Public Safety Credit Union
- Assets
- $178.0m
- Revenue
- $10.0m
- Investments
- $25.5m
- Employees
- 64
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2023
- EIN
- 44-0526700
Organization Overview
Public Safety Credit Union is located in Kansas City, MO. As of 12/2023, Public Safety Credit Union employed 64 individuals. Public Safety 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, Public Safety Credit Union generated $10.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
FINANCIAL EMPOWERMENT FOR THE FIRST RESPONDER COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 12,914 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $123,742,549.
PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $651,806 FOR THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bartch Chairman | Trustee | 0.5 | $0 |
Kelly Eckert Vice Chairman | Trustee | 0.5 | $0 |
Ryan Mills Treasurer | Trustee | 0.5 | $0 |
Jennifer Weimhold Secretary | Trustee | 0.5 | $0 |
Dan Haley Director | Trustee | 0.5 | $0 |
Derek Mccollum Director | Trustee | 0.5 | $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 | $8,628,128 |
| Investment income | $1,367,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,253 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,993,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,488 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $700,692 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,026,340 |
| Pension plan accruals and contributions | $83,542 |
| Other employee benefits | $361,072 |
| Payroll taxes | $197,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,303 |
| Fees for services: Accounting | $63,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,907 |
| Advertising and promotion | $69,133 |
| Office expenses | $1,481,362 |
| Information technology | $375,256 |
| Royalties | $0 |
| Occupancy | $342,885 |
| Travel | $1,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461,708 |
| Insurance | $64,340 |
| All other expenses | $53,003 |
| Total functional expenses | $8,112,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,557,621 |
| Savings and temporary cash investments | $16,336,517 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $123,023,628 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $290,312 |
| Net Land, buildings, and equipment | $4,893,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,498,323 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,118,766 |
| Total assets | $177,959,573 |
| Accounts payable and accrued expenses | $447,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $179,059 |
| 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 | $159,449,885 |
| Total liabilities | $160,076,795 |
| 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 | $17,882,778 |
| Total liabilities and net assets/fund balances | $177,959,573 |