CHRISTIAN 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

1950

Legal Domicile

Principal Officer

PATRICIA CAMPBELL

Phone

5867726330

Tax Period

2023-01-01 to 2023-12-31

CHRISTIAN FINANCIAL CREDIT UNION, founded in 1950, is a mid-sized nonprofit that reported $43.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 15% operating margin.

Mission

CHRISTIAN FINANCIAL SERVICES NEARLY 57,000 MEMBERS IN METROPOLITAN DETROIT. CHARTERED IN 1950 THE CREDIT UNION'S MISSION IS TO PROVIDE MEMBERS CUSTOMIZED SOLUTIONS TO ENHANCE THEIR FINANCIAL WELL-BEING THROUGH A TRUSTED PARTNERSHIP WITH A DEDICATED TEAM OF PROFESSIONALS FOCUSED ON EXCEEDING THEIR EXPECTATIONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION ORIGINATED $166.3 MILLION IN LOANS TO MEMBERS DURING 2023. LOANS ARE GENERALLY ORIGINATED AT OR BELOW MARKET INTEREST RATES HIGHLIGHTING MEMBER LOYALTY.

Program 2

THE CREDIT UNION OFFERS CONVENIENT DELIVERY CHANNELS FOR MEMBERS WHERE WE FULLY ABSORB THE COST OF THE ABILITY TO USE 30,000 ATMS, ACCESS TO THE SHARED BRANCHING NETWORK WITH OVER 5,600 OUTLETS...

THE CREDIT UNION OFFERS CONVENIENT DELIVERY CHANNELS FOR MEMBERS WHERE WE FULLY ABSORB THE COST OF THE ABILITY TO USE 30,000 ATMS, ACCESS TO THE SHARED BRANCHING NETWORK WITH OVER 5,600 OUTLETS NATIONWIDE, FREE ACCESS TO ONLINE BANKING AND BILL PAYMENT FOR ALL CONSUMERS.

Program 3

THE CREDIT UNION BEGAN A WEBSITE AND SYSTEM OVERHAUL IN 2023 WHICH WAS COMPLETED IN 2024. THE WEBSITE AND SYSTEM OVERHAUL CONTINUES TO IMPROVE THE MEMBER EXPERIENCE BY MAKING IT EASIER FOR MEMBERS TO...

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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 $39,618,253

Investment Income $4,117,272

Other Revenue $-219,097

TOTAL REVENUE $43,516,428

Expense Breakdown

Grants Paid $265,002

Salaries & Benefits $14,689,202

Fundraising Expenses $0

Other Expenses $21,980,201

TOTAL EXPENSES $36,934,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,516,428	$35,732,823	+0.2%
Expenses	$36,934,405	$29,590,642	+0.2%
Net Income	$6,582,023	$6,142,181	+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

209

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

$744,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BANASZAK	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
MARK TUTTLE	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
PAUL AVERY	BOARD SECRETARY	1.00	Director	$0	$0	$0
FRED ANDARY	BOARD TREASURER	1.00	Director	$0	$0	$0
JEFF MALACKO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOHN AMRHEIN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KIM REGENER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LEE CASTIGLIONI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DOMZALSKI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TAMIKA ANDERSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TONY SHEREDA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA CAMPBELL	PRESIDENT & CEO	40.00	Officer	$521,935	$27,381	$549,316
VALLORIE MCBRIDE	CFO (1/1/23-2/27/23)	40.00	Officer	$48,831	$3,601	$52,432
KEVIN MANKOWSKI	DIRECTOR OF ACCOUNTING & FINANCE	40.00	Officer	$101,862	$40,670	$142,532
STEVEN ANDREWS	CHIEF ADMINISTRATION OFFICER	40.00	Highest	$167,003	$16,583	$183,586
LAUREN FOGARTY	CHIEF DIGITAL STRATEGIES OFFICER	40.00	Highest	$148,988	$19,389	$168,377
JAMES SPESHOCK	CHIEF OPERATIONS OFFICER	40.00	Highest	$147,204	$18,869	$166,073
REBEKAH MONROE	CHIEF MARKETING AND GROWTH OFFICER	40.00	Highest	$128,732	$42,984	$171,716
DAVID MAURER	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$155,656	$4,814	$160,470

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	$43,516,428	$36,934,405	$847,893,640	$6,582,023
2022	$35,732,823	$29,590,642	$819,959,969	$6,142,181
2021	$33,417,719	$28,250,503	$826,475,315	$5,167,216
2020	$32,051,397	$29,004,803	$723,216,284	$3,046,594
2019	$26,094,424	$23,007,205	$429,328,252	$3,087,219
2018	$24,389,388	$20,521,394	$389,195,815	$3,867,994