CONSUMERS CREDIT UNION (EIN 361936022) - Form 990 Financial Analysis & Trantor Score

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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

1930

Legal Domicile

Principal Officer

Sean Rathjen

Phone

8472655520

Tax Period

2024-01-01 to 2024-12-31

CONSUMERS COOPERATIVE CREDIT UNION, founded in 1930, is a mid-sized nonprofit that reported $80.3M in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $72.4M left a modest 10% surplus.

Mission

Consumers CU has been member owned since 1930. Currently we have 263,460 members. We provide lower loan rates, higher savings rates, lower fees and other financial services to our members to help them achieve their financial success. The People in your Corner.

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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 $207,102,916

Investment Income $48,238,238

Other Revenue $0

TOTAL REVENUE $255,341,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,670,773

Fundraising Expenses $0

Program Expenses $0

Other Expenses $196,385,264

TOTAL EXPENSES $244,056,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,341,154	$231,475,402	+0.1%
Expenses	$244,056,037	$207,747,094	+0.2%
Net Income	$11,285,117	$23,728,308	-0.5%

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

593

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

$2,316,420

Total Directors

Key Employees

$2,261,433

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean Rathjen	CEO	40	Officer Highest	$1,736,765	$27,278	$1,764,043
Michael Murphy	President	40	Highest	$1,061,330	$29,785	$1,091,115
Sean Bowers	CFO	40	Officer Highest	$526,231	$26,146	$552,377
Dan Nerroth	CIO/COO	40	Key Emp Highest	$498,071	$28,006	$526,077
Dave Valentine	Chief Experience Officer/CLO	40	Key Emp Highest	$444,745	$30,045	$474,790
Adam Saper	CLO	40	Key Emp Highest	$431,304	$9,457	$440,761
Cheryl Kubas	CPO	40	Key Emp Highest	$408,581	$7,537	$416,118
John Pawlowski	VP Accounting	4	Highest	$375,137	$29,815	$404,952
MaryFran Callahan	CRO	40	Key Emp Highest	$394,954	$8,733	$403,687
Christine Stotland	VP Retail Sales & Service	40	Highest	$321,874	$24,235	$346,109
Matt Hancock	VP Commercial	40	Highest	$329,988	$9,416	$339,404
Michael Cublic	VP Loans	40	Highest	$269,691	$19,555	$289,246
Scott Drabicki	Board of Director - Chairperson	5	Director	$0	$0	$0
John Fiore	Board of Director	2	Director	$0	$0	$0
Frank Soyka	Board of Director - Treasurer	3	Director	$0	$0	$0
Denise Charts	Board of Director - Secretary	3	Director	$0	$0	$0
Spiro Giotis	Board of Director	2	Director	$0	$0	$0
Kenneth Robinson	Board of Director - Supervisory Committee Chairperson	2	Director	$0	$0	$0
John Janezic	Board of Director	2	Director	$0	$0	$0
Francine Frankie Masi	Board of Director	2	Director	$0	$0	$0
William Attea	Board of Director	2	Director	$0	$0	$0
Spirdoula Mavrothalastis	Board of Director - At Large	3	Director	$0	$0	$0
Bob Hubberts	Board of Director - Finance Committee Chairperson	2	Director	$0	$0	$0
Saba Shibberu	Board of Director	2	Director	$0	$0	$0
Demar Harris	Board of Director - Vice Chairperson	3	Director	$0	$0	$0
James Mahnich Sr	Associate Director	2	Director	$0	$0	$0
George Abraham	Associate Director	2	Director	$0	$0	$0
Derek Christopher	Associate Director	2	Director	$0	$0	$0
Dr Angela Smith	Board of Director	2	Director	$0	$0	$0
David Kintz	Board of Director	2	Director	$0	$0	$0
Miten Champaneri	Associate Director	2	Director	$0	$0	$0
Melanie Meidel	Associate Director	2	Director	$0	$0	$0
James Roche	Nomination Committee	1	Director	$0	$0	$0
Tricia Strong	Committee Member	1	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
2025	No data	No data	No data	No data
2024	$255,341,154	$244,056,037	$4,031,564,182	$11,285,117
2023	$231,475,402	$207,747,094	$3,525,630,823	$23,728,308
2022	$171,749,526	$143,950,661	$3,048,444,854	$27,798,865
2021	$132,618,570	$114,323,821	$2,946,745,312	$18,294,749
2020	$113,230,664	$99,091,520	$2,616,679,000	$14,139,144
2019	$86,644,006	$78,103,211	$1,332,600,988	$8,540,795
2018	$80,250,079	$72,389,679	$1,231,505,462	$7,860,400

CONSUMERS CREDIT UNION