CREDIT UNIONS CHARTERED IN THE STATE OF UTAH

EIN: 870188878

Salt Lake City, UT

Total Revenue
$37,511,027
Total Expenses
$34,859,897
Total Assets
$993,136,155
Net Assets
$989,199,871
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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
1935
Legal Domicile
UT
Principal Officer
Ryan Pollick
Phone
8017088900
Tax Period
2024-01-01 to 2024-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH, founded in 1935, is a mid-sized nonprofit that reported $37.5M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $34.9M left a modest 7% surplus.

Mission

The Credit Union provides financial services to its members on a cooperative, not for profit basis. Profits are primarily returned to members as dividends or interest.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,022,724
Investment Income $10,276,124
Other Revenue $4,212,179
TOTAL REVENUE $37,511,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,996,389
Fundraising Expenses $0
Program Expenses $0
Other Expenses $28,863,508
TOTAL EXPENSES $34,859,897

Year-over-Year Comparison

2024 2023 Change
Revenue $37,511,027 $29,816,489 +0.3%
Expenses $34,859,897 $25,405,400 +0.4%
Net Income $2,651,130 $4,411,089 -0.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
78
Volunteers
17

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
$273,767
Total Directors
11
$0
Key Employees
1
$203,740
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Pollick President/CEO 50
Officer
$273,767 $0 $273,767
Chris Brems SVP Technology & Strategy 50
Key Emp
$203,740 $0 $203,740
Stephen A Hastings Board Chairman 3
Director
$0 $0 $0
Chris Spencer Board Vice-Chairman 3
Director
$0 $0 $0
Esther Giezendanner Board Secretary 3
Director
$0 $0 $0
Bruce Larsen Board Member 2
Director
$0 $0 $0
Cindy Nagasawa-Cruz Board Member 2
Director
$0 $0 $0
Jason Beane Board Member 2
Director
$0 $0 $0
Jason Moffat Board Member 2
Director
$0 $0 $0
Larry A Ellertson Board Member 2
Director
$0 $0 $0
Russell K Johnson Board Member 2
Director
$0 $0 $0
Joe Juliano Alternate Board Member 2
Director
$0 $0 $0
Susan Simkins Alternate Board Member 2
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
2025 No data No data No data No data
2024 $37,511,027 $34,859,897 $993,136,155 $2,651,130
2023 $29,816,489 $25,405,400 $923,376,279 $4,411,089
2022 $26,619,729 $18,767,998 $898,181,100 $7,851,731
2021 $26,688,860 $14,237,538 $951,799,319 $12,451,322
2020 $26,875,246 $17,140,845 $864,657,658 $9,734,401
2019 $25,155,085 $18,539,450 $726,236,730 $6,615,635
2018 $22,596,885 $18,406,347 $675,005,045 $4,190,538
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