2022-06-15T10:25:28-05:00 2021-12-31 390758449 WIPFLI LLP 101 EAST FRONT STREET 301 MISSOULA MT 59802 990 2021-01-01 237155544 PARK SIDE FINANCIAL CREDIT UNION PARK 4068622652 1300 BAKER AVE WHITEFISH MT 59937 JEREMY PRESTA CHIEF EXECUTIVE OFFICER 4068622652 2022-04-15 1 JEREMY PRESTA XXX-XX-XXXX SAM BRUNSON CPA P01696998 4067281800 2022-04-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JEREMY PRESTA 1300 BAKER AVE WHITEFISH MT 59937 21552060 0 X PARKSIDEFCU.COM X 1965 MT PARK SIDE IS A NOT FOR PROFIT FINANCIAL COOPERATIVE THAT PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. 9 9 105 12 22443 0 0 0 14434433 15788480 246359 287254 42240 43665 14723032 16119399 54996 61563 0 0 5837284 6377274 0 0 0 7710072 7394282 13602352 13833119 1120680 2286280 316011994 381456683 288554654 351994710 27457340 29461973 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, 2021 PARK SIDE FINANCIAL CREDIT UNION HAS 48,178 TRANSACTIONAL DEPOSIT ACCOUNTS WITH A VALUE OF $280,220,692.AT DECEMBER 31, 2021 PARK SIDE FINANCIAL CREDIT UNION HAS 1,892 TIME DEPOSIT ACCOUNTS WITH A VALUE OF $70,275,512.AT DECEMBER 31, 2021 PARK SIDE FINANCIAL CREDIT UNION HAS 1,125 REAL ESTATE LOANS WITH A VALUE OF $155,725,554. 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 6306 0 1 105 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 CARL THOMAS CHAIR 1.00 X X 0 0 0 RICK FLINK VICE CHAIR 1.00 X X 0 0 0 TERRY THORPE SECRETARY/TREASURER 1.00 X X 0 0 0 DICK GREEN DIRECTOR 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 JEREMY PRESTA CHIEF EXECUTIVE OFFICER 40.00 X 268840 0 37197 TROY BRACKEY CHIEF FINANCE OFFICER 40.00 X 179601 0 26724 MAUREEN BRYAN SENIOR VP OF HUMAN RESOURCES 40.00 X 144245 0 18509 JOSH KROLL VICE PRESIDENT OF MARKETING 40.00 X 115415 0 30918 CAROL BENIGER VICE PRESIDENT OF LENDING 40.00 X 115181 0 29301 TERESA SHORT VICE PRESIDENT OF IT 40.00 X 117971 0 17765 ALISA MCCONKEY VICE PRESIDENT OF OPERATIONS 40.00 X 104363 0 31314 LAURA SCOVILLE VICE PRESIDENT OF BACK OFFICE OPS. 40.00 X 112470 0 22127 1158086 0 213855 8 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 DATA PROCESSING 677952 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICING 667082 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING SERVICES 304928 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 IT SECURITY SERVICES 282989 VISA 1655 GRANT STREET CONCORD CA 94520 CARD SERVICING 282228 9 INTEREST ON LOANS 522100 11412870 11412870 FEES AND CHARGES 522100 4375610 4353167 22443 15788480 270674 270674 43665 0 43665 43665 43665 4262415 1186826 4256335 1176326 6080 10500 16580 16580 16119399 15766037 22443 330919 61563 675116 4504247 264179 592510 341222 1862 68382 1093455 501156 813538 3300 422234 11668 210777 723306 103296 DIVIDENDS ON MEMBER SHA 1095531 CREDIT CARD & TRANSACTI 966012 ATM EXPENSE 670704 LOAN SERVICING EXPENSE 497584 211477 13833119 5555161 5980950 20418528 29892622 650449 716598 2727548 2775280 248844195 278462269 654100 790111 15895536 5030722 12558927 10864814 11550697 29502364 6640874 15522079 54375 24964 6357140 6924632 316011994 381456683 1173874 1498506 7000000 0 280380780 350496204 288554654 351994710 X 4396347 4396347 0 0 23060993 25065626 27457340 29461973 316011994 381456683 2286280 -281647 0 X X 0 1 X 1 0 2753080 2753080 8680801 2019059 6661742 802748 252148 550600 3490135 2615082 875053 168772 144433 24339 10864814 MEMBER'S SHARES AND CERTIFICATES OF DEPOSIT 350496204 350496204 X 16119399 0 16119399 0 16119399 13833119 0 13833119 0 13833119 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 X X 0 1 0 JEREMY PRESTA CHIEF EXECUTIVE OFFICER 252833 0 11688 0 4319 0 16015 0 21182 0 306037 0 0 0 TROY BRACKEY CHIEF FINANCE OFFICER 169964 0 9637 0 0 0 13616 0 13108 0 206325 0 0 0 MAUREEN BRYAN SENIOR VP OF HUMAN RESOURCES 135208 0 7966 0 1071 0 0 0 18509 0 162754 0 0 0 PART I, LINE 4B JEREMY PRESTA PARTICPATES IN A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH THE ORGANIZATION. JEREMY DID NOT RECEIVE ANY DISTRIBUTIONS FROM THIS PLAN DURING 2021. JEREMY PRESTA EMPLOYEE SPLIT-DOLLAR LIFE INSURANCE X 2495000 2775280 0 1 1 2775280 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. 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 QUARTERLY BASIS). FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.