MASSILLON, OH
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)FRIENDS AND FAMILY CREDIT UNION, founded in 1958, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 11% surplus.
THE FRIENDS AND FAMILY CREDIT UNION WAS FOUNDED IN 1958 TO SERVE THE FINANCIAL NEEDS OF EMPLOYEES OF THE MASSILLON SCHOOL SYSTEM. IN 2001, THE CREDIT UNION BECAME A COMMUNITY CHARTER CREDIT UNION. NOW, ALL BUSINESSES, INDIVIDUALS AND THEIR FAMILIES WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN STARK COUNTY, OH ARE ELIGIBLE TO JOIN. FRIENDS AND FAMILY CREDIT UNION IS A FULL-SERVICE FINANCIAL INSTITUTION. THE FRIENDLY STAFF IS FULLY COMMITTED TO SERVICING ITS MEMBERSHIP. THE MEMBERS ARE OWNERS OF THE CREDIT UNION. PROFITS ARE RETURNED TO MEMBERS IN THE FORM OF HIGHER INTEREST ON SAVINGS, LOWER INTEREST RATES ON LOANS AND LOWER SERVICE FEES. MEMBERS ALSO ELECT A VOLUNTEER BOARD OF DIRECTORS THAT SET THE POLICIES FOR THE CREDIT UNION.
MEMBER LOANS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF LOANS IN THE FOLLOWING CATEGORIES: AUTOMOBILE LOANS, MORTGAGE...
MEMBER LOANS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF LOANS IN THE FOLLOWING CATEGORIES: AUTOMOBILE LOANS, MORTGAGE LOANS, UNSECURED LOANS, REAL ESTATE LOANS, AND OTHER VARIOUS TYPES. AS OF YEAR END, THE CREDIT UNION HAD 5,944 LOANS OUTSTANDING.
DEPOSITORY ACCOUNTS - THE CREDIT UNION STRIVES TO PROVIDE ITS 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 ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF DEPOSITORY ACCOUNTS. THE CREDIT UNION CURRENTLY OFFERS DEPOSITORY ACCOUNTS IN VARIETIES SUCH AS DRAFT ACCOUNTS, CHECKING ACCOUNTS, SAVINGS ACCOUNTS, CERTIFICATE OF DEPOSIT ACCOUNTS, INDIVIDUAL RETIREMENT ACCOUNTS, MONEY MARKET ACCOUNTS, AND OTHER VARIOUS TYPES. AS OF THE YEAR END, THE THERE WERE 19,082 DEPOSITORY ACCOUNTS HELD AT THE CREDIT UNION.
DEBIT CARD PROGRAM - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH THE ALLOWANCE OF A DEBIT CARD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,925,757 | $5,349,694 | +0.1% |
| Expenses | $5,265,346 | $4,947,667 | +0.1% |
| Net Income | $660,411 | $402,027 | +0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JIM TRINER | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE LOUDIANA | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELVILLE MAIER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GARY LUCAS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL ZIEGELHOFER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BILL HAMIT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY ROSS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JEANNA COSTANZO | CEO | 40.00 |
Officer
|
$111,040 | $18,693 | $129,733 |
| HEIDI MASON | CFO | 40.00 |
Officer
|
$75,309 | $16,743 | $92,052 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $5,925,757 | $5,265,346 | $107,222,741 | $660,411 |
| 2023 | $5,349,694 | $4,947,667 | $107,654,308 | $402,027 |
| 2022 | $4,365,367 | $4,078,337 | $109,610,235 | $287,030 |
| 2021 | $4,173,770 | $4,032,498 | $105,337,357 | $141,272 |
| 2020 | $4,333,495 | $4,200,298 | $101,721,634 | $133,197 |
| 2019 | $4,491,289 | $4,294,097 | $95,255,119 | $197,192 |
| 2018 | $4,085,631 | $3,937,539 | $92,592,542 | $148,092 |
Compare FRIENDS AND FAMILY CREDIT UNION with other nonprofits in Ohio and across the country.