Police Credit Union
- Assets
- $0.0
- Revenue
- $10.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Green Bay, WI
- Founding
- Data as of
- 04/2017
- EIN
- 39-6050066
Organization Overview
Police Credit Union is located in Green Bay, WI. As of 12/2016, Police Credit Union employed 4 individuals. Police 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 04/2017, Police Credit Union generated $10.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (49.3%) each year. All expenses for the organization totaled $60.3k during the year ending 04/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MONEY INSTITUTION TO BENEFIT EMPLOYEES OF THE GREEN BAY POLICE DEPARTMENT AND THEIR FAMILY MEMBERS. TO OFFER FAIR AND REASONABLE RATES FOR SAVINGS AND LOANS ACCOUNTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 48 LOANS DURING 2016. AS OF 12/31/16, WE HAD 48 CONSUMER LOANS.
WE FUNDED 7 LOANS DURING 2017. AS OF 3/31/17, WE HAD 109 CONSUMER LOANS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 326 MEMBERS AT 12/31/16. DURING 2016, WE OPENED 12 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 319 MEMBERS AT 3/31/17. DURING 2017, WE OPENED 3 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Byrnes Presidentdirector | OfficerTrustee | 0 | $4,352 |
Erin Nething Vice-Chair | OfficerTrustee | 0 | $0 |
David Graf Chairman | OfficerTrustee | 0 | $0 |
Gary Fifarek Treasurer | OfficerTrustee | 0 | $0 |
Kamra Allen Secretary | OfficerTrustee | 0 | $0 |
David Byrnes Presidentdirector | OfficerTrustee | 0 | $2,856 |
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 | $9,336 |
| Investment income | $342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,497 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334 |
| Advertising and promotion | $263 |
| Office expenses | $8,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $148 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $84 |
| Total functional expenses | $60,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,426 |
| Savings and temporary cash investments | $22,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $976,787 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $781 |
| Net Land, buildings, and equipment | $127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $2,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,048,510 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |