PEOPLE DRIVEN CREDIT UNION

🔒

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

1928

Legal Domicile

Principal Officer

RENEE DEMARCO

Phone

2482634100

Tax Period

2023-01-01 to 2023-12-31

PEOPLE DRIVEN CREDIT UNION, founded in 1928, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 21% operating margin.

Mission

THE MISSION OF PEOPLE DRIVEN CREDIT UNION IS TO PROMOTE THE FINANCIAL WELL-BEING OF THE MEMBERSHIP BY FOSTERING THRIFT AND ENCOURAGING THE PRUDENT USE OF CREDIT. THIS IS ACCOMPLISHED BY PROVIDING CONVENIENT, COMPETITIVELY PRICED, QUALITY FINANCIAL SERVICES IN A WORK ENVIRONMENT THAT PROVIDES A CHALLENGING AND REWARDING CAREER FOR EMPLOYEES AND ENCOURAGES VOLUNTEER MEMBER PARTICIPATION.

Program Service Accomplishments

Program 1

PROVIDE 26,734 MEMBERS WITH REGULAR SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, AND IRA ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $393,174,000 AS OF DECEMBER 31, 2023.

Program 2

GRANTED 7,119 LOANS TO MEMBERS INCLUDING VEHICLE, MORTGAGE, HOME EQUITY, OVERDRAFT PROTECTION, CREDIT CARD, SIGNATURE, BUSINESS, AND RECREATIONAL VEHICLE LOANS.

Program 3

PROVIDE ATM, DEBIT CARDS, BILL PAYMENT, MONEY ORDERS, ONLINE BANKING, OVERDRAFT/COURTESY PAY, FINANCIAL COUNSELING AND EDUCATION, AND VARIOUS INSURANCE PROGRAMS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,162,169

Investment Income $2,840,785

Other Revenue $390,351

TOTAL REVENUE $29,393,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,549,644

Fundraising Expenses $0

Other Expenses $13,544,198

TOTAL EXPENSES $23,093,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,393,305	$15,327,663	+0.9%
Expenses	$23,093,842	$11,722,935	+1.0%
Net Income	$6,299,463	$3,604,728	+0.7%

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

126

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

$1,023,376

Total Directors

Key Employees

$856,297

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE RHODES	BOARD VICE CHAIR	1.00	Director	$0	$0	$0
DENNIS W PARADOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL DOMINO	BOARD SECRETARY	1.00	Director	$0	$0	$0
RONNIE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN SANBORN	BOARD CHAIR	1.00	Director	$0	$0	$0
EDGAR BUISON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN BIRCHFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LABERGE	BOARD TREASURER	1.00	Director	$0	$0	$0
JANE MUSZYNSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY RAYMOR	BOARD TREASURER (RESIGNED 08/2023)	1.00	Director	$0	$0	$0
RENEE D DEMARCO	PRESIDENT/CEO	40.00	Officer	$499,596	$316,759	$816,355
ANDREA BADICS	CFO	40.00	Officer	$169,280	$37,741	$207,021
BRIAN HOWELL	CIO	40.00	Key Emp	$176,246	$26,005	$202,251
EMILY ROBERTS	COO	40.00	Key Emp	$178,914	$36,431	$215,345
MARGARET LAMB	CRO	40.00	Key Emp	$206,677	$29,672	$236,349
ANN MARIE NELSON	CHRO	40.00	Key Emp	$177,311	$25,041	$202,352
JEFFREY DESHANE	VP LENDING	40.00	Highest	$149,079	$24,077	$173,156
SCOTT SULLIVAN	VP MARKETING	40.00	Highest	$108,411	$26,825	$135,236
LISA SCHWARK	VP HR	40.00	Highest	$131,974	$24,898	$156,872
SHELLEY FOSTER	VP SOLUTIONS	40.00	Highest	$106,910	$11,631	$118,541
MICHELLE MIAZEK	VP PROJECTS	40.00	Highest	$103,381	$10,563	$113,944
MICHELE WOLLARD	FORMER CEO- COMMUNITY ALLIANCE CU	0.00		$250,000	$40,180	$290,180

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	No data	No data	No data	No data
2023	$29,393,305	$23,093,842	$456,890,223	$6,299,463
2022	$15,327,663	$11,722,935	$350,695,772	$3,604,728
2021	$13,451,115	$11,585,503	$342,686,404	$1,865,612
2020	$13,184,651	$11,806,652	$321,328,525	$1,377,999
2019	$14,465,914	$12,662,756	$272,103,137	$1,803,158
2018	$13,586,986	$12,094,124	$260,418,881	$1,492,862