2013-10-25T14:02:42-05:00 2012-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1700 PHILADELPHIA PA 19103 990 2012-01-01 230961140 PENNSYLVANIA STATE EMPLOYEES CREDIT UNION % CAROL NOBLIT PENN 8002377328 1 CREDIT UNION PLACE Suite HARRISBURG PA 17110 Scott W Rhoads 7177772049 2013-10-25 true 2673303000 2012 2016-03-07 17:11:31Z GREGORY A SMITH 1500 ELMERTON AVENUE HARRISBURG PA 17110 276802755 false X WWW.PSECU.COM X 1933 PA ATTACHMENT 1 9 9 753 1155865 -736526 0 0 176377957 175624470 9947669 9074409 7551593 8004383 193877219 192703262 161309 164500 0 0 41949511 46634459 0 0 0 110781270 114882080 152892090 161681039 40985129 31022223 3827077115 4004851873 3476847561 3624509496 350229554 380342377 THE PENNSYLVANIA STATE EMPLOYEES CREDIT UNION ("PSECU") IS ORGANIZED AND OPERATED TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM, AT LEGITIMATE RATES OF INTEREST, FOR PROVIDENT PURPOSES. IN ACCOMPLISHING ITS PURPOSES, PSECU CONTINUALLY STRIVES TO MAINTAIN A PROGRESSIVE AND FINANCIALLY STABLE CREDIT UNION THAT GIVES PSECU MEMBERS CONTROL OVER THEIR FINANCES. PSECU ALSO PROVIDES MEMBERS WITH A VARIETY OF HIGH QUALITY TRADITIONAL AND INNOVATIVE FINANCIAL PRODUCTS AND SERVICES, WHICH ARE CONVENIENT, WITH SUPERIOR PRICING AND AVAILABLE THROUGH SELF-SERVICE DELIVERY CHANNELS. false false As of December 31, 2012, the Pennsylvania State Employees Credit Union has 398,751 members to whom it provides deposit and loan services. There were 284,405 loans with balances of $2,750,623,247 outstanding at December 31, 2012. Share deposits were $3,590,400,606. PSECU strives to provide its members with high quality, convenient financial products and services with superior pricing. false false false false false false false true false true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 151 0 true 753 true true true false false false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X X CAROL NOBLIT 7177772049 1 CREDIT UNION PLACE HARRISBURG PA 17110 R BRIAN WILBUR 9.0 X 14195 0 0 GEORGE J WEST 9.0 X 17527 0 0 FRANK J BREINER 9.0 X 14258 0 0 KATHLEEN A SALMON 8.0 X 11050 0 0 JOSEPH A LAWRUK 8.0 X 11000 0 0 JOSEPH SASSANO 9.0 X 15987 0 0 JODI LYNNE BLANCH 9.0 X 14258 0 0 TIMOTHY D GRUNSTRA 8.0 X 7525 0 0 MICHAEL C FERSTER 8.0 X 11500 0 0 GREGORY A SMITH 37.5 X 755929 0 52223 SCOTT W RHOADS 37.5 X 223898 0 58487 RICHARD L LONG 37.5 X 252899 0 46948 WILLIAM C ZYSK 37.5 X 246418 0 50599 DAVID WARWAVESYN 37.5 X 239689 0 66045 THOMAS J RUBACK 37.5 X 231262 0 51557 BARBARA J BOWKER 37.5 X 229300 0 44876 KIMBERLEY M FRANK 37.5 X 190940 0 45324 FREDERICK F COFFROTH 37.5 X 196182 0 47121 CATHERINE M TAMA-TROUTMAN 37.5 X 188848 0 44565 SCOTT J DAVIS 37.5 X 152350 0 35510 JODI HARNER 37.5 X 147907 0 35273 3172922 0 578528 25 false true false BARLEY SNYDER LLC 126 E KING STREET LANCASTER PA 17602 COLLECTION SERVICES 311770 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 19170 AUDIT & TAX SERVICES 269816 PENNEBAKER'S CLEANING 1609 CARLISLE RD CAMP HILL PA 17011 JANITORIAL SERVICES 253953 VENTUS NETWORKS LLC 10 NORDEN PLACE NORWALK CT 06855 NETWORK SERVICES 203528 MCNEES WALLACE NURICK PO BOX 11666 HARRISBURGH PA 17108 LEGAL SERVICES 185024 15 0 INTEREST ON LOANS TO MEMBERS 522100 145729692 145729692 INTERCHANGE FEES 522100 20472409 20472409 ATM FEES 522200 6442985 5287120 1155865 CHECKING ACCOUNTS 522100 2979384 2979384 175624470 7507531 7507531 0 0 497521 351117 146404 0 146404 146404 85315254 83748376 1566878 1566878 1566878 0 0 0 OTHER INCOME 900099 7857979 7857979 7857979 192703262 182326584 1155865 9220813 164500 0 0 0 3751450 0 26560039 4079283 9696584 2547103 0 231620 275941 0 0 0 2924749 3769593 6668987 2910511 0 3385500 495896 0 0 27735444 0 3695678 1070228 PROVISION FOR LOAN LOSSES 23953129 RELATIONSHIP REWARD 10060672 ATM EXPENSE 13182397 CHECK CARD PROGRAM EXPENSE 4536650 9985085 161681039 593562215 592505863 166419556 201520295 0 0 0 0 0 0 0 0 2555957270 2711411510 0 0 0 0 110839388 47168639 32936537 63670749 