SOUTHFIELD, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE CREDIT UNION IS A MEMBER OWNED, FULL SERVICE FINANCIAL ORGANIZATION COMMITTED TO PROVIDING FINANCIAL SERVICES AND COST SAVINGS THEREBY HELPING OUR MEMBERS ACHIEVE FINANCIAL SUCCESS.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare PEOPLE DRIVEN CREDIT UNION with other nonprofits in Michigan and across the country.