FELLOWSHIP 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

1941

Legal Domicile

Principal Officer

PAM JONES

Phone

2105994488

Tax Period

2018-01-01 to 2018-12-31

FELLOWSHIP CREDIT UNION, founded in 1941, is a small nonprofit that reported $773K in total revenue in fiscal year 2018. Expenses of $2.7M exceeded revenue, resulting in a 251% operating deficit.

Mission

CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT SAVINGS INSTITUTION, INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION. THE CREDIT UNION OFFERS PRODUCTS AND SERVICES IN THREE PRIMARY AREAS: SHARE ACCOUNTS, CHECKING ACCOUNTS, AND LOANS.

Program Service Accomplishments

Program 1

FELLOWSHIP CRERDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 1,837 MEMBER-OWNED SHARE ACOUNTS ON DECEMBER 31, 2018. MEMBER SAVING ACCOUNTS PAY DIVIDENDS...

FELLOWSHIP CRERDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 1,837 MEMBER-OWNED SHARE ACOUNTS ON DECEMBER 31, 2018. MEMBER SAVING ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACESS THROUGH INTERNET HOME BANKING, ATM'S AND TELEPHONE. THE CREDIT UNION ALSO OFFERS MOBILE BANKING FOR THE BENEFIT OF ITS MEMBERSHIP. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.

Program 2

FELLOWSHIP CREDIT UNION HAS PROVIDED LOANS TO ITS MEMBERS SINCE ITS INCEPTION IN 1941. THE LOAN PRODUCTS INCLUDE EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS AT VERY COMPETITIVE RATES FOR...

FELLOWSHIP CREDIT UNION HAS PROVIDED LOANS TO ITS MEMBERS SINCE ITS INCEPTION IN 1941. THE LOAN PRODUCTS INCLUDE EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS AT VERY COMPETITIVE RATES FOR AUTOMOBILES, RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES THE CREDIT UION HAD 478 PERSONAL CONSUMER LOANS AS OF DECEMBER 31, 2018 AND CONSUMER LIFE AND DISABIITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. THE CREDIT UNION ALSO HAD 24 MORTGAGE LOANS AS OF DECEMBER 31, 2018.

Program 3

CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF CHECKING ACCOUNTS, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS, SUCH AS MONTHLY DIVIDENDS. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF...

CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF CHECKING ACCOUNTS, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS, SUCH AS MONTHLY DIVIDENDS. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING FREE EMV CHIP CARDS (ALL DEBIT CARDS WERE SWITCHED TO EMV CHIP CARDS IN 2016) AS WELL AS INTERNET ACCOUNT ACCESS AND FREE BILL PAYMENT SERVICES. THE CREDIT UNION HAD 636 MEMBER CHECKING ACCOUNTS AS OF DECEMBER 31, 2018 AND ALSO MANAGES AN OVERDRAFT PRIVILEGE PROGRAM TO BENEFIT ITS MEMBERS. A VISA CREDIT CARD PROGRAM IS ALSO MAINTINED, WITH 275 APPROVED ACCOUNTS AS OF DECEMBER 31, 2018.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $618,220

Investment Income $154,893

Other Revenue $0

TOTAL REVENUE $773,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,578

Fundraising Expenses $0

Other Expenses $325,745

TOTAL EXPENSES $2,711,643

Year-over-Year Comparison

	2018	2017	Change
Revenue	$773,113	$803,396	0.0%
Expenses	$2,711,643	$769,644	+2.5%
Net Income	$-1,938,530	$33,752	-58.4%

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

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

$171,816

Total Directors

$177,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM V HARTMAN	CHAIRMAN	1.00	Officer Director	$5,550	$0	$5,550
RAYMOND SCZEPANIK	VICE CHAIRMA	1.00	Officer Director	$5,550	$0	$5,550
EDNA GECKLER	SECRETARY	1.00	Officer Director	$1,550	$0	$1,550
PAM JONES	TREASURER/PR	40.00	Officer Director	$159,166	$0	$159,166
SHARON DRESCH	DIRECTOR	1.00	Director	$3,050	$0	$3,050
ALBERT PAWLY III	DIRECTOR	1.00	Director	$1,550	$0	$1,550
JANICE LENZ	DIRECTOR	1.00	Director	$1,550	$0	$1,550

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
2018	$773,113	$2,711,643	$17,780,948	$-1,938,530