CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN COMMUNITY WEST CREDIT UNION (EIN 381844068) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

HEIDI HUNT

Phone

6162615657

Tax Period

2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN COMMUNITY WEST CREDIT UNION, founded in 1967, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

STATE CHARTERED CREDIT UNION - WE PROVIDE A FULL RANGE OF AFFORDABLE DEPOSITORY AND LENDING SERVICES TO MEMBERS THROUGH 6 BRANCH LOCATIONS, 10 ATM'S, TELEPHONE-BASED ACCESS, INTERNET BASED ACCESS, AND MOBILE ACCESS.

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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 $12,276,926

Investment Income $2,386,062

Other Revenue $0

TOTAL REVENUE $14,662,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,445,323

Fundraising Expenses $0

Other Expenses $9,209,501

TOTAL EXPENSES $14,654,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,662,988	$13,205,868	+0.1%
Expenses	$14,654,824	$13,580,802	+0.1%
Net Income	$8,164	$-374,934	-1.0%

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

$505,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA HOVE	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
BILL JONES	BOARD VICE CHAIRPERSON	2.00	Director	$0	$0	$0
SHAWN MILLER	BOARD SECRETARY	2.00	Director	$0	$0	$0
BERNARD ZAHM	BOARD TREASURER	2.00	Director	$0	$0	$0
ZACHARY CHALTRY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
LISA KNAPP	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ANGIE PAAUWE	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
PHILLIP MINSTER	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
HEIDI HUNT	CEO	40.00	Officer	$252,213	$30,757	$282,970
LINDSAY HAWLK	CFO (1/1/24-11/22/24)	40.00	Officer	$172,803	$26,475	$199,278
ZACHARIAH ADAM NORTON	CFO	40.00	Officer	$21,309	$2,308	$23,617
ROBERT LISTEN	CIO	40.00	Highest	$126,811	$26,170	$152,981
KAREN VANTIL	COO	40.00	Highest	$132,541	$20,713	$153,254
JENNIFER HARVEY	VP OF LEGAL & LOSS PREVENTION	40.00	Highest	$104,460	$10,581	$115,041

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	$14,662,988	$14,654,824	$244,701,744	$8,164
2023	$13,205,868	$13,580,802	$256,963,658	$-374,934
2022	$11,042,659	$11,480,930	$270,578,061	$-438,271
2021	$10,973,048	$11,489,818	$248,983,719	$-516,770
2020	$11,205,639	$10,057,422	$228,022,830	$1,148,217
2019	$11,496,471	$9,913,884	$188,647,983	$1,582,587
2018	$11,250,548	$10,010,112	$193,262,860	$1,240,436

CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN COMMUNITY WEST CREDIT UNION