CREDIT UNION 1 (EIN 370767435) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

SCOTT MCDONALD

Phone

8002526950

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNION 1, founded in 1958, is a major nonprofit that reported $107.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $103.2M left a modest 4% surplus.

Mission

CREDIT UNION 1 IS A MEMBER-OWNED AND CONTROLLED FINANCIAL INSTITUTION DEDICATED TO PROVIDING CONVENIENT AND COMPETITIVE SERVICES AS A MEANS OF IMPROVING ONGOING ECONOMIC WELL-BEING OF OUR MEMBERS WHILE PROMOTING GROWTH AND MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,932,856

Investment Income $27,284,110

Other Revenue $21,098,921

TOTAL REVENUE $107,315,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,350,470

Fundraising Expenses $0

Other Expenses $68,854,813

TOTAL EXPENSES $103,205,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,315,887	$98,062,927	+0.1%
Expenses	$103,205,283	$88,205,293	+0.2%
Net Income	$4,110,604	$9,857,634	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

497

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

$3,281,220

Total Directors

$1,079,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT EBERHARDT	DIRECTOR - CHAIR	2.00	Officer Director	$21,600	$26,923	$48,523
DAN LONG	DIRECTOR	2.00	Director	$14,400	$11,205	$25,605
JASON REX TOLLIVER	DIRECTOR	2.00	Director	$14,400	$384	$14,784
THOMAS WELLS JR	DIRECTOR - SECRETARY	2.00	Officer Director	$14,400	$11	$14,411
KENT YAGER	DIRECTOR	2.00	Director	$14,400	$11,205	$25,605
PAUL SIMONS	DIRECTOR	2.00	Director	$14,400	$4	$14,404
TODD GUNDERSON	CEO/PRESIDENT/DIRECTOR	40.00	Officer Director	$852,631	$55,019	$907,650
HALLIE OLSEN	DIRECTOR	2.00	Director	$14,400	$4	$14,404
DAVID THURSTON	DIRECTOR - VICE CHAIR	2.00	Director	$14,400	$4	$14,404
PAUL FICHTER	CHIEF LEGAL COUNSEL	40.00	Officer	$447,201	$55,019	$502,220
MICHAEL HIRT	SVP, CHIEF TECHNOLOGY OFFI	40.00	Officer	$356,155	$51,694	$407,849
SCOTT MCDONALD	EVP, CHIEF FINANCIAL OFFIC	40.00	Officer	$439,437	$55,019	$494,456
JEFF LYLE ROTHMEYER	CHIEF LENDING OFFICER	40.00	Officer	$444,509	$54,867	$499,376
MICHAEL ECK	CHIEF MARKETING OFFICER	40.00	Officer	$360,447	$46,288	$406,735

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	$107,315,887	$103,205,283	$1,873,446,949	$4,110,604
2023	$98,062,927	$88,205,293	$1,699,028,667	$9,857,634
2022	$74,221,901	$64,352,203	$1,585,978,393	$9,869,698
2021	$72,991,911	$59,187,636	$1,226,789,437	$13,804,275
2020	$61,895,810	$54,861,066	$1,171,433,354	$7,034,744
2019	$59,629,366	$51,607,748	$958,631,700	$8,021,618
2018	$50,527,357	$44,142,088	$845,293,551	$6,385,269

CREDIT UNION 1