WCU CREDIT UNION

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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

1948

Legal Domicile

Principal Officer

STEVEN DETERMAN

Phone

2563555010

Tax Period

2025-01-01 to 2025-12-31

WCU CREDIT UNION, founded in 1948, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2025. Expenses of $1.8M left a modest 9% surplus.

Mission

THIS CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT FINANCIAL INSTITUTION, CHARTERED UNDER THE ALABAMA CREDIT UNION ACT (CODE OF ALABAMA, 1975, TITLE 5 CHAPTER 17). ITS PRIMARY PURPOSE IS THE ENCOURAGEMENT OF THRIFT, THE CREATION OF A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND THE PROVISION OF OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

Program Service Accomplishments

Program 1

Expenses: $1,751,452

CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. WCU CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE THESE SERVICES TO ITS MEMBERS WHO LIVE, WORK, OR WORSHIP IN MORGAN AND LAWRENCE COUNTIES, ALABAMA, THE IMMEDIATE FAMILIES OF CURRENT MEMBERS, AND OTHER SUCH GROUPS AS ARE APPROVED BY THE BOARD OF DIRECTORS AND THE ADMINISTRATOR OF THE ALABAMA CREDIT UNION ADMINISTRATION. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 3,386 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,922,282

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,922,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,976

Fundraising Expenses $0

Program Expenses $1,751,452

Other Expenses $963,476

TOTAL EXPENSES $1,751,452

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,922,282	$1,959,860	0.0%
Expenses	$1,751,452	$1,813,567	0.0%
Net Income	$170,830	$146,293	+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

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

$103,514

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE ETHEREDGE	CHAIRMAN OF BOARD	1.00	Director	$0	$0	$0
MARK MOODY	VICE CHAIRMAN	1.00	Director	$0	$0	$0
AARON BELL	TREASURER	1.00	Director	$0	$0	$0
SHAWN GARTH	SECRETARY	1.00	Director	$0	$0	$0
BOBBY SPEEGLE	DIRECTOR	1.00	Director	$0	$0	$0
GINA BRISCOE	DIRECTOR	1.00	Director	$0	$0	$0
JIM BURLESON	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL SPIGLE	SUPERVISORY COMMITTEE CHAIRPERSON	1.00	Director	$0	$0	$0
MIKE BRISCOE	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
BRUCE YOUNG	SUPERVISORY COMMITTEE CHAIRPERSON	1.00	Director	$0	$0	$0
STEVEN DETERMAN	CEO	45.00	Officer	$102,381	$1,133	$103,514

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	$1,922,282	$1,751,452	$34,079,763	$170,830
2024	$1,959,860	$1,813,567	$34,439,075	$146,293
2023	$1,811,705	$1,558,795	$33,828,715	$252,910
2022	$1,433,001	$1,407,633	$35,953,682	$25,368
2021	$1,252,585	$1,320,400	$35,434,621	$-67,815
2020	$1,321,478	$1,379,422	$31,658,558	$-57,944
2019	$1,473,487	$1,390,065	$26,633,904	$83,422
2018	$1,455,128	$1,343,337	$25,115,151	$111,791