MEMBERS CREDIT UNION (EIN 750899745) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

PAUL T ELKINS

Phone

8176414031

Tax Period

2023-01-01 to 2023-12-31

MEMBERS CREDIT UNION, founded in 1954, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $967K, a strong 17% operating margin.

Mission

COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES (I.E. SAVINGS, CHECKING, AND LENDING).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,453,393

Investment Income $1,118,672

Other Revenue $0

TOTAL REVENUE $5,572,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,668,485

Fundraising Expenses $0

Other Expenses $2,937,001

TOTAL EXPENSES $4,605,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,572,065	$4,778,213	+0.2%
Expenses	$4,605,486	$4,175,434	+0.1%
Net Income	$966,579	$602,779	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$213,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS COOKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLEVE WEYENBERG JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG WILMORE	TREASURER	1.00	Officer Director	$0	$0	$0
CECIL MAY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID PRICE	DIRECTOR	1.00	Director	$0	$0	$0
GARY HEINRICH	DIRECTOR	1.00	Director	$0	$0	$0
GREG HARMON	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA WATSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE RICE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL T ELKINS	CEO/PRESIDENT	45.00	Officer	$170,438	$43,293	$213,731

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	No data	No data	No data	No data
2023	$5,572,065	$4,605,486	$97,573,995	$966,579
2022	$4,778,213	$4,175,434	$108,979,567	$602,779
2021	$4,224,939	$3,893,807	$105,875,464	$331,132
2020	$4,283,167	$3,748,812	$93,194,449	$534,355
2019	$4,450,572	$3,836,607	$80,106,326	$613,965
2018	$4,124,403	$3,634,375	$78,312,703	$490,028

MEMBERS CREDIT UNION