MEMBERS COOPERATIVE CREDIT UNION (EIN 410195345) - Form 990 Financial Analysis & Trantor Score

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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

1936

Legal Domicile

Principal Officer

STEVE EWERS

Phone

2186258500

Tax Period

2024-01-01 to 2024-12-31

MEMBERS COOPERATIVE CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $65.2M in total revenue in fiscal year 2024. Expenses of $60.6M left a modest 7% surplus.

Mission

TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.

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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 $59,346,401

Investment Income $5,831,954

Other Revenue $0

TOTAL REVENUE $65,178,355

Expense Breakdown

Grants Paid $176,207

Salaries & Benefits $20,586,953

Fundraising Expenses $0

Other Expenses $25,743,880

TOTAL EXPENSES $60,606,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,178,355	$60,672,514	+0.1%
Expenses	$60,606,630	$60,581,870	+0.0%
Net Income	$4,571,725	$90,644	+49.4%

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

281

Volunteers

N/A

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

$1,105,877

Total Directors

$78,250

Key Employees

$1,242,409

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DORIS DAHL	CHAIR	14.70	Officer Director	$18,000	$0	$18,000
DAVID VUKELICH	BOARD VICE CHAIR	13.10	Officer Director	$12,000	$0	$12,000
NICOLE BARKER	BOARD SECRETARY & TREASURER	6.10	Officer Director	$2,000	$0	$2,000
JOHN GILBERT	DIRECTOR	6.70	Director	$6,000	$0	$6,000
RUSS SALGY	DIRECTOR	7.10	Director	$6,000	$0	$6,000
JENNIE SIEBERT	DIRECTOR	6.70	Director	$3,000	$0	$3,000
PETER VANG	DIRECTOR	6.70	Director	$4,500	$0	$4,500
RODNEY BIBEAU	DIRECTOR	1.30	Director	$6,000	$0	$6,000
JOE WOLFF	DIRECTOR	3.20	Director	$6,000	$0	$6,000
DIANNE CARLSON	EMERITUS DIRECTOR	6.70	Director	$2,750	$0	$2,750
MARY KROHN	ASSOCIATE DIRECTOR	5.00	Director	$6,000	$0	$6,000
NIAL ANDRE MUSON KLYN	ASSOCIATE DIRECTOR	4.00	Director	$6,000	$0	$6,000
STEPHEN EWERS	PRESIDENT/CEO	55.00	Officer	$556,461	$53,972	$610,433
RALPH HAMANN	CFO/CHRO	50.00	Officer	$397,179	$66,265	$463,444
JANET VOLD	CIO/COO	50.00	Key Emp	$412,677	$62,161	$474,838
STEPHAN GLONCHAK	CHIEF LENDING OFFICER	50.00	Key Emp	$334,187	$38,153	$372,340
SIMONE SURI	GENERAL COUNSEL	50.00	Key Emp	$339,660	$55,571	$395,231
BRAE OLSON	VP MARKETING	45.00	Highest	$182,816	$26,174	$208,990
SUSAN SHOLD	VP HUMAN RESOURCES	45.00	Highest	$162,987	$24,899	$187,886
ANDY JONESON	VP IT	45.00	Highest	$175,366	$25,549	$200,915
MARISA JERAMA	VP RETAIL MANAGEMENT	45.00	Highest	$159,669	$33,023	$192,692
CORY STENSON	MORTGAGE MANAGER	45.00	Highest	$153,472	$29,141	$182,613

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	$65,178,355	$60,606,630	$1,150,000,075	$4,571,725
2023	$60,672,514	$60,581,870	$1,193,596,347	$90,644
2022	$46,427,247	$46,777,629	$1,152,300,712	$-350,382
2021	$45,708,037	$38,334,935	$1,064,400,556	$7,373,102
2020	$43,835,054	$37,131,319	$927,228,890	$6,703,735
2019	$41,235,372	$35,023,183	$796,073,008	$6,212,189
2018	$38,043,681	$33,020,549	$738,388,167	$5,023,132

MEMBERS COOPERATIVE CREDIT UNION