INDIANA UNIVERSITY CREDIT UNION

EIN: 350987917

Bloomington, IN

Total Revenue
$74,827,152
Total Expenses
$62,883,030
Total Assets
$1,671,616,966
Net Assets
$1,504,364,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
IN
Principal Officer
Bryan W Price
Phone
8128557823
Tax Period
2023-01-01 to 2023-12-31

INDIANA UNIVERSITY CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $74.8M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 16% operating margin.

Mission

State chartered credit union

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $66,911,316
Investment Income $7,898,938
Other Revenue $16,898
TOTAL REVENUE $74,827,152

Expense Breakdown

Grants Paid $43,000
Salaries & Benefits $19,257,798
Fundraising Expenses $0
Program Expenses $0
Other Expenses $43,582,232
TOTAL EXPENSES $62,883,030

Year-over-Year Comparison

2023 2022 Change
Revenue $74,827,152 $56,693,244 +0.3%
Expenses $62,883,030 $40,838,577 +0.5%
Net Income $11,944,122 $15,854,667 -0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
239
Volunteers
16

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
7
$2,672,050
Total Directors
11
$7,432
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bryan W Price President and CEO 40
Officer
$744,849 $79,701 $824,550
Andrew Allard SVP, Chief Operating Officer 40
Officer
$309,757 $64,388 $374,145
Chris Hawk SVP, CFO 40
Officer
$278,133 $61,476 $339,609
Julie Ragsdale SVP, Chief Administrative Officer 40
Officer
$284,116 $52,697 $336,813
Sarah Rogers SVP Business Services 40
Officer
$234,361 $56,752 $291,113
David Sipes SVP Chief Marketing Officer 40
Officer
$214,852 $43,093 $257,945
Teddie Gambler SVP Chief Information Officer 40
Officer
$212,757 $35,118 $247,875
Anthony Rastall VP Business Services 40
Highest
$159,013 $49,577 $208,590
Amy Doan VP Business Services 40
Highest
$155,541 $37,595 $193,136
Trish Ierino VP Sales and Service 40
Highest
$141,648 $38,539 $180,187
Lori Forrester VP Member Service Support 40
Highest
$140,262 $38,379 $178,641
Scott Trilling VP Business Services 40
Highest
$167,704 $8,094 $175,798
Neil Powell Board Treasurer 2
Director
$1,907 $0 $1,907
Doris Sims Board Chair 4.00
Director
$1,686 $0 $1,686
Brad Heim Board Vice Chair 2
Director
$1,439 $0 $1,439
Scott Smart Director 2
Director
$1,346 $0 $1,346
Shatoyia Moss Director 2
Director
$1,054 $0 $1,054
Jon Barada Board Secretary 2
Director
$0 $0 $0
Dennis Cromwell Board Past Chair 2
Director
$0 $0 $0
Kim Milford Director 2
Director
$0 $0 $0
Veda Walcott Director 2
Director
$0 $0 $0
Denvil Duncan Director 2
Director
$0 $0 $0
Andrea Mobley Director 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 $74,827,152 $62,883,030 $1,671,616,966 $11,944,122
2022 $56,693,244 $40,838,577 $1,565,475,253 $15,854,667
2021 $50,961,193 $35,685,902 $1,518,070,335 $15,275,291
2020 $48,794,263 $37,718,462 $1,349,340,515 $11,075,801
2019 $48,949,808 $38,340,651 $1,144,998,039 $10,609,157
2018 $45,318,251 $32,911,597 $998,123,805 $12,406,654
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