PREMIER FINANCIAL 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

1962

Legal Domicile

Principal Officer

BRAD GRANT

Phone

9208984232

Tax Period

2025-01-01 to 2025-12-31

PREMIER FINANCIAL CREDIT UNION, founded in 1962, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2025. The organization ran a surplus of $1.8M, a strong 25% operating margin.

Mission

TO PROVIDE IN A SOUND AND BUSINESSLIKE MANNER, FOR OUR FIELD OF MEMBERSHIP, SIMPLE YET FLEXIBLE PROGRAMS TO HELP ACHIEVE A BETTER SOCIAL AND ECONOMIC LIFE FOR MEMBERS AND COMMUNITY, MAINTAINING THE CREDIT UNION'S FRIENDLY MEMBER OWNED PHILOSOPHY.

Program Service Accomplishments

Program 1

PROVIDED LOW-COSTS FINANCIAL SERVICES TO ITS MEMBERS. SERVED MEMBERS' INTEREST BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.

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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 $5,387,652

Investment Income $1,388,640

Other Revenue $417,314

TOTAL REVENUE $7,193,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,526,840

Fundraising Expenses $0

Other Expenses $2,539,495

TOTAL EXPENSES $5,394,587

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,193,606	$6,664,586	+0.1%
Expenses	$5,394,587	$4,804,725	+0.1%
Net Income	$1,799,019	$1,859,861	0.0%

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

$608,316

Total Directors

$24,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD GRANT	PRESIDENT/CEO	40.00	Officer	$183,550	$20,957	$204,507
DIANE RIEDER	VICE PRESIDENT/CFO	40.00	Officer	$129,224	$26,665	$155,889
SARAH PERL	SVP/COO	40.00	Officer	$101,326	$17,374	$118,700
SARA CARDINAL	SVP/CLO	40.00	Officer	$112,189	$2,056	$114,245
THOMAS MUELLER	CHAIRPERSON	1.00	Officer Director	$4,950	$0	$4,950
TRE WALDREN	VICE-CHAIRPERSON	1.00	Officer Director	$3,775	$0	$3,775
SANDRA BURG	SECRETARY	1.00	Officer Director	$3,525	$0	$3,525
AL SCHMITZ	TREASURER	1.00	Officer Director	$2,725	$0	$2,725
SHANE PEIK	DIRECTOR	1.00	Director	$4,050	$0	$4,050
CHERI REEDY	DIRECTOR	1.00	Director	$2,575	$0	$2,575
JULIE SCHOENBORN	DIRECTOR	1.00	Director	$2,550	$0	$2,550

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	$7,193,606	$5,394,587	$128,422,569	$1,799,019
2024	$6,664,586	$4,804,725	$128,936,775	$1,859,861
2023	$5,957,275	$4,327,336	$129,579,825	$1,629,939
2022	$4,403,229	$3,543,470	$134,440,906	$859,759
2021	$3,738,968	$3,343,042	$130,988,713	$395,926
2020	$4,072,204	$3,738,304	$115,172,729	$333,900
2019	$4,237,222	$3,680,968	$98,484,476	$556,254
2018	$3,884,474	$3,459,386	$95,601,899	$425,088