COMMUNITY 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

1975

Legal Domicile

Principal Officer

CATHERINE J TIERNEY

Phone

9208307200

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY FIRST CREDIT UNION, founded in 1975, is a major nonprofit that reported $353.7M in total revenue in fiscal year 2025. The organization ran a surplus of $81.5M, a strong 23% operating margin.

Mission

COMMUNITY FIRST CREDIT UNION WILL PROVIDE HIGH QUALITY, COMPETITIVE FINANCIAL PRODUCTS AND SERVICES WHICH ANTICIPATE AND EXCEED OUR MEMBERS' NEEDS. WE INTEND TO BE THE PRIMARY FINANCIAL ORGANIZATION FOR OUR MEMBERS BY EARNING AND MAINTAINING THEIR TRUST, BY MAINTAINING A BALANCE BETWEEN SOUND GROWTH, EARNINGS AND RESERVES, BY PROVIDING A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND BY CONTRIBUTING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

PROVIDED FINANCIAL SERVICES TO 164,558 MEMBER OWNERS IN 2025. FUNDED 39,308 LOANS TO THESE MEMBERS IN 2025 FOR $1,694,582,159.

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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 $264,259,347

Investment Income $86,126,798

Other Revenue $3,277,475

TOTAL REVENUE $353,663,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,670,332

Fundraising Expenses $0

Other Expenses $70,959,156

TOTAL EXPENSES $272,137,434

Year-over-Year Comparison

	2025	2024	Change
Revenue	$353,663,620	$336,004,257	+0.1%
Expenses	$272,137,434	$269,692,868	+0.0%
Net Income	$81,526,186	$66,311,389	+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

712

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

$5,015,455

Total Directors

$1,679,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE TIERNEY	CEO/PRESIDENT / BOD - TREASURER	40.00	Officer Director	$1,652,164	$26,838	$1,679,002
KATHRYN SIEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA MICHELETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY FULKERSON	BOARD MEMBER - EMERITUS	1.00	Director	$0	$0	$0
DANIEL FERRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MOORE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PETER MARIAHAZY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PAUL SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY FRICKE-WEIGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW BINGHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM SWOVERLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH HUTCHINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES BOSTICK	CHIEF FINANCIAL OFFICER	40.00	Officer	$538,411	$24,019	$562,430
SCOTT STEINFORT	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$482,057	$80,887	$562,944
KRISTY HESSE	CHIEF HR OFFICER	40.00	Officer	$390,385	$41,209	$431,594
AMANDA SECOR	CHIEF OF STAFF	40.00	Officer	$399,685	$109,279	$508,964
KARRIE DROBNICK	CHIEF STRATEGY AND EXPERIENCE OFFICER	40.00	Officer	$392,619	$43,515	$436,134
TIMOTHY HOFF	CHIEF LENDING OFFICER	40.00	Officer	$250,012	$79,950	$329,962
SHAWN MULHANEY	CHIEF MEMBER SERVICE OFFICER	40.00	Officer	$230,229	$25,319	$255,548
JENNIFER DILORETO	CHIEF RISK OFFICER	40.00	Officer	$142,986	$1,337	$144,323
CARRIE O'CONNOR	CHIEF LENDING OFFICER	40.00	Officer	$104,554	$0	$104,554
JEFFREY GARRETT	CFFA PROGRAM MANAGER	40.00	Highest	$556,784	$88,005	$644,789
JAKE BUMAN	FINANCIAL ADVISOR	40.00	Highest	$380,764	$25,238	$406,002
MARY SULLIVAN	SVP SPECIAL PROJECTS	40.00	Highest	$376,283	$98,154	$474,437
MARY LORNSON	SVP LENDING	40.00	Highest	$350,436	$66,408	$416,844
CHAD SCHROEDER	FINANCIAL ADVISOR	40.00	Highest	$287,547	$98,403	$385,950

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	$353,663,620	$272,137,434	$6,370,358,954	$81,526,186
2024	$336,004,257	$269,692,868	$6,031,707,524	$66,311,389
2023	$283,664,523	$218,089,593	$5,550,453,190	$65,574,930
2022	$189,052,954	$118,578,205	$5,156,851,836	$70,474,749
2021	$150,657,635	$96,657,185	$4,925,306,167	$54,000,450
2020	$145,139,477	$108,011,225	$4,233,572,171	$37,128,252
2019	$141,751,455	$102,929,505	$3,412,730,212	$38,821,950
2018	$126,012,945	$84,934,074	$3,117,431,248	$41,078,871