VOLUNTEER CORPORATE CREDIT UNION (EIN 621120233) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

JUSTIN HOLT

Phone

6152327900

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER CORPORATE CREDIT UNION, founded in 1981, is a major nonprofit that reported $150.2M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $135.4M left a modest 10% surplus.

Mission

INSPIRING CREDIT UNIONS TO REACH NEW HEIGHTS BY PROVIDING DYNAMIC PAYMENT SOLUTIONS, CUSTOM INVESTMENT SERVICES, AND UNPARALLELED MEMBER SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $142,627,709

Other Revenue $7,611,950

TOTAL REVENUE $150,239,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,051,937

Fundraising Expenses $0

Program Expenses $135,383,196

Other Expenses $124,331,259

TOTAL EXPENSES $135,383,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,239,659	$118,810,831	+0.3%
Expenses	$135,383,196	$98,234,687	+0.4%
Net Income	$14,856,463	$20,576,144	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,325,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY ARANT BOULT CUMMINGS LLP	GENERAL COUNSEL	1.00	Director	$0	$0	$0
DEBBIE JONES	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HESTER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TROTTER	DIRECTOR	1.00	Director	$0	$0	$0
ERIN WALTER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COOPER	SECRETARY	1.00	Director	$0	$0	$0
NICK ARVON	DIRECTOR	1.00	Director	$0	$0	$0
RON SMITH	TREASURER	1.00	Director	$0	$0	$0
TODD SWIMS	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JOHN JACOWAY	CHAIRMAN	1.00	Director	$0	$0	$0
JUSTIN HOLT	CHIEF FINANCIAL OFFICER	40.00	Officer	$220,134	$38,037	$258,171
CHRISTINA ADKISON	CHIEF EXPERIENCE OFFICER	40.00	Officer	$233,081	$47,479	$280,560
JEFFREY DATO	EVP/COO	40.00	Officer	$327,879	$58,380	$386,259
PHILLIP COCHRAN	SVP/CHIEF INVESTMENT OFFIC	40.00	Officer	$337,600	$44,691	$382,291
BEN WILLIAMS	VP IT STRATEGIC PROJECTS	40.00	Officer	$214,634	$39,175	$253,809
JEFFREY MERRY	PRESIDENT/CEO	40.00	Officer	$690,583	$73,946	$764,529
LARRY WADE STAPLETON	VP, MARKETING AND COMMUNIC	40.00	Highest	$162,532	$25,566	$188,098
MICHELLE DOUGLAS	VP, PAYMENTS AND OPERATIONS	40.00	Highest	$153,213	$41,594	$194,807
JOSH YATES	DIRECTOR SOFTWARE DEVELOPM	40.00	Highest	$169,557	$43,022	$212,579
JEFF CANTRELL	VP INFORMATION TECHNOLOGY	40.00	Highest	$235,571	$50,114	$285,685

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
2024	$150,239,659	$135,383,196	$1,625,364,492	$14,856,463
2023	$118,810,831	$98,234,687	$1,830,519,716	$20,576,144
2022	$78,897,689	$52,267,070	$1,546,022,853	$26,630,619
2021	$49,925,746	$20,016,290	$2,404,399,500	$29,909,456
2020	$20,915,133	$17,162,795	$2,500,981,054	$3,752,338
2019	$40,461,745	$33,585,001	$1,339,904,120	$6,876,744
2018	$34,288,326	$27,588,771	$1,212,932,507	$6,699,555

VOLUNTEER CORPORATE CREDIT UNION