NORTHWESTERN MUTUAL 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

1933

Legal Domicile

Principal Officer

JOSEPH BUKOWSKI

Phone

4146653423

Tax Period

2025-01-01 to 2025-12-31

NORTHWESTERN MUTUAL CREDIT UNION, founded in 1933, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 16% operating margin.

Mission

TO PROVIDE COMPETITIVE AND CONVENIENT FINANCIAL PRODUCTS ALONG WITH OUTSTANDING SERVICE TO THE NORTHWESTERN MUTUAL COMMUNITY. TO STRIVE TO OFFER A PRODUCT MIX THAT ALLOWS MEMBERS TO VIEW THE CREDIT UNION AS THEIR PRIMARY FINANCIAL INSTITUTION AND A VALUED EMPLOYEE BENEFIT.

Program Service Accomplishments

Program 1

WE CONTINUED TO PROVIDE A HIGH LEVEL OF PERSONALIZED SERVICE AND IMPROVE EASE OF ACCESS FOR MEMBERS. WE ALSO CONTINUED TO OFFER ATTRACTIVE RATES AND LOW FEES WITH A FOCUS ON EFFICIENCY AND CONVENIENCE

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,886,614

Investment Income $4,685,831

Other Revenue $0

TOTAL REVENUE $10,572,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,574,067

Fundraising Expenses $0

Other Expenses $7,285,481

TOTAL EXPENSES $8,859,548

Year-over-Year Comparison

	2025	2024	Change
Revenue	$10,572,445	$9,356,286	+0.1%
Expenses	$8,859,548	$8,437,491	+0.1%
Net Income	$1,712,897	$918,795	+0.9%

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

N/A

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

$344,802

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY STERNBERG	DIRECTOR	1.00	Director	$0	$0	$0
RYAN FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HO	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFERY KOEBERL	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN STERNBERG	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN HOPPER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF NIEHAUS	DIRECTOR	1.00	Director	$0	$0	$0
AARON SCHROEDER	CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN UGENT	ASSISTANT SECRETARY	1.00	Director	$0	$0	$0
JAMES DOBRINSKA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BUKOWSKI	PRESIDENT	45.00	Officer	$0	$31,210	$197,446
JASON METALLO	VICE PRESIDENT	45.00	Officer	$0	$24,590	$147,356

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	$10,572,445	$8,859,548	$264,739,883	$1,712,897
2024	$9,356,286	$8,437,491	$246,162,442	$918,795
2023	$7,340,002	$7,080,463	$235,468,953	$259,539
2022	$5,385,608	$4,201,985	$244,642,981	$1,183,623
2021	$5,980,230	$3,302,203	$240,285,501	$2,678,027
2020	$5,934,979	$4,209,227	$214,527,409	$1,725,752
2019	$5,186,706	$4,222,044	$173,482,768	$964,662
2018	$4,313,052	$3,312,020	$155,657,825	$1,001,032