FAMILY SECURITY CREDIT UNION (EIN 630757453) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

SHANE NOBBLEY

Phone

2563402000

Tax Period

2023-01-01 to 2023-12-31

FAMILY SECURITY CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $35.7M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.8M, a strong 27% operating margin.

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,418,559

Investment Income $14,928,267

Other Revenue $17,569,304

TOTAL REVENUE $54,916,130

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $15,370,912

Fundraising Expenses $0

Other Expenses $20,149,397

TOTAL EXPENSES $35,525,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,916,130	$43,290,857	+0.3%
Expenses	$35,525,309	$28,244,815	+0.3%
Net Income	$19,390,821	$15,046,042	+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

281

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

$1,547,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES JEFFREYS	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
JAMES MCLIN	BOARD VICE-CHAIRMAN	1.00	Director	$0	$0	$0
RAY DURHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
ALBERT BUSH	BOARD SECRETARY	1.00	Director	$0	$0	$0
THOMAS JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE GARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY AKIN	BOARD TREASURER	1.00	Director	$0	$0	$0
MILFORD WOMACK	BOARD MEMBER	1.00	Director	$0	$0	$0
M SHANE NOBBLEY	PRESIDENT/CEO	40.00	Officer	$494,264	$29,743	$524,007
J COLE SHARP	VP LENDING & BRANCH OPS.	40.00	Officer	$228,542	$19,807	$248,349
ZACHARY HOWELL	VP MARKETING & ADMIN.	40.00	Officer	$207,994	$23,897	$231,891
SHAWN METZ	VP COMPUTER INFO SYS	40.00	Officer	$222,488	$12,837	$235,325
MACHELLE KELLY	AVP OF OPERATIONS	40.00	Officer	$129,073	$13,706	$142,779
TIFFANY MORGAN	VP OF FINANCE AND BACK OFF	40.00	Officer	$145,288	$20,182	$165,470

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$54,916,130	$35,525,309	$930,544,557	$19,390,821
2022	$43,290,857	$28,244,815	$964,992,286	$15,046,042
2021	$37,679,526	$25,887,101	$941,244,457	$11,792,425
2020	$35,627,332	$26,746,315	$818,907,967	$8,881,017
2019	$37,235,204	$28,299,835	$686,740,915	$8,935,369
2018	$35,746,305	$25,987,125	$654,624,254	$9,759,180

FAMILY SECURITY CREDIT UNION