Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2023 • EIN 38-1379433

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

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

58th percentile

0.91x

Higher debt load relative to assets than 58% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

17.45x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Net Margin

37th percentile

8.9%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

23rd percentile

$322,907

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2023

Asset Growth

52nd percentile

2.2%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

18%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$807,318,625

Up $16,998,822 (+2.2%) from 2022

Net Assets

Up

$72,601,848

Up $5,348,799 (+8.0%) from 2022

Liabilities

Up

$734,716,777

Up $11,650,023 (+1.6%) from 2022

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin37th percentile

Revenue

Up

$42,104,836

Up $6,292,585 (+18%) from 2022

Expenses

Up

$38,372,237

Up $8,352,002 (+28%) from 2022

Net Income

Down

$3,732,599

Down $2,059,417 (-36%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2023

Assets$807,318,625
Liabilities$734,716,777
Net Assets$72,601,848
Open 2023 Filing

Operations Trend

Revenue Growth28th 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

2023

Revenue$42,104,836
Expenses$38,372,237
Net Income$3,732,599
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$42,104,837
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$493,014,955$501,286,715▲ $8,271,760
Investments in Publicly Traded Securities$150,728,057$151,690,588▲ $962,531
Savings and Temporary Cash Investments$65,637,377$74,623,704▲ $8,986,327
Rtn Earn Endowment Incm Other Fnds$67,253,049$72,601,848▲ $5,348,799
Investments Other Securities$39,022,045$37,704,600▼ $1,317,445
Land, Buildings, and Equipment, Net$10,061,175$10,711,598▲ $650,423
Cash and Non-Interest-Bearing Accounts$6,534,348$6,696,810▲ $162,462
Intangible Assets$3,306,050$3,015,170▼ $290,880
Prepaid Expenses and Deferred Charges$1,869,746$2,041,535▲ $171,789
Accounts Receivable$1,110,952$603,337▼ $507,615
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$790,319,803$807,318,625▲ $16,998,822
Other Assets Total$19,035,098$18,944,568▼ $90,530
Liabilities
Other Liabilities$716,496,476$727,460,673▲ $10,964,197
Accounts Payable and Accrued Expenses$6,570,278$7,256,104▲ $685,826
Total Liabilities$723,066,754$734,716,777▲ $11,650,023
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,253,049$72,601,848▲ $5,348,799
Total Liabilities and Net Assets / Fund Balance$790,319,803$807,318,625▲ $16,998,822

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,780,279$4,280,464$11,060,743
Equipment$1,420,301$4,706,785$6,127,086
Land$2,070,794-$2,070,794
Leasehold Improvements$440,224$706,269$1,146,493
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michele MakleyCEOFT$276,962$45,945$322,907
Tammy L BengelCFOFT$198,515$102,126$300,641
Joseph KriegerExecutive VPFT$195,156$48,296$243,452
Leanne HixsonVP of LendingFT$141,482$35,447$176,929
Gursimran VirkSVP of ComplianceFT$128,656$43,411$172,067
Robyn HeronVP of MarketingFT$128,562$38,447$167,009
Theresa BurgessSVP Member ExperienceFT$128,450$34,992$163,442
Harvey HoskinsCEO - FormerFT$123,637$24,844$148,481

Board Members and Trustees

NameTitle
Michael WardChairperson
Chad BurkeVice Chairperson
Erin GormanBod Member
John KutasBod Member
Leo MadarangBod Member
Christine RockeySecretary
Frank MasonTreasurer
Terry GregorickaTresurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Member Driven TechnologiesCore System30230 ORCHARD LAKE RD STE 260, Farmington Hills, MI 48834$1,048,117
Informa Business SystemsAtms/itms5170 HARTSHORN DR, Flushing, MI 48433$1,040,337
Q2 SoftwareHome Banking SoftwarePO BOX 205970, Dallas, TX 75320-5970$882,494
Doxim Ids LLCStatements/mailingsPO BOX 933472, Cleveland, OH 44193$178,658
Cdw DirectTechnology SuppliesPO BOX 75723, Chicago, IL 60675-5723$171,438
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,942,502
Investment Income
$5,162,334
Other Revenue
$0
Change in Net Assets
$3,732,599

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,104,836
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$42,104,836
Total Revenue per Form 990
$42,104,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,163,254
Salaries, Compensation, and Employee Benefits$15,165,469
Grants and Similar Amounts Paid$43,514
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$10,051,836
Interest---$7,263,099
Office Expenses---$2,707,965
Other Employee Benefits---$2,530,898
Information Technology---$1,583,583
Other Expenses---$1,258,226
All Other Expenses---$1,126,227
Pension Plan Contributions---$1,057,797
Depreciation Depletion---$989,620
Payroll Taxes---$901,390
Advertising---$887,173
Current Officers, Directors, Trustees, and Key Employees---$623,548
Occupancy---$613,076
Travel---$297,830
Fees for Services Other---$254,920
Insurance---$150,405
Fees for Services Accounting---$133,553
Payments to Affiliates---$104,003
Fees for Service Investment Mgmnt Fees---$37,021
Grants to Domestic Orgs---$29,614
Grants to Domestic Individuals---$13,900
Total Functional Expenses$0$0$0$38,372,237

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$38,372,237
Total Expenses per Audited Statements$38,372,237
Total Expenses per Form 990$38,372,237
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Family CenterLowell, MI501(c)(3)Charitable Contribution$8,113
Habitat for Humanity of IoniaIonia, MI501(c)(3)Charitable Contribution$8,006
Welcome Home VeteransOwosso, MI501(c)(3)Charitable Contribution$6,765
Old News BoysFlint, MI501(c)(3)Charitable Contribution$6,730
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$727,460,673
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, using input from the collective board of directors. The board chairman consults with the chro to determine average increases for the leadership team, then assigns the approved increase based on this average, taking into consideration the current market salary for the position, using compease. The ceo and executive v.p. Determine the salary for the cfo using the compensation program, compease"”

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
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Makeley
Formed
1947
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
235
Volunteers
8

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Brandon M Wilson
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Provision for loan losses 918,866. Miscellaneous 107,780. Training/development/education 99,581.”

