NEW ORLEANS POLICE DEPARTMENT EMPLOYEES' CREDIT UNION

EIN: 720272916

NEW ORLEANS, LA

Total Revenue
$1,747,321
Total Expenses
$1,643,833
Total Assets
$21,765,838
Net Assets
$9,003,779
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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
1928
Legal Domicile
LA
Principal Officer
TERRENCE DUFFY
Phone
5046585570
Tax Period
2024-01-01 to 2024-12-31

NEW ORLEANS POLICE DEPARTMENT EMPLOYEES' CREDIT UNION, founded in 1928, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 6% surplus.

Mission

PROVIDE SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,162,646
Investment Income $584,675
Other Revenue $0
TOTAL REVENUE $1,747,321

Expense Breakdown

Grants Paid $0
Salaries & Benefits $351,692
Fundraising Expenses $0
Other Expenses $1,292,141
TOTAL EXPENSES $1,643,833

Year-over-Year Comparison

2024 2023 Change
Revenue $1,747,321 $1,499,420 +0.2%
Expenses $1,643,833 $1,429,661 +0.1%
Net Income $103,488 $69,759 +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

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Governance

Voting Members
10
Independent Members
7
Employees
6
Volunteers
N/A

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
$138,700
Total Directors
10
$191,575
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL O ELLINGTON PRESIDENT 40.00
Officer Director
$68,700 $0 $68,700
KENNETH MAES VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
ROBERT OEHLKE JR BOARD MEMBER 2.00
Director
$0 $0 $0
WAYNE KREIDER BOARD MEMBER 40.00
Director
$52,875 $0 $52,875
BERNARD CROWDEN BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN WEBER BOARD MEMBER 2.00
Director
$0 $0 $0
MARK MORNAY BOARD MEMBER 2.00
Director
$0 $0 $0
SIDNEY GARAUDY BOARD MEMBER 2.00
Director
$0 $0 $0
DON KINNY BOARD MEMBER 2.00
Director
$0 $0 $0
TERRENCE DUFFY SR CEO/SECRETARY-TREASURER 40.00
Officer Director
$70,000 $0 $70,000
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 $1,747,321 $1,643,833 $21,765,838 $103,488
2023 $1,499,420 $1,429,661 $21,174,230 $69,759
2022 $1,269,417 $1,212,273 $20,788,568 $57,144
2021 $1,281,562 $1,227,656 $20,925,680 $53,906
2020 $1,407,085 $1,305,291 $20,947,916 $101,794
2019 $1,523,168 $1,408,666 $20,529,955 $114,502
2018 $1,472,383 $1,317,954 $19,948,113 $154,429
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