THE GOLDEN 1 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

1933

Legal Domicile

Principal Officer

DONNA A BLAND

Phone

9167322900

Tax Period

2023-01-01 to 2023-12-31

THE GOLDEN 1 CREDIT UNION, founded in 1933, is a major nonprofit in the Public & Societal Benefit sector that reported $898.1M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140.3M, a strong 16% operating margin.

Mission

THE GOLDEN 1 CREDIT UNION DELIVERS EXCEPTIONAL FINANCIAL SERVICES AND SUPPORT TO EMPOWER OUR MEMBERS AND COMMUNITIES. THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN CREDIT UNION BUSINESS AND ANY OTHER LAWFUL ACTIVITIES WHICH ARE NOT PROHIBITED TO A CREDIT UNION BY APPLICABLE LAWS OR REGULATIONS.

Program Service Accomplishments

Program 1

GOLDEN 1 OFFERS AN ARRAY OF DEPOSIT PRODUCTS TO OUR MEMBERSHIP, INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS AND CERTIFICATES. WHILE EARNING COMPETITIVE DIVIDEND RATES, OUR MEMBERSHIP CAN ACCESS THEIR DEPOSITS THROUGH OUR BRANCH NETWORK, VIA AN ATM, ONLINE OR BY CALLING OUR MEMBER SERVICE CONTACT CENTER.

Program 2

GOLDEN 1 OFFERS AN ARRAY OF COMPETITIVE LOAN OPTIONS TO OUR MEMBERSHIP, INCLUDING NEW AND USED AUTO, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD AND PERSONAL LOANS. GOLDEN 1 STRIVES TO MAINTAIN...

GOLDEN 1 OFFERS AN ARRAY OF COMPETITIVE LOAN OPTIONS TO OUR MEMBERSHIP, INCLUDING NEW AND USED AUTO, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD AND PERSONAL LOANS. GOLDEN 1 STRIVES TO MAINTAIN COMPETITIVE PRICING AND A VARIETY OF LOAN PRODUCTS THAT MEET OUR MEMBER'S BORROWING NEEDS. MEMBERS CAN APPLY FOR LOANS IN A BRANCH, ONLINE, OR AT AN AUTO DEALERSHIP.

Program 3

GOLDEN 1 OFFERS OUR MEMBERS AN ARRAY OF INSURANCE AND INVESTMENT-RELATED PRODUCTS SUCH AS CREDIT LIFE/CREDIT DISABILITY, MECHANICAL BREAKDOWN INSURANCE, GUARANTEED ASSET PROTECTION ANDFINANCIAL...

GOLDEN 1 OFFERS OUR MEMBERS AN ARRAY OF INSURANCE AND INVESTMENT-RELATED PRODUCTS SUCH AS CREDIT LIFE/CREDIT DISABILITY, MECHANICAL BREAKDOWN INSURANCE, GUARANTEED ASSET PROTECTION ANDFINANCIAL CONSULTING.

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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 $608,459,458

Investment Income $180,806,726

Other Revenue $108,813,926

TOTAL REVENUE $898,080,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,538,474

Fundraising Expenses $0

Other Expenses $534,229,378

TOTAL EXPENSES $757,767,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$898,080,110	$628,951,060	+0.4%
Expenses	$757,767,852	$504,386,598	+0.5%
Net Income	$140,312,258	$124,564,462	+0.1%

