FIRST TRUST CREDIT UNION

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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

1959

Legal Domicile

Principal Officer

KIM KNIOLA

Phone

2198796161

Tax Period

2025-01-01 to 2025-12-31

FIRST TRUST CREDIT UNION, founded in 1959, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.2M, a strong 31% operating margin.

Mission

THE CREDIT UNION ANTICIPATES AND PROVIDES FINANCIAL NEEDS, WANTS, AND GOALS FOR OUR MEMBER-OWNERS, INCLUDING VARIOUS LOANS AT REASONABLE RATES AND SAVINGS ACCOUNTS WITH A GOOD RETURN.

Program Service Accomplishments

Program 1

Expenses: $7,142,217

FIRST TRUST CREDIT UNION OFFERS ITS MEMBERS LOW COST CONSUMER LOANS AND COMPETITIVE RATES ON REGULAR SAVINGS, CERTIFICATES OF DEPOSITS, IRA'S, MONEY MARKETS, AND CLUB ACCOUNTS,

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,219,016

Investment Income $5,011,240

Other Revenue $75,783

TOTAL REVENUE $10,306,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,474,179

Fundraising Expenses $0

Program Expenses $7,142,217

Other Expenses $4,668,038

TOTAL EXPENSES $7,142,217

Year-over-Year Comparison

	2025	2024	Change
Revenue	$10,306,039	$8,677,754	+0.2%
Expenses	$7,142,217	$6,360,165	+0.1%
Net Income	$3,163,822	$2,317,589	+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

N/A

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

$300,926

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA BECHINSKI	SECRETARY	1.00	Director	$0	$0	$0
JOHN HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MINK	TREASURER & VICE CHAIR	1.00	Director	$0	$0	$0
BOB TILLEMA	CHAIRMAN	1.00	Director	$0	$0	$0
JUDY WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN HARROW	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA JENKS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM KNIOLA	CEO	40.00	Officer	$211,551	$0	$211,551
DAN RAJSIC	CFO	40.00	Officer	$89,375	$0	$89,375

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
2025	$10,306,039	$7,142,217	$184,636,638	$3,163,822
2024	No data	No data	No data	No data
2023	$7,024,551	$5,398,512	$160,830,490	$1,626,039
2022	$6,159,987	$4,879,126	$171,651,792	$1,280,861
2021	$5,720,255	$4,596,075	$164,833,432	$1,124,180
2020	$5,692,292	$4,967,258	$145,639,941	$725,034
2019	$6,359,641	$4,685,134	$120,561,536	$1,674,507
2018	$5,604,639	$4,455,695	$113,720,963	$1,148,944