Civic Intelligence

Premier Source Credit Union

990 • Fiscal year 2017 • EIN 04-2444639

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

Organization ProfileWWW.BANKATPREMIERSOURCE.COM

View Organization Page

232 North Main StreetEast Longmeadow, MA 01028-1803

(413) 525-2002

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.87x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

19.10x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

10th percentile

-4.4%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$140,530

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

2nd percentile

-5.6%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-0.3%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$64,230,462

Down $3,807,156 (-5.6%) from 2016

Net Assets

Down

$8,421,123

Down $86,656 (-1.0%) from 2016

Liabilities

Down

$55,809,339

Down $3,720,500 (-6.2%) from 2016

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin10th percentile

Revenue

Down

$2,922,187

Down $8,168 (-0.3%) from 2016

Expenses

Down

$3,051,761

Down $233,223 (-7.1%) from 2016

Net Income

Up

-$129,574

Up $225,055 (+63%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $36,383,351Liabilities 2010: $32,812,928Net Assets 2010: $3,570,4232010Assets 2011: $37,599,860Liabilities 2011: $33,839,895Net Assets 2011: $3,759,9652011Assets 2012: $39,532,714Liabilities 2012: $35,484,699Net Assets 2012: $4,048,0152012Assets 2013: $67,791,099Liabilities 2013: $58,362,838Net Assets 2013: $9,428,2612013Assets 2014: $68,803,253Liabilities 2014: $59,350,885Net Assets 2014: $9,452,3682014Assets 2015: $69,865,283Liabilities 2015: $60,851,540Net Assets 2015: $9,013,7432015Assets 2016: $68,037,618Liabilities 2016: $59,529,839Net Assets 2016: $8,507,7792016Assets 2017: $64,230,462Liabilities 2017: $55,809,339Net Assets 2017: $8,421,1232017Assets 2018: $62,230,796Liabilities 2018: $53,930,574Net Assets 2018: $8,300,2222018

Highlighted filing

2017

Assets$64,230,462
Liabilities$55,809,339
Net Assets$8,421,123
Open 2017 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,072,3802010Expenses 2011: $2,027,3422011Revenue 2012: $2,266,925Expenses 2012: $1,983,617Net Income 2012: $283,3082012Revenue 2013: $3,103,170Expenses 2013: $2,610,050Net Income 2013: $493,1202013Revenue 2014: $3,080,473Expenses 2014: $3,326,387Net Income 2014: -$245,9142014Revenue 2015: $3,020,018Expenses 2015: $3,319,009Net Income 2015: -$298,9912015Revenue 2016: $2,930,355Expenses 2016: $3,284,984Net Income 2016: -$354,6292016Revenue 2017: $2,922,187Expenses 2017: $3,051,761Net Income 2017: -$129,5742017Revenue 2018: $3,216,300Expenses 2018: $3,113,247Net Income 2018: $103,0532018

Highlighted filing

2017

Revenue$2,922,187
Expenses$3,051,761
Net Income-$129,574
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$3,497,745
Mission and Program Overview

Mission

Credit union - thrift services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$33,611,983$34,452,749▲ $840,766
Investments in Publicly Traded Securities$14,541,559$13,983,252▼ $558,307
Savings and Temporary Cash Investments$15,571,746$11,500,061▼ $4,071,685
Land, Buildings, and Equipment, Net$2,242,825$2,085,691▼ $157,134
Cash and Non-Interest-Bearing Accounts$656,325$642,517▼ $13,808
Receivables From Officers Etc$244,358$264,013▲ $19,655
Prepaid Expenses and Deferred Charges$90,536$130,909▲ $40,373
Investments Other Securities$128,900$128,900→ $0
Total Assets$68,037,618$64,230,462▼ $3,807,156
Other Assets Total$949,386$1,042,370▲ $92,984
Liabilities
Other Liabilities$59,457,650$55,715,134▼ $3,742,516
Accounts Payable and Accrued Expenses$72,189$94,205▲ $22,016
Total Liabilities$59,529,839$55,809,339▼ $3,720,500
Net Assets / Fund Balance
Unrestricted Net Assets$8,507,779$8,421,123▼ $86,656
Total Net Assets Fund Balance$8,507,779$8,421,123▼ $86,656
Total Liabilities and Net Assets / Fund Balance$68,037,618$64,230,462▼ $3,807,156

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,407,463$690,213$2,097,676
Equipment$122,766$833,328$956,094
Land$551,503-$551,503
Leasehold Improvements$3,959$62,078$66,037
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bonnie J RaymondC.e.o.FT$127,629$12,901$140,530

