2018-07-31T14:09:53-07:00 2017-12-31 990 2017-01-01 741196893 PUBLIC EMPLOYEES CREDIT UNION PUBL 5124741955 306 E Tenth Street Austin TX 78701 Marc Broddrick CFO 5124741955 2018-07-31 2017 2022-09-23 18:48:47Z Gary Whitcomb 306 E 10th St Austin TX 78701 16607700 0 2742 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 7 106 7 12346 -74353 0 0 8102029 9373121 1950870 1425168 0 0 10052899 10798289 0 0 0 0 3739897 3877371 0 0 0 4486876 4671705 8226773 8549076 1826126 2249213 326728971 336920042 301014228 308967817 25714743 27952225 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 to its members for consumable items, such as autos, motorcycles, RVs, home equity loans, mortgages, credit cards, signature loans and line-of-credits 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 7103 0 1 106 1 1 1 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 Tenth Street Austin TX 78701 David Burrell Chairman 1 X X 0 0 0 Lanny Waddell Vice Chairman 1 0 X X 0 0 0 Tommy Gregg Secretary 1 0 X X 0 0 0 Will Etheredge Director 1 0 X 0 0 0 Claire McGuinness Treasurer 1 0 X X 0 0 0 Hal tenBrink Director 1 0 X 0 0 0 L C Wadle Director 1 0 X 0 0 0 Gary Whitcomb President/CEO 40 0 X 214396 0 45543 Marc Broddrick SVP/CFO 40 0 X 123714 0 20578 Merrily Porter General Counsel 40 0 X 112199 0 18375 Juan Facundo Vice President - Lending 40 0 X 102504 0 17451 552813 0 101947 4 0 1 0 Certified Funding 17304 Preston Road no 620 Dallas TX 75252 Indirect Mortgage Originator 471675 Jack Henry & Associates PO Box 609 Monett MO 65708 Core system, ATM/Debit Card services 438823 United Healthcare PO Box 959782 St Louis MO 63195 Health insurance provider 416188 Covert Chevrolet Buick GMC PO BOX J Bastrop TX 78602 Indirect Auto Dealer 363502 Don Hewlett Chevrolet Buick PO BOX 799 Georgetown TX 78627 Indirect Auto Dealer 201864 8 0 Loan Interest 522130 7666716 7666716 0 0 Fee Income 522130 1602638 1591092 11546 0 Other Operating Income 522130 103767 102967 800 0 0 0 0 0 9373121 1396907 1396907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5718140 119532 5681510 127901 36630 -8369 28261 28261 0 0 0 10798289 10785943 12346 0 654759 2399403 200828 395748 226633 53550 148732 226647 1081637 216965 535033 7873 13715 681713 426828 137806 Allowance for Loan Loss 681233 Loan Servicing 337047 Association Dues 43090 Other Losses 34386 45450 8549076 0 0 0 1031354 953107 23987072 37704090 2577 18199 194894362 215717713 478494 452693 10947003 4604259 6604443 6342744 95800548 71854352 3930121 3877144 326728971 336920042 934036 856195 300080192 308111622 301014228 308967817 X 0 0 0 0 25714743 27952225 25714743 27952225 326728971 336920042 2249213 -11731 0 0 0 0 X 0 1 X 1 0 0 1614898 1614898 0 6073678 2036061 4037617 0 0 0 0 0 3258427 2568198 690229 0 0 0 0 6342744 Available for Sale Securities 71062579 F Hold to Maturity Securities 19720 C CLF Capital Stock 772053 C 71854352 Member Deposits 308111622 308111622 X X 0 0 0 Gary Whitcomb President/CEO 214396 0 0 0 0 0 22972 0 22571 0 259939 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 Board, 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 2017 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 Street, Austin, TX 78701.