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

2695

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

$6,353,642

Total Directors

Key Employees

$714,003

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERI L THOMAS	DIRECTOR, CHAIR	6.00	Director	$0	$0	$0
AEISHA MASTAGNI	DIRECTOR, VICE CHAIR	6.00	Director	$0	$0	$0
P CRAIG CORNETT	DIRECTOR, SECRETARY/TREASURER	6.00	Director	$0	$0	$0
KEELY BOSLER	DIRECTOR	6.00	Director	$0	$0	$0
TING LAN SUN	DIRECTOR	6.00	Director	$0	$0	$0
CASSANDRA JENNINGS	DIRECTOR	6.00	Director	$0	$0	$0
SAMANTHA LUI	DIRECTOR	6.00	Director	$0	$0	$0
PARIS COLEMAN	DIRECTOR	6.00	Director	$0	$0	$0
CRAIG BROWN	DIRECTOR	6.00	Director	$0	$0	$0
DONNA BLAND	PRESIDENT AND CEO	60.00	Officer	$1,290,044	$43,192	$1,333,236
DUSTIN LUTON	SEVP - SENIOR EXECUTIVE VICE PRESIDENT	60.00	Officer	$620,014	$43,360	$663,374
ALLYSON HILL	EVP - CHIEF FINANCIAL OFFICER	60.00	Officer	$508,204	$19,800	$528,004
COURTNEY LINN	EVP - HEAD OF LEGAL RISK AND COMPLIANCE	60.00	Officer	$432,523	$59,021	$491,544
HEATHER ANDRADE-NEUMANN	EVP - CHIEF PEOPLE OFFICER	60.00	Officer	$405,727	$19,973	$425,700
EVGENIY TKACHUK	SVP - CHIEF DIGITAL OFFICER	60.00	Officer	$373,038	$53,136	$426,174
CHAD CARRINGTON	SVP - CHIEF INFORMATION OFFICER	60.00	Officer	$368,773	$21,048	$389,821
DONALD HAMILTON	EVP - CHIEF LENDING OFFICER	60.00	Officer	$349,192	$24,896	$374,088
DOUGLAS AGUIAR	SVP - CHIEF MARKETING OFFICER	60.00	Officer	$322,430	$43,083	$365,513
JOHN FISCHER	EVP - CHIEF RETAIL OFFICER	60.00	Officer	$302,623	$30,741	$333,364
KYLE LONG	SVP - CORPORATE STRATEGY	60.00	Officer	$296,809	$46,914	$343,723
WALTER ANASOVITCH	SVP - SERVICE OPERATIONS	60.00	Officer	$273,849	$40,413	$314,262
RYAN KELLY	SVP - CHIEF AUDIT EXECUTIVE	60.00	Officer	$266,620	$40,910	$307,530
WILLIAM POPPEN	SVP - PRODUCT ANALYTICS AND RISK	60.00	Officer	$56,233	$1,076	$57,309
JOLEEN AYERS	VP - ENTERPRISE RISK OFFICER	50.00	Key Emp	$225,724	$47,795	$273,519
MATTHEW FIGUEROA	VP - TREASURER AND INVESTMENT OFFICER	50.00	Key Emp	$224,307	$21,334	$245,641
KIRSTEN MILLER	DIRECTOR - INFORMATION SECURITY AND THIRD-PARTY RI	50.00	Key Emp	$183,893	$10,950	$194,843
MICHAEL HUNTLEY	DIRECTOR - BUSINESS SERVICES	50.00	Highest	$681,247	$61,593	$742,840
CHRISTAN YANGUAS	HOME LOAN ADVISOR - EXTERNAL	50.00	Highest	$431,710	$39,654	$471,364
KEVIN CAVANAUGH	HOME LOAN ADVISOR - EXTERNAL	50.00	Highest	$376,983	$53,136	$430,119
NIRMALYA MODAK	HOME LOAN ADVISOR - EXTERNAL	50.00	Highest	$366,371	$38,252	$404,623
JEFFREY ROGERS	SR COMMERCIAL LOAN OFFICER	50.00	Highest	$359,502	$52,484	$411,986
DEBORAH MERCHAIN	HOME LOAN ADVISOR - EXTERNAL	50.00		$460,665	$32,009	$492,674
RICHARD MUSCI	EVP - PRODUCTS AND DELIVERY	50.00		$415,765	$28,017	$443,782
ALAN RUSSELL	HOME LOAN ADVISOR - EXTERNAL	50.00		$389,527	$40,566	$430,093
JOSEPH HARRISON	VP - COMPLIANCE OFFICER & BSA/AML AND OFAC OFFICER	50.00		$275,989	$26,909	$302,898
STEVEN KNIGHTON	SVP - HEAD OF BUSINESS SERVICES	50.00		$242,961	$30,360	$273,321
CHANNING E YIP	HOME LOAN ADVISOR - EXTERNAL	50.00		$236,728	$15,099	$251,827
ALPHONSO COSBY	VP - REGIONAL BR CHAN DELIV	50.00		$213,056	$51,419	$264,475
REVATI RAO	SVP - HEAD OF HOME LOANS	50.00		$203,600	$22,881	$226,481

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	$898,080,110	$757,767,852	$21,129,803,548	$140,312,258
2022	$628,951,060	$504,386,598	$18,481,868,090	$124,564,462
2021	$525,382,897	$394,456,753	$18,331,687,285	$130,926,144
2020	$529,017,023	$461,241,215	$16,310,412,697	$67,775,808
2019	$532,330,203	$433,809,978	$12,993,881,498	$98,520,225
2018	$483,456,225	$390,041,755	$12,255,270,007	$93,414,470
2016	$399,157,203	$309,442,510	$10,617,388,977	$89,714,693