MILLENNIUM CORPORATE 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

1951

Legal Domicile

Principal Officer

ELIZABETH C NEIGHBORS

Phone

3167212600

Tax Period

2025-01-01 to 2025-12-31

MILLENNIUM CORPORATE CREDIT UNION, founded in 1951, is a major nonprofit that reported $102.0M in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $92.1M left a modest 10% surplus.

Mission

MILLENNIUM CORPORATE SERVES AS A FINANCIAL INTERMEDIARY FOR THE CREDIT UNIONS WHICH COMPRISE ITS MEMBERSHIP, AND ITS ACTIVITIES ARE DIRECTED TO THE SUPPORT OF THAT INTERDEPENDENT GROUP.

Program Service Accomplishments

Program 1

MILLENNIUM CORPORATE, NON-PROFIT, INCORPORATED UNDER KANSAS STATUTES FOR THE PURPOSES OF PROVIDING CORRESPONDENT SERVICES, ASSET-LIABILITY MANAGEMENT ANALYSIS AND INVESTMENTS TO MEMBER CREDIT UNIONS WHO IN TURN SERVE THEIR MEMBERS (INDIVIDUAL CUSTOMERS) BY CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING OTHER PRODUCTS AND SERVICES TO IMPROVE MEMBERS' ECONOMIC AND SOCIAL CONDITIONS.

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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 $8,044,935

Investment Income $93,907,055

Other Revenue $0

TOTAL REVENUE $101,951,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,804,191

Fundraising Expenses $0

Other Expenses $87,258,603

TOTAL EXPENSES $92,062,794

Year-over-Year Comparison

	2025	2024	Change
Revenue	$101,951,990	$83,803,137	+0.2%
Expenses	$92,062,794	$72,980,439	+0.3%
Net Income	$9,889,196	$10,822,698	-0.1%

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

$949,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG WINKLER	VICE CHAIRMAN	3.00	Director	$0	$0	$0
TED UNDERWOOD	SECRETAR	3.00	Director	$0	$0	$0
LARAE KRAEMER	DIRECTOR	3.00	Director	$0	$0	$0
JOHN HAGEMAN	TREASURER	3.00	Director	$0	$0	$0
MICHAEL AUGUSTINE	CHAIRMAN	3.00	Director	$0	$0	$0
KEVIN STUBBLEFIELD	DIRECTOR	3.00	Director	$0	$0	$0
DEE SCHRINER	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN BRUESEKE	DIRECTOR	3.00	Director	$0	$0	$0
JAY NEATHERY	DIRECTOR	3.00	Director	$0	$0	$0
KENT R GLEASON	FORMER PRESIDENT/CEO	50.00	Officer	$150,453	$13,354	$163,807
BRADY H MCLEOD	FORMER PRESIDENT/CEO	50.00	Officer	$261,202	$18,768	$279,970
KIP D POE	INTERIM PRESIDENT/CEO	50.00	Officer	$167,195	$32,208	$199,403
ELIZABETH C NEIGHBORS	VP - ACCOUNTING	50.00	Officer	$135,271	$13,451	$148,722
HEATHER L SEILER	INTERIM PRESIDENT/CEO	50.00	Officer	$127,154	$30,081	$157,235
WALTER G THOMPSON	AIM MANAGER & SENIOR FINAN	50.00	Highest	$190,171	$33,280	$223,451
RACHEL DULANEY	AIM DIRECTOR OF ALM	50.00	Highest	$139,153	$21,547	$160,700
CHRISTOPHER HAGEMAN	AIM DIRECTOR OF INVESTMENT	50.00	Highest	$178,899	$25,578	$204,477
JULIE CHAPIN	AIM MANAGER & SENIOR FINAN	50.00	Highest	$118,708	$14,093	$132,801

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	$101,951,990	$92,062,794	$2,108,053,905	$9,889,196
2024	$83,803,137	$72,980,439	$1,639,527,718	$10,822,698
2023	$65,168,692	$43,746,978	$1,287,261,055	$21,421,714
2022	$50,281,305	$33,601,669	$1,167,187,630	$16,679,636
2021	$44,466,623	$23,123,303	$1,676,715,852	$21,343,320
2020	$13,161,378	$10,016,213	$1,558,506,533	$3,145,165