FIRST IMPERIAL 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

1942

Legal Domicile

Principal Officer

FIDEL GONZALEZ

Phone

7603521540

Tax Period

2023-01-01 to 2023-12-31

FIRST IMPERIAL CREDIT UNION, founded in 1942, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 23% operating margin.

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 APPROVED 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, FIRST IMPERIAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO MEMBERS INCLUDING ACCESS TO SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT AND RETIREMENT SAVINGS ACCOUNTS, WITH ACTIVE PROMOTION OF ATM/DEBIT CARDS...

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO MEMBERS INCLUDING ACCESS TO SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT AND RETIREMENT SAVINGS ACCOUNTS, WITH ACTIVE PROMOTION OF ATM/DEBIT CARDS, ELECTRONIC BILL PAY AND HOME BANKING. MEMBERS ALSO HAVE ACCESS TO CONSUMER LOANS INCLUDING VEHICLE LOANS, PERSONAL LINES OF CREDIT AND CREDIT CARDS.

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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 $12,409,681

Investment Income $830,546

Other Revenue $116,109

TOTAL REVENUE $13,356,336

Expense Breakdown

Grants Paid $12,533

Salaries & Benefits $4,225,052

Fundraising Expenses $0

Other Expenses $6,011,564

TOTAL EXPENSES $10,249,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,356,336	$10,509,894	+0.3%
Expenses	$10,249,149	$8,290,550	+0.2%
Net Income	$3,107,187	$2,219,344	+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

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

$869,443

Total Directors

$3,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR TORRES	CHAIRPERSON	0.75	Director	$0	$0	$0
ALEXIS ARAUJO	VICE CHAIRPERSON	0.75	Director	$2,339	$0	$2,339
MICHAEL CAMPBELL	SECRETARY	0.75	Director	$0	$0	$0
KATIE LUNA	TREASURER	0.75	Director	$0	$0	$0
VICTOR JAIME	BOARD MEMBER	0.75	Director	$0	$0	$0
KATHLEEN LANG	BOARD MEMBER	0.75	Director	$0	$0	$0
CHRISTOPHER H PETREE	BOARD MEMBER	0.75	Director	$0	$0	$0
CARLOS FLETES	SUPERVISORY COMMITTEE	0.75	Director	$623	$0	$623
STEVE ESCALERA	SUPERVISORY COMMITTEE	0.75	Director	$570	$0	$570
DAWN CHUN	SUPERVISORY COMMITTEE	0.75	Director	$0	$0	$0
FIDEL GONZALEZ	PRESIDENT/CEO	40.00	Officer	$254,696	$139,350	$394,046
CUAUHTEMOC DE LA TORRE	EVP/CFO	40.00	Officer	$200,827	$21,741	$222,568
JORGE ALCANTAR	COO	40.00	Officer	$123,469	$9,958	$133,427
MARLENA RENTERIA	CXO	40.00	Officer	$112,378	$7,024	$119,402

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$13,356,336	$10,249,149	$195,673,928	$3,107,187
2022	$10,509,894	$8,290,550	$184,124,441	$2,219,344
2021	$11,686,350	$6,723,789	$181,811,886	$4,962,561
2020	$9,533,910	$7,186,477	$158,641,134	$2,347,433
2019	$10,565,469	$9,389,603	$127,232,418	$1,175,866
2018	$9,432,397	$8,518,157	$122,480,004	$914,240