CSD 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

1959

Legal Domicile

Principal Officer

EDWARD WATTS

Phone

8167634020

Tax Period

2025-01-01 to 2025-12-31

CSD CREDIT UNION, founded in 1959, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2025. Expenses of $3.9M left a modest 14% surplus.

Mission

CSD CREDIT UNION IS A MEMBER OWNED NOT-FOR-PROFIT COOPERATIVE ESTABLISHED TO PROVIDE CONVENIENT AND COMPETITIVE FINANCIAL SERVICES. ITS GOAL IS TO ENCOURAGE FINANCIAL INDEPENDENCE THROUGH PERSONALIZED SERVICES AND SOUND FINANCIAL COUNSELING.

Program Service Accomplishments

Program 1

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 5,828 MEMBERS.

Program 2

PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2025, THERE WERE 2,475 LOANS OUTSTANDING TOTALING $38,019,975.

Program 3

PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,224,572 FOR THE YEAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,850,597

Investment Income $1,611,757

Other Revenue $11,171

TOTAL REVENUE $4,473,525

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $1,415,259

Fundraising Expenses $0

Other Expenses $2,451,315

TOTAL EXPENSES $3,869,074

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,473,525	$4,232,822	+0.1%
Expenses	$3,869,074	$3,430,411	+0.1%
Net Income	$604,451	$802,411	-0.2%

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

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

$179,829

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDA MARKLEY	CHAIRPERSON	1.00	Director	$0	$0	$0
KENNETH MCCRARY	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
SAMUEL SCHISSLER	TREASURER	1.00	Director	$0	$0	$0
LINDA WHITFORD	SECRETARY	1.00	Director	$0	$0	$0
DARCI WILLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD WATTS	PRESIDENT	40.00	Officer	$155,408	$24,421	$179,829

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	$4,473,525	$3,869,074	$87,357,123	$604,451
2024	$4,232,822	$3,430,411	$77,024,523	$802,411
2023	$3,435,712	$2,603,278	$74,497,803	$832,434
2022	$2,351,686	$2,011,520	$71,766,536	$340,166
2021	$2,065,109	$1,693,909	$59,738,527	$371,200
2020	$1,907,473	$1,608,541	$53,372,392	$298,932
2019	$1,831,030	$1,758,424	$40,888,332	$72,606
2018	$1,629,515	$1,388,701	$39,668,468	$240,814