Cooperative Teachers 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

1953

Legal Domicile

Principal Officer

Timothy Miller

Phone

9035612603

Tax Period

2023-01-01 to 2023-12-31

Cooperative Teachers Credit Union, founded in 1953, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. Expenses of $7.1M left a modest 4% surplus.

Mission

COOPERATIVE TEACHERS CREDIT UNION ENCOURAGES THRIFT (SAVINGS), PROVIDES CREDIT POSSIBLITIES AT A FAIR AND REASONABLE RATE AND ADEQUATE SERVICES FOR THE MEMBERSHIP IN ORDER TO ENHANCE SOCIAL AND PERSONAL GROWTH THROUGH SOUND MONEY MANAGEMENT.

Program Service Accomplishments

Program 1

COOPERATIVE TEACHERS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBERS SAVINGS ACCOUNTS PAY DIVIDENDS QUARTLER AND OFFER ACCESS THROUGH HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING, AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.

Program 2

COOPERATIVE TEACHERS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE THAT OFFER DIVIDENDS THAT ARE PAID QUARTERLY. ADDITIONALLY, THE CREDIT...

COOPERATIVE TEACHERS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE THAT OFFER DIVIDENDS THAT ARE PAID QUARTERLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND AN INTERNET BILL PAY PLATFORM.

Program 3

COOPERATIVE TEACHERS CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITIING AND FLEXIBLE OFFERING FOR RECREATIONAL...

COOPERATIVE TEACHERS CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITIING AND FLEXIBLE OFFERING FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,804,042

Investment Income $640,170

Other Revenue $-16,460

TOTAL REVENUE $7,427,752

Expense Breakdown

Grants Paid $135,932

Salaries & Benefits $1,711,907

Fundraising Expenses $0

Other Expenses $3,853,791

TOTAL EXPENSES $7,135,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,427,752	$3,120,685	+1.4%
Expenses	$7,135,138	$7,747,880	-0.1%
Net Income	$292,614	$-4,627,195	-1.1%

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

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

$569,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Miller	President & CEO	40.00	Officer	$230,676	$0	$230,676
Nathan Gillen	Vice President	40.00	Officer	$98,538	$15,891	$114,429
Mary Fulmer	Vice President	40.00	Officer	$96,670	$15,891	$112,561
Sarah Parlett	Vice President	40.00	Officer	$104,241	$8,046	$112,287
Wayne Boshears	Chairman	1.00	Director	$0	$0	$0
Lynne Stainback	Vice Chairman	1.00	Director	$0	$0	$0
Zeb Cantley	Secretary	1.00	Director	$0	$0	$0
James Hayden	Director	1.00	Director	$0	$0	$0
Gary Howell	Director	1.00	Director	$0	$0	$0
Cynthia Johnson	Director	1.00	Director	$0	$0	$0
Ora Taylor	Director	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$7,427,752	$7,135,138	$117,406,952	$292,614
2022	$3,120,685	$7,747,880	$124,846,227	$-4,627,195
2021	$6,624,468	$6,286,846	$138,383,363	$337,622
2020	$6,159,685	$6,696,959	$124,771,965	$-537,274
2019	$5,917,733	$5,683,444	$113,860,664	$234,289
2018	$5,908,090	$5,357,926	$114,532,936	$550,164