Board Members and Trustees

NameTitle
Richard GrabiecChairman
Andrew NetherwoodDirector
Barbara CharestDirector
David KrugerDirector
Douglas MellisDirector
Joseph FranciscoDirector
Judy JacksonDirector
Madhu ShahDirector
Michael DobiseDirector
Susan GouletDirector
Sandra WoodrowClerk
George ReichTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv Credit Union SolutionsCore Processor75 REMITTANCE DR - SUITE 6958, Chicago, IL 60675$288,503
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,757,858
Investment Income
$524,221
Other Revenue
$640,108
Change in Net Assets
$-129,574

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,922,187
Total Revenue per Audited Statements
$2,922,187
Total Revenue per Form 990
$2,922,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,889,528
Salaries, Compensation, and Employee Benefits$1,160,233
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$847,833
Interest---$226,706
Depreciation Depletion---$141,425
Current Officers, Directors, Trustees, and Key Employees---$140,530
Occupancy---$139,526
Other Expenses---$103,265
Other Employee Benefits---$78,578
Payroll Taxes---$70,868
Pension Plan Contributions---$22,424
Grants to Domestic Individuals---$2,000
Total Functional Expenses$0$0$0$3,051,761

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,051,761
Total Expenses per Audited Statements$3,051,761
Total Expenses per Form 990$3,051,761
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$244,358$264,013▲ $19,655
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$55,715,134
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Persons who meet the requirements of the organizations field of membership who hold at least one share of capital.”

Form 990, Page 6, Part VI, Line 7A

“Each member has a vote at the election of the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“Any changes to the incorporating documents are approved by the membership.”

Form 990, Page 6, Part VI, Line 11B

“Responsible party reviews form 990; copy is provided to audit committee prior to completion. Final numbers are reconciled to audited financial statements.”

Form 990, Page 6, Part VI, Line 12C

“Annual review by committee”

Form 990, Page 6, Part VI, Line 15A

“The credit union determines the grade level and salary structure by utilizing management associations of america's (maa) national position evaluation plan for exempt and non exempt employees. On an annual basis, the grade level salaries are reviewed for increases using industry standards. The final salary budget is then presented to the board of directors for approval during the annual budget review.”

Form 990, Page 6, Part VI, Line 15B

“The credit union determines the grade level and salary structure by utilizing management associations of america's (maa) national position evaluation plan for exempt and non exempt employees. On an annual basis, the grade level salaries are reviewed for increases using industry standards. The final salary budget is then presented to the board of directors for approval during the annual budget review.”

Form 990, Page 6, Part VI, Line 19

“The financial statements are posted in each credit union's office lobby at each month end. Governing policies and documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Premier Source Credit Union
EIN
04-2444639
Phone
4135252002
Address
232 NORTH MAIN STREET, EAST LONGMEADOW, MA 01028-1803

Signing Officer

Name
Bonnie J Raymond
Title
C.e.o.
Phone
4135252002
Signed
2018-11-12

Organization Details

Principal Officer
Bonnie J Raymond
Formed
1941
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
30
Volunteers
12

Preparer

Firm
Garvey Steele & Company Llp
Address
PO BOX 397, MYSTIC, CT 06355-0397
Preparer
Richard B Steele CPA
Phone
8605369831
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Maintenance of member share and deposit accounts. Maintenance of member loan accounts.”

