Pcm Credit Union
- Assets
- $358.0m
- Revenue
- $12.6m
- Investments
- $10.3m
- Employees
- 54
- Location
- Green Bay, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0974444
Organization Overview
Pcm Credit Union is located in Green Bay, WI. As of 12/2021, Pcm Credit Union employed 54 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 12/2021, Pcm Credit Union generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $9.8m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 6 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
PCM CREDIT UNION IS A STRONG FINANCIAL COOPERATIVE THAT GOES ABOVE AND BEYOND BY PROVIDING MEMBER-OWNERS BENEIFTS AND ADVANTAGES OVER OTHER FINANICAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 2,987 LOANS DURING 2021. AS OF 12/31/21, WE HAD 1,966 MORTGAGES/HOME EQUITY LINES, 4,580 CONSUMER LOANS. WE ALSO HAD 3,667 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AT 12/31.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 13,567 MEMBERS AT 12/31/21. DURING 2021, WE OPENED 2,953 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny L Wollin President | Officer | 40 | $347,062 |
Cathy M Becks Exec Vice President | Officer | 40 | $271,342 |
Kim Runge VP Of Member Service | 40 | $103,226 | |
Marlis Klimek Vice Chairperson | OfficerTrustee | 1 | $0 |
Jim Zittlow Chairperson | OfficerTrustee | 1 | $0 |
Jeff Burich Director | Trustee | 1 | $0 |
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 | $11,735,035 |
| Investment income | $810,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| Net Gain/Loss on Asset Sales | $33,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,583,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,918 |
| 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. | $721,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,840,653 |
| Pension plan accruals and contributions | $220,346 |
| Other employee benefits | $416,594 |
| Payroll taxes | $243,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,528 |
| Advertising and promotion | $145,396 |
| Office expenses | $255,683 |
| Information technology | $552,615 |
| Royalties | $0 |
| Occupancy | $229,897 |
| Travel | $19,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,328 |
| Interest | $45,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $347,594 |
| Insurance | $61,392 |
| All other expenses | $7,500 |
| Total functional expenses | $9,832,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,069,421 |
| Savings and temporary cash investments | $31,730,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $260,069,591 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $224,785 |
| Net Land, buildings, and equipment | $6,237,376 |
| Investments—publicly traded securities | $44,154,765 |
| Investments—other securities | $10,274,560 |
| Investments—program-related | $867,629 |
| Intangible assets | $0 |
| Other assets | $3,305,264 |
| Total assets | $358,033,017 |
| Accounts payable and accrued expenses | $2,964,452 |
| 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 | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $309,712,830 |
| Total liabilities | $315,677,282 |
| 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 | $37,355,735 |
| Total liabilities and net assets/fund balances | $358,033,017 |
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