CONSUMERS PROFESSIONAL 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

1953

Legal Domicile

Principal Officer

TERRY GARRISON

Phone

5173722400

Tax Period

2024-01-01 to 2024-12-31

CONSUMERS PROFESSIONAL CREDIT UNION, founded in 1953, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 24% operating margin.

Mission

WE WILL COMMIT OURSELVES TO BUILDING LIFELONG RELATIONSHIPS AND GIVING THE GREATEST SERVICE EXPERIENCE.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 7,379.

Program 2

THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 3,624.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,670,255

Investment Income $2,840,980

Other Revenue $0

TOTAL REVENUE $7,511,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,874,051

Fundraising Expenses $0

Other Expenses $3,830,587

TOTAL EXPENSES $5,704,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,511,235	$7,314,423	+0.0%
Expenses	$5,704,638	$5,573,176	+0.0%
Net Income	$1,806,597	$1,741,247	+0.0%

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

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

$165,368

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY GARRISON	President & CEO	45.00	Officer	$136,938	$28,430	$165,368
WILLIAM BURKE	Chairman	1.00	Director	$0	$0	$0
MARVIN KNIGHT	Director	1.00	Director	$0	$0	$0
MIKE FREDERICK	Director	1.00	Director	$0	$0	$0
ANNE WILSON	Secretary	1.00	Director	$0	$0	$0
JEFF STUMP	Treasurer	1.00	Director	$0	$0	$0
CHRISTINE SHEARER	Director	1.00	Director	$0	$0	$0
TOBIAS WEBBER	Director	1.00	Director	$0	$0	$0

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	$7,511,235	$5,704,638	$134,612,428	$1,806,597
2023	$7,314,423	$5,573,176	$134,080,796	$1,741,247
2022	$3,563,157	$2,861,376	$91,878,083	$701,781
2021	$3,274,883	$2,767,350	$89,634,619	$507,533
2020	$3,470,682	$3,118,704	$84,575,412	$351,978
2019	$3,712,243	$3,175,202	$76,087,235	$537,041
2018	$3,575,134	$2,956,535	$73,397,365	$618,599