CHAMPION 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

1942

Legal Domicile

Principal Officer

STEVEN GRINDLE

Phone

4194074140

Tax Period

2024-01-01 to 2024-12-31

CHAMPION CREDIT UNION INC, founded in 1942, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 6% surplus.

Mission

CHAMPION CREDIT UNION, INC. IS A MEMBER OWNED FINANCIAL COOPERATIVE WHOSE MISSION IS TO BE PROGRESSIVE IN PROVIDING THE BEST IN A FULL RANGE OF SERVICES TO OUR MEMBERS WHILE MAINTAINING FINANCIAL STABILITY.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 5,670.

Program 2

THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 2,485.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,600,636

Investment Income $703,372

Other Revenue $81,533

TOTAL REVENUE $3,385,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,103,048

Fundraising Expenses $0

Other Expenses $2,093,186

TOTAL EXPENSES $3,196,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,385,541	$2,944,818	+0.1%
Expenses	$3,196,234	$2,810,767	+0.1%
Net Income	$189,307	$134,051	+0.4%

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

$183,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN GRINDLE	CEO	40.00	Officer	$98,904	$85,024	$183,928
DAVID BOBAK	Director	1.00	Director	$0	$0	$0
SHERYL BIRCH	Director	1.00	Director	$0	$0	$0
JOHN EISENHAUER	Director	1.00	Director	$0	$0	$0
JILL SIEBERT	Director	1.00	Director	$0	$0	$0
TERRY BENTON	Chairman	1.00	Director	$0	$0	$0
AKRUM YOUSSEF	Director	1.00	Director	$0	$0	$0
JUDY BUCK	Secretary	1.00	Director	$0	$0	$0
DAVID SOWINSKI	Director	1.00	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	$3,385,541	$3,196,234	$70,478,903	$189,307
2024	$3,385,541	$3,196,234	$70,478,903	$189,307
2023	$2,944,818	$2,810,767	$70,800,395	$134,051
2022	$2,929,670	$2,589,650	$73,629,668	$340,020
2021	$2,266,652	$2,354,967	$74,818,652	$-88,315
2020	$2,325,830	$2,370,945	$66,256,158	$-45,115
2019	$2,613,776	$2,465,370	$54,050,569	$148,406
2018	$2,471,592	$2,380,419	$53,893,590	$91,173