EASTPOINTE COMMUNITY 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

Theresa Hing

Phone

5867753160

Tax Period

2023-01-01 to 2023-12-31

EASTPOINTE COMMUNITY CREDIT UNION, founded in 1950, is a small nonprofit that reported $555K in total revenue in fiscal year 2023.

Mission

OUR GOAL IS TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICE TO ALL MEMBERS AT COMPETITIVE RATES AND TO MAINTAIN THE CU'S LONG-TERM FINANCIAL STABILITY. BIG ENOUGH TO GET THE JOB DONE...SMALL ENOUGH TO CARE.

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 12/31/2023 WAS 1,412.

Program 2

CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2023 WAS 455.

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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 $485,420

Investment Income $69,851

Other Revenue $0

TOTAL REVENUE $555,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,016

Fundraising Expenses $0

Other Expenses $296,718

TOTAL EXPENSES $539,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$555,271	$514,280	+0.1%
Expenses	$539,734	$490,474	+0.1%
Net Income	$15,537	$23,806	-0.3%

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

$181,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LAFAYETTE	COO	40.00	Officer	$82,129	$11,637	$93,766
THERESA HING	CEO	40.00	Officer	$69,047	$19,102	$88,149
REBECCA HERTEL	Secretary	1.00	Director	$0	$0	$0
AYDA BERRO	Treasurer	1.00	Director	$0	$0	$0
MARY MATHISON	Director	1.00	Director	$0	$0	$0
DEBORAH SZUKALA	Chairman	1.00	Director	$0	$0	$0
GAIL MAZZONE	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
2023	$555,271	$539,734	$11,145,091	$15,537
2022	$514,280	$490,474	$10,723,691	$23,806
2021	$479,424	$537,421	$11,648,293	$-57,997
2020	$518,883	$655,496	$10,907,658	$-136,613
2019	$581,570	$555,651	$9,567,496	$25,919
2018	$582,946	$581,009	$9,227,891	$1,937