ACHIEVE CREDIT UNION INC

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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

1958

Legal Domicile

Principal Officer

Bret J Fisher-CEO

Phone

4403243400

Tax Period

2023-01-01 to 2023-12-31

ACHIEVE CREDIT UNION INC, founded in 1958, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 17% operating margin.

Mission

It is the mission of Achieve Credit Union, Inc. to exceed expectations with superior service and products that will promote members' financial success, while operating in a financially sound, ethical manner.

Program Service Accomplishments

Program 1

Dividends and interest paid to members on approximately 21,030 deposit accounts held by approximately 11,100 members.

Program 2

Direct labor and employee benefit costs incurred providing savings deposit services, originating new loans and servicing the loan portfolio for members.

Program 3

Data processing costs incurred recording member account activity and providing access to members to their accounts via home banking, ATM networks and in person at the credit union offices.

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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 $4,936,183

Investment Income $2,984,391

Other Revenue $1,200

TOTAL REVENUE $7,921,774

Expense Breakdown

Grants Paid $6,677

Salaries & Benefits $2,856,524

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,169,177

TOTAL EXPENSES $6,599,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,921,774	$6,076,908	+0.3%
Expenses	$6,599,545	$5,541,739	+0.2%
Net Income	$1,322,229	$535,169	+1.5%

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

$298,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bret J Fisher	CEO	40	Officer	$117,459	$33,797	$151,256
Karen S Akers	CFO	40	Officer	$130,323	$17,365	$147,688
Henry Harsar	Chair of Board	2	Director	$0	$0	$0
Henry Patterson	Director/Vice Chair of Board	2	Director	$0	$0	$0
Andrew Lingler	Director	2	Director	$0	$0	$0
Leo Citro	Director	2	Director	$0	$0	$0
Karen Norton	Director/Secretary of Board	2	Director	$0	$0	$0
Deborah Conner	Director	2	Director	$0	$0	$0
Jessica Wolfram	Director/Treasurer	2	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	$7,921,774	$6,599,545	$167,380,151	$1,322,229
2022	$6,076,908	$5,541,739	$176,055,244	$535,169
2021	$5,650,758	$5,234,482	$183,623,838	$416,276
2020	$5,316,007	$5,722,026	$179,467,172	$-406,019
2019	$6,439,402	$6,033,811	$156,795,908	$405,591
2018	$5,992,618	$5,141,691	$149,558,521	$850,927