ME EMPLOYEES 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

1932

Principal Officer

TRACIE WILLS

Phone

7156758296

Tax Period

2024-01-01 to 2024-12-31

ME EMPLOYEES CREDIT UNION, founded in 1932, is a small nonprofit that reported $868K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $1.8M represent 25 months of operating reserves.

Mission

WE ARE A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 465 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 1,333 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 147 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 672 LOANS TO OUR MEMBERS.

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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 $844,053

Investment Income $23,988

Other Revenue $0

TOTAL REVENUE $868,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,187

Fundraising Expenses $0

Other Expenses $651,172

TOTAL EXPENSES $908,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$868,041	$765,230	+0.1%
Expenses	$908,359	$764,915	+0.2%
Net Income	$-40,318	$315	-129.0%

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

$143,460

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACIE WILLS	PRESIDENT/CE	40.00	Officer	$76,027	$5,440	$81,467
CHARLENE PARLIER	LOAN OFFICER	40.00	Officer	$57,347	$4,646	$61,993
CHRIS VOLL	CHAIR	1.00	Officer Director	$0	$0	$0
JEN WOLLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK GOULEE	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW ROTHENBERGER	SECRETARY	1.00	Officer Director	$0	$0	$0
ZACK MARTIN	DIRECTOR	1.00	Director	$0	$0	$0

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	$868,041	$908,359	$17,556,565	$-40,318
2023	$765,230	$764,915	$17,894,958	$315
2022	$676,732	$589,701	$17,475,544	$87,031
2021	$636,565	$576,532	$16,476,256	$60,033
2020	$607,714	$606,521	$15,373,392	$1,193
2019	$565,748	$585,613	$13,776,594	$-19,865
2018	$471,312	$469,138	$13,109,037	$2,174