Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2020 • EIN 38-1379433

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 29, 2021

Organization ProfileWWW.PFCU4ME.COM

View Organization Page

9077 Charlotte HighwayPortland, MI 48875-8417

(517) 647-7571

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.90x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

19.62x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Net Margin

33rd percentile

8.0%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

37th percentile

$371,504

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Asset Growth

66th percentile

20%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-0.5%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$691,413,181

Up $113,239,544 (+20%) from 2019

Net Assets

Up

$68,671,952

Up $3,052,857 (+4.7%) from 2019

Liabilities

Up

$622,741,229

Up $110,186,687 (+21%) from 2019

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin33rd percentile

Revenue

Down

$31,747,235

Down $160,538 (-0.5%) from 2019

Expenses

Down

$29,215,869

Down $202,533 (-0.7%) from 2019

Net Income

Up

$2,531,366

Up $41,995 (+1.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$1.0B$500M$0Assets 2018: $535,594,031Liabilities 2018: $473,423,047Net Assets 2018: $62,170,9842018Assets 2019: $578,173,637Liabilities 2019: $512,554,542Net Assets 2019: $65,619,0952019Assets 2020: $691,413,181Liabilities 2020: $622,741,229Net Assets 2020: $68,671,9522020Assets 2021: $778,796,004Liabilities 2021: $706,557,288Net Assets 2021: $72,238,7162021Assets 2022: $790,319,803Liabilities 2022: $723,066,754Net Assets 2022: $67,253,0492022Assets 2023: $807,318,625Liabilities 2023: $734,716,777Net Assets 2023: $72,601,8482023Assets 2024: $818,132,214Liabilities 2024: $735,764,595Net Assets 2024: $82,367,6192024

Highlighted filing

2020

Assets$691,413,181
Liabilities$622,741,229
Net Assets$68,671,952
Open 2020 Filing

Operations Trend

Revenue Growth51st percentile

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

$60M$40M$20M$0Revenue 2018: $16,566,357Expenses 2018: $15,124,845Net Income 2018: $1,441,5122018Revenue 2019: $31,907,773Expenses 2019: $29,418,402Net Income 2019: $2,489,3712019Revenue 2020: $31,747,235Expenses 2020: $29,215,869Net Income 2020: $2,531,3662020Revenue 2021: $33,015,111Expenses 2021: $26,755,809Net Income 2021: $6,259,3022021Revenue 2022: $35,812,251Expenses 2022: $30,020,235Net Income 2022: $5,792,0162022Revenue 2023: $42,104,836Expenses 2023: $38,372,237Net Income 2023: $3,732,5992023Revenue 2024: $48,550,081Expenses 2024: $43,216,908Net Income 2024: $5,333,1732024

Highlighted filing

2020

Revenue$31,747,235
Expenses$29,215,869
Net Income$2,531,366
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 29, 2021
Return Version
2020v4.1
Gross Receipts
$31,747,235
Mission and Program Overview

Mission

Local people dedicated to hometown service one member at a time, anytime.

We are committed to the communities that we serve by providing products and services to exceed their lifelong goals. We will be our members' primary financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$411,528,119$434,868,990▲ $23,340,871
Savings and Temporary Cash Investments$34,106,225$90,196,519▲ $56,090,294
Investments in Publicly Traded Securities$61,918,925$86,772,243▲ $24,853,318
Rtn Earn Endowment Incm Other Fnds$65,619,095$68,671,952▲ $3,052,857
Investments Other Securities$31,550,065$40,656,201▲ $9,106,136
Land, Buildings, and Equipment, Net$11,559,860$10,797,763▼ $762,097
Cash and Non-Interest-Bearing Accounts$6,040,091$5,562,744▼ $477,347
Intangible Assets$4,146,579$3,859,477▼ $287,102
Prepaid Expenses and Deferred Charges$1,531,338$1,878,072▲ $346,734
Accounts Receivable$607,290$992,020▲ $384,730
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$578,173,637$691,413,181▲ $113,239,544
Other Assets Total$15,185,145$15,829,152▲ $644,007
Liabilities
Other Liabilities$498,519,710$618,107,353▲ $119,587,643
Mortgage Notes Payable Secured by Investment Property$10,000,000$0▼ $10,000,000
Accounts Payable and Accrued Expenses$4,034,832$4,633,876▲ $599,044
Total Liabilities$512,554,542$622,741,229▲ $110,186,687
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,619,095$68,671,952▲ $3,052,857
Total Liabilities and Net Assets / Fund Balance$578,173,637$691,413,181▲ $113,239,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,171,814$3,311,682$11,483,496
Equipment$983,551$3,072,064$4,055,615
Land$1,642,398-$1,642,398
Leasehold Improvements$0$515,979$515,979
Other Securities$6,273,022--
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anna WillsonProject ManagerFT$45,543$325,961$371,504
Harvey HoskinsCEOFT$264,320$72,891$337,211
Michele MakleyExecutive VPFT$163,196$36,177$199,373
Tammy L BengelCFOFT$144,296$30,453$174,749
Joe KriegerSVP LendingFT$124,629$41,778$166,407
Cicely VawterSVP Information TechnologyFT$126,924$34,770$161,694
Elizabeth BlundySVP of Human ResourcesFT$111,981$25,401$137,382

