PREMIER MEMBERS CREDIT UNION (EIN 840500890) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

CARLOS PACHECO

Phone

3036577592

Tax Period

2023-01-01 to 2023-12-31

PREMIER MEMBERS CREDIT UNION, founded in 1950, is a mid-sized nonprofit that reported $87.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $83.8M left a modest 4% surplus.

Mission

TO PROMOTE THRIFT AND PROVIDE LOWER COST CREDIT TO THE MEMBERS OF THE CREDIT UNION BY AFFORDING THEM THE OPPORTUNITY TO ACCUMULATE PAYMENTS ON SHARES AND MAKE LOANS FROM THESE SHARES TO ITS MEMBERS.

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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 $75,515,913

Investment Income $10,957,107

Other Revenue $1,191,798

TOTAL REVENUE $87,664,818

Expense Breakdown

Grants Paid $103,000

Salaries & Benefits $31,645,565

Fundraising Expenses $0

Other Expenses $52,079,576

TOTAL EXPENSES $83,828,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,664,818	$64,549,250	+0.4%
Expenses	$83,828,141	$58,686,698	+0.4%
Net Income	$3,836,677	$5,862,552	-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

400

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

$1,698,214

Total Directors

$437,500

Key Employees

$3,023,807

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GISI	DIRECTOR	2.00	Director	$32,500	$0	$32,500
WAYNE TURNACLIFF	DIRECTOR	2.00	Director	$30,000	$0	$30,000
JAMES ELLIS	DIRECTOR	2.00	Director	$30,000	$0	$30,000
JAMES CLEMMER	DIRECTOR	2.00	Director	$30,000	$0	$30,000
KENNETH BLACK	CO-SECRETARY	2.00	Director	$30,000	$0	$30,000
JOANNE TILLEY	VICE CHAIRPERSON	2.00	Director	$30,000	$0	$30,000
MICHAEL MEYERS	CHAIRPERSON	2.00	Director	$37,500	$0	$37,500
BRIAN GISI	SECRETARY	2.00	Director	$30,000	$0	$30,000
PETER JANSKY	TREASURER	2.00	Director	$30,000	$0	$30,000
HARVEY A KAMIONKA	CO-TREASURER	2.00	Director	$30,000	$0	$30,000
LYNEL VALLIER	DIRECTOR	2.00	Director	$30,000	$0	$30,000
ELAINE HUTCHINGS	DIRECTOR	2.00	Director	$7,500	$0	$7,500
GARY HORTON	DIRECTOR	2.00	Director	$30,000	$0	$30,000
SHEUCH-FONG HSU	DIRECTOR	2.00	Director	$30,000	$0	$30,000
AMANDA MEADER	DIRECTOR	2.00	Director	$30,000	$0	$30,000
MARK WIETE	EVP FINANCE & ADMINISTRATION	40.00	Officer	$818,899	$45,497	$864,396
CARLOS PACHECO	PRESIDENT/CEO	40.00	Officer	$800,810	$33,008	$833,818
BRIAN RESCH	EVP CONSUMER BANKING	40.00	Key Emp	$309,201	$44,259	$353,460
CHRISTOPHER VINALL	SVP INFORMATION TECHNOLOGY	40.00	Key Emp	$246,441	$18,583	$265,024
DAVID LEMMON	SVP CREDIT OFFICER	40.00	Key Emp	$214,031	$20,654	$234,685
DANIELLE DECAMILLIS	SVP CONSUMER MORTGAGES	40.00	Key Emp	$200,019	$21,724	$221,743
KATIE SCHMIDT	SVP STRATEGIC INITIATIVES	40.00	Key Emp	$198,106	$12,252	$210,358
JASON L BAUER	SVP MARKETING	40.00	Key Emp	$194,007	$39,536	$233,543
CLAIRE LINDLEY	VP FINANCE	40.00	Key Emp	$191,873	$19,604	$211,477
AMANDA KUTZLER	SVP CONSUMER RETAIL	40.00	Key Emp	$181,160	$10,194	$191,354
GIANGUYEN RICOTTA	VP CREDIT CARDS & PAYMENT SERVICES	40.00	Key Emp	$180,024	$7,824	$187,848
STEPHANIE HUDDLESTON	SVP CONSUMER LENDING	40.00	Key Emp	$177,301	$10,953	$188,254
ROBERT MCKAMIE	VP TECHNOLOGY OPERATIONS	40.00	Key Emp	$171,573	$29,979	$201,552
KEN BOTELER	SVP HUMAN RESOURCES & ORGANIZATIONAL DEVELOPMENT	40.00	Key Emp	$174,361	$19,292	$193,653
JENNIFER MRAVICH	VP MARKETING	40.00	Key Emp	$151,362	$11,389	$162,751
STEVEN SHRADER	VP REAL ESTATE & SECURITY	40.00	Key Emp	$150,616	$17,489	$168,105
JEREMY MOYER	MORTGAGE SALES MANAGER	40.00	Highest	$297,855	$16,464	$314,319
JASON ANAYA-LEDEBOER	COMMERCIAL LOAN OFFICER	40.00	Highest	$159,126	$7,135	$166,261
MIRYAM CASTRO	MORTGAGE LOAN OFFICER	40.00	Highest	$141,293	$22,650	$163,943
NICOLAS NEHF	IT BUSINESS APPLICATIONS MGR	40.00	Highest	$142,292	$15,273	$157,565
HOLLY SOROKA	VP ACCOUNTING	40.00	Highest	$137,745	$21,843	$159,588

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	$87,664,818	$83,828,141	$1,752,754,223	$3,836,677
2022	$64,549,250	$58,686,698	$1,729,814,818	$5,862,552
2021	$57,634,628	$50,050,112	$1,586,159,504	$7,584,516
2020	$62,568,329	$55,198,020	$1,431,197,414	$7,370,309
2019	$60,792,013	$50,943,353	$1,241,180,693	$9,848,660
2018	$56,780,000	$45,018,855	$1,134,091,474	$11,761,145
2018	$56,780,000	$45,018,855	$1,134,091,474	$11,761,145

PREMIER MEMBERS CREDIT UNION