KENTWOOD, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
AS A STATE CHARTERED CREDIT UNION, WE PROVIDE COMPETITIVE RATES FOR OUR DEPOSITS AND LOANS. WE PROVIDE A FULL RANGE OF AFFORDABLE FINANCIAL SERVICES MEETING MOST PEOPLES' NEEDS. OUR GOAL IS TO BECOME THE PRIMARY FINANCIAL SERVICE PROVIDER FOR THE MAJORITY OF OUR MEMBERSHIP. BY USING OUR CAPITAL EFFECTIVELY, WE WILL PROVIDE APPROPRIATE INCOME LEVELS AND GENERATE A POSITIVE RETURN ON ASSETS.
INTEREST PAID ON MEMBERS DEPOSITS, IRAS AND CERTIFICATES. THE PURPOSE IS TO PROVIDE INTEREST BEARING SAVING DEPOSIT SERVICES TO OUR MEMBERS.
LOAN SERVICING COSTS FOR LENDING PRODUCTS TO OUR MEMBERS.
DATA PROCESSING EXPENSES REQUIRED TO PROVIDE LOAN AND DEPOSIT SERVICES TO OUR 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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN COMMUNITY WEST CREDIT UNION with other nonprofits in Michigan and across the country.