2024-09-10T09:04:21-05:00 2023-12-31 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2023-01-01 237155544 PARK SIDE FINANCIAL CREDIT UNION PARK 4068622652 1300 BAKER AVE WHITEFISH MT 59937 JEREMY PRESTA CEO 4068622652 2024-08-15 1 1 SAM BRUNSON CPA P01696998 4067281800 2024-08-15 2023 2024-08-08 14:25:15Z JEREMY PRESTA 1300 BAKER AVE WHITEFISH MT 59937 21938565 0 X PARKSIDEFCU.COM X 1965 MT PARK SIDE IS A NOT FOR PROFIT FINANCIAL COOPERATIVE THAT PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. 9 9 120 15 133530 0 0 0 16948930 18815832 662590 893089 44940 44645 17656460 19753566 57413 55569 0 0 7037255 7119875 0 0 0 8650635 12122847 15745303 19298291 1911157 455275 423363479 397774451 394632071 368508499 28731408 29265952 X WE WILL BE THE BEST PLACE FOR THE PEOPLE OF WESTERN MONTANA TO GET A LOAN. 0 0 PARK SIDE FINANCIAL CREDIT UNION IS A MEMBER-OWNED CO-OPERATIVE OFFERING A DIVERSE VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. ITS PRIMARY FINANCIAL SERVICES ARE PROVIDING REAL ESTATE LOANS, CONSUMER LOANS, CHECKING ACCOUNTS, SAVINGS ACCOUNTS, AND TIME DEPOSITS TO ITS MEMBERS.AT DECEMBER 31, 2023 PARK SIDE FINANCIAL CREDIT UNION HAS 51,515 TRANSACTIONAL DEPOSIT ACCOUNTS WITH A VALUE OF $235,157,126.AT DECEMBER 31, 2023 PARK SIDE FINANCIAL CREDIT UNION HAS 2,494 TIME DEPOSIT ACCOUNTS WITH A VALUE OF $106,678,399.AT DECEMBER 31, 2023 PARK SIDE FINANCIAL CREDIT UNION HAS 1,251 REAL ESTATE LOANS WITH A VALUE OF $182,938,668. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7232 0 1 120 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TROY BRACKEY 4068622652 1300 BAKER AVE WHITEFISH MT 59937 JEREMY PRESTA CEO 40.00 X 308783 0 39943 TROY BRACKEY CFO 40.00 X 296638 0 28702 MAUREEN BRYAN SENIOR VP OF HR 40.00 X 236872 0 22339 CAROL BENIGER VP OF LENDING 40.00 X 141005 0 34062 JOSH KROLL VP OF MARKETING 40.00 X 132404 0 32145 LAURA SCOVILLE VP OF BACK OFFICE OPS. 40.00 X 132066 0 31443 ALISA MCCONKEY VP OF OPERATIONS 40.00 X 128485 0 33442 TERESA SHORT VP OF IT 40.00 X 133728 0 19050 CARL THOMAS CHAIR 1.00 X X 0 0 0 RICK FLINK VICE CHAIR 1.00 X X 0 0 0 SCOTT ROBERTS VICE CHAIR 1.00 X X 0 0 0 TERRY THORPE SECRETARY/TREASURER 1.00 X X 0 0 0 DICK GREEN DIRECTOR (THRU 3/23) 1.00 X 0 0 0 RON JAROSCH DIRECTOR 1.00 X 0 0 0 DIANA LAMERS DIRECTOR 1.00 X 0 0 0 RICH PEDERSON DIRECTOR 1.00 X 0 0 0 DARIA PEREZ DIRECTOR 1.00 X 0 0 0 DAVE SUTHERLAND DIRECTOR 1.00 X 0 0 0 1509981 0 241126 8 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICING 943043 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 DATA PROCESSING 688888 VISA 1655 GRANT STREET CONCORD CA 94520 CARD SERVICING 428942 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING SERVICES 387541 JACKOLA ENGINEERING & ARCHITECTURE PC 2250 HIGHWAY 93 SOUTH KALISPELL MT 59901 ENGINEERING & ARCHITECTURE 251650 9 INTEREST ON LOANS 522100 14662435 14662435 FEES AND CHARGES 522100 4153397 4019867 133530 18815832 880447 880447 44645 0 44645 44645 44645 2123537 74104 2112487 72512 11050 1592 12642 12642 19753566 18682302 133530 937734 55569 933277 4835256 295313 643805 412224 4872 137332 1262650 600127 854666 442034 105871 887232 574136 105120 DIVIDENDS ON MEMBER SHA 4139180 CREDIT CARD & TRANSACTI 1379917 ATM EXPENSE 791578 PROVISION FOR LOAN LOSS 344341 493791 19298291 7888760 7695087 7933962 5874068 906827 960131 2823847 2873265 328325962 314276567 692010 777072 17893239 6057208 11998144 11836031 36014303 32760303 18159091 12855032 7810 0 8612763 7866895 423363479 397774451 1535713 