PORTLAND, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PFCU, founded in 1947, is a mid-sized nonprofit that reported $48.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $43.2M left a modest 11% surplus.
THE MISSION OF PFCU IS TO DELIVER FINANCIAL WELL-BEING TO ITS MEMBERS BY PROVIDING COMPREHENSIVE AND PROGRESSIVE FINANCIAL SERVICES AT FAIR AND REASONABLE RATES AND TERMS ACCOMPANIED BY FIRST-RATE SERVICE.
AT THE END OF DECEMBER 2024, PFCU SERVED 55,780 MEMBERS WITH REGULAR SHARES, CLUB ACCOUNTS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, MONEY MARKETS AND INDIVIDUAL RETIREMENT ACCOUNTS. PFCU TOTAL ASSETS...
AT THE END OF DECEMBER 2024, PFCU SERVED 55,780 MEMBERS WITH REGULAR SHARES, CLUB ACCOUNTS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, MONEY MARKETS AND INDIVIDUAL RETIREMENT ACCOUNTS. PFCU TOTAL ASSETS INCREASED FROM $807.3 MILLION AS OF DECEMBER 31, 2023 TO $818.1 MILLION AS OF DECEMBER 31, 2024.
AT THE END OF DECEMBER 2024 PFCU HAD 36,785 LOANS INCLUDING PERSONAL, HOME EQUITY, MORTGAGE, AND CREDIT CARD TYPES.
PFCU OFFERS AUTOMATED TELLER MACHINES AND VARIOUS INSURANCE PRODUCTS.
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 | $48,550,081 | $42,104,836 | +0.2% |
| Expenses | $43,216,908 | $38,372,237 | +0.1% |
| Net Income | $5,333,173 | $3,732,599 | +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 |
|---|---|---|---|---|---|---|
| MICHAEL WARD | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIN GORMAN | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAD BURKE | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT CARLTON | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE ROCKEY | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN KUTAS | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY GREGORICKA | TRESURER | 1.00 |
Director
|
$0 | $0 | $0 |
| HOLLY RIDENOUR | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMMY L BENGEL | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$229,483 | $21,354 | $250,837 |
| MICHELE MAKLEY | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$353,192 | $28,078 | $381,270 |
| THERESA BURGESS | CHIEF MEMBER EXPERIENCE OFFICER | 40.00 |
Highest
|
$162,619 | $31,731 | $194,350 |
| LEANNE HIXSON | CHIEF LENDING OFFICER | 40.00 |
Highest
|
$176,394 | $37,663 | $214,057 |
| SEAN KREBS | CHIEF TECHNOLOGY OFFICER | 40.00 |
Highest
|
$151,736 | $27,453 | $179,189 |
| JOSEPH KRIEGER | EXECUTIVE VICE PRESIDENT | 40.00 |
Highest
|
$240,012 | $43,223 | $283,235 |
| GURSIMRAN VIRK | CHIEF RISK OFFICER | 40.00 |
Highest
|
$153,779 | $34,866 | $188,645 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $48,550,081 | $43,216,908 | $818,132,214 | $5,333,173 |
| 2023 | $42,104,836 | $38,372,237 | $807,318,625 | $3,732,599 |
| 2022 | $35,812,251 | $30,020,235 | $790,319,803 | $5,792,016 |
| 2021 | $33,015,111 | $26,755,809 | $778,796,004 | $6,259,302 |
| 2020 | $31,747,235 | $29,215,869 | $691,413,181 | $2,531,366 |
| 2019 | $31,907,773 | $29,418,402 | $578,173,637 | $2,489,371 |
| 2018 | $16,566,357 | $15,124,845 | $535,594,031 | $1,441,512 |
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