Raw XML AppendixShowing 400 of 428 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0139526
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0949386
IRS990/OtherAssetsTotalGrp/EOYAmt01042370
IRS990/OtherEmployeeBenefitsGrp/TotalAmt078578
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/TotalAmt0955596
IRS990/OtherExpensesGrp/TotalAmt1323010
IRS990/OtherExpensesGrp/TotalAmt2103265
IRS990/OtherLiabilitiesGrp/BOYAmt059457650
IRS990/OtherLiabilitiesGrp/EOYAmt055715134
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0MEMBER SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc2NON MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0426438
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1199670
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0426438
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1199670
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt27554
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt07554
IRS990/OtherRevenueTotalAmt0633662
IRS990/OtherSalariesAndWagesGrp/TotalAmt0847833
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033611983
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt034452749
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt070868
IRS990/PensionPlanContributionsGrp/TotalAmt022424
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt090536
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130909
IRS990/PrincipalOfficerNm0BONNIE J RAYMOND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01757858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01757858
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS. MAINTENANCE OF MEMBER LOAN ACCOUNTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0542259
IRS990/PYOtherExpensesAmt02092613
IRS990/PYOtherRevenueAmt0656487
IRS990/PYProgramServiceRevenueAmt01731610
IRS990/PYRevenuesLessExpensesAmt0-354628
IRS990/PYSalariesCompEmpBnftPaidAmt01192371
IRS990/PYTotalExpensesAmt03284984
IRS990/PYTotalRevenueAmt02930356
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0244358
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0264013
IRS990/ReconcilationRevenueExpnssAmt0-129574
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06446
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015571746
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011500061
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01407463
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0690213
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02097676
IRS990ScheduleD/EquipmentGrp/BookValueAmt0122766
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0833328
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0956094
IRS990ScheduleD/ExpensesSubtotalAmt03051761
IRS990ScheduleD/LandGrp/BookValueAmt0551503
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0551503
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03959
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt062078
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt066037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055715134
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt02922187
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02085691
IRS990ScheduleD/TotalExpensesPerForm990Amt03051761
IRS990ScheduleD/TotalLiabilityAmt055715134
IRS990ScheduleD/TotalRevenuePerForm990Amt02922187
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02922187
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03051761
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0264013
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0375550
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0VARIOUS OFFICER DIRECTOR LOANS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICERS & DIRECTORS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0264013
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS. MAINTENANCE OF MEMBER LOAN ACCOUNTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY CHANGES TO THE INCORPORATING DOCUMENTS ARE APPROVED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RESPONSIBLE PARTY REVIEWS FORM 990; COPY IS PROVIDED TO AUDIT COMMITTEE PRIOR TO COMPLETION. FINAL NUMBERS ARE RECONCILED TO AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL REVIEW BY COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION DETERMINES THE GRADE LEVEL AND SALARY STRUCTURE BY UTILIZING MANAGEMENT ASSOCIATIONS OF AMERICA'S (MAA) NATIONAL POSITION EVALUATION PLAN FOR EXEMPT AND NON EXEMPT EMPLOYEES. ON AN ANNUAL BASIS, THE GRADE LEVEL SALARIES ARE REVIEWED FOR INCREASES USING INDUSTRY STANDARDS. THE FINAL SALARY BUDGET IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL DURING THE ANNUAL BUDGET REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION DETERMINES THE GRADE LEVEL AND SALARY STRUCTURE BY UTILIZING MANAGEMENT ASSOCIATIONS OF AMERICA'S (MAA) NATIONAL POSITION EVALUATION PLAN FOR EXEMPT AND NON EXEMPT EMPLOYEES. ON AN ANNUAL BASIS, THE GRADE LEVEL SALARIES ARE REVIEWED FOR INCREASES USING INDUSTRY STANDARDS. THE FINAL SALARY BUDGET IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL DURING THE ANNUAL BUDGET REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FINANCIAL STATEMENTS ARE POSTED IN EACH CREDIT UNION'S OFFICE LOBBY AT EACH MONTH END. GOVERNING POLICIES AND DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt068037618
IRS990/TotalAssetsEOYAmt064230462
IRS990/TotalAssetsGrp/BOYAmt068037618
IRS990/TotalAssetsGrp/EOYAmt064230462
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03051761
IRS990/TotalGrossUBIAmt07554
IRS990/TotalLiabilitiesBOYAmt059529839
IRS990/TotalLiabilitiesEOYAmt055809339
IRS990/TotalLiabilitiesGrp/BOYAmt059529839
IRS990/TotalLiabilitiesGrp/EOYAmt055809339
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08507779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08421123
IRS990/TotalOtherCompensationAmt012901
IRS990/TotalProgramServiceRevenueAmt01757858
IRS990/TotalReportableCompFromOrgAmt0127629
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02914633
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02922187
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07554
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068037618
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt064230462
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08507779
IRS990/UnrestrictedNetAssetsGrp/EOYAmt08421123
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0232 NORTH MAIN ST
IRS990/USAddress/AddressLine2Txt0232 NORTH MAIN ST
IRS990/USAddress/CityNm0EAST LONGMEADOW
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001028
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.BANKATPREMIERSOURCE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BONNIE J RAYMOND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0C.E.O.
ReturnHeader/BusinessOfficerGrp/PhoneNum04135252002
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PREMIER SOURCE CREDIT UNION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,230,462
Liabilities
$55,809,339
Net assets
$8,421,123
Revenue
$2,922,187
Expenses
$3,051,761
Net income
-$129,574
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.2$53.9$8.30$3.22$3.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$64.2$55.8$8.42$2.92$3.05$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.0$59.5$8.51$2.93$3.28$0.35
2015Detailed filing. Detailed filing data is available for this year.$69.9$60.9$9.01$3.02$3.32$0.30
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$68.8$59.4$9.45$3.08$3.33$0.25
2013Detailed filing. Detailed filing data is available for this year.$67.8$58.4$9.43$3.10$2.61$0.49
2012Summary only. Only limited summary data is available for this year.$39.5$35.5$4.05$2.27$1.98$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$33.8$3.76$2.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$32.8$3.57$2.07