1381065 25000000 22000000 3041250 3000000 365055108 342127434 394632071 368508499 X 4396347 4396347 0 0 24335061 24869605 28731408 29265952 423363479 397774451 X 455275 614474 -535205 X X 0 1 X 1 0 4114819 4114819 8723258 2439572 6283686 802748 347735 455013 3792370 3101129 691241 460044 168772 291272 11836031 MEMBER'S SHARES AND CERTIFICATES OF DEPOSIT 341835523 OPERATING LEASE LIABILITY 291911 342127434 X 19753566 0 19753566 0 19753566 19298291 0 19298291 0 19298291 PART X, LINE 2: THE CREDIT UNION IS GENERALLY EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE CORPORATE BUSINESS TAX. HOWEVER, THE CREDIT UNION IS SUBJECT TO FEDERAL TAX ON NET UNRELATED BUSINESS INCOME. X 1 1 X X X 0 1 0 JEREMY PRESTA CEO 276853 0 25793 0 6137 0 18303 0 21640 0 348726 0 0 0 TROY BRACKEY CFO 276819 0 19819 0 0 0 15545 0 13157 0 325340 0 0 0 MAUREEN BRYAN SENIOR VP OF HR 218861 0 16009 0 2002 0 1716 0 20623 0 259211 0 0 0 CAROL BENIGER VP OF LENDING 122639 0 18366 0 0 0 10466 0 23596 0 175067 0 0 0 JOSH KROLL VP OF MARKETING 114271 0 17873 0 260 0 9707 0 22438 0 164549 0 0 0 LAURA SCOVILLE VP OF BACK OFFICE OPS. 110365 0 17461 0 4240 0 9952 0 21491 0 163509 0 0 0 ALISA MCCONKEY VP OF OPERATIONS 111265 0 16957 0 263 0 9524 0 23918 0 161927 0 0 0 TERESA SHORT VP OF IT 115751 0 17977 0 0 0 9673 0 9377 0 152778 0 0 0 PART I, LINE 1A GROSS UP ON GIFT CARDS; CAROL BENIGER; INCLUDED IN TAXABLE COMPENSATION GROSS UP ON GIFT CARDS; LAURA SCOVILLE; INCLUDED IN TAXABLE COMPENSATION PART I, LINE 4B JEREMY PRESTA PARTICIPATES IN A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH THE ORGANIZATION. JEREMY DID NOT RECEIVE ANY DISTRIBUTIONS FROM THIS PLAN DURING 2023. JEREMY PRESTA EMPLOYEE SPLIT-DOLLAR LIFE INSURANCE X 2495000 2873265 0 1 1 2873265 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST MAINTAIN A SHARE/SAVINGS ACCOUNT WITH A MINIMUM $5.00 BALANCE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE ENTITLED TO VOTE IN THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS AND ON OTHER MATTERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE 990 PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION IS REQUIRED TO DISCLOSE AND MONITOR CONFLICTS OF INTEREST. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES, BOARD AND/OR COMMITTEE MEMBERS, AND FAMILY MEMBERS THEREOF. CONFLICTS OF INTEREST ARE REPORTED TO THE ENTIRE BOARD, AND THE BOARD WILL REVIEW ALL CONFLICTS. THE ORGANIZATION DOES NOT ALLOW FOR TRANSACTIONS THAT CREATE CONFLICTS OF INTEREST. ALL TRANSACTIONS WITH OUTSIDE FIRMS, FRIENDS OR FAMILY MEMBERS THAT ARE DISCLOSED AND DEEMED NOT TO PRESENT A CONFLICT OF INTEREST MUST BE CONDUCTED AT ARM'S LENGTH AND IN THE BEST INTEREST OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ESTABLISHES AND APPROVES CEO COMPENSATION. OTHER OFFICERS AND C-LEVEL OFFICERS HAVE COMPENSATION DETERMINED BY EXTERNAL CUNA SALARY SURVEYS. THIS TAKES PLACE ANNUALLY. THE LAST TIME IT TOOK PLACE WAS AT THE NOVEMBER 2023 BOARD MEETING FOR ALL EXECUTIVE STAFF. ALL ADJUSTMENTS ARE MADE EFFECTIVE JANUARY 1. NO ADJUSTMENTS WERE MADE TO THE CEO AND C-LEVEL OFFICERS OUTSIDE OF THE VPS. THE ORGANIZATION RETAINS RECORDS OF THE CALCULATION OF AMOUNTS AND BOARD MEETING MINUTES WITH THE APPROVAL OF THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC FOR VIEWING WITHIN OUR BRANCH LOBBIES (THE FINANCIALS ARE POSTED TO THE BRANCH LOBBIES ON A MONTHLY BASIS). FORM 990, PART XI, LINE 9: ASU NO. 2016-13 ADOPTION -535,205. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.