WARREN, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EXTRA CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $31.6M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 25% operating margin.
TO ENHANCE THE FINANCIAL WELL-BEING FOR MEMBERS AND POTENTIAL MEMBERS BY PROVIDING QUALITY, VALUE, AND CONVENIENCE IN OUR PRODUCTS AND SERVICES WHICH PROMOTES MEMBER CONFIDENCE AND LOYALTY WHILE MAINTAINING FINANCIAL STABILITY.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $31,576,257 | $26,104,511 | +0.2% |
| Expenses | $23,795,839 | $21,905,872 | +0.1% |
| Net Income | $7,780,418 | $4,198,639 | +0.9% |
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 |
|---|---|---|---|---|---|---|
| ANNE COVERT | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| DONALD SLAGEL | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN PERMALOFF | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAUDIA MULLIN | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILLIP JANKOWSKI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL STROUD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH MEERSCHAERT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KURT SUTTON | ASSOCIATE BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEIDRA WILLIAMS | PRESIDENT/CEO | 65.00 |
Officer
|
$590,344 | $47,719 | $638,063 |
| KRISTIN KASINEC | VP OF FINANCE | 55.00 |
Officer
|
$286,044 | $31,268 | $317,312 |
| JARED CHAUVIN | EXECUTIVE VICE PRESIDENT | 55.00 |
Officer
|
$105,942 | $765 | $106,707 |
| JAMES MCQUEEN | VP OF MEMBER SERVICES | 55.00 |
Key Emp
|
$242,131 | $27,176 | $269,307 |
| RUTHANN VAROSI | VP OF MARKETING | 55.00 |
Key Emp
|
$164,930 | $22,717 | $187,647 |
| STACEY COMISKA | AVP FINANCE | 50.00 |
Highest
|
$180,021 | $28,719 | $208,740 |
| PAUL SHAMMAS | IT MANAGER | 50.00 |
Highest
|
$150,229 | $11,433 | $161,662 |
| MARY KAY OSGOOD | AVP RISK & COMPLIANCE | 50.00 |
Highest
|
$135,269 | $25,255 | $160,524 |
| PERRY SIMMONS | AVP MEMBER RELATIONSHIP | 50.00 |
Highest
|
$142,735 | $27,080 | $169,815 |
| GINA BELCOURT | FRAUD OPERATIONS MANAGER | 50.00 |
Highest
|
$127,945 | $22,616 | $150,561 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $31,576,257 | $23,795,839 | $336,287,147 | $7,780,418 |
| 2024 | $26,104,511 | $21,905,872 | $317,846,583 | $4,198,639 |
| 2023 | $24,218,411 | $19,212,785 | $311,717,527 | $5,005,626 |
| 2022 | $20,868,717 | $16,640,278 | $314,332,667 | $4,228,439 |
| 2021 | $18,894,161 | $13,912,428 | $324,083,688 | $4,981,733 |
| 2020 | $19,980,667 | $13,847,394 | $290,366,632 | $6,133,273 |
| 2019 | $19,034,085 | $16,286,151 | $236,332,868 | $2,747,934 |
| 2018 | $17,630,120 | $15,670,873 | $231,278,409 | $1,959,247 |
Compare EXTRA CREDIT UNION with other nonprofits in Michigan and across the country.