FORM 990, PART XI, LINE 9:

“Equity acquired through merger cumulative effect from change in accounting principle -2,268,758.”

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 672 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/PersonNm0MICHAEL WARD
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IRS990/Form990PartVIISectionAGrp/PersonNm8TAMMY L BENGEL
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IRS990/Form990PartVIISectionAGrp/PersonNm13JOSEPH KRIEGER
IRS990/Form990PartVIISectionAGrp/PersonNm14GURSIMRAN VIRK
IRS990/Form990PartVIISectionAGrp/PersonNm15HARVEY HOSKINS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8280501
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9297003
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10134395
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11147498
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12133544
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13202974
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14138081
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15127237
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRESURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP MEMBER EXPERIENCE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP OF COMPLIANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO - FORMER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01947
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt03294
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt013900
IRS990/GrantsToDomesticOrgsGrp/TotalAmt029614
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03295
IRS990/GrossReceiptsAmt042104837
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01583583
IRS990/InsuranceGrp/TotalAmt0150405
IRS990/IntangibleAssetsGrp/BOYAmt03306050
IRS990/IntangibleAssetsGrp/EOYAmt03015170
IRS990/InterestGrp/TotalAmt07263099
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05159040
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05159040
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt039022045
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt037704600
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0150728057
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0151690588
IRS990/IRPDocumentCnt012051
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09693518
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010061175
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010711598
IRS990/LandBldgEquipCostOrOtherBssAmt020405116
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01
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/NetAssetsOrFundBalancesBOYAmt067253049
IRS990/NetAssetsOrFundBalancesEOYAmt072601848
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03294
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03294
IRS990/NetUnrelatedBusTxblIncmAmt047280
IRS990/NetUnrlzdGainsLossesInvstAmt03884958
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0613076
IRS990/OfficeExpensesGrp/TotalAmt02707965
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019035098
IRS990/OtherAssetsTotalGrp/EOYAmt018944568
IRS990/OtherChangesInNetAssetsAmt0-2268758
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02530898
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/Desc1DEBIT/CREDIT EXPENSES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt07702
IRS990/OtherExpensesGrp/TotalAmt13358747
IRS990/OtherExpensesGrp/TotalAmt22390104
IRS990/OtherExpensesGrp/TotalAmt31258226
IRS990/OtherLiabilitiesGrp/BOYAmt0716496476
IRS990/OtherLiabilitiesGrp/EOYAmt0727460673
IRS990/OtherSalariesAndWagesGrp/TotalAmt010051836
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0493014955
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0501286715
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0104003
IRS990/PayrollTaxesGrp/TotalAmt0901390
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01057797
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01869746
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02041535
IRS990/PrincipalOfficerNm0MICHELE MAKELEY
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/RelatedOrExemptFuncIncomeAmt026030723
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110776359
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026030723
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110776359
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2135420
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0135420
IRS990/ProgSrvcAccomActy2Grp/Desc0AT THE END OF DECEMBER 2023 PFCU HAD 34,833 LOANS INCLUDING PERSONAL, HOME EQUITY, MORTGAGE, AND CREDIT CARD TYPES.
IRS990/ProgSrvcAccomActy3Grp/Desc0PFCU OFFERS AUTOMATED TELLER MACHINES AND VARIOUS INSURANCE PRODUCTS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0132754
IRS990/PYInvestmentIncomeAmt03375768
IRS990/PYOtherExpensesAmt015320426
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt032436483
IRS990/PYRevenuesLessExpensesAmt05792016
IRS990/PYSalariesCompEmpBnftPaidAmt014567055
IRS990/PYTotalExpensesAmt030020235
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt035812251
IRS990/ReconcilationRevenueExpnssAmt03732599
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt067253049
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt072601848
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065637377
IRS990/SavingsAndTempCashInvstGrp/EOYAmt074623704
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06780279
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04280464
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011060743
IRS990ScheduleD/EquipmentGrp/BookValueAmt01420301
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04706785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06127086
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt038372237
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02070794
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02070794
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0440224
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0706269
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01146493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0727460673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE AND SAVINGS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt042104836
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/TotalBookValueLandBuildingsAmt010711598
IRS990ScheduleD/TotalExpensesPerForm990Amt038372237
IRS990ScheduleD/TotalLiabilityAmt0727460673
IRS990ScheduleD/TotalRevenuePerForm990Amt042104836
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt042104836
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt038372237
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CASH FOR CLASSROOMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt126
IRS990ScheduleI/RecipientTable/CashGrantAmt08006
IRS990ScheduleI/RecipientTable/CashGrantAmt16765
IRS990ScheduleI/RecipientTable/CashGrantAmt26730
IRS990ScheduleI/RecipientTable/CashGrantAmt38113
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$807,318,625
Liabilities
$734,716,777
Net assets
$72,601,848
Revenue
$42,104,836
Expenses
$38,372,237
Net income
$3,732,599
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
2023Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)14 • $250M-$1B nonprofits