ALPENA, 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 MI 1072 HPC CREDIT UNION, founded in 1950, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 19% operating margin.
TO SERVE AND PROMOTE MEMBERS' PERSONAL FINANCIAL SUCCESS AND TO CONTINUE THE CREDIT UNION PHILOSOPHY OF PEOPLE HELPING PEOPLE.
THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING CHECKING, SAVINGS, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/24 WAS 7,472, TOTAL NUMBER OF ACCOUNTS...
THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING CHECKING, SAVINGS, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/24 WAS 7,472, TOTAL NUMBER OF ACCOUNTS HELD ARE 17,239. THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING ARE 12/31/24 WAS 3,088.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,826,736 | $5,429,627 | +0.3% |
| Expenses | $5,528,088 | $5,319,122 | +0.0% |
| Net Income | $1,298,648 | $110,505 | +10.8% |
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 |
|---|---|---|---|---|---|---|
| DENNIS WERNER | CEO | 50.00 |
Officer
|
$205,818 | $22,689 | $228,507 |
| JULIE HANSEN | CFO | 50.00 |
Officer
|
$144,400 | $40,836 | $185,236 |
| THOMAS HENDRICKS | Vice President | 40.00 |
Officer
|
$143,721 | $28,889 | $172,610 |
| CHRISTINE CURLEY | COO | 40.00 |
Officer
|
$78,181 | $19,296 | $97,477 |
| JON BENSON | Chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT ILSLEY | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY CRITTENDEN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK LEE | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM MISCHLEY | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES MALASKI | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW LAMP | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,826,736 | $5,528,088 | $153,945,735 | $1,298,648 |
| 2023 | $5,429,627 | $5,319,122 | $158,016,891 | $110,505 |
| 2022 | $4,415,579 | $4,313,394 | $163,735,432 | $102,185 |
| 2021 | $4,477,208 | $3,670,250 | $158,654,438 | $806,958 |
| 2020 | $4,224,932 | $3,563,268 | $143,285,850 | $661,664 |
| 2019 | $4,242,783 | $3,228,796 | $123,370,577 | $1,013,987 |
| 2018 | $3,879,019 | $2,874,225 | $121,792,993 | $1,004,794 |
Compare CREDIT UNIONS CHARTERED IN THE STATE OF MI 1072 HPC CREDIT UNION with other nonprofits in Michigan and across the country.