UNITUS COMMUNITY 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

1937

Legal Domicile

Principal Officer

STEVEN STAPP

Phone

5034238839

Tax Period

2023-01-01 to 2023-12-31

UNITUS COMMUNITY CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $80.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TOGETHER WE INSPIRE HOPE BY NAVIGATING THROUGH LIFE'S DEFINING MOMENTS.

Program Service Accomplishments

Program 1

PROVIDE FINANCIAL SERVICES TO 104,933 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND...

PROVIDE FINANCIAL SERVICES TO 104,933 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING REAL ESTATE AND OTHER SECURED/ UNSECURED CONSUMER LOANS, CHECKING AND SAVINGS PROGRAMS, AND CREDIT CARD SERVICES. SUPPORT COMMUNITIES IN OUR FIELD OF MEMBERSHIP, INCLUDING CORPORATE PHILANTHROPY.

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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 $71,903,001

Investment Income $7,808,970

Other Revenue $698,199

TOTAL REVENUE $80,410,170

Expense Breakdown

Grants Paid $806,759

Salaries & Benefits $33,419,825

Fundraising Expenses $0

Other Expenses $44,046,769

TOTAL EXPENSES $78,273,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,410,170	$70,835,899	+0.1%
Expenses	$78,273,353	$62,658,353	+0.2%
Net Income	$2,136,817	$8,177,546	-0.7%

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

353

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

$3,611,080

Total Directors

$121,000

Key Employees

$2,542,023

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MICETIC	BOARD CHAIR	3.00	Officer Director	$20,753	$0	$20,753
SOMNATH BANERJEE	DIRECTOR	3.00	Director	$20,247	$0	$20,247
NICOLE DAVISON LEON	BOARD VICE CHAIR	3.00	Officer Director	$16,000	$0	$16,000
RHONDA CRAMER	BOARD SECRETARY	3.00	Officer Director	$16,000	$0	$16,000
FRANK CHINN	DIRECTOR	3.00	Director	$16,000	$0	$16,000
LAURA CONROY THRU 32123	DIRECTOR	3.00	Director	$16,000	$0	$16,000
TIFFINI MUELLER	DIRECTOR	3.00	Director	$16,000	$0	$16,000
STEVEN STAPP	PRESIDENT - CHIEF EXECUTIVE OFFICER	40.00	Officer	$895,002	$81,754	$976,756
DAVID FEHRER	EVP - CHIEF STRATEGY AND INNOVATION OFFICER	40.00	Officer	$436,371	$54,304	$490,675
MICHAEL NAMBA	SVP - CHIEF FINANCIAL OFFICER	40.00	Officer	$413,591	$51,676	$465,267
BRIAN DEVEREUX	SVP - CHIEF LENDING OFFICER	40.00	Officer	$376,244	$34,580	$410,824
GAYLE EVANS THRU 11323	SVP - CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$326,769	$25,054	$351,823
CORLINDA WOODEN THRU 121223	SVP - CHIEF RETAIL OFFICER	40.00	Officer	$294,844	$43,228	$338,072
JAMES ALEXANDER	SVP - CHIEF RISK OFFICER	40.00	Officer	$268,399	$42,769	$311,168
JESSICA BROWN	VP - CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$198,934	$14,808	$213,742
KEVIN SMITH	VP - INFORMATION TECHNOLOG	40.00	Key Emp	$201,643	$35,343	$236,986
RICHARD HIGH	AVP - CREDIT ADMINISTRATION	40.00	Key Emp	$194,213	$24,014	$218,227
WAYNE MATSUMURA	AVP - BUSINESS LENDING	40.00	Key Emp	$182,394	$23,399	$205,793
RONDA WAGNER	AVP - CONSUMER LENDING	40.00	Key Emp	$178,533	$25,299	$203,832
LAWRENCE CAVASSO	AVP - CONTROLLER	40.00	Key Emp	$162,787	$40,626	$203,413
JOHN BACHMAN	MGR - INFORMATION TECHNOLOGY	40.00	Key Emp	$178,230	$24,203	$202,433
AMY OLSON	AVP - RESIDENTIAL MORTGAGE LENDING	40.00	Key Emp	$155,520	$37,895	$193,415
AARON BLEDY	DIRECTOR - COMMERCIAL SERVICES	40.00	Key Emp	$151,819	$34,238	$186,057
MEGAN SNYDER	VP - STRATEGIC PARTNERSHIPS	40.00	Key Emp	$171,155	$13,708	$184,863
ROSE HALFORD	AVP - TRAINING & STRATEGY	40.00	Key Emp	$158,221	$22,570	$180,791
LORI FINK	AVP - MARKETING & BRAND DEVELOPMENT	40.00	Key Emp	$155,936	$22,358	$178,294
KATHRINE POPOVICH	DIRECTOR - PROJECT MANAGEMENT	40.00	Key Emp	$151,909	$22,290	$174,199
CHARLOTTE SEARS	VP - MX AND PRODUCT MANAGEMENT	40.00	Key Emp	$152,531	$21,189	$173,720
JONATHAN BUHACOFF	ASST MGR - SOFTWARE ENGINEERING	40.00	Highest	$141,664	$34,301	$175,965
CHRISTOPHER JOHNSON	MGR - BUSINESS INTELLIGENCE	40.00	Highest	$144,045	$31,192	$175,237
KENNETH RIEDEL	AVP - REGIONAL MANAGER	40.00	Highest	$147,252	$23,005	$170,257
GRETCHEN GARDNER	DIRECTOR ORGANIZATIONAL DEVELOPMENT	40.00	Highest	$148,030	$21,707	$169,737
ALEXANDRE LABARRE	SR. CREDIT RISK ANALYST	40.00	Highest	$139,014	$21,481	$160,495

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	$80,410,170	$78,273,353	$1,723,073,803	$2,136,817
2022	$70,835,899	$62,658,353	$1,727,213,456	$8,177,546
2021	$64,866,163	$52,111,287	$1,726,756,998	$12,754,876
2020	$67,693,518	$61,610,794	$1,575,458,613	$6,082,724
2019	$66,281,697	$59,270,217	$1,340,088,701	$7,011,480
2018	$57,885,299	$48,618,524	$1,180,174,600	$9,266,775