Board Members and Trustees

NameTitle
Michael WardChairperson
Brad McfaulVice Chairperson
Chad BurkeBod Member
Erin GormanBod Member
Ronald GreenBod Member
Virgil BuddBod Member
Daniel SchraubenSecretary
Frank MasonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
WorldpayDebit/credit Cards8500 GOVERNORS HILL DR, Symmes Township, OH 45249$1,485,348
Q2 SoftwareAdministration Of Home Banking Software2975 REGENT BLVD STE 100, Irving, TX 75320$460,956
Informa Business SystemsAtms/itms5170 HARTSHORN DR, Flushing, MI 48433$414,343
VisaVisa AdminPO BOX 672051, Dallas, TX 75267$177,026
Trans Union LLCCredit ReportsPO BOX 99506, Chicago, IL 60693-9506$126,496
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$29,100,100
Investment Income
$2,647,135
Other Revenue
$0
Change in Net Assets
$2,531,366

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,747,235
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$31,747,235
Total Revenue per Form 990
$31,747,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,171,125
Salaries, Compensation, and Employee Benefits$13,987,421
Grants and Similar Amounts Paid$57,323
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$8,626,260
Office Expenses---$2,934,479
Other Employee Benefits---$2,844,503
Interest---$2,834,414
Other Expenses---$1,360,062
Pension Plan Contributions---$1,239,115
Depreciation Depletion---$1,170,843
Information Technology---$1,103,564
All Other Expenses---$910,597
Payroll Taxes---$765,583
Advertising---$644,843
Occupancy---$590,976
Current Officers, Directors, Trustees, and Key Employees---$511,960
Fees for Services Other---$124,286
Insurance---$108,827
Fees for Services Accounting---$99,810
Fees for Service Investment Mgmnt Fees---$80,309
Payments to Affiliates---$71,262
Travel---$70,102
Grants to Domestic Orgs---$47,323
Grants to Domestic Individuals---$10,000
Conferences and Meetings---$1,103
Total Functional Expenses$0$0$0$29,215,869

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,215,869
Total Expenses per Audited Statements$29,215,869
Total Expenses per Form 990$29,215,869
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share and Savings$618,107,353
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 35% controlled entity
No
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, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“The credit union's field of membership has authority to elect and re-elect the board of directors and the members of the supervisory committee every two years.”

Form 990, Part VI, Section A, Line 7B

“Members of the credit union have the right to approve the governing body's election of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section B, Line 11B

“We have engaged doeren mayhew to prepare form 990. Once they have completed a draft of the filing, the vice president of accounting will review the form. Once approved, form 990 is e-filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The organization has a conflict of interest clause in the employee handbook. This handbook is reviewed and signed by each employee each year.”

Form 990, Part VI, Section B, Line 15

“The board chair performs a review of the ceo. The board of directors collectively determines the ceo's compensation utilizing the cuna salary survey as a reference. The ceo and the executive v.p. Determine the salary for the cfo and utilize the cuna salary survey as a reference.”

Form 990, Part VI, Section C, Line 19

“Governing documents and conflict of interest policies are not made available to the public. Quarterly financial statements are made available to the public on the ncua's website via the 5300 call report filing.”

Filing and Contact Details

Filer

Filer Name
Pfcu
EIN
38-1379433
Phone
5176477571
Address
9077 CHARLOTTE HIGHWAY, PORTLAND, MI 48875-8417

Signing Officer

Name
Tammy L Bengel
Title
CFO
Phone
5176477571
Signed
2021-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harvey Hoskins
Formed
1947
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
196
Volunteers
7

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Robert Parks
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The credit union has itms at the east region branches. The capabilities of those machines were adjusted to also act as atm machines. We also closed our corunna branch location during the summer of 2020.”

Form 990, Part IX, Line 11G

“Other professional expenses 124,286.”

Form 990, Part IX, Line 24E

“Maintenance 804,080. Training/development/education 56,420. Miscellaneous 50,097.”

Form 990, Part XII, Line 2C

“There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt, by statute, from federal income taxes on income related to the exempt purpose of the credit union.”

