CORPORATE AMERICA 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

1982

Legal Domicile

Principal Officer

RACHEL DODSON

Phone

2053134300

Tax Period

2023-01-01 to 2023-12-31

CORPORATE AMERICA CREDIT UNION, founded in 1982, is a major nonprofit that reported $143.1M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $124.6M left a modest 13% surplus.

Mission

COOPERATIVE SOCIETY INCORPORATED TO OPERATE AS A CORPORATE CREDIT UNION FOR THE MUTUAL BENEFIT OF THE CREDIT UNION MEMBERSHIP BY PROVIDING A SOUND FINANCIAL INSTITUTION THAT WILL MEET THE FINANCIAL NEEDS OF CREDIT UNIONS IN A MANNER CONSISTENT WITH THE CREDIT UNION PHILOSOPHY. THIS INCLUDES A SOURCE OF LIQUIDITY, CORRESPONDENT, INVESTMENT, AND RELATED EDUCATIONAL SERVICES.

Program Service Accomplishments

Program 1

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. CORPORATE AMERICA CREDIT UNION IS AN ALABAMA STATE CHARTERED CORPORATE CREDIT UNION AND WAS ESTABLISHED TO OPERATE AS A CORPORATE CREDIT UNION FOR THE PURPOSE OF MEETING MEMBER CREDIT UNIONS' LIQUIDITY AND INVESTMENT NEEDS AS WELL AS PROVIDING SETTLEMENT AND OTHER FINANCIAL SERVICES. CORPORATE AMERICA'S MEMBERS CONSIST OF CREDIT UNIONS PRIMARILY LOCATED WITHIN ALABAMA AND THE SURROUNDING STATES. AS OF DECEMBER 31, 2023, CORPORATE AMERICA HAD 533 MEMBER CREDIT UNIONS.

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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 $1,052,695

Program Service Revenue $144,916,595

Investment Income $-2,854,221

Other Revenue $0

TOTAL REVENUE $143,115,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,694,666

Fundraising Expenses $0

Other Expenses $108,940,275

TOTAL EXPENSES $124,634,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,115,069	$74,719,214	+0.9%
Expenses	$124,634,941	$62,549,766	+1.0%
Net Income	$18,480,128	$12,169,448	+0.5%

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

$2,732,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEY HAND	1ST VICE CHAIRMAN	2.00	Director	$0	$0	$0
HEATH HARRELL	DIRECTOR	2.00	Director	$0	$0	$0
BRAD LONG	CHAIRMAN	2.00	Director	$0	$0	$0
STEVE NIX	DIRECTOR	2.00	Director	$0	$0	$0
BLANE MINK	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
MARK JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE GLASSER	2ND VICE CHAIRMAN	2.00	Director	$0	$0	$0
KENDALL SPEED	DIRECTOR	2.00	Director	$0	$0	$0
ERIC RENAUD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL L MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID FILBY	CHIEF INVESTMENT OFFICER	40.00	Officer	$378,499	$36,441	$414,940
PAUL PRITTS	PRESIDENT/CEO	40.00	Officer	$782,162	$35,586	$817,748
LISA COFFEY	CHIEF INNOVATION OFFICER	40.00	Officer	$301,396	$35,654	$337,050
LAUREN HOWLE	CHIEF STRATEGY OFFICER	40.00	Officer	$296,445	$35,090	$331,535
RACHEL M DODSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$294,505	$34,911	$329,416
PENNY SWINDLE	RISK OFFICER	40.00	Officer	$137,798	$16,448	$154,246
DONALD EAGEN	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$312,182	$35,236	$347,418
ROBERT RUDDER	VP STRATEGIC BALANCE SHEET	40.00	Highest	$197,369	$29,602	$226,971
MICHAEL KENNEDY	VP ELECTRONIC PAYMENTS	40.00	Highest	$196,616	$29,923	$226,539
ALISON DAGNAN	VP OPERATIONS	40.00	Highest	$191,658	$28,012	$219,670
KAYLA BARNETT	VP HUMAN RESOURCES AND CUL	40.00	Highest	$189,702	$28,957	$218,659
SHANE ST JOHN	VP OF INFORMATION TECHNOLOGY	40.00	Highest	$179,158	$29,488	$208,646

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	$143,115,069	$124,634,941	$3,465,594,952	$18,480,128
2022	$74,719,214	$62,549,766	$3,066,469,561	$12,169,448
2021	$54,551,160	$25,414,503	$4,460,889,725	$29,136,657
2020	$59,152,087	$33,119,562	$4,897,823,034	$26,032,525
2019	$80,525,464	$64,946,216	$2,945,630,962	$15,579,248
2018	$63,234,977	$53,175,235	$2,383,519,153	$10,059,742