Unity Credit Union

EIN: 381456286

Warren, MI

Total Revenue
$1,352,829
Total Expenses
$1,152,261
Total Assets
$54,388,323
Net Assets
$8,631,296
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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
1954
Legal Domicile
MI
Phone
5865734110
Tax Period
2020-01-01 to 2020-12-31

Unity Credit Union, founded in 1954, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. Expenses of $1.2M left a modest 15% surplus.

Mission

Provide financial services and products to members.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $671,426
Investment Income $681,403
Other Revenue $0
TOTAL REVENUE $1,352,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $621,671
Fundraising Expenses $0
Other Expenses $530,590
TOTAL EXPENSES $1,152,261

Year-over-Year Comparison

2020 2019 Change
Revenue $1,352,829 $1,675,752 -0.2%
Expenses $1,152,261 $1,294,488 -0.1%
Net Income $200,568 $381,264 -0.5%
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

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Governance

Voting Members
5
Independent Members
4
Employees
12
Volunteers
5

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
1
$80,801
Total Directors
5
$80,801
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Moriarity Treasurer & CEO 40.00
Officer Director
$74,301 $6,500 $80,801
Lou Winters Director 1.00
Director
$0 $0 $0
Steve Redmond Chairperson 1.00
Director
$0 $0 $0
Connie Mitchell ViceChairperson 1.00
Director
$0 $0 $0
Victoria McIntosh Secretary 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
2020 $1,352,829 $1,152,261 $54,388,323 $200,568
2019 $1,675,752 $1,294,488 $48,770,129 $381,264
2018 $1,461,437 $1,146,465 $48,153,438 $314,972
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