CREDIT UNIONS CHARTERED IN THE STATE OF UTAH

EIN: 870254202

SPRINGVILLE, UT

Total Revenue
$8,769,370
Total Expenses
$8,420,419
Total Assets
$144,615,330
Net Assets
$23,509,653
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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
1956
Legal Domicile
UT
Principal Officer
DALE J PHELPS
Phone
8014913679
Tax Period
2025-01-01 to 2025-12-31

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH, founded in 1956, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2025. Expenses of $8.4M left a modest 4% surplus.

Mission

PROVIDE LOW-COST FINANCIAL SERVICES TO MEMBERS INCLUDING SAVINGS AND LOAN PRODUCTS AND SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,245,416
Investment Income $523,954
Other Revenue $0
TOTAL REVENUE $8,769,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,166,722
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,244,821
TOTAL EXPENSES $8,420,419

Year-over-Year Comparison

2025 2024 Change
Revenue $8,769,370 $8,559,755 +0.0%
Expenses $8,420,419 $7,854,631 +0.1%
Net Income $348,951 $705,124 -0.5%
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
5
Independent Members
N/A
Employees
45
Volunteers
14

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
11
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ROWLEY BOARD VICE CHAIRPERSON 1
Officer
$0 $0 $0
BRIAN SMITH BOARD CHAIRPERSON 1
Officer
$0 $0 $0
FRANCES LARSEN BOARD VICE CHAIRPERSON 1
Officer
$0 $0 $0
JAY CORNABY SUPERVISORY COMMITTEE 1
Officer
$0 $0 $0
GLORIA NANCE SUPERVISORY COMMITTEE CHAIR 1
Officer
$0 $0 $0
DAVID HUFF SUPERVISORY COMMITTEE 1
Officer
$0 $0 $0
MARK CHRISTENSEN BOARD CHAIRPERSON 1
Officer
$0 $0 $0
JULIE WARREN BOARD MEMBER SECRETARY 1
Officer
$0 $0 $0
STEVE MAUGHAN SUPERVISORY COMMITTEE 1
Officer
$0 $0 $0
JEANNETTE MAUGHAN SUPERVISORY COMMITTEE 1
Officer
$0 $0 $0
MARY JO EVANS SUPERVISORY COMMITTEE 1
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 $8,769,370 $8,420,419 $144,615,330 $348,951
2024 $8,559,755 $7,854,631 $139,744,634 $705,124
2023 $7,924,663 $7,143,632 $139,511,848 $781,031
2022 $6,896,122 $5,527,650 $136,676,352 $1,368,472
2021 $6,582,298 $5,124,575 $131,592,794 $1,457,723
2020 $6,284,294 $4,862,313 $119,431,374 $1,421,981
2019 $6,305,864 $4,787,746 $102,410,686 $1,518,118
2018 $5,546,306 $4,113,609 $93,148,849 $1,432,697
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