MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMPHIS CITY EMPLOYEES CREDIT UNION, founded in 1969, is a mid-sized nonprofit that reported $29.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $27.2M left a modest 6% surplus.
THE CREDIT UNION PROVIDES VARIOUS FINANCIAL SERVICES TO ITS MEMBERS, MOST OF WHOM ARE EMPLOYEES OF THE CITY OF MEMPHIS, CITY OF BARTLETT, MLGW, COMMERCIAL APPEAL, SCRIPPS MEDIA COMAPNY, WMC FAMILY OF STATIONS, MEMPHIS BUSINESS JOURNAL, RONALD BARKER CONSTRUCTION COMPANY, COLLIERVILLE AUTO CENTER AND THE MEMPHIS AND SHELBY COUNTY LIBRARY, AND THE EMPLOYEES' FAMILIES.
STATE CHARTERED CREDIT UNION CREATED TO PROVIDE THE HIGHEST QUALITY OF PERSONAL FINANCIAL SERVICES IN A FRIENDLY, PROFESSIONAL MANNER; TO ENCOURAGE SAVINGS AND THE WISE USE OF CREDIT; TO INCREASE THE...
STATE CHARTERED CREDIT UNION CREATED TO PROVIDE THE HIGHEST QUALITY OF PERSONAL FINANCIAL SERVICES IN A FRIENDLY, PROFESSIONAL MANNER; TO ENCOURAGE SAVINGS AND THE WISE USE OF CREDIT; TO INCREASE THE KNOWLEDGE AND ABILITY OF OUR MEMBERS TO MANAGE AND CONTROL THEIR FINANCES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $28,993,090 | $26,086,110 | +0.1% |
| Expenses | $27,188,905 | $24,006,804 | +0.1% |
| Net Income | $1,804,185 | $2,079,306 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HETTIEANN SPENDLOVE | CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| DELPHONE HUBBARD | FIRST VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| JORGE WHITTEN ORTEGA | SECOND VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DARRYL PORTER | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| J HARVEY HERRING | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WANDA J CORCORAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES VAN STURDIVANT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH SWANN | PRESIDENT/CEO | 40.00 |
Officer
|
$707,237 | $7,025 | $714,262 |
| ALLEN PETERSON | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$343,444 | $7,100 | $350,544 |
| NATHAN STEVENS | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$302,226 | $7,428 | $309,654 |
| THOMAS MOATES | CHIEF INFORMATION OFFICER | 40.00 |
Highest
|
$245,811 | $5,287 | $251,098 |
| LETISHA SIMMONS | CHIEF RISK OFFICER | 40.00 |
Highest
|
$206,707 | $3,391 | $210,098 |
| DONNA BROWN | CHIEF LENDING OFFICER | 40.00 |
Highest
|
$174,471 | $3,438 | $177,909 |
| RALPH GABB | CONTROLLER | 40.00 |
Highest
|
$137,345 | $4,151 | $141,496 |
| AUDREY PINNER | VP OF MORTGAGE | 40.00 |
Highest
|
$130,064 | $1,365 | $131,429 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $28,993,090 | $27,188,905 | $455,354,464 | $1,804,185 |
| 2023 | $26,086,110 | $24,006,804 | $443,259,152 | $2,079,306 |
| 2022 | $23,689,199 | $20,820,305 | $442,390,600 | $2,868,894 |
| 2021 | $21,190,840 | $18,182,571 | $441,662,639 | $3,008,269 |
| 2020 | $20,584,059 | $19,043,612 | $399,234,146 | $1,540,447 |
| 2019 | $20,247,496 | $17,392,892 | $333,261,695 | $2,854,604 |
| 2018 | $16,926,900 | $14,278,131 | $301,196,525 | $2,648,769 |
Compare MEMPHIS CITY EMPLOYEES CREDIT UNION with other nonprofits in Tennessee and across the country.