CREDIT UNIONS CHARTERED IN THE STA… - Form 990 Financial Data

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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

1956

Legal Domicile

Principal Officer

JEFF RABANUS

Phone

9896841730

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF SUNRISE FAMILY CREDIT UNION, founded in 1956, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 5% surplus.

Mission

MEMBER OWNED AND MEMBER CONTROLLED FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SOUND COMPREHENSIVE SERVICES TO ITS FAMILY OF MEMBERS

Program Service Accomplishments

Program 1

PROVIDE 11,343 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATE OF DEPOSIT, IRA, MONEY MARKET AND CLUB ACCOUNTS TOTALING 18,409.

Program 2

PROVIDE 4,489 LOANS INCLUDING VEHICLE, PERSONAL, HOME EQUITY, MORTGAGE BUSINESS, OVERDRAFT, SHARE SECURED, INDIRECT AND CREDIT CARD LOANS.

Program 3

OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, NO COST BILL PAYER, STUDENT SCHOLARSHIPS, FINANCIAL LITERCY WORKSHOPS IN-SCHOOL, BRANCHES, COURTESY PAY AND VARIOUS INSURANCE PROGRAMS.

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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 $4,025,868

Investment Income $1,981,092

Other Revenue $-2,373

TOTAL REVENUE $6,004,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,329,742

Fundraising Expenses $0

Other Expenses $3,353,408

TOTAL EXPENSES $5,683,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,004,587	$5,505,754	+0.1%
Expenses	$5,683,150	$5,145,723	+0.1%
Net Income	$321,437	$360,031	-0.1%

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

$382,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF RABANUS	CEO	40.00	Officer	$183,530	$60,275	$243,805
MICHELLE HINE	Vice President	40.00	Officer	$101,552	$37,242	$138,794
CJ MONTANA	Treasurer	1.00	Director	$0	$0	$0
DAVE HUNT	Director	1.00	Director	$0	$0	$0
DAVID WOLTHUIS	Director	1.00	Director	$0	$0	$0
LOUIS MEYETTE	Director	1.00	Director	$0	$0	$0
DAVID ROYAL	Director	1.00	Director	$0	$0	$0
JAMES VOSS	Chairman	1.00	Director	$0	$0	$0
KATHERINE GRANT	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
2024	No data	No data	No data	No data
2024	$6,004,587	$5,683,150	$133,811,001	$321,437
2023	$5,505,754	$5,145,723	$138,641,467	$360,031
2022	$5,040,649	$4,766,787	$142,216,246	$273,862
2021	$4,672,595	$4,540,906	$148,912,549	$131,689
2020	$4,780,009	$4,574,039	$134,011,246	$205,970
2019	$5,308,751	$4,852,109	$113,145,563	$456,642
2018	$5,140,228	$4,554,540	$111,335,306	$585,688

CREDIT UNIONS CHARTERED IN THE STATE OF SUNRISE FAMILY CREDIT UNION