2019-04-30T13:08:03-07:00 2018-12-31 990 2018-01-01 741196893 PUBLIC EMPLOYEES CREDIT UNION PUBL 5124741955 PO BOX 2205 Austin TX 78768 Marc Broddrick CFO 5124741955 2019-04-15 12.5.151.242 2018 2019-02-21 02:37:17Z X Gary Whitcomb 306 E 10th St Austin TX 78701 12164858 0 X www.pecutx.org X 1952 TX Public Employees Credit Union is a cooperative financial institution that is owned and controlled by its members and is operated for the purpose of promoting thrift and providing credit and other financial services to its members. 7 7 97 7 10772 0 0 0 9373121 10563180 1425168 1601637 0 0 10798289 12164817 0 0 0 0 3877371 4045884 0 0 0 4671705 4798818 8549076 8844702 2249213 3320115 336920042 339009237 308967817 308032022 27952225 30977215 Public Employees Credit Union is a cooperative financial institution whose mission is to provide quality financial services and products at the greatest value to our members in a professional and personal manner while maintaining financial strength and stability. 0 0 Public Employees Credit Union provides a wide range of secured and unsecured loans t its members for consumable items, such as autos, motorcycles, RVs, home equity loans, mortgages, credit cards, signature loans and line-of-credit and share or certificate secured loans. Additionally, credit insurance is available on all these loans. GAP (Guaranteed Asset Protection) insurance is a product that is likewise offered on some of our secured loans. Public Employees credit union offers money market accounts to its members. These accounts pay a higher dividend than a typical savings or checking account as long as the monthly balance minimum requirement is maintained. Interest is paid and compounded monthly. Public Employees Credit union offers certificates of deposit to its members with varying terms and rates. These instruments allow our members a savings alternative that pays higher dividends than a typical savings or checking account, but with no market risk or exposure. Interest is paid and compounded monthly. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6909 0 1 97 1 1 1 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X Marc Broddrick 5124741955 306 E 10th St Austin TX 78701 David Burrell Chairman 1 0 X X 0 0 0 Lanny Wadle Vice Chairman 1 0 X X 0 0 0 Tommy Gregg Secretary 1 0 X X 0 0 0 Claire McGuinness Treasurer 0 0 X X 0 0 0 Hal tenBrink Chairman Emeritus 1 0 X 0 0 0 Will Etheredge Director 1 0 X 0 0 0 L C Wadle Director 1 0 X 0 0 0 Gary Whitcomb President/CEO 40 0 X 228334 0 47607 Marc Broddrick SVP/CFO 40 0 X 130189 0 22378 Merrily Porter General Counsel 40 0 X 116596 0 20855 Juan Facundo Vice President - Lending 40 0 X 106426 0 18291 581545 0 109131 4 0 1 0 Certified Funding 17304 Preston Rd 620 Dallas TX 75252 Indirect Mortgage Originator 505736 Jack Henry & Associates PO Box 609 Monet MO 65708 Core System, ATM/Debit Processing 474298 United Healthcare PO Box 959782 St Louis MO 63195 Insurance provider 410896 Covert Chevrolet Buick GMC PO Box J Bastrop TX 78602 Indirect Auto Dealer 262216 Don Hewlett Chevrolet Buick PO Box 799 Georgetown TX 78627 Indirect auto dealer 213381 9 0 Loan Interest 522130 8587544 8587544 0 0 Fee Income 522130 1666319 1655547 10772 0 Other Operating Income 522130 309317 309317 0 0 0 0 0 0 10563180 1601678 1601678 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 -41 -41 -41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12164817 12154045 10772 0 690676 2500600 225612 393824 235172 5411 53800 137662 234338 1149832 201398 546834 11820 8817 897012 406006 135525 Allowance for Loan Loss 557660 Loan Servicing 305769 Other Losses 55882 Association Dues 43420 47632 8844702 0 0 0 953107 1036822 37704090 41913456 18199 17692 215717713 233285371 452693 406319 11186474 4945983 6342744 6240491 71854352 52166380 3877144 3942706 336920042 339009237 856195 938024 308111622 307093998 308967817 308032022 X 0 0 0 0 27952225 30977215 27952225 30977215 336920042 339009237 3320115 -295125 0 0 0 0 X 0 1 1 0 0 1614897 1614897 0 6325422 2224895 4100527 0 0 0 0 0 3246155 2721088 525067 0 0 0 0 6240491 Available for Sale Securities 51343912 F Hold to Maturity Securities 14516 C CLF Capital Stock 807952 C 52166380 Member Deposits 307093998 307093998 0 0 0 Gary Whitcomb President/CEO 228334 0 0 0 0 0 24376 0 23231 0 275941 0 0 0 Marc Broddrick SVP/CFO 130189 0 0 0 0 0 13205 0 9173 0 152567 0 0 0 Form 990, Part VI, Section A, Line 2 Board members Lanny Wadle and Lawrence (L C) Wadle have a family relationship. Form 990, Part VI, Section A, Line 6 Public Employees Credit Union has membership through numerous employee groups. Additional eligibility requirements include anyone who lives, works, worships or attends school within Travis County, Texas or within a 10 mile radius of any branch office. Form 990, Part VI, Section A, Line 7a Public Employees Credit Union members ratify and approve the Board members to represent them at its annual meeting of the membership. Form 990, Part VI, Section A, Line 7b The Public Employees Credit Union Board of Directors, by definition, is delegated some decision making authority. However, some decisions might require member consent as dictated by rule and/or regulation. Form 990, Part VI, Section B, Line 11b Each member of the Board of Directors is given a copy of Form 990 for their review before the regularly scheduled Board meeting. At that time, questions and/or comments are submitted to the CFO. Form 990 is reviewed and ratified at the regularly scheduled Board meeting. Accuracy is assumed correct upon electronic submission of Form 990 by the CFO. Form 990, Part VI, Section B, Line 15 The Board of Directors reviews the CEO's salary on an annual basis through the use of compensation surveys. Salary changes are reviewed and approved by the Board of Directors at their regularly scheduled meeting. The President/CEO reviews the salaries of the other officers or key employees of the organization through the use of compensation surveys. Salary changes are at the sole discretion of the President/CEO. This process was last completed in 2018 for all eligible employees. Form 990, Part VI, Section C, Line 19 Public Employees Credit Union posts its most recent financial statements in the lobby of each retail branch location as required by regulation. Additionally, they are made available to any current member upon request and will be made available for review at the office located at 306 E 10th St, Austin, TX 78701.