UNITED CREDIT UNION

EIN: 420796971

Council Bluffs, IA

Total Revenue
$607,526
Total Expenses
$1,201,623
Total Assets
$18,834,039
Net Assets
$1,471,860
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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
1953
Legal Domicile
IA
Principal Officer
Andrena MacLeod
Phone
7123220841
Tax Period
2023-01-01 to 2023-12-31

UNITED CREDIT UNION, founded in 1953, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 98% operating deficit.

Mission

provide financial services to qualified members in Pottawattamie County, Iowa

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $287,734
Investment Income $212,367
Other Revenue $107,425
TOTAL REVENUE $607,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,394
Fundraising Expenses $0
Program Expenses $1,201,623
Other Expenses $917,229
TOTAL EXPENSES $1,201,623

Year-over-Year Comparison

2023 2022 Change
Revenue $607,526 $575,659 +0.1%
Expenses $1,201,623 $533,067 +1.3%
Net Income $-594,097 $42,592 -14.9%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
4
Volunteers
6

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
2
$128,408
Total Directors
6
$0
Key Employees
2
$128,408
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrena MacLeod CEO 40
Officer Key Emp
$72,621 $0 $72,621
Teri Hendrix Vice President 40
Officer Key Emp
$55,787 $0 $55,787
Lindsay Andersen Chairman of the Board 0
Director
$0 $0 $0
Irene Angeroth Vice Chairman 0
Director
$0 $0 $0
Chris Hanstein Board Member 0
Director
$0 $0 $0
Clara Athay McDowell CFO 0
Director
$0 $0 $0
Toni Caputo Secrectary 0
Director
$0 $0 $0
John Harrison Board Member 0
Director
$0 $0 $0
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
2023 $607,526 $1,201,623 $18,834,039 $-594,097
2022 $575,659 $533,067 $20,900,176 $42,592
2021 $555,737 $518,458 $21,111,415 $37,279
2020 $592,947 $549,768 $20,199,447 $43,179
2019 $647,346 $536,446 $16,812,357 $110,900
2018 $642,488 $502,366 $16,478,125 $140,122
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