Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Pacific Resource Credit Union C/O Nuvision Federal Credit Union
990 • Fiscal year 2012 • EIN 95-1768315
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.91x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$96,380,525
Up $1,207,161 (+1.3%) from 2011
Net Assets
Up$8,300,976
Up $105,533 (+1.3%) from 2011
Liabilities
Up$88,079,549
Up $1,101,628 (+1.3%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$4,417,812
Down $1,747,261 (-28%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Nov 14, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $4,421,323
Mission and Program Overview
Mission
A cooperative, organized for the purpose of promoting thrift andsavings 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, pacific resource credit union conductsits business for the mutual benefit and general welfare of itsmembers with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.
Major Activities
- Activity 2
- Maintained positive net interest income to encourage member savings and borrowing.
- Activity 3
- Minimized the impact of potential loan losses on the slate of products and services offered to membership.
Filing and Contact Details
Filer
- EIN
- 95-1768315
Raw XML AppendixShowing 400 of 422 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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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | PACIFIC RESOURCE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. PACIFIC RESOURCE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE GOVERNING BOARD OF PACIFIC RESOURCE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | EACH BOARD MEMBER RECEIVED A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | EACH YEAR THE CREDIT UNION PROVIDES ALL EMPLOYEES AND VOLUNTEERS WITH A COPY OF ITS CODE OF ETHICS/CONFLICT OF INTEREST POLICY. IT REQUIRES THAT EACH EMPLOYEE AND VOLUNTEER ACKNOWLEDGES THEIR RECEIPT AND THEIR UNDERSTANDING OF ITS CONTENTS BY SIGNING AND FORWARDING TO THE CREDIT UNION THEIR INDIVIDUAL DISCLOSURE STATEMENT. IN THIS STATEMENT EACH VOLUNTEER AND STAFF MEMBER EITHER ATTESTS TO HAVING NO CONFLICT OF INTEREST OR AGREES TO DISCLOSE ANY CONFLICT OF INTEREST THEY MIGHT HAVE AT THE TIME. THEY ALSO AGREE TO DISCLOSE ANY CONFLICT THAT MIGHT ARISE IN THE FUTURE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE BOARD COMPENSATION COMMITTEE PREPARES THE APPROPRIATE SALARY/COMPENSATION SURVEY FOR THE CEO POSITION. INDIVIDUAL PERFORMANCE CRITERIA IS REVIEWED AND SET BY WHICH THE CEO IS TO BE EVALUATED ON AN ANNUAL BASIS. THE COMMITTEE ESTABLISHED A GRADED RANGE WITHIN WHICH THE APPROPRIATE ANNUAL COMPENSATION FOR THE COMING YEAR IS SET ACCORDING TO THEIR EVALUATION OF THE CEO'S PAST PERFORMANCE IN ACHIEVING THE PREVIOUS YEAR'S GOALS AS SET BY THE BOARD. THE DETERMINATION OF THE OTHER OFFICER'S COMPENSATION HAS BEEN DELEGATED BY THE BOARD TO THE CEO. EACH INDIVIDUAL'S PERFORMANCE IS REVIEWED ANNUALLY AGAINST ESTABLISHED CRITERIA FOR EACH POSITION AS WELL AS THEIR PERFORMANCE IN ACHIEVING THEIR ASSIGNED GOALS. A GRADED SALARY RANGE HAS BEEN SET FOR EACH POSITION AND AN ANNUAL COMPENSATION SURVEY IS CARRIED OUT. THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGET HAS THE ULTIMATE APPROVAL OF THE OVERALL COMPENSATION OF THE CREDIT UNION STAFF. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | FINANCIAL STATEMENTS ARE POSTED EACH MONTH IN EACH BRANCH, REPORTED ON THE CALL REPORT AND ALSO MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | UNREALIZED GAIN/(LOSS) 102,022. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGES IN NET ASSETS OR FUND BALANCES: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PART XII, LINE 2C: |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | CA |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | CA |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 7812 EDINGER AVENUE |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | HUNTINGTON BEACH |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | CA |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 92647 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | JAMES MCHALE CEO |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 7143758150 |
| IRS990/TotalAssets/BOY | 0 | 95173364 |
| IRS990/TotalAssetsBOY | 0 | 95173364 |
| IRS990/TotalAssets/EOY | 0 | 96380525 |
| IRS990/TotalAssetsEOY | 0 | 96380525 |
| IRS990/TotalCompGT150K | 0 | 1 |
| IRS990/TotalExpensesCurrentYear | 0 | 4417812 |
| IRS990/TotalExpensesPriorYear | 0 | 6165073 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 4417812 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 41091 |
| IRS990/TotalLiabilities/BOY | 0 | 86977921 |
| IRS990/TotalLiabilitiesBOY | 0 | 86977921 |
| IRS990/TotalLiabilities/EOY | 0 | 88079549 |
| IRS990/TotalLiabilitiesEOY | 0 | 88079549 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 95173364 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 96380525 |
| IRS990/TotalNbrEmployees | 0 | 29 |
| IRS990/TotalNbrVolunteers | 0 | 10 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 8195443 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 8300976 |
| IRS990/TotalOtherCompensation | 0 | 41020 |
| IRS990/TotalOtherRevenue | 0 | 155000 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceRevenue | 0 | 3467093 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 274107 |
| IRS990/TotalRevenueCurrentYear | 0 | 4421323 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 0 |
| IRS990/TotalRevenuePriorYear | 0 | 5067714 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 4380232 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 4421323 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 41091 |
| IRS990/Travel/Total | 0 | 36151 |
| IRS990/TypeOfOrganizationOther | 0 | X |
| IRS990/TypeOfOrgOtherDescription | 0 | CREDIT UNION |
| IRS990/UnrelatedBusinessIncome | 0 | 1 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.PRCU.ORG |
| IRS990/WhistleblowerPolicy | 0 | 1 |
| IRS990/YearFormation | 0 | 1936 |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/Filer/EIN | 0 | 951768315 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | PACIFIC RESOURCE CREDIT UNION |
| ReturnHeader/Filer/NameControl | 0 | PACI |
| ReturnHeader/Filer/Phone | 0 | 2138307802 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $96,380,525
- Liabilities
- $88,079,549
- Net assets
- $8,300,976
- Revenue
- -
- Expenses
- $4,417,812
- Net income
- -