STATE CHARTERED CREDIT UNION IN NC

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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

1946

Legal Domicile

Principal Officer

WILLIAM L ROBERTS

Phone

8284561840

Tax Period

2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNION IN NC, founded in 1946, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 14% surplus.

Mission

STATE CHARTERED CREDIT UNION

Program Service Accomplishments

Program 1

Expenses: $3,482,600 Revenue: $3,412,576

WNC COMMUNITY CREDIT UNION SERVES INDIVIDUALS WHO RESIDE OR ARE EMPLOYED IN HAYWOOD AND JACKSON COUNTIES OF NORTH CAROLINA. ONCE MEMBERS BECOME ACTIVE, THEY RETAIN THEIR RIGHT OF MEMBERSHIP EVEN IF THERE IS A CHANGE IN EMPLOYMENT OR RESIDENCE. THE CREDIT UNION IS A PFI (PRIMARY FINANCIAL INSTITUTION) FOR MANY OF THE MEMBERS. SERVICES OFFERED INCLUDE SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, IRAS AND CHRISTMAS CLUB ACCOUNTS. ALSO AVAILABLE ARE DEBIT CARDS, CASHIER'S CHECKS, DIRECT DEPOSITS, NOTARY SERVICES, ONLINE BANKING SCHOLARSHIPS, AUDIO-RESPONSE, MORTGAGES AND CONSUMER LOANS.

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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 $3,412,576

Investment Income $659,874

Other Revenue $0

TOTAL REVENUE $4,072,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,028,990

Fundraising Expenses $0

Program Expenses $3,482,600

Other Expenses $2,492,535

TOTAL EXPENSES $3,521,525

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,072,450	$3,720,742	+0.1%
Expenses	$3,521,525	$3,441,299	+0.0%
Net Income	$550,925	$279,443	+1.0%

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

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

$181,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM L ROBERTS	CEO	40.00	Officer	$111,938	$0	$111,938
BRENTON FISHER	CFO	40.00	Officer	$69,538	$0	$69,538
BRIDGETTE BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY CAPPS	BOD VICE CHA	1.00	Officer Director	$0	$0	$0
BOBBY COGDILL	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL CRAWFORD	BOD CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANICE HALL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PLEMMONS	DIRECTOR	1.00	Director	$0	$0	$0
ROGER WRIGHT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0

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	$4,072,450	$3,521,525	$95,135,567	$550,925
2024	$3,720,742	$3,441,299	$90,687,896	$279,443
2023	$3,418,199	$2,926,082	$101,646,194	$492,117
2022	$3,030,686	$2,192,286	$101,482,184	$838,400
2021	$2,731,622	$2,218,378	$101,870,713	$513,244
2020	$2,806,169	$2,182,581	$91,768,384	$623,588
2019	$2,977,724	$2,571,294	$82,717,800	$406,430
2018	$2,832,956	$2,667,529	$81,793,922	$165,427