1ST NORTHERN CALIFORNIA CREDIT UNI… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

DAVID M GREEN

Phone

9252287550

Tax Period

2025-01-01 to 2025-12-31

1ST NORTHERN CALIFORNIA CREDIT UNION, founded in 1949, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $30.7M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.7M, a strong 15% operating margin.

Mission

THIS CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSES OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, THIS CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THIS CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

1ST NORTHERN CREDIT UNION PROVIDES LOANS TO ITS MEMBERS AT LOW RATES.

Program 2

1ST NORTHERN CREDIT UNION PROVIDES ITS MEMBERS WITH SAVINGS ACCOUNTS THAT EARN INTEREST AT HIGHER RATES.

Program 3

1ST NORTHERN CREDIT UNION PROVIDES ITS MEMBERS WITH NO-COST OR LOW-COST FINANCIAL 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,127,222

Investment Income $13,282,416

Other Revenue $338,809

TOTAL REVENUE $30,748,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,694,225

Fundraising Expenses $0

Other Expenses $9,427,425

TOTAL EXPENSES $26,046,852

Year-over-Year Comparison

	2025	2024	Change
Revenue	$30,748,447	$27,797,888	+0.1%
Expenses	$26,046,852	$23,654,911	+0.1%
Net Income	$4,701,595	$4,142,977	+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

103

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

$825,694

Total Directors

Key Employees

$983,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GREEN	PRESIDENT/CEO	40.00	Officer	$512,521	$19,470	$531,991
DIANA MALICOAT	SR. VICE PRESIDENT/COO	40.00	Key Emp	$271,240	$29,929	$301,169
TASHA KOSTICK	SR. VICE PRESIDENT/CFO	40.00	Officer	$271,327	$22,376	$293,703
LISA HOMES	SR. VICE PRESIDENT/CLO	40.00	Key Emp	$237,696	$22,913	$260,609
BRUCE MURAOKA	VP OF IT	40.00	Key Emp	$193,744	$18,006	$211,750
GREGG HOFFMAN	SR. VICE PRESIDENT/CMO	40.00	Key Emp	$206,474	$3,098	$209,572
CHRIS PEREZ	VP OF MORTGAGE LENDING	40.00	Highest	$168,850	$25,012	$193,862
KRISTINA BRYAN	VP OF OPERATIONS	40.00	Highest	$163,183	$18,789	$181,972
ROBERT FRYMAN	VP OF COMPLIANCE	40.00	Highest	$155,143	$11,735	$166,878
REGINALD CAMPBELL	VP/BRANCH MANAGER	40.00	Highest	$138,283	$22,782	$161,065
CHRISTINA MORGAN	VP/BRANCH MANAGER	40.00	Highest	$126,809	$12,955	$139,764
STEPHEN YBARRA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JULIE ENEA	1ST VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARY ANN MASON	2ND VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT CAMPBELL	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINA DUNN	SECRETARY	2.00	Officer 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	$30,748,447	$26,046,852	$807,692,304	$4,701,595
2024	$27,797,888	$23,654,911	$822,266,381	$4,142,977
2023	$21,217,660	$18,195,169	$798,827,304	$3,022,491
2022	$16,635,726	$15,582,730	$878,372,297	$1,052,996
2021	$16,968,805	$15,410,058	$896,049,369	$1,558,747
2020	$18,785,935	$17,538,647	$829,109,084	$1,247,288
2019	$18,570,510	$16,286,171	$728,215,203	$2,284,339
2018	$16,901,624	$13,727,476	$696,834,722	$3,174,148

1ST NORTHERN CALIFORNIA CREDIT UNION