Public Employees Credit Union

Organization Overview

Public Employees Credit Union is located in Austin, TX. The organization was established in 1976. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Public Employees Credit Union employed 85 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Public Employees 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, Public Employees Credit Union generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 0.0% 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

PUBLIC EMPLOYEES CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND PROVIDING CREDIT AND OTHER FINANCIAL SERVICES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC EMPLOYEES CREDIT UNION PROVIDES A WIDE RANGE OF SECURED AND UNSECURED LOANS TO ITS MEMBERS FOR CONSUMABLE ITEMS, SUCH AS AUTOS, MOTORCYCLES, RVS, HOME EQUITY LOANS, MORTGAGES, CREDIT CARDS, SIGNATURE LOANS AND LINE-OF-CREDIT AND SHARE OR CERTIFICATE SECURED LOANS. ADDITIONALLY, CREDIT INSURANCE IS AVAILABLE ON ALL THESE LOANS. GAP (GUARANTEED ASSET PROTECTION) INSURANCE IS A PRODUCT THAT IS LIKEWISE OFFERED ON SOME OF OUR SECURED LOANS.


PUBLIC EMPLOYEES CREDIT UNION OFFERS MONEY MARKET ACCOUNTS TO ITS MEMBERS. THESE ACCOUNTS PAY A HIGHER DIVIDEND THAN A TYPICAL SAVINGS OR CHECKING ACCOUNT AS LONG AS THE MONTHLY BALANCE MINIMUM REQUIREMENT IS MAINTAINED. INTEREST IS PAID AND COMPOUNDED MONTHLY.


PUBLIC EMPLOYEES CREDIT UNION OFFERS REGULAR SHARE ACCOUNTS TO ITS MEMBERS. REGULAR SHARE ACCOUNTS ARE REQUIRED FOR MEMBERSHIP. THESE ACCOUNTS RECEIVE A QUARTERLY DIVIDEND AS DECLARED BY THE BOARD OF DIRECTORS. THE DIVIDENDS ARE PAID AS LONG AS MINIMUM BALANCE REQUIREMENTS ARE MET.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nyle Maxwell Chrysler Dodge Jeep Ram
Indirect Auto Dealer
$130,949
Lanvera Ltd
Statement Processor
$131,178
Jack Henry & Associates
Core System, Card Processing
$465,315
Certified Funding
Indirect Mortgage Originator
$751,709
Covert Chevrolet Buick Gmc
Indirect Auto Dealer
$209,801
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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$9,756,741
Investment income $859,127
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$4
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,615,864

Peer Organizations

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