019 | $2,122,968 | $1,640,873 | $43,410,986 | $482,095 |
| 2018 | $2,020,127 | $1,746,087 | $43,696,747 | $274,040 |
Compare 1129 FALLS CATHOLIC CREDIT UNION with other nonprofits in Ohio and across the country.