GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)CREDIT UNIONS CHARTERED IN MI AAC CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 19% operating margin.
PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS
THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/24 WAS 14,721.
THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/24 WAS 8,205.
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%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,850,103 | $10,677,080 | +0.1% |
| Expenses | $9,587,223 | $8,233,081 | +0.2% |
| Net Income | $2,262,880 | $2,443,999 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRIAN TURMELL | CEO | 40.00 |
Officer
|
$213,792 | $34,840 | $248,632 |
| TIM KAMPHUIS | CFO | 40.00 |
Officer
|
$120,797 | $31,393 | $152,190 |
| VELVER FULLER | Vice President | 40.00 |
Officer
|
$114,412 | $26,387 | $140,799 |
| THANE BARDEN | Chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH HOWE | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE KREMM | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| DENNIS ZIOMKOWSKY | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| GORDON JELTEMA | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM ONDERSMA | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| RUSS HOWER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $11,850,103 | $9,587,223 | $194,938,427 | $2,262,880 |
| 2024 | $11,850,103 | $9,587,223 | $194,938,427 | $2,262,880 |
| 2023 | $10,677,080 | $8,233,081 | $184,172,237 | $2,443,999 |
| 2022 | $9,335,279 | $6,323,874 | $187,919,268 | $3,011,405 |
| 2021 | $9,555,157 | $6,276,279 | $192,355,724 | $3,278,878 |
| 2020 | $10,495,902 | $7,049,435 | $181,020,522 | $3,446,467 |
| 2019 | $9,693,460 | $6,997,091 | $150,837,869 | $2,696,369 |
| 2018 | $9,237,735 | $6,595,918 | $143,224,198 | $2,641,817 |
Compare CREDIT UNIONS CHARTERED IN MI AAC CREDIT UNION with other nonprofits in Michigan and across the country.