UNCLE 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

1957

Legal Domicile

Principal Officer

HARLOD ROUNDTREE

Phone

9254475001

Tax Period

2024-01-01 to 2024-12-31

UNCLE CREDIT UNION, founded in 1957, is a mid-sized nonprofit that reported $42.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE 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, UNCLE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDED 40,569 DEPOSIT ACCOUNTS TO 38,375 MEMBERS AS OF DECEMBER 31, 2024. IN 2024, 16,834 LOANS WERE MADE TO MEMBERS.

Program 2

LOANS AVAILABLE TO MEMBERS INCLUDE AUTO, CREDIT CARD, PERSONAL, HOME EQUITY, AND FIRST MORTGAGES.

Program 3

MEMBERS MAY OPEN THE FOLLOWING DEPOSIT ACCOUNTS: SAVINGS, CHECKING, MONEY MARKET, IRA, TERM CERTIFICATES OF DEPOSIT, YOUTH DEPOSIT ACCOUNTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,802,598

Investment Income $3,142,823

Other Revenue $0

TOTAL REVENUE $42,945,421

Expense Breakdown

Grants Paid $6,700

Salaries & Benefits $12,080,675

Fundraising Expenses $0

Other Expenses $19,470,902

TOTAL EXPENSES $42,153,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,945,421	$39,147,446	+0.1%
Expenses	$42,153,211	$37,283,003	+0.1%
Net Income	$792,210	$1,864,443	-0.6%

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

124

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

$3,357,299

Total Directors

Key Employees

$416,722

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEDA GRAY	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
LYUDMILA SHAPOVALAOV	TREASURER	4.00	Officer Director	$0	$0	$0
CHUNG BOTHWELL	BOARD CHAIRMAN	6.00	Officer Director	$0	$0	$0
CLAY SMITH	SECRETARY	4.00	Officer Director	$0	$0	$0
IVAN COREY	DIRECTOR	4.00	Director	$0	$0	$0
PETER GOLDSTEIN	DIRECTOR	4.00	Director	$0	$0	$0
LEE NEELY	DIRECTOR	4.00	Director	$0	$0	$0
JOHN STEIN	DIRECTOR	4.00	Director	$0	$0	$0
JOHN FREEMAN	DIRECTOR	4.00	Director	$0	$0	$0
ROBIN MORRIS	DIRECTOR	4.00	Director	$0	$0	$0
HUGH BUSSELL	DIRECTOR	4.00	Director	$0	$0	$0
TERRY BISHOP	CFO	40.00	Officer	$288,089	$164,475	$452,564
GINA BLOOMFIELD	SVP CONTROLLER	40.00	Officer	$282,022	$27,867	$309,889
HAROLD ROUNDTREE	CEO	40.00	Officer	$1,971,179	$623,667	$2,594,846
JAMES FISHER	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$280,462	$136,260	$416,722
FIDELA HERNANDEZ	VP OF OPERATIONS	40.00	Highest	$187,440	$44,407	$231,847
BLAIR CONNER	CHIEF CREDIT OFFICER	40.00	Highest	$271,936	$18,378	$290,314
APRIL INGRAM	CHIEF PEOPLE OFFICER	40.00	Highest	$241,262	$36,317	$277,579
ANTERO SORIANO	VP MEMBER SERVICES	40.00	Highest	$169,383	$21,238	$190,621
ANDREA F JOHNSON	CHIEF OPERATIONS OFFICER	40.00	Highest	$299,600	$24,481	$324,081

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	$42,945,421	$42,153,211	$746,045,550	$792,210
2023	$39,147,446	$37,283,003	$726,002,844	$1,864,443
2022	$29,745,355	$29,037,363	$734,869,392	$707,992
2021	$24,649,463	$21,100,130	$635,989,388	$3,549,333
2020	$25,797,681	$21,554,923	$568,131,777	$4,242,758
2019	$23,404,674	$19,375,155	$481,324,856	$4,029,519
2018	$21,154,689	$18,331,632	$448,146,651	$2,823,057