MEMBERS1ST COMMUNITY 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

NICK TONELLI

Phone

6417521582

Tax Period

2024-01-01 to 2024-12-31

MEMBERS1ST COMMUNITY CREDIT UNION, founded in 1964, is a mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $14.1M left a modest 11% surplus.

Mission

THE CREDIT UNION IS A FINANCIAL COOPERATIVE THAT PROVIDES DEPOSIT, LOAN, AND OTHER FINANCIAL SERVICES TO OUR MEMBER OWNERS.

Program Service Accomplishments

Program 1

Expenses: $14,148,299 Revenue: $13,060,733

AS A STATE CHARTERED CREDIT UNION WE PROVIDE A VARIETY OF DEPOSITORY AND LENDING SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION ALSO MAKES AVAILABLE SUPPLEMENTARY FINANICAL SERVICES INCLUDING...

AS A STATE CHARTERED CREDIT UNION WE PROVIDE A VARIETY OF DEPOSITORY AND LENDING SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION ALSO MAKES AVAILABLE SUPPLEMENTARY FINANICAL SERVICES INCLUDING ELECTRONIC SERVICES SUCH AS ONLINE BANKING, DEBIT CARDS, ATMS, ONLINE BILLPAY AS WELL AS IN-PERSON SERVICES LIKE CASH SERVICES, SAFE DEPOSIT BOXES, SAVINGS BOND REDEMPTION, NOTARY SERVICES AND FINANCIAL EDUCATION. THE CREDIT UNION SERVED 20,042 MEMBERS AS OF 12/31/24

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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 $10,796,262

Investment Income $3,037,218

Other Revenue $2,086,126

TOTAL REVENUE $15,919,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,801,496

Fundraising Expenses $0

Program Expenses $14,148,299

Other Expenses $9,346,803

TOTAL EXPENSES $14,148,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,919,606	$11,956,678	+0.3%
Expenses	$14,148,299	$10,591,203	+0.3%
Net Income	$1,771,307	$1,365,475	+0.3%

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

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

$580,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MOLITOR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN DOSTART	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JACK EVANS	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG MARKLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JON NUNEZ	DIRECTOR	1.00	Director	$0	$0	$0
DIRK DAHMS	DIRECTOR	1.00	Director	$0	$0	$0
RONDA KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
TAMI LICHTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BEENKEN- DRAPER	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS TONELLI	CEO	55.00	Officer	$252,328	$33,676	$286,004
THOMAS BLANFORD	CFO	55.00	Officer	$137,374	$19,300	$156,674
ERIC KRIEGER	VICE PRESIDENT OF LENDING	45.00	Officer	$125,042	$13,078	$138,120
AMY LANG	DIRECTOR OF BUSINESS SERVICES	50.00	Highest	$101,909	$10,556	$112,465

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	No data	No data	No data	No data
2024	$15,919,606	$14,148,299	$271,103,287	$1,771,307
2023	$11,956,678	$10,591,203	$260,872,184	$1,365,475
2022	$8,850,118	$7,573,629	$237,018,229	$1,276,489
2021	$8,090,097	$6,871,051	$239,859,942	$1,219,046
2020	$7,830,882	$6,935,077	$227,098,240	$895,805
2019	$7,960,513	$6,514,903	$177,733,915	$1,445,610
2018	$7,228,648	$5,877,420	$169,759,406	$1,351,228