MOBILE EDUCATORS 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

1954

Legal Domicile

Principal Officer

TINA B WILLIAMS

Phone

2514734712

Tax Period

2023-01-01 to 2023-12-31

MOBILE EDUCATORS CREDIT UNION, founded in 1954, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $917K, a strong 22% operating margin.

Mission

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST.

Program Service Accomplishments

Program 1

Expenses: $3,174,368

ALABAMA BANKING CODE, SECTION 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...

ALABAMA BANKING CODE, SECTION 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. MOBILE EDUCATORS CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO PRIMARILY WORK IN VARIOUS SCHOOLS AND UNIVERSITIES IN MOBILE COUNTY AND BALDWIN COUNTY, ALABAMA. AS OF DECEMBER 31, 2023, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 8,702 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,091,498

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,091,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,063,337

Fundraising Expenses $0

Program Expenses $3,174,368

Other Expenses $2,111,031

TOTAL EXPENSES $3,174,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,091,498	$3,200,193	+0.3%
Expenses	$3,174,368	$2,671,617	+0.2%
Net Income	$917,130	$528,576	+0.7%

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

$189,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D LLOYD SCOTT	BOARD TREASURER BEGINNING 2023	1.00	Director	$0	$0	$0
PETER KINGSFORD	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
G MILTON WILLAMS	BOARD TREASURER THRU 2023	1.00	Director	$0	$0	$0
CARLOS M MONTGOMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE NASSAR	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
KATHRYN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MILDRED BLASS	BOARD SECRETARY	1.00	Director	$0	$0	$0
MARILYN HOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
VIRGINIA SUE SMITH	SUPERVISORY COMMITTEE CHAIRPERSON	1.00	Director	$0	$0	$0
BARBARA SCARBROUGH	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
EVELINE DENNIS	SUPERVISORY COMMITTEE	1.00	Director	$0	$0	$0
TINA B WILLIAMS	PRESIDENT/CEO	40.00	Officer	$170,206	$19,374	$189,580

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	No data	No data	No data	No data
2023	$4,091,498	$3,174,368	$108,395,286	$917,130
2022	$3,200,193	$2,671,617	$110,433,262	$528,576
2021	$2,821,272	$2,606,372	$110,627,739	$214,900
2020	$2,955,649	$2,571,472	$99,931,032	$384,177
2019	$3,389,236	$2,673,409	$86,399,583	$715,827
2018	$3,248,656	$2,594,334	$85,519,865	$654,322