CREDIT UNIONS CHARTERED IN THE STAT E OF MICHIGAN - UNITED FINANCIAL CR (EIN 381777731) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

BARBARA APPOLD

Phone

9897773620

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STAT E OF MICHIGAN - UNITED FINANCIAL CR, founded in 1964, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $15.4M left a modest 9% surplus.

Mission

THROUGH INNOVATIVE, FRIENDLY, AND QUALITY SERVICE, UNITED FINANCIAL CREDIT UNION WILL PROVIDE LONG-TERM FINANCIAL STABILITY TO OUR CREDIT UNION, OUR MEMBERS AND THEIR FAMILIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,162,722

Investment Income $2,660,303

Other Revenue $-29,908

TOTAL REVENUE $16,793,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,808,528

Fundraising Expenses $0

Other Expenses $10,545,051

TOTAL EXPENSES $15,353,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,793,117	$14,931,851	+0.1%
Expenses	$15,353,579	$13,349,594	+0.2%
Net Income	$1,439,538	$1,582,257	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$544,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA APPOLD	CEO	40.00	Officer	$235,995	$28,931	$264,926
JOSHUA SAWYER	CLO	40.00	Officer	$130,063	$18,764	$148,827
JARED KACZMARCZYK	CFO	40.00	Officer	$119,072	$11,915	$130,987
ROBERT CALLISON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE CORSER	SECRETARY	1.00	Officer Director	$0	$0	$0
LUKE DANKERT	TREASURER	1.00	Officer Director	$0	$0	$0
SHERWIN FAULK	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA HATCH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL NOONAN	DIRECTOR	1.00	Director	$0	$0	$0
JILLYAN POAG	DIRECTOR	1.00	Director	$0	$0	$0
RONALD TREVILLIAN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ULMER	CHAIRPERSON	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$16,793,117	$15,353,579	$316,863,291	$1,439,538
2023	$14,931,851	$13,349,594	$320,268,833	$1,582,257
2022	$12,994,180	$10,341,518	$320,414,364	$2,652,662
2021	$12,154,381	$9,365,878	$311,878,059	$2,788,503
2020	$11,578,828	$9,012,921	$268,840,219	$2,565,907
2019	$10,945,988	$8,931,242	$233,337,718	$2,014,746
2018	$10,135,182	$8,474,603	$216,185,657	$1,660,579

CREDIT UNIONS CHARTERED IN THE STAT E OF MICHIGAN - UNITED FINANCIAL CR