EDUCATORS 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

1937

Legal Domicile

Principal Officer

JAMES JUSTMAN

Phone

2628865900

Tax Period

2024-01-01 to 2024-12-31

EDUCATORS CREDIT UNION, founded in 1937, is a major nonprofit that reported $231.7M in total revenue in fiscal year 2024. The organization ran a surplus of $37.2M, a strong 16% operating margin.

Mission

OUR GOAL IS TO BE THE BEST CREDIT UNION, NOT THE LARGEST. THIS CAN BE ACHIEVED BY HAVING THE MOST LOYAL MEMBERS THROUGH THEIR USE OF OUR PRODUCTS, SERVICES, TECHNOLOGY, AND WILLINGNESS TO REFER OTHERS TO EDUCATORS CREDIT UNION.

Program Service Accomplishments

Program 1

EDUCATORS CREDIT UNION PROVIDES BUSINESS AND CONSUMER LOANS AND LEASES. CURRENT LOAN PORTFOLIO IS OVER $2.35 BILLION. EDUCATORS OFFERS EDUCATIONAL SEMINARS TO HELP INFORM ITS MEMBERSHIP AND TOOLS TO HELP MAKE LARGE PURCHASES, SUCH AS HOME AND AUTOS. EDUCATORS CREDIT UNION ALSO HAS MANY FINANCIAL TOOLS TO HELP MEMBERS BUILD AND IMPROVE THEIR CREDIT SCORE TO ENSURE THEY GET THE LOWEST RATE POSSIBLE ON THEIR LOANS FOR YEARS TO COME.

Program 2

EDUCATORS CREDIT UNION PROVIDES VERY COMPETITIVE RATES ON SAVING, CHECKING, CDS, IRAS, AND MONEY MARKET ACCOUNTS WITH BALANCES OVER $2.98 BILLION. EDUCATORS THE CREDIT UNION GAVE BACK OVER $5.2...

EDUCATORS CREDIT UNION PROVIDES VERY COMPETITIVE RATES ON SAVING, CHECKING, CDS, IRAS, AND MONEY MARKET ACCOUNTS WITH BALANCES OVER $2.98 BILLION. EDUCATORS THE CREDIT UNION GAVE BACK OVER $5.2 MILLION DOLLARS BACK TO OUR LOYAL MEMBERS THROUGH OUR MEMBER LOYALTY PROGRAM. WE ALSO HAVE GREAT BENEFITS FOR OUR MEMBERS LIKE MIND & MONEY, FINANCIAL WELLNESS TOOLS, AND FRAUD AND THEFT PROTECTION. EDUCATORS CREDIT UNION ALSO HAS A TEAM IN INVESTMENT SERVICES TO ENSURE FINANCIAL WELLNESS FOR FUTURE GENERATIONS.

Program 3

WE HAVE OVER 232,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES. EDUCATORS GAVE BACK MORE THAN $795,000 BACK TO THE COMMUNITIES IN WHICH WE SERVE...

WE HAVE OVER 232,000 MEMBERS AND FOCUS ON EDUCATING THEM IN OUR BRANCHES AS WELL AS THROUGH COMMUNITY ACTIVITIES. EDUCATORS GAVE BACK MORE THAN $795,000 BACK TO THE COMMUNITIES IN WHICH WE SERVE. EDUCATORS CREDIT UNION ALSO AWARDED A TOTAL OF $70,000 TO 35 SCHOOL STUDENTS TO HELP OFFSET THE COST OF HIGHER EDUCATION. TO HELP ENSURE THE SECURITY OF OUR COMMUNITIES' INFORMATION, EDUCATORS CREDIT UNION OFFERS MULTIPLE SHRED DAYS THROUGHOUT OUR COMMUNITIES FREE OF CHARGE.

