TTCU FEDERAL 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

1934

Legal Domicile

Principal Officer

SHELBY BEIL

Phone

9187439861

Tax Period

2022-01-01 to 2022-12-31

TTCU FEDERAL CREDIT UNION, founded in 1934, is a major nonprofit that reported $133.1M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $24.8M, a strong 19% operating margin.

Mission

ENRICHING LIFE THROUGH FINANCIAL LEADERSHIP. WE ARE THE TRUSTED SOURCE FOR FINANCIAL SOLUTIONS.

Program Service Accomplishments

Program 1

FEDERAL CHARTERED CREDIT UNION, EXEMPT BY FEDERAL STATUTE, ESTABLISHED TO PROVIDE SPECIFIC FINANCIAL SERVICES TO ITS MEMBERSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,581,056

Investment Income $22,957,234

Other Revenue $1,596,586

TOTAL REVENUE $133,134,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,494,796

Fundraising Expenses $0

Other Expenses $66,851,663

TOTAL EXPENSES $108,346,459

Year-over-Year Comparison

	2022	2021	Change
Revenue	$133,134,876	$123,227,030	+0.1%
Expenses	$108,346,459	$91,275,218	+0.2%
Net Income	$24,788,417	$31,951,812	-0.2%

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

507

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

$3,619,512

Total Directors

Key Employees

$198,585

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE PITTMAN	CHAIRPERSON	2.00	Director	$0	$0	$0
SAUNDRA FORD	VICE CHAIR	2.00	Director	$0	$0	$0
BOBBIE BOOKER	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
JESSE GUARDIOLA	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW MCKENZIE	DIRECTOR	2.00	Director	$0	$0	$0
DR CLARK OGILVIE	DIRECTOR	2.00	Director	$0	$0	$0
DR STEVE TIGER	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY LYONS	PRESIDENT & CEO	45.00	Officer	$882,552	$60,561	$943,113
SHELBY BEIL	CHIEF FINANCIAL OFFICER/TECHNOLOGY OFFICER	45.00	Officer	$356,201	$51,029	$407,230
DANIEL NEWBERRY	EXEC. VP/CHIEF OPERATIONS OFFICER	45.00	Officer	$350,403	$58,697	$409,100
STEPHANIE JONES	SR. VP/CHIEF STRATEGY OFFICER	45.00	Officer	$303,162	$58,102	$361,264
CHARLES ANDY TRIPP	SR. VP/CHIEF TECHNOLOGY OFFICER	45.00	Officer	$243,133	$53,313	$296,446
ELIZABETH PATTERSON	SR. VP/CHIEF BRANCHING OFFICER	45.00	Officer	$235,855	$46,801	$282,656
FLOYDE GOODE	SR. VP/CHIEF LENDING OFFICER	45.00	Officer	$217,052	$35,315	$252,367
CELIA ARMSTRONG	FORMER SR. VP/CHIEF HR OFFICER	45.00	Officer	$197,728	$32,214	$229,942
CHARLES CHASTAIN	FORMER EXEC. VP/CHIEF OPERATIONS OFFICER	45.00	Officer	$384,589	$52,805	$437,394
JACOB BARNETT	VP/BRANCH OPERATIONS	45.00	Key Emp	$154,638	$43,947	$198,585
JESSE SUMNER JR	VP/GENERAL COUNCIL	45.00	Highest	$192,399	$47,943	$240,342
CYNTHIA OWENS	VP/CONSTRUCTION MANAGEMENT	45.00	Highest	$141,921	$16,522	$158,443
GREGORY HECKENKEMPER	MORTGAGE LOAN ORIGINATOR	40.00	Highest	$184,047	$29,964	$214,011
CORBIN HOPKINS	VP/ACCOUNTING AND CONTROLLER	45.00	Highest	$165,022	$29,887	$194,909
MICHELLE MINTON	VP/INTERNAL AUDIT	45.00	Highest	$147,621	$43,243	$190,864

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
2022	$133,134,876	$108,346,459	$2,684,022,062	$24,788,417
2021	$123,227,030	$91,275,218	$2,611,508,582	$31,951,812
2020	$120,060,748	$96,831,424	$2,378,069,628	$23,229,324
2019	$107,654,707	$90,216,113	$2,019,744,867	$17,438,594
2018	$97,746,814	$75,951,790	$1,884,763,699	$21,795,024