AUBURN UNIVERSITY CREDIT UNION

EIN: 630422553

AUBURN, AL

Total Revenue
$11,945,981
Total Expenses
$11,066,963
Total Assets
$242,567,364
Net Assets
$17,772,954
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
AL
Principal Officer
HENRY H ARMSTRONG
Phone
3348444120
Tax Period
2024-01-01 to 2024-12-31

AUBURN UNIVERSITY CREDIT UNION, founded in 1960, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2019. Expenses of $4.9M left a modest 12% surplus.

Mission

THE MISSION OF AUBURN UNIVERSITY CREDIT UNION IS THREE-FOLD: TO PROVIDE ITS MEMBERS FINANCIAL SERVICES, PRIMARILY SAVINGS AND LOAN OPPORTUNITIES, TO INVEST MEMBER SAVINGS, AND TO PROMOTE SOUND MONEY MANAGEMENT AMONG ITS MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,320,212
Investment Income $2,992,951
Other Revenue $1,632,818
TOTAL REVENUE $11,945,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,124,623
Fundraising Expenses $0
Other Expenses $7,942,340
TOTAL EXPENSES $11,066,963

Year-over-Year Comparison

2024 2023 Change
Revenue $11,945,981 $10,351,017 +0.2%
Expenses $11,066,963 $9,657,652 +0.1%
Net Income $879,018 $693,365 +0.3%
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

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Governance

Voting Members
9
Independent Members
8
Employees
59
Volunteers
14

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
3
$901,491
Total Directors
10
$636,025
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY H ARMSTRONG PRESIDENT AND CEO/TREAS. 40.00
Officer Director
$521,775 $114,250 $636,025
DUANE BRANDON ASST. SECRETARY 2.00
Director
$0 $0 $0
DENNIS VERONESE CHAIRMAN 2.00
Director
$0 $0 $0
MARYANNE DOUGLASS DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH HEIDEPRIEM DIRECTOR 2.00
Director
$0 $0 $0
TERESA LOGIOTATOS DIRECTOR 2.00
Director
$0 $0 $0
FLOYD M WOODS DIRECTOR 2.00
Director
$0 $0 $0
ALBERT HENRY DIRECTOR 2.00
Director
$0 $0 $0
BLAKE RICE DIRECTOR 2.00
Director
$0 $0 $0
CURTIS JOLLY SECRETARY 2.00
Director
$0 $0 $0
CANDACE B GARNER CFO 40.00
Officer
$133,924 $11,515 $145,439
RUSTRYN ROPER CLO 40.00
Officer
$100,596 $19,431 $120,027
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 $11,945,981 $11,066,963 $242,567,364 $879,018
2023 $10,351,017 $9,657,652 $243,193,563 $693,365
2022 $7,896,337 $7,228,967 $224,160,624 $667,370
2021 $6,463,355 $6,216,827 $232,250,239 $246,528
2020 $6,247,470 $5,930,235 $203,063,308 $317,235
2019 $5,598,496 $4,926,879 $178,512,335 $671,617
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