MERIWEST CREDIT UNION (EIN 941521987) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

LISA PESTA

Phone

4089725222

Tax Period

2024-01-01 to 2024-12-31

MERIWEST CREDIT UNION, founded in 1961, is a major nonprofit in the Public & Societal Benefit sector that reported $110.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $104.9M left a modest 5% surplus.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $91,549,884

Investment Income $15,367,655

Other Revenue $3,469,210

TOTAL REVENUE $110,386,749

Expense Breakdown

Grants Paid $15,380

Salaries & Benefits $34,690,924

Fundraising Expenses $0

Other Expenses $70,162,881

TOTAL EXPENSES $104,869,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,386,749	$101,079,580	+0.1%
Expenses	$104,869,185	$98,580,471	+0.1%
Net Income	$5,517,564	$2,499,109	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

295

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

$3,091,050

Total Directors

Key Employees

$1,028,477

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DRARTHUR L JUE	CHAIRPERSON	2.00	Director	$0	$0	$0
SCOTT TIMPE	VICE CHAIRMAN	2.00	Director	$0	$0	$0
HARSHA VYAS	TREASURER	2.00	Director	$0	$0	$0
ROSARIO MONGE	SECRETARY	2.00	Director	$0	$0	$0
UDEY CHAUDHRY	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWIN MACH	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE GOVEIA	BOARD MEMBER	2.00	Director	$0	$0	$0
STAN CHAPMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM HICKS	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP FLUEGEMANN	SUPV CMTE CHAIRPERSON	2.00	Director	$0	$0	$0
TAYLOR LEE	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
JASON LAKER	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
LISA MARIE PESTA	PRESIDENT/CEO	40.00	Officer	$607,283	$30,371	$637,654
BRIAN HENNESSEY	SVP, CHIEF FINANCIAL OFFICER	40.00	Officer	$453,159	$51,305	$504,464
CHAD MAZE	SVP, CHIEF OPERATING OFFICER	40.00	Officer	$394,390	$49,925	$444,315
LINA ESTHER HESS	VP, CHIEF TECHNOLOGY OFFICER	40.00	Officer	$308,353	$50,138	$358,491
JIHONG HUANG	VP, CHIEF TREASURY OFFICER	40.00	Officer	$293,123	$33,820	$326,943
MELISSA A CLEBORNE	VP, CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$251,621	$27,735	$279,356
CYNTHIA DELACERDA WATSON	VP, CHIEF RISK & OPERATIONS OFFICER	40.00	Officer	$242,483	$37,229	$279,712
IAN K FOO	VP, CHIEF RETAIL OFFICER	40.00	Officer	$228,395	$31,720	$260,115
GENNADY FICHTENHOLZ	VP, DIGITAL STRATEGY AND ENGAGEMENT	40.00	Key Emp	$251,720	$34,420	$286,140
ERNESTO SEGOVIA	VP, NETWORK OPERATIONS AND SECURITY	40.00	Key Emp	$249,676	$26,663	$276,339
MARTINA VALENTINE	PRESIDENT, MERIWEST MORTGAGE	40.00	Key Emp	$230,607	$44,401	$275,008
BRANDI HOFFMAN-OOKA	VP, CONSUMER & FINTECH LENDING	40.00	Key Emp	$183,018	$7,972	$190,990
OMAR MASLIC	FINANCIAL ADVISOR	40.00	Highest	$314,331	$16,142	$330,473
KEITH FRANCE	SENIOR FINANCIAL ADVISOR	40.00	Highest	$306,393	$24,594	$330,987
ANDREW NGUYEN	FINANCIAL ADVISOR	40.00	Highest	$274,007	$31,211	$305,218
JEAN CHRISTOPHER LABEAU	AVP INFORMATION TECHNOLOGY DEVELOPMENT	40.00	Highest	$222,948	$12,765	$235,713
JOHN KWAN	AVP ASSISTANT CONTROLLER	40.00	Highest	$209,083	$32,220	$241,303

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	$110,386,749	$104,869,185	$2,097,171,871	$5,517,564
2023	$101,079,580	$98,580,471	$2,193,062,292	$2,499,109
2022	$77,350,663	$68,332,025	$2,248,988,827	$9,018,638
2021	$69,088,485	$59,548,796	$2,043,643,160	$9,539,689
2020	$73,694,841	$64,721,810	$1,884,893,406	$8,973,031
2019	$73,533,809	$59,409,330	$1,678,537,853	$14,124,479
2018	$67,382,751	$55,095,745	$1,617,798,786	$12,287,006

MERIWEST CREDIT UNION