ROCKFORD, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION, founded in 1942, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $196K, a strong 19% operating margin.
OUR PURPOSE IS TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS WITH COMPETITIVE RATES WHILE MAINTAINING OUR FINANCIAL STABILITY.
RECEIVED DEPOSITS ON SAVINGS FROM 2744 MEMBERS
PROVIDED CONSUMER LOANS TO 914 MEMBERS
PROVIDED HOME HOME EQUITY LINE OF CREDIT TO 32 MEMBERS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,013,090 | $944,416 | +0.1% |
| Expenses | $817,317 | $700,649 | +0.2% |
| Net Income | $195,773 | $243,767 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JODY MERNACK | PRESIDENT | 40 |
Key Emp
|
$89,165 | $13,527 | $102,692 |
| MARY OGDEN | SUPERVISORY MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| DAVID SAID | SUPERVISORY MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| KATRINA COSSEY | ALTERNATE BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| JEFF SCHRODER | MEMBERSHIP COMMITTEE CHAIRMAN | 1 |
Director
|
$0 | $0 | $0 |
| SHIRLEY FOLTZ | CREDIT COMMITTEE MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| KRISTIE BELLONE | SECRETARY | 1.0 |
|
$0 | $0 | $0 |
| CHARLES DOYLE | VICE CHAIRMAN | 1 |
|
$0 | $0 | $0 |
| STEVE CHAPMAN | TREASURER | 1 |
|
$0 | $0 | $0 |
| WALLIS PARSON | CHAIRMAN | 1 |
|
$0 | $0 | $0 |
| DUSTIN OBERBROECKLING | SUPERVISORY CHAIRMAN | 1 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,013,090 | $817,317 | $22,471,012 | $195,773 |
| 2023 | $944,416 | $700,649 | $24,296,840 | $243,767 |
| 2022 | $710,180 | $627,826 | $25,499,085 | $82,354 |
| 2021 | $667,786 | $594,696 | $25,842,710 | $73,090 |
| 2020 | $693,650 | $587,209 | $23,514,379 | $106,441 |
| 2019 | $758,324 | $596,960 | $19,855,511 | $161,364 |
| 2018 | $711,750 | $551,559 | $19,367,193 | $160,191 |
Compare ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION with other nonprofits in Illinois and across the country.