VERIDIAN 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

1934

Legal Domicile

Principal Officer

KEITH J MESCH

Phone

3192365600

Tax Period

2024-01-01 to 2024-12-31

VERIDIAN CREDIT UNION, founded in 1934, is a major nonprofit in the Public & Societal Benefit sector that reported $459.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $93.4M, a strong 20% operating margin.

Mission

THE MISSION OF VERIDIAN CREDIT UNION IS TO PARTNER WITH MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES.

Program Service Accomplishments

Program 1

VERIDIAN CREDIT UNION SERVED APPROXIMATELY 349,551 MEMBERS AT OUR CONVENIENT BRANCH LOCATIONS. VERIDIAN CREDIT UNION ADDED 42,572 NEW MEMBERSHIPS IN 2024. TOTAL LOANS AND DEPOSITS AT 12/31/2024 WERE...

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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 $386,960,773

Investment Income $24,287,603

Other Revenue $48,507,143

TOTAL REVENUE $459,755,519

Expense Breakdown

Grants Paid $985,368

Salaries & Benefits $92,383,604

Fundraising Expenses $0

Other Expenses $273,025,465

TOTAL EXPENSES $366,394,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,755,519	$393,776,056	+0.2%
Expenses	$366,394,437	$320,519,571	+0.1%
Net Income	$93,361,082	$73,256,485	+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

1284

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

$2,236,805

Total Directors

$39,372

Key Employees

$2,121,407

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE ATKIN	CHAIRPERSON	6.00	Officer Director	$782	$0	$782
PAMELA AYRES	FORMER BOARD OF DIRECTOR	6.00	Director	$98	$0	$98
EMSAD BEGIC	BOARD OF DIRECTOR	6.00	Director	$485	$0	$485
WILLIAM BOEVERS	SECRETARY	6.00	Officer Director	$1,885	$0	$1,885
CYNTHIA BUETTNER	BOARD OF DIRECTOR	6.00	Director	$135	$0	$135
JAMES KACHER	BOARD OF DIRECTOR	6.00	Director	$0	$0	$0
BOB KRESSIG	BOARD OF DIRECTOR	6.00	Director	$0	$0	$0
LARRY LOSS	BOARD OF DIRECTOR	6.00	Director	$1,721	$0	$1,721
TRACI MCBEE	CHAIRPERSON ELECT	6.00	Officer Director	$2,468	$0	$2,468
WILL MONTGOMERY	BOARD OF DIRECTOR	6.00	Director	$2,110	$0	$2,110
CINDY SPROLE	BOARD OF DIRECTOR	6.00	Director	$798	$0	$798
JUSTINE TEUT	BOARD OF DIRECTOR	6.00	Director	$24,356	$0	$24,356
AUBREY WARD	BOARD OF DIRECTOR	6.00	Director	$4,534	$0	$4,534
NICK WATERS	TREASURER	6.00	Officer Director	$0	$0	$0
RENEE CHRISTOFFER	PRESIDENT/CEO	50.00	Officer	$1,206,516	$301,023	$1,507,539
KEITH MESCH	CHIEF FINANCIAL OFFICER	50.00	Officer	$535,227	$188,904	$724,131
BRETT ENGSTROM	CHIEF INFORMATION OFFICER	50.00	Key Emp	$405,967	$147,813	$553,780
MARK KOPPEDRYER	CHIEF EXPERIENCE OFFICER	50.00	Key Emp	$383,968	$164,741	$548,709
SHAWNA MATZ	CHIEF PEOPLE OFFICER	50.00	Key Emp	$373,685	$123,808	$497,493
KARA VANWERT	CHIEF LENDING OFFICER	50.00	Key Emp	$374,342	$147,083	$521,425
CHRISTI HULME	VP OF MEMBER CONTACT CENTER	50.00	Highest	$250,036	$87,977	$338,013
EMILY L KUNTZ	VP - CONTROLLER	50.00	Highest	$266,451	$85,517	$351,968
GREGORY SLESSOR	SENIOR VP OF LEGAL	50.00	Highest	$367,523	$121,671	$489,194
STEVEN LINDAMAN	VP OF COMMERCIAL AND MORTGAGE	50.00	Highest	$247,201	$88,198	$335,399
MOLLY SCHMIDT	VP OF INFORMATION TECHNOLOGY	50.00	Highest	$224,450	$88,928	$313,378
DOUGLAS GILBERTSON	FORMER CHIEF OPERATIONS OFFICER	0.00		$563,602	$26,003	$589,605

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	$459,755,519	$366,394,437	$7,964,809,440	$93,361,082
2023	$393,776,056	$320,519,571	$7,452,103,478	$73,256,485
2022	$308,336,218	$208,710,140	$6,898,328,206	$99,626,078
2021	$284,905,474	$165,949,826	$5,861,265,762	$118,955,648
2020	$250,686,437	$183,953,952	$5,127,625,899	$66,732,485
2019	$232,895,621	$179,934,722	$4,348,513,312	$52,960,899
2018	$201,526,798	$150,898,268	$4,142,827,269	$50,628,530