Pcm Credit Union
- Assets
- $450.1m
- Revenue
- $18.9m
- Investments
- $11.9m
- Employees
- 59
- Location
- Green Bay, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-0974444
Organization Overview
Pcm Credit Union is located in Green Bay, WI. As of 12/2023, Pcm Credit Union employed 59 individuals. Pcm 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 12/2023, Pcm Credit Union generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $17.9m during the year ending 12/2023. While expenses have increased by 14.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PCM CREDIT UNION IS A STRONG FINANCIAL COOPERATIVE THAT GOES ABOVE AND BEYOND PROVIDING MEMBER-OWNERS BENEFITS AND ADVANTAGES OVER OTHER FINANCIAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 2,854 LOANS DURING 2023. WE HAD 2,274 MORTGAGES/HOME EQUITY LINES, 5,165 CONSUMER LOANS. WE ALSO HAD 4,487 CREDIT CARDS ACCOUNTS WITH OUR MEMBERS AT 12/31.
WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 14,446 MEMBERS AT 12/31/23. DURING 2023, WE OPENED 5,920 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Murray Chairperson | Trustee | 1 | $1,351 |
Jeff Burich Vice Chairperson | Trustee | 1 | $0 |
Marlis Klimek Vice Chairperson (thru March 2023) | Trustee | 1 | $0 |
Robert Hatszegi Treasurer | Trustee | 1 | $1,849 |
Deb Barlament Director | Trustee | 1 | $0 |
Phillip Giese Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,242 |
| 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 | $21,242 |
| Total Program Service Revenue | $14,999,285 |
| Investment income | $3,848,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| Net Gain/Loss on Asset Sales | $40,001 |
| Net Income from Fundraising Events | -$941 |
| Net Income from Gaming Activities | $8,230 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,921,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,656 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $666,974 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,601,491 |
| Pension plan accruals and contributions | $158,719 |
| Other employee benefits | $583,158 |
| Payroll taxes | $251,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,256 |
| Advertising and promotion | $55,202 |
| Office expenses | $228,021 |
| Information technology | $476,140 |
| Royalties | $0 |
| Occupancy | $229,145 |
| Travel | $16,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129,367 |
| Interest | $1,774,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,095 |
| Insurance | $70,525 |
| All other expenses | $440,968 |
| Total functional expenses | $17,920,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,769,556 |
| Savings and temporary cash investments | $9,564,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,016,707 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $319,980,701 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $280,442 |
| Net Land, buildings, and equipment | $5,912,341 |
| Investments—publicly traded securities | $83,504,573 |
| Investments—other securities | $11,873,904 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,210,970 |
| Total assets | $450,113,411 |
| Accounts payable and accrued expenses | $5,970,846 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $173,323 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $54,698,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $346,602,948 |
| Total liabilities | $407,445,244 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,000,000 |
| Retained earnings, endowment, accumulated income, or other funds | $37,668,167 |
| Total liabilities and net assets/fund balances | $450,113,411 |
Grants Awarded
Over the last fiscal year, Pcm Credit Union has awarded $79,206 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASHWAUBENON YOUTH BASEBALL ORGANIZATION PURPOSE: BASEBALL FIELD REBUILD | $50,000 |
CHILDREN'S HOSPITAL AND HEALTH SYSTEM INC PURPOSE: PROGRAM SUPPORT | $29,206 |