LOUISVILLE FEDERAL CREDIT UNION

EIN: 610264070

LOUISVILLE, KY

Total Revenue
$1,392,143
Total Expenses
$1,200,783
Total Assets
$32,903,173
Net Assets
$7,357,071
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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
1924
Legal Domicile
KY
Principal Officer
TRACYE THOMPSON
Phone
5024582681
Tax Period
2025-01-01 to 2025-12-31

LOUISVILLE FEDERAL CREDIT UNION, founded in 1924, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 14% surplus.

Mission

LOUISVILLE FEDERAL CREDIT UNION PROVIDES AND PROMOTES THE USE OF A VARIETY OF FINANCIAL SERVICES WHICH FEATURE PARTICULAR BENEFITS AND ADVANTAGES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES, WITH THE SPECIFIC INTENT OF HELPING MEMBERS GAIN SOME PARTICULAR MEASURE OF PERSONAL FINANCIAL SUCCESS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $585,745
Investment Income $747,273
Other Revenue $59,125
TOTAL REVENUE $1,392,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $456,820
Fundraising Expenses $0
Program Expenses $1,200,783
Other Expenses $743,963
TOTAL EXPENSES $1,200,783

Year-over-Year Comparison

2025 2024 Change
Revenue $1,392,143 $1,193,557 +0.2%
Expenses $1,200,783 $1,028,083 +0.2%
Net Income $191,360 $165,474 +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

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Governance

Voting Members
7
Independent Members
7
Employees
7
Volunteers
10

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
2
$152,025
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACYE THOMPSON CEO 40.00
Officer
$135,193 $16,832 $152,025
WILLIAM BARTLEY BOARD MEMBER 1.00
Director
$0 $0 $0
SUZETTE BOESING BOARD CHAIR 1.00
Director
$0 $0 $0
JOHN M CLARY BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES K KIEFER BOARD VICE C 1.00
Director
$0 $0 $0
STEVE MUELLER BOARD MEMBER 1.00
Director
$0 $0 $0
CARMEN TYLER BOARD AND SC 1.00
Director
$0 $0 $0
STEVE WICK BOARD SEC/TR 1.00
Director
$0 $0 $0
LASZLO SIMONYI SC MEM 1.00
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
2025 $1,392,143 $1,200,783 $32,903,173 $191,360
2024 $1,193,557 $1,028,083 $31,081,512 $165,474
2023 $984,131 $889,600 $31,962,911 $94,531
2022 $933,895 $706,308 $34,231,477 $227,587
2021 $954,283 $779,263 $34,958,624 $175,020
2020 $1,063,970 $859,794 $35,474,712 $204,176
2019 $1,241,466 $869,516 $32,276,890 $371,950
2018 $1,152,408 $979,257 $32,533,948 $173,151
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