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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 $173,300,946

Investment Income $56,082,762

Other Revenue $2,269,457

TOTAL REVENUE $231,653,165

Expense Breakdown

Grants Paid $795,015

Salaries & Benefits $46,418,512

Fundraising Expenses $0

Other Expenses $147,287,116

TOTAL EXPENSES $194,500,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,653,165	$221,505,827	+0.0%
Expenses	$194,500,643	$177,468,893	+0.1%
Net Income	$37,152,522	$44,036,934	-0.2%

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

608

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

$1,205,511

Total Directors

$33,139

Key Employees

$2,559,611

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LUENEBURG	CHAIRPERSON	1.00	Officer Director	$4,250	$0	$4,250
CHERYL KOTHE	VICE CHAIRPERSON	1.00	Officer Director	$2,500	$0	$2,500
BRAD ZAUTCKE	TREASURER	1.00	Officer Director	$2,250	$0	$2,250
PAUL PELZEK	SECRETARY	1.00	Officer Director	$2,950	$0	$2,950
CLARENCE ALLEN	BOARD MEMBER	1.00	Director	$2,000	$0	$2,000
JANET DAYS	BOARD MEMBER	1.00	Director	$2,200	$0	$2,200
SARAH FIEREK	BOARD MEMBER	1.00	Director	$1,750	$0	$1,750
WILLIAM HALSEY	BOARD MEMBER	1.00	Director	$7,989	$0	$7,989
NANCY MAJEWSKI	BOARD MEMBER	1.00	Director	$2,350	$0	$2,350
ELTON DEMETI	ASSOCIATE BOARD MEMBER	1.00	Director	$1,200	$0	$1,200
DONALD LODGE	ASSOCIATE BOARD MEMBER	1.00	Director	$1,850	$0	$1,850
SABINA LOPEZ	ASSOCIATE BOARD MEMBER	1.00	Director	$0	$0	$0
LOGAN MARTIN	ASSOCIATE BOARD MEMBER	1.00	Director	$1,850	$0	$1,850
LINDA HOOVER	CEO & PRESIDENT	40.00	Officer	$767,522	$55,826	$823,348
JAMES JUSTMAN	CFO	40.00	Officer	$320,992	$49,221	$370,213
MILTON DOCKERY	SECRETARY (THRU APR 24)	1.00	Officer	$0	$0	$0
JOSEPH BRAZGEL	CIO	40.00	Key Emp	$299,840	$82,740	$382,580
GLENN BRUSKY	VP FACILITIES	40.00	Key Emp	$253,490	$44,838	$298,328
RICH CHIAPETE	CORPORATE COUNSEL/CHIEF RISK OFFICER	40.00	Key Emp	$225,014	$55,153	$280,167
DALE DREHER	INFORMATION SECURITY OFFICER	40.00	Key Emp	$185,843	$33,626	$219,469
MAGGIE FEAGER	SVP HR	40.00	Key Emp	$177,394	$47,124	$224,518
LORI GORKOWSKI	CHIEF PAYMENT OFFICER	40.00	Key Emp	$193,055	$37,890	$230,945
JONATHAN HENKES	VP IT	40.00	Key Emp	$192,279	$24,020	$216,299
SHANNON HUOT	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$227,740	$60,473	$288,213
ANGELA LANGDON	VP RISK MANAGEMENT	40.00	Key Emp	$163,931	$27,881	$191,812
ASHLEY MADALA	CHIEF LENDING OFFICER	40.00	Key Emp	$192,777	$34,503	$227,280
SCOTT HEINE	BUSINESS DEVELOPMENT OFFICER	40.00	Highest	$155,399	$19,144	$174,543
STEVEN LAMBERT	NETWORK ENGINEER	40.00	Highest	$148,513	$30,432	$178,945
KIMBERLY SCHMIDT	VP DIGITAL SERVICES	40.00	Highest	$153,611	$53,687	$207,298
NEIL STAECK	VP BUSINESS SERVICES	40.00	Highest	$155,572	$60,142	$215,714
JOHN O'BRIEN	DIRECTOR FINANCE	40.00	Highest	$150,150	$31,498	$181,648

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	$231,653,165	$194,500,643	$3,376,919,381	$37,152,522
2023	$221,505,827	$177,468,893	$3,193,764,972	$44,036,934
2022	$166,801,060	$134,797,605	$3,107,585,746	$32,003,455
2021	$148,422,728	$111,926,804	$3,054,224,938	$36,495,924
2020	$146,689,691	$108,126,306	$2,672,077,092	$38,563,385
2019	$128,384,550	$102,328,771	$2,128,985,227	$26,055,779
2018	$115,162,157	$95,664,401	$1,950,380,212	$19,497,756