Park Side Financial Credit Union

Organization Overview

Park Side Financial Credit Union is located in Whitefish, MT. The organization was established in 1972. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Park Side Financial Credit Union employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Side Financial Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Park Side Financial Credit Union generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $13.8m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PARK SIDE IS A NOT FOR PROFIT FINANCIAL COOPERATIVE THAT PROVIDES FINANCIAL SERVICES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PARK SIDE FINANCIAL CREDIT UNION IS A MEMBER-OWNED CO-OPERATIVE OFFERING A DIVERSE VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. ITS PRIMARY FINANCIAL SERVICES ARE PROVIDING REAL ESTATE LOANS, CONSUMER LOANS, CHECKING ACCOUNTS, SAVINGS ACCOUNTS, AND TIME DEPOSITS TO ITS MEMBERS.AT DECEMBER 31, 2021 PARK SIDE FINANCIAL CREDIT UNION HAS 48,178 TRANSACTIONAL DEPOSIT ACCOUNTS WITH A VALUE OF $280,220,692.AT DECEMBER 31, 2021 PARK SIDE FINANCIAL CREDIT UNION HAS 1,892 TIME DEPOSIT ACCOUNTS WITH A VALUE OF $70,275,512.AT DECEMBER 31, 2021 PARK SIDE FINANCIAL CREDIT UNION HAS 1,125 REAL ESTATE LOANS WITH A VALUE OF $155,725,554.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncr Corporation
Online Banking Services
$304,928
Pscu
Card Servicing
$667,082
Cook Security Group
It Security Services
$282,989
Member Driven Technologies
Data Processing
$677,952
Visa
Card Servicing
$282,228
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$15,788,480
Investment income $270,674
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $43,665
Net Gain/Loss on Asset Sales $16,580
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,119,399

Peer Organizations

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