EMPLOYEES FIRST CREDIT UNION

EIN: 942670590

LOGAN, UT

Total Revenue
$4,216
Total Expenses
$251,960
Total Assets
N/A
Net Assets
N/A
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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
1979
Legal Domicile
UT
Principal Officer
CRAIG RUSSELL
Phone
4357528175
Tax Period
2022-01-01 to 2022-12-31

EMPLOYEES FIRST CREDIT UNION, founded in 1979, is a micro nonprofit that reported $4K in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $252K exceeded revenue, resulting in a 5876% operating deficit.

Mission

EMPLOYEES FIRST CREDIT UNION EXISTS FOR THE COLLECTIVE BENEFIT OF ITS MEMBERSHIP. MEMBERS OWNED TO PROVIDE SAVINGS TO MEMBERS FROM WHICH LOANS ARE MADE TO FELLOW MEMBERS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,419
Investment Income $1,797
Other Revenue $0
TOTAL REVENUE $4,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,341
Fundraising Expenses $0
Program Expenses $251,960
Other Expenses $67,164
TOTAL EXPENSES $251,960

Year-over-Year Comparison

2022 2021 Change
Revenue $4,216 $41,084 -0.9%
Expenses $251,960 $257,468 0.0%
Net Income $-247,744 $-216,384 +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

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
13

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
13
$14,125
Total Directors
7
$1,984
Key Employees
2
$14,125
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG RUSSELL PRESIDENT/MANAGER 10.00
Officer Key Emp Highest
$12,141 $0 $12,141
TRAVIS THOMPSON TELLER/BOARD OF DIRECTORS 6.00
Officer Director Key Emp
$1,984 $0 $1,984
JOSH BEUTLER CHAIR/BOARD OF DIRECTORS 0.00
Officer Director
$0 $0 $0
MATT BROWN BOARD OF DIRECTORS 0.00
Officer Director
$0 $0 $0
CHRIS PORTER BOARD OF DIRECTORS/SUPERVISORY COMM 0.00
Officer Director
$0 $0 $0
JUSTIN WILKERSON BOARD OF DIRECTORS 0.00
Officer Director
$0 $0 $0
SCOTT ROWLEY BOARD OF DIRECTORS 0.00
Officer Director
$0 $0 $0
SCOTT NELSON SUPERVISORY COMMITTEE 0.00
Officer
$0 $0 $0
JASON HOOTON SUPERVISORY COMMITTEE 0.00
Officer
$0 $0 $0
LAURIE HULL CHAIR, CREDIT COMMITTEE 0.00
Officer
$0 $0 $0
RACHAEL ESQUIVEL MEMBER, CREDIT COMMITTEE 0.00
Officer
$0 $0 $0
JASON HEAPS MEMBER, CREDIT COMMITTEE 0.00
Officer
$0 $0 $0
EMMILIE HAUN SECRETARY/BOARD OF DIRECTORS 0.00
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
2022 $4,216 $251,960 No data $-247,744
2021 $41,084 $257,468 $1,241,581 $-216,384
2020 $52,865 $59,388 $1,797,028 $-6,523
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