American 1 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

1980

Legal Domicile

Phone

5177876510

Tax Period

2024-01-01 to 2024-12-31

American 1 Credit Union, founded in 1980, is a mid-sized nonprofit that reported $66.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $61.1M left a modest 8% surplus.

Mission

THE MISSION OF AMERICAN 1 CREDIT UNION IS TO CREATE FINANCIAL WELLNESS IN OUR COMMUNITIES THROUGH PERSONAL EVERYDAY BANKING.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES 66,198 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, BUSINESS, HEALTH SAVINGS AND MONEY MARKET ACCOUNTS.

Program 2

THE CREDIT UNION PROVIDES LOANS INCLUDING CREDIT CARDS, UNSECURED, LINE OF CREDIT, VEHICLE, OVERDRAFT, MORTGAGE AND HOME EQUITY LOANS.THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 54,888.

Program 3

THE CREDIT UNION OFFERS DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, NO SURCHARGE ATMS, INSURANCE AND INVESTMENT SALES, BILL PAYER, STUDENT SCHOLARSHIPS, FINANCIAL COUNSELING AND COURTES...

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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 $56,745,413

Investment Income $9,633,354

Other Revenue $0

TOTAL REVENUE $66,378,767

Expense Breakdown

Grants Paid $19,500

Salaries & Benefits $22,733,668

Fundraising Expenses $0

Program Expenses $0

Other Expenses $38,307,563

TOTAL EXPENSES $61,060,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,378,767	$57,257,513	+0.2%
Expenses	$61,060,731	$48,356,843	+0.3%
Net Income	$5,318,036	$8,900,670	-0.4%

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

363

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

$1,217,643

Total Directors

Key Employees

$283,246

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELLA ARNOLD	BOARD SECRETARY	2.0	Director	$0	$0	$0
CHERL SCHANTZ	BOARD MEMBER	2.0	Director	$0	$0	$0
FRANCIS WEATHERS	BOARD VICE-CHAIR	2.0	Director	$0	$0	$0
JULIE ALEXANDER	BOARD TREASURER	2.0	Director	$0	$0	$0
LINDA SCHAUB	BOARD MEMBER	2.0	Director	$0	$0	$0
PHILIP HOFFMAN	BOARD CHAIR	2.0	Director	$0	$0	$0
TIMOTHY HERNANDEZ	BOARD MEMBER	2.0	Director	$0	$0	$0
MARTHA FUERSTENAU	PRESIDENT/CEO	40.0	Officer	$861,295	$99,617	$960,912
SARAH MILLER	CHIEF FINANCIAL OFFICER	40.0	Officer	$224,463	$32,268	$256,731
KRISTINA EDGAR	EXECUTIVE VICE PRESIDENT/COO	40.0	Key Emp	$256,308	$26,938	$283,246
CAROLYN DUNCAN	CHIEF MEMBER EXPERIENCE OFFICER	40.0	Highest	$197,059	$21,384	$218,443
KELEIGH BALLINGER	VP OF BRANCH OPERATIONS	40.0	Highest	$131,427	$32,186	$163,613
KELLY GRYGIEL	VP OF COMMUNICATIONS	40.0	Highest	$137,432	$23,779	$161,211
NICOLE PATRICK	VP OF INFORMATION SECURITY & TECHNOLOGY	40.0	Highest	$160,701	$26,135	$186,836
TONIA WHITE	CHIEF EXPERIENCE OFFICER	40.0	Highest	$124,170	$25,919	$150,089
DAVID PUCKETT	FORMER PRESIDENT/CEO	N/A		$147,796	$0	$147,796

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
2024	$66,378,767	$61,060,731	$660,897,035	$5,318,036
2023	$57,257,513	$48,356,843	$683,624,165	$8,900,670
2022	$45,719,796	$36,422,705	$586,031,148	$9,297,091
2021	$38,158,505	$30,791,181	$568,433,146	$7,367,324
2020	$35,104,619	$32,218,028	$515,383,710	$2,886,591
2019	$36,110,010	$31,576,341	$421,300,843	$4,533,669
2018	$32,310,350	$26,238,385	$368,020,653	$6,071,965