2025-10-24T16:54:01-07:00 2024-12-31 990 2024-01-01 741196893 PUBLIC EMPLOYEES CREDIT UNION PUBL 5124741955 PO BOX 2205 Austin TX 78768 Marc Broddrick CFO 5124741955 2025-10-24 1 2024 2025-03-06 01:10:19Z Marc Broddrick 306 E 10th St Austin TX 78701 17904022 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 92 7 5752 0 0 0 12380434 12654634 3845250 5249333 0 0 16225684 17903967 0 0 0 0 4964553 5005812 0 0 0 5830253 7288786 10794806 12294598 5430878 5609369 426329185 429849537 382961805 377800469 43367380 52049068 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-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 Regular Share accounts to its members. Regular Share accounts are required for membership. These accounts receive a quarterly dividend as declared by the Board of Directors. The dividends are paid as long as minimum balance requirements are met. 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 6697 0 1 92 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X X Marc Broddrick 5124741955 306 E 10th St Austin TX 78701 Gary Whitcomb President/CEO 40 0 X 321510 0 60388 Marc Broddrick SVP/CFO 40 0 X 185703 0 30080 Merrily Porter General Counsel 40 0 X 147928 0 26482 Andrew Curtin VP - Information Technology 40 0 X 148994 0 25024 Scott Murphy Vice President - Marketing 40 0 X 122136 0 21914 James Patterson Vice President - Operations 40 0 X 108961 0 22132 Sheri Sconce VP - Financial Services 40 0 X 103650 0 19637 Claire McGuinness Chair 1 0 X X 0 0 0 Patrick Marotta Vice Chair 1 0 X X 0 0 0 Tommy Gregg Secretary 1 0 X X 0 0 0 Jennifer Soldano Treasurer 1 0 X X 0 0 0 Lanny Wadle Director 1 0 X 0 0 0 Jeffery Smoot Director 1 0 X 0 0 0 Catherine DeStasio Director 1 0 X 0 0 0 1138882 0 205657 7 0 1 0 Jack Henry & Associates PO Box 609 Monet MO 65708 Core System, Card Processing 614269 Certified Funding 17304 Preston Rd 620 Dallas TX 75252 Indirect Mortgage Originator 535837 FreeIT Data Solutions PO Box 1572 Austin TX 78767 IT Services & Solutions 244209 Covert Bastrop PO BOX J Bastrop TX 78602 Indirect Auto Dealer 169993 Lanvera 112 Wrangler Drive Ste 150 Coppell TX 75019 Statement & Tax Form Processor 154740 7 0 Interest on Loans 522130 11119992 11119992 0 0 Fee Income 522130 1454271 1448519 5752 0 Miscellaneous Income 522130 80371 80371 0 0 0 0 0 0 12654634 5249388 5249388 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 55 0 -55 -55 -55 0 0 0 17903967 17898215 5752 0 1344540 2740694 229655 405180 285743 10000 59300 149501 230133 1238388 277353 638864 4019 14481 3270984 336759 152534 Allowance for Loan Loss 573652 Loan Servicing 223917 Association Dues 50025 CU Department Operating Fees 40831 18045 12294598 0 0 0 1264993 1422185 42848470 79683717 245769 360677 245531798 222420609 483768 549234 11948113 6375341 5478476 5572772 125279757 114955530 5196154 4884813 426329185 429849537 651076 996692 382310729 376803777 382961805 377800469 X 0 0 0 0 43367380 52049068 43367380 52049068 426329185 429849537 5609369 3072319 0 0 0 0 X 0 1 X 0 0 0 1614897 1614897 0 6330715 3298338 3032377 0 0 0 0 0 4002501 3077003 925498 0 0 0 0 5572772 Available for Sale Securities 113809726 F CLF Capital Stock Subscription 1145804 C 114955530 Member Deposits 376803777 376803777 X X 0 0 0 Gary Whitcomb President/CEO 321510 0 0 0 0 0 33794 0 29638 0 384942 0 0 0 Marc Broddrick SVP/CFO 185703 0 0 0 0 0 18782 0 12624 0 217109 0 0 0 Merrily Porter General Counsel 147928 0 0 0 0 0 14974 0 11976 0 174878 0 0 0 Andrew Curtin VP - Information Technology 148994 0 0 0 0 0 15008 0 10511 0 174513 0 0 0 Form 990, Part VI, Section A, Line 6 Public Employees Credit Union has membership through numerous employee groups. Additional membership eligibility requirements include anyone who lives, works, worships, or attends school within Travis or Williamson 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 decision making authority. However, some decisions might require member consent as dictated by bylaws, rules 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 deemed correct upon electronic submission of Form 990 by the CFO or CEO. 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 Board meeting. The President/CEO reviews the salaries of the other officers or key employees of the organization through compensation surveys. Salary changes are at the sole discretion of the President/CEO. This process was last completed in 2024 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 in accordance with credit union regulation. Additionally, they are made available to any current member upon request and will be available for review at the office located at 306 E 10th St, Austin, TX 78701.