RIO GRANDE VALLEY 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

1954

Legal Domicile

Principal Officer

SHERILYN GOAD

Phone

9564235792

Tax Period

2024-01-01 to 2024-12-31

RIO GRANDE VALLEY CREDIT UNION, founded in 1954, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 20% operating margin.

Mission

TO BE THE PRIMARY SOURCE FOR FINANCIAL SERVICES AND FINANCIAL EDUCATION FOR OUR MEMBERS.

Program Service Accomplishments

Program 1

CHECKING ACCOUNTS: RIO GRANDE VALLEY (RGV) CREDIT UNION PROVIDES MEMBERS WITH A VARIETY OF CHECKING ACCOUNT TYPES DESIGNED TO FIT THE MEMBERS' NEEDS. FEATURES CAN VARY ANYWHERE FROM FREE CHECKING TO THOSE THAT ARE INTEREST BEARING. DIVIDENDS ARE PAID MONTHLY AND ALL COME WITH FREE INTERNET ACCESS AND BILL PAY SERVICES. MEMBERS ALSO HAVE FREE ACCESS TO ANY ONE OF RGV CREDIT UNION'S ATMS AND CAN FIND A SURCHARGE FREE ATM THROUGH ALLPOINT ON OUR WEBSITE.

Program 2

LOANS: RIO GRANDE VALLEY CREDIT UNION PROVIDES MEMBERS WITH AFFORDABLE LOANS FOR THE PURCHASE OF A VEHICLE OR A RECREATIONAL VEHICLE, SUCH AS MOTORCYCLES, BOATS, ETC. CREDIT LIFE AND DISABILITY, GAP AND EXTENDED WARRANTIES ARE ALSO AVAILABLE ON ANY OF THESE PRODUCTS. ALSO, MORTGAGE LOANS ARE AVAILABLE THROUGH A THIRD PARTY PROCESSOR.

Program 3

SAVINGS ACCOUNTS: RIO GRANDE VALLEY CREDIT UNION SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. DIVIDENDS ARE PAID OUT QUARTERLY AND MEMBERS CAN ACCESS THEIR ACCOUNTS VIA THE INTERNET...

SAVINGS ACCOUNTS: RIO GRANDE VALLEY CREDIT UNION SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. DIVIDENDS ARE PAID OUT QUARTERLY AND MEMBERS CAN ACCESS THEIR ACCOUNTS VIA THE INTERNET, ATM, BY PHONE, OR THROUGH HOME BANKING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,835,265

Investment Income $2,206,574

Other Revenue $0

TOTAL REVENUE $9,041,839

Expense Breakdown

Grants Paid $14,660

Salaries & Benefits $3,030,612

Fundraising Expenses $0

Other Expenses $4,202,880

TOTAL EXPENSES $7,248,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,041,839	$7,638,833	+0.2%
Expenses	$7,248,152	$5,113,482	+0.4%
Net Income	$1,793,687	$2,525,351	-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

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

$202,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE BEATTIE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHAD E BENDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM COFFMAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
IMELDA HERNANDEZ	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID JONES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARL LEATHERMAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MARTINEZ	FORMER BOARD DIRECTOR	1.00	Director	$0	$0	$0
EMMA MCCALL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOE MONTEMAYOR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELIZANDRO MUNIZ	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SHERILYN GOAD	CEO	40.00	Officer	$156,524	$46,137	$202,661
NANCY RENNEKER	EXECUTIVE VP	40.00	Highest	$107,878	$30,141	$138,019

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	$9,041,839	$7,248,152	$155,688,405	$1,793,687
2023	$7,638,833	$5,113,482	$150,057,537	$2,525,351
2022	$5,787,054	$4,888,464	$155,717,321	$898,590
2021	$4,865,424	$4,386,631	$152,342,621	$478,793
2020	$4,715,040	$4,496,563	$132,629,206	$218,477
2019	$4,868,881	$4,029,028	$109,895,880	$839,853
2018	$4,452,285	$4,053,685	$99,449,177	$398,600