COUNTRY HERITAGE 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

1932

Legal Domicile

Principal Officer

WILLIAM R MESSNER

Phone

2696952334

Tax Period

2023-01-01 to 2023-12-31

COUNTRY HERITAGE CREDIT UNION, founded in 1932, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $567K, a strong 25% operating margin.

Mission

COUNTRY HERITAGE CREDIT UNION IS A STATE OF MICHIGAN CHARTERED CREDIT UNION. (SEE BELOW)

Program Service Accomplishments

Program 1

COUNTRY HERITAGE CREDIT UNION IS A STATE OF MICHIGAN CHARTERED CREDIT UNION. ITS OPERATIONS ARE PRINCIPALLY RELATED TO HOLDING DEPOSITS AND MAKING LOANS TO INDIVIDUALS, BUSINESS ENTITIES, AND GROUPS...

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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 $1,557,590

Investment Income $643,194

Other Revenue $61,138

TOTAL REVENUE $2,261,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,080

Fundraising Expenses $0

Other Expenses $1,256,587

TOTAL EXPENSES $1,694,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,261,922	$1,733,184	+0.3%
Expenses	$1,694,667	$1,258,921	+0.3%
Net Income	$567,255	$474,263	+0.2%

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

N/A

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

$134,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KADING	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM R MESSNER	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
MALINDA COLE-CROCKER	VICE-CHAIRPE	N/A	Officer Director	$0	$0	$0
JANET S KUHN	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DARREN RADDE	BOARD MEMBER	N/A	Director	$0	$0	$0
TERRY HOLLOWAY	BOARD MEMBER	N/A	Director	$0	$0	$0
RALPH L MCDONALD JR	BOARD MEMBER	N/A	Director	$0	$0	$0
FRANCES K TERRY	GENERAL MGR	60.00	Officer	$131,103	$3,588	$134,691

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	$2,261,922	$1,694,667	$51,335,737	$567,255
2022	$1,733,184	$1,258,921	$54,298,473	$474,263
2021	$1,533,746	$1,162,685	$56,039,484	$371,061
2020	$1,712,214	$1,207,169	$47,869,979	$505,045
2019	$1,849,398	$1,293,964	$40,998,805	$555,434
2018	$1,782,308	$1,154,641	$43,047,223	$627,667