Arbor Financial Credit Union

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Phone

2693756702

Tax Period

2023-01-01 to 2023-12-31

Arbor Financial Credit Union, founded in 1935, is a mid-sized nonprofit that reported $50.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $45.2M left a modest 10% surplus.

Mission

THE CREDIT UNION'S OPERATIONS INCLUDE HOLDING DEPOSITS FOR AND MAKING LOANS TO INDIVIDUALS WHO WORK OR RESIDE IN THE STATE OF MICHIGAN.

Program Service Accomplishments

Program 1

Allowing members access to capital through mortgages, automobile loans, and other consumer loans.

Program 2

Allowing members direct access to their checking account at merchants through our debit card program, and access to credit through our credit card program.

Program 3

Allowing members access to over 30,000 ATMS throughout the US through our ATM networking program.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,312,594

Investment Income $3,468,361

Other Revenue $1,412,497

TOTAL REVENUE $50,193,452

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $15,710,310

Fundraising Expenses $0

Program Expenses $0

Other Expenses $29,476,134

TOTAL EXPENSES $45,206,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,193,452	$42,599,576	+0.2%
Expenses	$45,206,444	$36,827,505	+0.2%
Net Income	$4,987,008	$5,772,071	-0.1%

Key Indicators

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

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

287

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

$977,260

Total Directors

Key Employees

$1,003,881

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Treasurer	10.0	Officer Director	$0	$0	$0
N/A	Chairman	30.0	Officer Director	$0	$0	$0
N/A	Secretary	10.0	Officer Director	$0	$0	$0
N/A	Vice-Chairman	10.0	Officer Director	$0	$0	$0
N/A	Director	10.0	Director	$0	$0	$0
N/A	Director	10.0	Director	$0	$0	$0
N/A	Director	10.0	Director	$0	$0	$0
N/A	Chief Financial Officer	50.0	Officer	$242,431	$52,715	$295,146
N/A	President/CEO	50.0	Officer	$556,667	$125,447	$682,114
N/A	VP of Talent Strategy and Organization	50.0	Key Emp	$280,600	$50,684	$331,284
N/A	VP Information Systems	50.0	Key Emp	$198,141	$41,796	$239,937
N/A	VP of Mortgage Lending	50.0	Key Emp	$164,314	$40,484	$204,798
N/A	VP Operations	50.0	Key Emp	$186,615	$41,247	$227,862
N/A	VP Marketing	50.0	Highest	$166,054	$44,506	$210,560
N/A	VP of Consumer Lending	50.0	Highest	$146,741	$39,160	$185,901
N/A	VP of Commercial Lending	50.0	Highest	$137,505	$39,857	$177,362
N/A	Director of Credit & Loan Servicing	40.0	Highest	$117,651	$36,311	$153,962
N/A	Mortgage Loan Originator	40.0	Highest	$122,145	$38,321	$160,466

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	$50,193,452	$45,206,444	$969,394,713	$4,987,008
2022	$42,599,576	$36,827,505	$882,512,715	$5,772,071
2021	$44,270,339	$39,623,634	$829,123,274	$4,646,705
2020	$43,485,334	$38,767,838	$813,637,097	$4,717,496
2019	$40,476,172	$34,727,324	$655,512,242	$5,748,848
2018	$32,620,125	$26,784,115	$573,422,495	$5,836,010