Raw XML AppendixShowing 400 of 599 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12182607
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13356270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14133786
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt13PROJECT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP INFORMATION TECHNOLOGY
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IRS990/FormationYr01947
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01103564
IRS990/InsuranceGrp/TotalAmt0108827
IRS990/IntangibleAssetsGrp/BOYAmt04146579
IRS990/IntangibleAssetsGrp/EOYAmt03859477
IRS990/InterestGrp/TotalAmt02834414
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02647135
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02647135
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt031550065
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt040656201
IRS990/InvestmentsPubTradedSecGrp/BOYAmt061918925
IRS990/InvestmentsPubTradedSecGrp/EOYAmt086772243
IRS990/IRPDocumentCnt010277
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt011559860
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010797763
IRS990/LandBldgEquipCostOrOtherBssAmt017697488
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LOCAL PEOPLE DEDICATED TO HOMETOWN SERVICE ONE MEMBER AT A TIME, ANYTIME.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt065619095
IRS990/NetAssetsOrFundBalancesEOYAmt068671952
IRS990/NetUnrelatedBusTxblIncmAmt025600
IRS990/NetUnrlzdGainsLossesInvstAmt0521491
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0590976
IRS990/OfficeExpensesGrp/TotalAmt02934479
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015185145
IRS990/OtherAssetsTotalGrp/EOYAmt015829152
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02844503
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/Desc1DEBIT/CREDIT EXPENSES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt05376
IRS990/OtherExpensesGrp/TotalAmt11560108
IRS990/OtherExpensesGrp/TotalAmt21500164
IRS990/OtherExpensesGrp/TotalAmt31360062
IRS990/OtherLiabilitiesGrp/BOYAmt0498519710
IRS990/OtherLiabilitiesGrp/EOYAmt0618107353
IRS990/OtherSalariesAndWagesGrp/TotalAmt08626260
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0411528119
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0434868990
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt071262
IRS990/PayrollTaxesGrp/TotalAmt0765583
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01239115
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01531338
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01878072
IRS990/PrincipalOfficerNm0HARVEY HOSKINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2520000
IRS990/ProgramServiceRevenueGrp/Desc0LOANS TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1FEES/CHARGES/OTHER
IRS990/ProgramServiceRevenueGrp/Desc2FINANCE AND INSURANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020995211
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18010016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020995211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18010016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt294873
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt094873
IRS990/ProgSrvcAccomActy2Grp/Desc0AS OF DECEMBER 31, 2020, PFCU PROVIDED 36,702 LOANS INCLUDING PERSONAL, HOME EQUITY, MORTGAGE AND CREDIT CARD TYPE LOANS.
IRS990/ProgSrvcAccomActy3Grp/Desc0PFCU OFFERED AUTOMATED TELLER MACHINES ITM MACHINES AND VARIOUS INSURANCE PROGRAMS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt075373
IRS990/PYInvestmentIncomeAmt03857459
IRS990/PYOtherExpensesAmt016286033
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt028050314
IRS990/PYRevenuesLessExpensesAmt02489371
IRS990/PYSalariesCompEmpBnftPaidAmt013056996
IRS990/PYTotalExpensesAmt029418402
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt031907773
IRS990/ReconcilationRevenueExpnssAmt02531366
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt065619095
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt068671952
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034106225
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090196519
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08171814
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03311682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011483496
IRS990ScheduleD/EquipmentGrp/BookValueAmt0983551
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03072064
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04055615
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt029215869
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01642398
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01642398
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0515979
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0515979
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0618107353
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE AND SAVINGS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01131500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11249500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt232002179
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt36273022
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PERPETUAL CONTRIBUTED CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3NON-NEGOTIABLE CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt031747235
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010797763
IRS990ScheduleD/TotalBookValueSecuritiesAmt040656201
IRS990ScheduleD/TotalExpensesPerForm990Amt029215869
IRS990ScheduleD/TotalLiabilityAmt0618107353
IRS990ScheduleD/TotalRevenuePerForm990Amt031747235
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt031747235
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt029215869
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DURING 2020, SCHOLARSHIPS WERE GRANTED TO 10 HIGH SCHOOL OR HOME-SCHOOLED SENIORS. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON CITIZENSHIP, ATTITUDE AND FINANCIAL NEED. APPLICANTS HAD TO BE PFCU MEMBERS IN GOOD STANDING. SCHOLARSHIP RECIPIENTS MUST ENROLL IN AN ACCREDITED UNIVERSITY, VOCATIONAL OR TECHNICAL COLLEGE IN THE FALL FOLLOWING HIGH SCHOOL GRADUATION AND THE FUNDS AWARDED MUST BE USED WITHIN ONE YEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART III
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt045543
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1264320

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$691,413,181
Liabilities
$622,741,229
Net assets
$68,671,952
Revenue
$31,747,235
Expenses
$29,215,869
Net income
$2,531,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$818$736$82.4$48.6$43.2$5.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$807$735$72.6$42.1$38.4$3.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$790$723$67.3$35.8$30.0$5.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$779$707$72.2$33.0$26.8$6.26
2020Detailed filing. Detailed filing data is available for this year.$691$623$68.7$31.7$29.2$2.53
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$578$513$65.6$31.9$29.4$2.49
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$536$473$62.2$16.6$15.1$1.44
Peer Organizations

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