EMPEOPLE 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

1935

Legal Domicile

Principal Officer

Heidi Wulf

Phone

3097431000

Tax Period

2025-01-01 to 2025-12-31

EMPEOPLE CREDIT UNION, founded in 1935, is a major nonprofit in the Public & Societal Benefit sector that reported $154.9M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $143.8M left a modest 7% surplus.

Mission

Credit Union operated for mutual purpose

Program Service Accomplishments

Program 1

Provided 8,452 consumer loans to members.

Program 2

Provided 2,317 first and second mortgage loans to members

Program 3

Opened 4,505 new member share 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 $104,792,735

Investment Income $14,771,857

Other Revenue $35,300,163

TOTAL REVENUE $154,864,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,853,884

Fundraising Expenses $0

Program Expenses $0

Other Expenses $102,994,865

TOTAL EXPENSES $143,848,749

Year-over-Year Comparison

	2025	2024	Change
Revenue	$154,864,755	$142,621,815	+0.1%
Expenses	$143,848,749	$137,465,631	+0.0%
Net Income	$11,016,006	$5,156,184	+1.1%

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

311

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

$5,994,303

Total Directors

Key Employees

$6,196,730

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kurt Lewin	President	40	Officer Key Emp	$2,704,392	$0	$2,704,392
Renee Vandewoestyne	Chief Admin Officer	40	Officer Key Emp	$465,251	$0	$465,251
Ryan Cannady	Chief Retail Officer	40	Officer Key Emp	$465,251	$0	$465,251
Heidi Wulf	Chief Financial Officer	40	Officer Key Emp	$438,464	$0	$438,464
Peter Sedgwick	Chief Information & Risk Officer	40	Officer Key Emp	$422,595	$0	$422,595
Joseph Witherwax	Chief Technology Officer	40	Officer Key Emp	$393,063	$0	$393,063
Brad Johannes	VP, Wealth Management	40	Highest	$354,502	$0	$354,502
Tim Tibbals	Chief Data Officer	40	Officer Key Emp	$305,133	$0	$305,133
Benjamin Nickel	VP, Sales Success	40	Highest	$304,880	$0	$304,880
Chris Kobliska	VP, Consumer Sales	40	Highest	$301,089	$0	$301,089
Tyler Vancamp	Chief Info Security OFC	40	Officer Key Emp	$290,284	$0	$290,284
Allison Videtti	Chief Marketing Officer	40	Officer Key Emp	$286,263	$0	$286,263
Ellie Larson	VP, Member Services & Payment Operations	40	Highest	$282,821	$0	$282,821
Julie Foy	VP, Member Development	40	Highest	$266,767	$0	$266,767
Ryan Mueller	Market President, TSB & Chief Lending Officer	40	Officer Key Emp	$223,607	$0	$223,607
Jeff Gallery	Chief Lending Officer	40	Key Emp	$202,427	$0	$202,427
Scott Hany	Chair	1	Director	$0	$0	$0
Denver Caldwell	Vice Chair	1	Director	$0	$0	$0
Heather Bishop	Secretary	1	Director	$0	$0	$0
Chistopher James	Supervisory Committee Chair	1	Director	$0	$0	$0
Sam Novick	Board Member	1	Director	$0	$0	$0
Jeff Richards	Board Member	1	Director	$0	$0	$0
Megan Wheelock	Board Member	1	Director	$0	$0	$0
Allison Behrens	Board Member	1	Director	$0	$0	$0
Sarah Schutte	Board 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	$154,864,755	$143,848,749	$2,279,898,142	$11,016,006
2024	No data	No data	No data	No data
2023	$129,009,062	$121,891,553	$1,992,512,924	$7,117,509
2022	$98,666,106	$87,664,688	$1,985,157,506	$11,001,418
2021	$82,112,773	$66,777,645	$1,799,657,083	$15,335,128
2020	$68,800,220	$58,107,874	$1,363,463,566	$10,692,346
2018	$51,717,341	$43,061,131	$1,039,065,095	$8,656,210