MEMBERS FIRST 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

1955

Legal Domicile

Principal Officer

JENNIFER KUTZ

Phone

6082715301

Tax Period

2023-01-01 to 2023-11-30

MEMBERS FIRST CREDIT UNION, founded in 1955, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 4% surplus.

Mission

TO ENCOURAGE THRIFT AMONG OUR MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR EACH OF OUR MEMBERS TO IMPROVE THEIR RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 192 NEW MEMBER DEPOSIT ACCOUNTS IN 2023. AS OF 11/30/23 WE HAD 2,792 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 322 NEW LOANS TO MEMBERS DURING 2023. AS OF 11/30/23 WE HAD 1,467 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,694,203

Investment Income $117,448

Other Revenue $5,857

TOTAL REVENUE $1,817,508

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $647,239

Fundraising Expenses $0

Other Expenses $1,093,681

TOTAL EXPENSES $1,743,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,817,508	$1,767,314	+0.0%
Expenses	$1,743,920	$1,639,849	+0.1%
Net Income	$73,588	$127,465	-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

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

$106,233

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER KUTZ	PRESIDENT	40.00	Officer	$92,788	$13,445	$106,233
RON KLUGE	CHAIR	1.00	Officer Director	$0	$0	$0
DENNIS BARIBEAU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUE POWERS	TREASURER	1.00	Officer Director	$0	$0	$0
DOROTHY STEFFENS	SECRETARY	1.00	Officer Director	$0	$0	$0
DENNIS NIEBUHR	DIRECTOR	1.00	Director	$0	$0	$0
GERALD RING	DIRECTOR	1.00	Director	$0	$0	$0
JOSH KLUGE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WHITMORE	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
2023	$1,817,508	$1,743,920	No data	$73,588
2022	$1,767,314	$1,639,849	$28,005,851	$127,465
2021	$1,734,201	$1,443,954	$28,308,291	$290,247
2020	$1,761,362	$1,589,275	$27,801,841	$172,087
2019	$1,780,775	$1,612,712	$25,030,868	$168,063
2018	$1,666,453	$1,465,013	$25,484,859	$201,440