CASCO, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN, founded in 1926, is a small nonprofit that reported $610K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. Expenses of $546K left a modest 10% surplus.
To promote thrift and savings to approximately 2,000 credit union members who live, work, or worship in the community and surrounding areas of Richmond, MI.
A member owned financial cooperative whose primary focus is on the member. Purpose is to provide superior financial services while building timeless, trusted relationships with members and our...
A member owned financial cooperative whose primary focus is on the member. Purpose is to provide superior financial services while building timeless, trusted relationships with members and our community
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $609,960 | $733,063 | -0.2% |
| Expenses | $546,081 | $632,170 | -0.1% |
| Net Income | $63,879 | $100,893 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| Vicki McIntosh | CEO | 40 |
Officer
Key Emp
Highest
|
$97,294 | $4,725 | $102,019 |
| Ronald Lathrup | Chairman | 0.5 |
Director
|
$0 | $0 | $0 |
| Gretchen Jagoda | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Kay Goike | Treasurer | 0.5 |
Director
|
$0 | $0 | $0 |
| Colleen Stover | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Helga Wisswell | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| John Buseman | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Roy Rivard | Supervisory Committee Chairman | 0.5 |
Director
|
$0 | $0 | $0 |
| Joseph Berg | Supervisory Committee Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Kim Gunst | Supervisory Committee Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $609,960 | $546,081 | $24,615,443 | $63,879 |
| 2019 | $733,063 | $632,170 | $21,414,810 | $100,893 |
| 2018 | $678,187 | $526,475 | $21,305,405 | $151,712 |
Compare CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN with other nonprofits in Michigan and across the country.