Pacific Service Credit Union

Organization Overview

Pacific Service Credit Union is located in Concord, CA. The organization was established in 1961. 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, Pacific Service Credit Union employed 176 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pacific 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, Pacific Service Credit Union generated $45.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $40.5m during the year ending 12/2021. While expenses have increased by 6.5% 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.

Since 2014, Pacific Service Credit Union has awarded 51 individual grants totaling $643,648. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A BROAD RANGE OF LOAN AND DEPOSIT PRODUCTS AND OTHER FINANCIAL SERVICES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PACIFIC SERVICE CREDIT UNION (PSCU) WAS FOUNDED IN 1936 TO SERVE EMPLOYEES OF PG&E IN THE SAN FRANCISCO BAY AREA. OVER EIGHTY-FOUR YEARS LATER, PSCU NOW SERVES MORE THAN 65,000 MEMBERS WHO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN ALAMEDA, CONTRA COSTA, FRESNO, MARIN, NAPA, PLACER, SACRAMENTO, SAN FRANCISCO, SAN MATEO, SANTA CLARA, SOLANO AND SONOMA COUNTIES. MEMBERS CAN TRANSACT IN ANY OF OUR SIX BRANCHES, AT ANY OF OVER 5,000 SHARED BRANCH LOCATIONS AVAILABLE THROUGH CO-OP SHARED BRANCH NETWORK, USING ATMS, ONLINE VIA OUR INTERNET HOME BANKING OR MOBILE SITES, USING POINT OF SALE WITH THEIR VISA DEBIT OR CREDIT CARD OR BY CALLING OUR TELEPHONE SERVICE CENTER OR TOLL-FREE AUTOMATED TELEPHONE BANKING SYSTEM.


PSCU OFFERS A VARIETY OF DEPOSIT PRODUCTS INCLUDING SAVINGS, CHECKING, MONEY MARKET, CERTIFICATE, IRA, COVERDELL EDUCATION SAVINGS AND YOUTH ACCOUNTS. PSCU CHECKING PRODUCT OPTIONS CAN EARN INTEREST, ARE FREE FROM MONTHLY SERVICE CHARGES, ALLOW THE MEMBER TO OBTAIN RATE DISCOUNTS ON AUTO LOANS OR HELP A YOUNG MEMBER OPEN THEIR FIRST CHECKING ACCOUNT. PSCU'S DEPOSIT RATES ARE COMPETITIVE WITH THE MARKET AND ARE TYPICALLY HIGHER THAN BANKS. TOTAL MEMBER SHARE BALANCE AT DECEMBER 31, 2021 WAS $1,206,233,164.


PSCU OFFERS A VARIETY OF COMPETITIVELY PRICED MORTGAGE LOAN OPTIONS AVAILABLE FOR A PRIMARY RESIDENCE OR SECOND HOME. PSCU HOME EQUITY LOAN OPTIONS RANGE FROM 5 TO 15 YEARS, AND MEMBERS MAY ALSO OBTAIN HOME EQUITY LINES OF CREDIT. PSCU OFFERS VEHICLE LOANS FOR NEW AND USED CARS, NEW AND USED BOATS, AS WELL AS NEW AND USED RVS. VISA CREDIT CARD LOANS INCLUDE A NO ANNUAL FEE OPTION AS WELL AS A CARD EARNING REWARDS POINTS. PSCU OFFERS OTHER CONSUMER LOANS FOR MEMBERS SUCH AS PERSONAL SIGNATURE LOANS, AS WELL AS SHARE AND CERTIFICATE SECURED LOANS. FOR OUR MEMBERS WHO ARE STARTING TO BUILD THEIR CREDIT, PSCU OFFERS A STARTER VISA AND A FIRST-TIME AUTO LOAN PROGRAM. TOTAL MEMBER LOAN BALANCE AT DECEMBER 31, 2021 WAS $850,370,747.


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Board, Officers & Key Employees

Name (title)Compensation
Virginia Lampson
President & CEO
$642,492
David Kato
Evp & CFO
$407,469
Nannette Cutliff
SVP & Cio
$392,941
Chris Oldag
SVP & Clo
$381,425
Kristin Dove
SVP & Cmo
$322,730
Barbara Smith
SVP & Cao
$317,914

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Newground International Inc
New Hq Planning And Design
$6,640,404
Insight Direct Usa Inc
It/operations
$936,637
Fiserv Inc
Operations
$664,818
At&t
It/operations
$528,869
Jack Henry & Associates Inc
It/operations
$549,687
View All Vendors

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$40,035,555
Investment income $3,829,419
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $315,515
Net Gain/Loss on Asset Sales $965,862
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,146,351

Grants Awarded

Over the last fiscal year, Pacific Service Credit Union has awarded $103,500 in support to 8 organizations.

Grant RecipientAmount

FOOD BANK OF CONTRA COSTA COUNTY

Org PageRecipient Profile

Concord, CA

PURPOSE: GENERAL PROGRAM SUPPORT

$30,500

AMERICAN NATIONAL RED CROSS

Org PageRecipient Profile

Washington, DC

PURPOSE: CALIFORNIA WILD FIRES

$15,000

CHILDREN'S MIRACLE NETWORK HOSPITALS

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: GENERAL PROGRAM SUPPORT

$13,000

LOAVES & FISHES OF CONTRA COSTA

Org PageRecipient Profile

Martinez, CA

PURPOSE: GENERAL PROGRAM SUPPORT

$10,000

LEUKEMIA & LYMPHOMA SOCIETY

Org PageRecipient Profile

Rye Brook, NY

PURPOSE: GENERAL PROGRAM SUPPORT

$10,000

Brooklyn, NY

PURPOSE: GENERAL PROGRAM SUPPORT

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
California Credit Union
Glendale, CA
$164,391,792
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Sunnyvale, CA
$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816
Provident Credit Union
Redwood City, CA
$114,626,988
Valley Strong Credit Union
Bakersfield, CA
$131,789,936
Technology Credit Union
San Jose, CA
$173,209,130
One Az Credit Union
Phoenix, AZ
$105,409,190
Credit Unions In The State Of California
San Diego, CA
$114,723,458
Premier America Credit Union
Chatsworth, CA
$107,505,968
Vantage West Credit Union
Tucson, AZ
$106,118,675
Altura Credit Union
Riverside, CA
$106,884,732

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