FORT MCCLELLAN 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

1953

Legal Domicile

Principal Officer

ANGELA SMITH

Phone

2562372113

Tax Period

2024-01-01 to 2024-12-31

FORT MCCLELLAN CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

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: $11,616,451

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. FORT MCCLELLAN CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS. THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PRIMARILY PERSONS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN CALHOUN, CLEBURNE, TALLADEGA, CLAY, RANDOLPH, CHEROKEE, ETOWAH, ST. CLAIR, AND CHAMBERS COUNTIES, ALABAMA; CITY, COUNTY STATE, AND FEDERAL EMPLOYEES LIVING OR WORKING IN ST. CLAIR AND ETOWAH COUNTIES; NATIONAL GUARD AND US ARMY RESERVE PERSONNEL WITHIN THE TRADE AREA OF FMCU; AND THEIR RELATIVES. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 15,477 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,945,702

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,945,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,529,079

Fundraising Expenses $0

Program Expenses $11,616,451

Other Expenses $8,087,372

TOTAL EXPENSES $11,616,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,945,702	$10,075,031	+0.1%
Expenses	$11,616,451	$10,847,503	+0.1%
Net Income	$-670,749	$-772,472	-0.1%

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

$616,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSPEH ROBERTSON RETIRED 2024	DIRECTOR	2.50	Director	$0	$0	$0
KENNETH JOINER	BOARD VICE CHAIRPERSON	2.50	Director	$0	$0	$0
DARRELL WALDRUP RETIRED 2024	DIRECTOR	2.50	Director	$0	$0	$0
SUSAN TRAMMELL	BOARD SECRETARY, TREASURER	2.50	Director	$0	$0	$0
LOIDA CARTER	DIRECTOR	2.50	Director	$0	$0	$0
JEFF LEONARD	DIRECTOR	2.50	Director	$0	$0	$0
KYLE MEDDERS RETIRED 2024	DIRECTOR	2.50	Director	$0	$0	$0
KIM MCCARSON	DIRECTOR	2.50	Director	$0	$0	$0
VAN ROBERTS	BOARD CHAIRPERSON	2.50	Director	$0	$0	$0
PAMELA ROBERTSON RETIRED 2024	SUPERVISORY COMMITTEE MEMB	2.50	Director	$0	$0	$0
JONATHON BOBO	SUPERVISORY COMMITTEE CHAIR	2.50	Director	$0	$0	$0
SONYA HEATHCOCK	SUPERVISORY COMMITTEE MEMB	2.50	Director	$0	$0	$0
MICHAEL MCDERMOTT RETIRED 2024	SUPERVISORY COMMITTEE MEMB	2.50	Director	$0	$0	$0
ZACH VAN GIESON	SUPERVISORY COMMITTEE MEMB	2.50	Director	$0	$0	$0
ANN RAINEY	DIRECTOR	2.50	Director	$0	$0	$0
ALLEN SKELTON	BOARD CHAIRPERSON	2.50	Director	$0	$0	$0
CAROL DAVIDSON	DIRECTOR	2.50	Director	$0	$0	$0
ANGELA SMITH	CHIEF EXECUTIVE OFFICER	40.00	Officer	$168,892	$25,081	$193,973
JOHN TERRANO	CHIEF OPERATING OFFICER/HR	40.00	Officer	$143,452	$21,866	$165,318
TRENT BARNETT	CHIEF FINANCIAL OFFICER	40.00	Officer	$138,000	$12,928	$150,928
CHRISTIN GLANZE	SVP COMPLIANCE	40.00	Officer	$93,379	$12,902	$106,281

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	$10,945,702	$11,616,451	$219,592,573	$-670,749
2023	$10,075,031	$10,847,503	$234,158,502	$-772,472
2022	$8,315,286	$8,270,624	$233,224,923	$44,662
2021	$7,242,048	$7,817,464	$237,814,363	$-575,416
2020	$7,314,107	$7,684,409	$232,366,387	$-370,302
2019	$8,319,364	$9,114,851	$212,572,248	$-795,487
2018	$8,812,834	$8,059,597	$230,738,912	$753,237