Printing Office Employees Credit Union
- Assets
- $4.2m
- Revenue
- $140.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Covina, CA
- Founding
- Data as of
- 12/2015
- EIN
- 95-1922868
Organization Overview
Printing Office Employees Credit Union is located in Covina, CA. As of 12/2015, Printing Office Employees Credit Union employed 3 individuals. Printing Office 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
PRINTING OFFICE EMPLOYEES CREDIT UNION EXISTS TO PROVIDE ITS MEMBERS WITH QUALITY LOANS, INTEREST EARNING SAVINGS ACCOUNTS, I.R.A. ACCOUNTS AND SHARE CERTIFICATES. WE ARE A MEMBER OWNED AND MANAGED, NOT-FOR-PROFIT COOPERATIVE. WE ARE COMMITTED TO RETURNING OUR PROFITS TO THE MEMBERSHIP IN THE FORM OF ENHANCED SERVICES, HIGH DIVIDENDS AND LOW LOAN RATES WHILE MAINTAINING THE SAFETY AND SOUNDNESS OF THE CREDIT UNION'S ASSETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVINGS ACCOUNTS - SHARES, CERTIFICATES AND I.R.A. ACCOUNTS ARE OFFERED TO OUR MEMBERS.
LOANS: WE OFFER VARIOUS LOAN OPTIONS INCLUDING; NEW AND USED CAR, NEW AND USED RV, UNSECURED SIGNATURE LOANS AND SHARE LOANS.
INVESTMENTS: OUR EXCESS FUNDS ARE INVESTED TO GENERATE ADDITIONAL INCOME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Farrar Member-Credit Committee | Trustee | 0.25 | $0 |
Frank Bigelow Chairman-Supervisory Committee | Trustee | 0.25 | $0 |
Henry Osborn Vice President-Board Of Directors | Trustee | 0.25 | $0 |
Denise Varnado Director | Trustee | 0.25 | $0 |
Robert Palmquist President-Board Of Directors | Trustee | 0.25 | $0 |
Ariel Santana Member-Credit Committee | Trustee | 0.25 | $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 | $81,716 |
| Investment income | $58,245 |
| 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 | $139,961 |
| 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 | $6,985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,929 |
| Payroll taxes | $8,067 |
| Fees for services: Management | $2,268 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $429 |
| Fees for services: Other | $1,754 |
| Advertising and promotion | $1,018 |
| Office expenses | $14,682 |
| Information technology | $5,557 |
| Royalties | $0 |
| Occupancy | $23,096 |
| Travel | $373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,596 |
| Insurance | $5,828 |
| All other expenses | $0 |
| Total functional expenses | $199,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,165 |
| Savings and temporary cash investments | $2,997,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $753,575 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,871 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,044 |
| Total assets | $4,150,216 |
| Accounts payable and accrued expenses | $14,481 |
| 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 | $0 |
| Total liabilities | $14,481 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $3,378,258 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $4,135,735 |
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