EAGLE COMMUNITY 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

1937

Legal Domicile

Principal Officer

SCOTT RAINS

Phone

9495889400

Tax Period

2023-01-01 to 2023-12-31

EAGLE COMMUNITY CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $26.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $24.5M left a modest 8% surplus.

Mission

EAGLE COMMUNITY CREDIT UNION IS 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, EAGLE COMMUNITY 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

PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 23,258 MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.

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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 $24,087,529

Investment Income $2,018,180

Other Revenue $670,219

TOTAL REVENUE $26,775,928

Expense Breakdown

Grants Paid $12,820

Salaries & Benefits $9,362,291

Fundraising Expenses $0

Other Expenses $15,168,720

TOTAL EXPENSES $24,543,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,775,928	$21,896,968	+0.2%
Expenses	$24,543,831	$18,439,711	+0.3%
Net Income	$2,232,097	$3,457,257	-0.4%

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

115

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

$570,435

Total Directors

Key Employees

$628,237

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIE FLORES	BOARD CHAIRPERSON	4.00	Director	$0	$0	$0
MILES FRIEDMAN	BOARD VICE CHAIRPERSON	2.00	Director	$0	$0	$0
JACKIE DETER	BOARD TREASURER	2.00	Director	$0	$0	$0
DIANE LEINWEBER	BOARD SECRETARY	2.00	Director	$0	$0	$0
PHILIP SOULANILLE II	BOARD MEMBER	2.00	Director	$0	$0	$0
BERTHA GASCON	BOARD MEMBER	2.00	Director	$0	$0	$0
ED FLORES	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN ROMERO	SUPV CMTE	2.00	Director	$0	$0	$0
PATRICIA DIDONATO	SUPV CMTE	2.00	Director	$0	$0	$0
PAULA FISHER	SUPV CMTE	2.00	Director	$0	$0	$0
STEVE NASMAN	SUPV CMTE	2.00	Director	$0	$0	$0
ANDREW SCOTT RAINS	CEO	40.00	Officer	$300,054	$22,595	$322,649
MARY ROBERTS	CFO	40.00	Officer	$228,880	$18,906	$247,786
ROBERT THOMPSON	CLO	40.00	Key Emp	$207,802	$35,536	$243,338
CAROL ROSAS	COO	40.00	Key Emp	$177,020	$22,442	$199,462
JEFF MADLAND	CHRO	40.00	Key Emp	$173,756	$11,681	$185,437
ERIC BRADY	CIO	40.00	Highest	$148,546	$11,679	$160,225
DAVID WARD	CMO	40.00	Highest	$130,046	$14,963	$145,009
RAMZI KOURY	ITM	40.00	Highest	$119,403	$13,988	$133,391
SHANE LLINAS	AVL	40.00	Highest	$109,875	$30,447	$140,322
VALERIE HENDRICKS	AVOC	40.00	Highest	$109,204	$5,892	$115,096

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	$26,775,928	$24,543,831	$352,378,562	$2,232,097
2022	$21,896,968	$18,439,711	$359,509,563	$3,457,257
2021	$17,550,263	$14,533,087	$329,547,938	$3,017,176
2020	$15,035,835	$14,028,875	$307,727,164	$1,006,960
2019	$14,171,687	$12,746,495	$259,201,721	$1,425,192
2018	$12,804,503	$11,793,413	$257,314,625	$1,011,090