Concho 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

1928

Legal Domicile

Phone

3256587557

Tax Period

2024-01-01 to 2024-12-31

Concho Valley Credit Union, founded in 1928, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $968K left a modest 14% surplus.

Mission

COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES TO 1410 ENTITIES IN THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

SHARE ACCOUNTS: CONCHO VALLEY CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 1412 MEMBER-OWNER ACCOUNTS ON DECEMBER 31, 2024. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS TO HOME BANKING VIA THE INTERNET OR TELEPHONE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.

Program 2

SHARE DRAFT ACCOUNTS (CHECKING): CONCHO VALLEY CREDIT UNION PROVIDES FREE CHECKING ACCOUNTS FOR MEMBERS AND DIVIDENDS ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE...

SHARE DRAFT ACCOUNTS (CHECKING): CONCHO VALLEY CREDIT UNION PROVIDES FREE CHECKING ACCOUNTS FOR MEMBERS AND DIVIDENDS ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND FREE USE OF INTERNET NILL PAYER SOFTWARE.

Program 3

CONSUMER LOANS: CONCHO VALLEY CREDIT UNION HAS PROVIDED NEW AND USED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES...

CONSUMER LOANS: CONCHO VALLEY CREDIT UNION HAS PROVIDED NEW AND USED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS, MOTORCYCLES, AND PERSONAL LOANS. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES.

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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 $674,899

Investment Income $405,436

Other Revenue $46,910

TOTAL REVENUE $1,127,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,334

Fundraising Expenses $0

Other Expenses $580,795

TOTAL EXPENSES $968,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,127,245	$985,170	+0.1%
Expenses	$968,129	$843,913	+0.1%
Net Income	$159,116	$141,257	+0.1%

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

$183,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Perrine	President & CEO	40.00	Officer	$90,361	$5,019	$95,380
Cindy Baker	Vice President	40.00	Officer	$68,996	$19,416	$88,412
Justin Ahlers	Chairman	1.00	Officer Director	$0	$0	$0
Gregg Bowman	Director	1.00	Director	$0	$0	$0
Clint Holik	Director	1.00	Director	$0	$0	$0
Vona Hudson	Chairman	1.00	Officer Director	$0	$0	$0
Brad Jones	Chairman	1.00	Director	$0	$0	$0
Tony Kieffer	Chairman	1.00	Officer	$0	$0	$0
Rudy Olivas	Secretary	1.00	Officer	$0	$0	$0
Anna Thomas	Secretary	1.00	Officer	$0	$0	$0
Amy Zuniga	Chairman	1.00	Officer	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$1,127,245	$968,129	$23,250,432	$159,116
2023	$985,170	$843,913	$22,831,818	$141,257
2022	$732,268	$642,002	$24,584,977	$90,266
2021	$678,946	$597,220	$24,763,094	$81,726
2020	$759,722	$644,228	$22,745,164	$115,494
2019	$803,036	$685,595	$19,396,447	$117,441
2018	$731,989	$652,731	$18,015,165	$79,258