AUBURN UNIVERSITY 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

1960

Legal Domicile

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 mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $11.1M left a modest 7% 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.

Program Service Accomplishments

Program 1

IN AN EFFORT TO PROVIDE OUR MEMBERS FINANCIAL SERVICES, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS, IRA SAVINGS AND...

IN AN EFFORT TO PROVIDE OUR MEMBERS FINANCIAL SERVICES, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS, IRA SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.

Program 2

TO MEET THE LENDING NEEDS OF ITS MEMBERS, THE CREDIT UNION OFFERS A VARIETY OF CONSUMER AND MORTGAGE LOAN PRODUCTS AT COMPETITIVE RATES OF INTEREST.

Program 3

THE CREDIT UNION OFFERS FINANCIAL SERVICES TO THE BENEFIT OF ITS MEMBERS WHICH INCLUDE INTERNET BANKING, ONLINE BILL PAY, REMOTE DEPOSIT CAPTURE AND FI TO FI TRANSFERS.

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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 $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

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

$901,491

Total Directors

$636,025

Key Employees

Highest Compensated

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