FOCUS 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

1964

Legal Domicile

Principal Officer

DEAN WILSON

Phone

2622550833

Tax Period

2024-01-01 to 2024-12-31

FOCUS CREDIT UNION, founded in 1964, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 28% operating margin.

Mission

NOT FOR PROFIT FINANCIAL COOPERATIVE THRIFT WHICH PROVIDES FINANCIAL SERVICES TO BENEFIT THE MEMBERSHIP OF THE ORGANIZATION.

Program Service Accomplishments

Program 1

FOCUS CREDIT UNION GRANTED 764 MEMBER LOANS DURING 2024. AS OF DECEMBER 31, 2024 FCU HAD 111 MORTGAGE LOANS AND LINES OF CREDIT OUTSTANDING, 1,232 CREDIT CARDS OUTSTANDING AND 2,939 CONSUMER LOANS...

FOCUS CREDIT UNION GRANTED 764 MEMBER LOANS DURING 2024. AS OF DECEMBER 31, 2024 FCU HAD 111 MORTGAGE LOANS AND LINES OF CREDIT OUTSTANDING, 1,232 CREDIT CARDS OUTSTANDING AND 2,939 CONSUMER LOANS AND LINES OF CREDIT OUTSTANDING.

Program 2

FOCUS CREDIT UNION HAD DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 6,650 MEMBERS. DURING 2024 FCU OPENED 242 NEW MEMBER ACCOUNTS.

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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 $3,563,463

Investment Income $408,745

Other Revenue $6,977

TOTAL REVENUE $3,979,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,067,613

Fundraising Expenses $0

Other Expenses $1,790,813

TOTAL EXPENSES $2,858,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,979,185	$3,410,331	+0.2%
Expenses	$2,858,426	$2,171,165	+0.3%
Net Income	$1,120,759	$1,239,166	-0.1%

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

$431,893

Total Directors

$3,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WEBER	CHAIR	0.50	Officer Director	$540	$0	$540
TRACEY PARENT	VICE CHAIR	0.50	Officer Director	$405	$0	$405
AMY RUMMEL	SECRETARY	0.50	Officer Director	$495	$0	$495
KIMBERLY ASHWOOD	BOARD MEMBER	0.50	Director	$450	$0	$450
STEVEN SWEENEY	TREASURER	0.50	Officer Director	$540	$0	$540
KATIE ISH	BOARD MEMBER	0.50	Director	$405	$0	$405
NATALIE VOTTO	BOARD MEMBER	0.50	Director	$450	$0	$450
DEAN WILSON	PRESIDENT/CEO	55.00	Officer	$211,572	$24,416	$235,988
KIMBERLY YOUNGBLOOD	SVP/COO	40.00	Officer	$170,651	$23,274	$193,925

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	$3,979,185	$2,858,426	$59,432,300	$1,120,759
2023	$3,410,331	$2,171,165	$56,707,277	$1,239,166
2022	$2,568,574	$2,044,643	$58,597,299	$523,931
2021	$2,404,359	$2,006,652	$57,409,857	$397,707
2020	$2,422,473	$2,117,709	$50,901,343	$304,764
2019	$2,584,763	$2,153,981	$44,235,680	$430,782
2018	$2,505,913	$2,761,860	$44,631,164	$-255,947