Hastings, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREDIT UNIONS CHARTER IN THE STATE OF MI Thornapple Credit Union, founded in 1964, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $893K, a strong 16% operating margin.
TO FURNISH COOPERATIVE FINANCIAL SERVICES TO MEMBERS.
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR ITS MEMBERS. AS OF 12/31/2024 THE CREDIT UNION HAD 8,210 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR ITS MEMBERS. THEY FUNDED 1,483 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 12/31/2024. THE CU HAD A TOTAL OF 4,788 LOANS TO MEMBERS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,678,956 | $4,560,985 | +0.2% |
| Expenses | $4,786,186 | $3,714,205 | +0.3% |
| Net Income | $892,770 | $846,780 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| AMY BYERS | CEO | 40.00 |
Officer
|
$170,840 | $24,063 | $194,903 |
| THOMAS NEIL | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK BUCKLAND | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY KEESEN | Chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA VUJEA | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBRA HATFIELD | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG STOLSONBURG | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| DARLA DEIBERT | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,678,956 | $4,786,186 | $72,392,991 | $892,770 |
| 2023 | $4,560,985 | $3,714,205 | $66,366,231 | $846,780 |
| 2022 | $3,716,743 | $3,046,728 | $62,594,344 | $670,015 |
| 2021 | $3,194,033 | $2,616,392 | $57,804,268 | $577,641 |
| 2020 | $2,888,362 | $2,480,974 | $49,756,337 | $407,388 |
| 2019 | $2,683,331 | $2,471,741 | $37,124,612 | $211,590 |
| 2018 | $2,372,261 | $2,108,924 | $32,211,569 | $263,337 |
Compare CREDIT UNIONS CHARTER IN THE STATE OF MI Thornapple Credit Union with other nonprofits in Michigan and across the country.