SAN DIEGO, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WHEELHOUSE CREDIT UNION FKA SAN DIEGO METROPOLITAN CREDIT UNION, founded in 1934, is a mid-sized nonprofit that reported $23.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.
WHEELHOUSE 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, WHEELHOUSE 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.
AMONG OUR LARGEST ACCOUNT HOLDER BASE (OUTSIDE OF MEMBERSHIP SAVINGS) IS CHECKING ACCOUNTS. WHEELHOUSE OFFERS VARIOUS CHECKING PRODUCT TYPES WITH VARYING FEATURES AND BENEFITS. OUR AVERAGE CHECKING...
AMONG OUR LARGEST ACCOUNT HOLDER BASE (OUTSIDE OF MEMBERSHIP SAVINGS) IS CHECKING ACCOUNTS. WHEELHOUSE OFFERS VARIOUS CHECKING PRODUCT TYPES WITH VARYING FEATURES AND BENEFITS. OUR AVERAGE CHECKING BALANCE IS $10,000 AMONG THE CHECKING ACCOUNTS. THE TWO MOST POPULAR ACCOUNTS ARE THE DIVIDEND CHECKING AND INSPIRED CHECKING. ALL MEMBERS WITH CHECKING ACCOUNTS HAVE A BASIC SAVINGS, BUT THE SECOND MOST POPULAR ACCOUNT COMBINATION FOR CHECKING ACCOUNT HOLDERS INCLUDES A SAVINGS AND CONSUMER LOAN, FOLLOWED BY A SAVINGS CERTIFICATE ACCOUNT. THE CREDIT UNION UNDERWENT A NAME CHANGE IN SEPTEMBER OF 2018 CHANGING SAN DIEGO METROPOLITAN CREDIT UNION TO WHEELHOUSE CREDIT UNION. IN ADDITION TO THE NAME CHANGE, THE CREDIT UNION INTRODUCED A NEW HOME BANKING PLATFORM AND A NEW MONEY MOVING SERVICE AVAILABLE USING DEBIT CARDS AND ACH. IN OCTOBER OF 2019, WHEELHOUSE CREDIT UNION CONVERTED ITS CORE PROCESSOR FROM FISERV XP2 TO KEYSTONE.
THE SERVICE GARNERING LARGE ENROLLMENT IS INTERNET BANKING ENROLLMENT, WHICH ALLOWS MEMBERS TO MANAGE THEIR FINANCIAL ACCOUNTS 24 HOURS A DAY. FEATURES OF THIS SERVICE ARE THE ABILITY TO VIEW ACCOUNT...
THE SERVICE GARNERING LARGE ENROLLMENT IS INTERNET BANKING ENROLLMENT, WHICH ALLOWS MEMBERS TO MANAGE THEIR FINANCIAL ACCOUNTS 24 HOURS A DAY. FEATURES OF THIS SERVICE ARE THE ABILITY TO VIEW ACCOUNT BALANCES AND HISTORIES AT ANY TIME, VIEW CHECK IMAGES, AND PERFORM TRANSFERS FROM ONE OF THE MEMBER'S ACCOUNTS TO ANOTHER. THE BREADTH OF TRANSACTIONS PROVIDED TO THE MEMBER VIA THIS PLATFORM PROVIDES AN EFFICIENCY AND CONVENIENCE TO THE MEMBER AND IS LESS COSTLY THAN A BRANCH TRANSACTION; INCLUDED ARE FEATURES TO INTERNET BANKING NOW ALLOW MEMBERS TO MAKE AND/OR SCHEDULE TRANSFERS AND LOAN PAYMENTS FROM INTERNAL AND/OR EXTERNAL SOURCES.
ENERGY EFFICIENT/SOLAR LOANS MAKE UP 48% OF THE LOAN PORTFOLIO WITH A PORTFOLIO BALANCE OF $165M AND AN AVERAGE LOAN BALANCE OF $30,000. THESE LOANS ARE GRANTED TO MEMBERS FOR STRUCTURAL IMPROVEMENTS...
ENERGY EFFICIENT/SOLAR LOANS MAKE UP 48% OF THE LOAN PORTFOLIO WITH A PORTFOLIO BALANCE OF $165M AND AN AVERAGE LOAN BALANCE OF $30,000. THESE LOANS ARE GRANTED TO MEMBERS FOR STRUCTURAL IMPROVEMENTS TO THEIR HOMES WHICH MAKE THEM MORE ENERGY EFFICIENT. IMPROVEMENTS INCLUDE SOLAR PANELS, WINDOWS, ROOFING AND AIR CONDITIONING. BY PERFORMING SUCH IMPROVEMENTS TO THEIR HOME, MEMBERS SEE A SIGNIFICANT REDUCTION IN ENERGY EFFICIENT COSTS AS WELL AS RECEIVING A TAX CREDIT FROM THE IRS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $23,540,529 | $21,108,393 | +0.1% |
| Expenses | $22,961,080 | $21,695,700 | +0.1% |
| Net Income | $579,449 | $-587,307 | -2.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHARON FLOYD | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE ROSE | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT WILSON | BOARD SECRETARY/TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA RUSSO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA YOUNG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT LAWRENCE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARCIA MCLATCHY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIO MODIANO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN SOBEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE THOMAS | SUPV CMTE VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD PRENDELL | SUPV CMTE SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| GAIL GLUTTING | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MCRAY MURDOCK | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT WAHL | SUPV CMTE MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA PAUL-HILL | PRESIDENT/CEO | 50.00 |
Officer
|
$328,972 | $42,928 | $371,900 |
| LISA CHAN FORMER | CFO | 50.00 |
Officer
|
$172,145 | $20,074 | $192,219 |
| JOHN FRAZZA | CLO | 50.00 |
Officer
|
$215,758 | $14,515 | $230,273 |
| REBECCA RAMOS-ARZOLA | VP HUMAN RESOURCES | 50.00 |
Highest
|
$191,881 | $24,926 | $216,807 |
| CURT YASUHARA | VP BUSINESS INTELLIGENCE | 50.00 |
Highest
|
$187,263 | $33,236 | $220,499 |
| BRET JOHNSON | VP OPERATIONS | 50.00 |
Highest
|
$178,560 | $21,411 | $199,971 |
| DOUG LAFAVE | VP INFORMATION TECHNOLOGY | 50.00 |
Highest
|
$170,313 | $22,997 | $193,310 |
| JILL FAUCHER | VP MARKETING | 50.00 |
Highest
|
$167,996 | $27,434 | $195,430 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $23,540,529 | $22,961,080 | $441,639,938 | $579,449 |
| 2023 | $21,108,393 | $21,695,700 | $435,356,799 | $-587,307 |
| 2022 | $17,871,184 | $16,650,413 | $429,259,852 | $1,220,771 |
| 2021 | $17,122,868 | $15,731,957 | $389,094,591 | $1,390,911 |
| 2020 | $16,826,599 | $16,730,778 | $376,061,136 | $95,821 |
| 2019 | $15,829,697 | $16,082,427 | $332,489,066 | $-252,730 |
| 2018 | $15,907,448 | $14,433,461 | $286,136,344 | $1,473,987 |
Compare WHEELHOUSE CREDIT UNION FKA SAN DIEGO METROPOLITAN CREDIT UNION with other nonprofits in California and across the country.