MEMBERS UNITED CREDIT UNION (EIN 580899628) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

LIZ GILMORE

Phone

2294391448

Tax Period

2020-01-01 to 2020-12-31

MEMBERS UNITED CREDIT UNION, founded in 1991, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2020. Revenue decreased 6% compared to the prior year. Net assets of $9.1M represent 33 months of operating reserves.

Mission

PROVIDE FINANCIAL SERVICE TO THE MEMBERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,843,426

Investment Income $297,019

Other Revenue $1,192,860

TOTAL REVENUE $3,333,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,574,591

Fundraising Expenses $0

Other Expenses $1,744,950

TOTAL EXPENSES $3,319,541

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,333,305	$3,538,493	-0.1%
Expenses	$3,319,541	$3,872,540	-0.1%
Net Income	$13,764	$-334,047	-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

1201

Independent Members

1201

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

$75,700

Total Directors

Key Employees

$137,085

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL ADAMS	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES HAMMOND	CHAIRPERSON	0.00	Director	$0	$0	$0
EDWARD MILLER	SUPERVISORY COMMITTE CHAIRPERSON	0.00	Officer	$0	$0	$0
DEBRA RICHARDSON	BOARD MEMBER	0.00	Director	$0	$0	$0
VICKIE ADCOX	SUPERVISORY COMMITTEE MEMBER	0.00	Director	$0	$0	$0
JANET GILMORE	CEO	40.00	Key Emp Highest	$137,085	$0	$137,085
GAIL HAICK	SUPERVISORY COMMITTE MEMBER	0.00	Officer	$0	$0	$0
BEN JOHNSON SR	BOARD MEMBER, OTHER	0.00	Director	$0	$0	$0
ANGELA HITT	CFO	40.00	Officer	$75,700	$0	$75,700
MARIE GATLIN	SUPERVISORY COMMITTEE MEMBER	0.00	Officer	$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
2020	$3,333,305	$3,319,541	$66,287,508	$13,764
2019	$3,538,493	$3,872,540	$60,322,872	$-334,047
2018	$4,031,533	$3,930,162	$64,776,549	$101,371

MEMBERS UNITED CREDIT UNION