MY CREDIT UNION (EIN 410824021) - 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

1957

Legal Domicile

Principal Officer

GREG WORTHEN

Phone

6127987100

Tax Period

2024-01-01 to 2024-12-31

MY CREDIT UNION, founded in 1957, is a mid-sized nonprofit that reported $19.1M in total revenue in fiscal year 2024. Expenses of $18.4M left a modest 4% surplus.

Mission

TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO OUR QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.

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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 $18,367,579

Investment Income $305,073

Other Revenue $469,182

TOTAL REVENUE $19,141,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,286,201

Fundraising Expenses $0

Other Expenses $8,902,542

TOTAL EXPENSES $18,447,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,141,834	$18,658,180	+0.0%
Expenses	$18,447,257	$16,577,395	+0.1%
Net Income	$694,577	$2,080,785	-0.7%

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

103

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

$1,835,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HABECK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN SUAREZ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT HOFFHINES	TREASURER	1.00	Officer Director	$0	$0	$0
TERESA KRUSE	SECRETARY	1.00	Director	$0	$0	$0
DYLAN KLOPP	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAM ROSENBERG	DIRECTOR'	1.00	Director	$0	$0	$0
LUANN WERNER	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE SCHERER	DIRECTOR	1.00	Director	$0	$0	$0
GREG WORTHEN	PRESIDENT	40.00	Officer	$454,385	$39,908	$494,293
RICK RASMUSSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$230,664	$27,533	$258,197
KAREN HOEPPNER	VICE PRESIDENT, LENDING	40.00	Officer	$208,923	$11,986	$220,909
JOHN DEBETTIGNIES	VICE PRESIDENT, MEMBER SER	40.00	Officer	$191,845	$11,436	$203,281
PIERRE MERLIN	VICE PRESIDENT, IT	40.00	Officer	$202,112	$15,097	$217,209
TODD BARDUSON	VICE PRESIDENT, MARKETING	40.00	Officer	$143,992	$13,718	$157,710
TERRY STIREWALT	VICE PRESIDENT, COMMERCIAL	40.00	Officer	$113,214	$7,044	$120,258
JULIE PRIBBLE	VICE PRESIDENT, HR	40.00	Officer	$140,007	$23,958	$163,965
CHRISTOPHER GUARNERA	VP OF COMMERCIAL SERVICES	40.00	Highest	$138,269	$29,245	$167,514
BRADEN WELCH	DIRECTOR OF IT	40.00	Highest	$120,259	$14,986	$135,245

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	$19,141,834	$18,447,257	$376,551,920	$694,577
2023	$18,658,180	$16,577,395	$386,343,958	$2,080,785
2022	$18,120,740	$15,133,709	$399,653,229	$2,987,031
2021	$17,620,611	$13,867,144	$393,544,128	$3,753,467
2020	$13,861,459	$13,644,511	$350,249,139	$216,948
2019	$12,977,702	$12,198,185	$307,549,200	$779,517
2018	$11,746,703	$10,752,916	$289,473,840	$993,787

MY CREDIT UNION