ELECTRICAL WORKERS LOCAL 58 CREDIT UNION

EIN: 381532613

DETROIT, MI

Total Revenue
$965,680
Total Expenses
$768,635
Total Assets
$21,052,670
Net Assets
$2,414,694
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MI
Principal Officer
JESSICA FOX
Phone
3139636060
Tax Period
2025-01-01 to 2025-12-31

ELECTRICAL WORKERS LOCAL 58 CREDIT UNION, founded in 1955, is a small nonprofit that reported $966K in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $197K, a strong 20% operating margin.

Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

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 12/31/2025 WAS 1,874.

Program 2

THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2025 WAS 541.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $392,542
Investment Income $573,138
Other Revenue $0
TOTAL REVENUE $965,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,844
Fundraising Expenses $0
Other Expenses $510,791
TOTAL EXPENSES $768,635

Year-over-Year Comparison

2025 2024 Change
Revenue $965,680 $806,189 +0.2%
Expenses $768,635 $655,169 +0.2%
Net Income $197,045 $151,020 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
7

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
$188,914
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA FOX CEO 40.00
Officer
$142,452 $46,462 $188,914
WARREN COKLOW Director 1.00
Director
$0 $0 $0
RIC PREUSS Director 1.00
Director
$0 $0 $0
JEANNE NYE Treasurer 1.00
Director
$0 $0 $0
MARCY MOULIOS Secretary 1.00
Director
$0 $0 $0
RICHARD LOCKMAN Director 1.00
Director
$0 $0 $0
MICHAEL COACH Chairman 1.00
Director
$0 $0 $0
JOSEPH SCOTT 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
2025 $965,680 $768,635 $21,052,670 $197,045
2024 $806,189 $655,169 $20,582,920 $151,020
2023 $594,495 $485,614 $19,797,590 $108,881
2022 $471,202 $447,338 $19,588,980 $23,864
2021 $467,567 $409,932 $19,841,127 $57,635
2020 $526,430 $428,223 $17,817,125 $98,207
2019 $526,540 $411,023 $14,912,481 $115,517
2018 $485,051 $394,584 $14,709,208 $90,467
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ELECTRICAL WORKERS LOCAL 58 CREDIT UNION with other nonprofits in Michigan and across the country.