Public Service Credit Union is located in Wausau, WI. As of 12/2021, Public Service Credit Union employed 5 individuals. Public Service 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 Service Credit Union generated $343.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $346.2k during the year ending 12/2021. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THRIFT AMOUNT OUR MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR EACH OF OUR MEMBERS TO IMPROVE THEIR RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 38 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 1,179 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 267 NEW LOANS TO OUR MEMBERS DURING 2021. AS OF 12/31/21 WE HAD 433 LOANS TO OUR MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sandra Leszczynski Pres Thru 12 | Officer | 40 | $69,035 |
Tina Machlan President | Officer | 40 | $15,742 |
Jason Linzmaier Chairman | OfficerTrustee | 1 | $588 |
Mike Bosi Secretary | OfficerTrustee | 1 | $539 |
Kelly Zagrzebski Vice Chair | OfficerTrustee | 1 | $539 |
Amy Kopetzky Director | Trustee | 1 | $539 |
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 | $280,951 |
Investment income | $62,680 |
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 | $343,631 |
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. | $88,158 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $52,583 |
Pension plan accruals and contributions | $7,022 |
Other employee benefits | $0 |
Payroll taxes | $11,583 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $99,131 |
Information technology | $46,389 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,224 |
Interest | $10 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,286 |
Insurance | $12,632 |
All other expenses | $0 |
Total functional expenses | $346,197 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $58,203 |
Savings and temporary cash investments | $2,119,842 |
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 | $8,320,690 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $18,750 |
Net Land, buildings, and equipment | $13,483 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,987,245 |
Intangible assets | $0 |
Other assets | $107,385 |
Total assets | $12,625,598 |
Accounts payable and accrued expenses | -$307 |
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 | $9,851,799 |
Total liabilities | $9,851,492 |
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 | $0 |
Retained earnings, endowment, accumulated income, or other funds | $2,774,106 |
Total liabilities and net assets/fund balances | $12,625,598 |
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