PEOPLES CHOICE 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

1935

Legal Domicile

Principal Officer

SHELLEY COLE

Phone

6202519280

Tax Period

2025-01-01 to 2025-12-31

PEOPLES CHOICE CREDIT UNION, founded in 1935, is a small nonprofit that reported $362K in total revenue in fiscal year 2025. Net assets of $1.8M represent 59 months of operating reserves.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIIAL STRENGTH OF THE CREDIT UNION.

Program Service Accomplishments

Program 1

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 602 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 293 MEMBER LOANS OUTSTANDING TOTALING $2,881,127.

Program 3

PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $17,419 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 $273,438

Investment Income $86,053

Other Revenue $2,139

TOTAL REVENUE $361,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,725

Fundraising Expenses $0

Other Expenses $223,525

TOTAL EXPENSES $384,250

Year-over-Year Comparison

	2025	2024	Change
Revenue	$361,630	$377,921	0.0%
Expenses	$384,250	$376,409	+0.0%
Net Income	$-22,620	$1,512	-16.0%

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

$62,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP MERRIMAN	CHAIRMAN	1.00	Director	$0	$0	$0
F JAY POWELL	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JEFF JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE MAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY JOHNSON	SECRETARY	0.00	Director	$0	$0	$0
SHELLEY COLE	MANAGER/TREASURER (CURRENT	40.00	Officer	$51,923	$10,347	$62,270

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	$361,630	$384,250	$6,632,085	$-22,620
2024	$377,921	$376,409	$7,122,592	$1,512
2023	$365,934	$320,113	$7,713,881	$45,821
2022	$329,082	$299,998	$7,694,764	$29,084
2021	$315,262	$278,901	$7,771,360	$36,361
2020	$332,035	$287,456	$7,959,184	$44,579
2019	$351,291	$235,503	$6,684,500	$115,788
2018	$335,890	$378,433	$6,814,208	$-42,543