399429882 346194116 16057337 16057337 0 0 0 0 62714318 73492003 3827077115 4004851873 2624432 1602950 0 0 0 0 0 0 3350725 3826418 0 0 0 0 0 0 3470872404 3619080128 3476847561 3624509496 X 0 0 600765 636432 349628789 379705945 350229554 380342377 3827077115 4004851873 X 31022223 -14867072 13957672 X false true X true false false true X 5312673 5312673 69951510 17673599 52277911 748511 732559 15952 21779099 17909439 3869660 13047595 10853042 2194553 63670749 466875 MEMBERS' SHARES 3586574188 OTHER LIABILITIES 32039065 3619080128 192703262 192703262 192703262 161681039 161681039 161681039 PART IV, LINE 2B ESCROW ACCOUNTS ARE HELD FOR MORTGAGE LOANS. PART X THE CREDIT UNION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. INTEREST RELATED TO TAX UNCERTAINTIES IS CLASSIFIED AS INCOME TAX EXPENSE, WHICH IS INCLUDED IN OTHER OPERATING EXPENSES ON THE STATEMENTS OF INCOME. A RECONCILIATION OF THE BEGINNING AND ENDING AMOUNT OF TAX LIABILITY IS AS FOLLOWS: 2012 2011 BALANCE AT BEGINNING OF YEAR $443,000 $428,000 INCREASES BASED ON TAX POSITION RELATED TO THE CURRENT YEAR 24,000 15,000 ------- ------- BALANCES AT END OF YEAR $467,000 $443,000 ======== ======== true AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVENUE DALLAS TX 75231 135613797 501(c)(3) 34000 GENERAL DONATION CHILDREN'S MIRACLE NETWORK 4525 S 2300 EAST SALT LAKE CITY UT 84117 670387305 501(c)(3) 12000 GENERAL DONATION LEADERSHIP HARRISBURG AREA 3211 N FRONT STREET HARRISBURGH PA 17110 251583596 501(C)(3) 6000 GENERAL DONATION HARRISBURG CITY 10 N 2ND STREET HARRISBURG PA 17101 236002010 harrisburg city 17500 COMMUNITY EVENTS HARRISBURG UNIVERSITY OF SCIENCE AND TECHNOLOGY 304 MARKET STREET HARRISBURG PA 17101 251900793 501(c)(3) 10000 GENERAL DONATION PA CREDIT UNION FOUNDATION 4309 NORTH FRONT ST HARRIBSURG PA 17106 251786339 501(c)(3) 10000 GENERAL DONATION YWCA OF GREATER HARRISBURG 1101 MARKET STREET HARRISBURG PA 17103 231370514 501(c)(3) 6000 GENERAL DONATION CENTRAL PA FOODBANK 3908 COREY RD HARRISBURG PA 17109 232202250 501(C)(3) 22000 GENERAL DONATION WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 396093210 501(c)(3) 14000 GENERAL DONATION Junior Achievement of South Central PA 610 S George St York PA 17403 231598129 501(c)(3) 7500 General Donation 10 PART 1, QUESTION 2 THE PENNSYLVANIA STATE EMPLOYEES CREDIT UNION PROVIDES CHARITABLE CONTRIBUTIONS TO QUALIFIED U.S. ORGANIZATIONS AFTER REVIEW OF THEIR FORM 990 TO VERIFY TAX-EXEMPT STATUS. X true true X X X X X false true false GREGORY A SMITH 533588 0 159671 0 62670 0 33000 0 19223 0 808152 0 0 0 SCOTT W RHOADS 191332 0 22070 0 10496 0 36539 0 21948 0 282385 0 0 0 RICHARD L LONG 219692 0 22598 0 10609 0 27530 0 19418 0 299847 0 0 0 WILLIAM C ZYSK 213516 0 22820 0 10082 0 33333 0 17266 0 297017 0 0 0 DAVID WARWAVESYN 207470 0 22804 0 9415 0 45393 0 20652 0 305734 0 0 0 THOMAS J RUBACK 201177 0 22848 0 7237 0 34360 0 17197 0 282819 0 0 0 BARBARA J BOWKER 196947 0 22834 0 9519 0 25519 0 19357 0 274176 0 0 0 KIMBERLEY M FRANK 166593 0 15791 0 8556 0 28441 0 16883 0 236264 0 0 0 FREDERICK F COFFROTH 169437 0 17639 0 9106 0 27911 0 19210 0 243303 0 0 0 CATHERINE M TAMA-TROUTMAN 164471 0 15779 0 8598 0 27993 0 16572 0 233413 0 0 0 SCOTT J DAVIS 135407 0 10220 0 6723 0 16592 0 18918 0 187860 0 0 0 JODI HARNER 132032 0 10220 0 5655 0 16381 0 18892 0 183180 0 0 0 PART I,LINE 4(B) GREGORY SMITH PARTICIPATED IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS, FOR WHICH EXPENSE OF $95,393 WAS INCURRED IN 2012. PART VI, QUESTION 6 All PSECU members may exercise the right as an owner/member and vote in PSECU's annual election of the Board of Directors and Credit Committee members. PART VI, QUESTION 7A All PSECU members may exercise the right as an owner/member and vote in PSECU's annual election of the Board of Directors and Credit Committee members. PART VI, QUESTION 7B PSECU is a federally insured, state chartered credit union, the actions of which are subject to both state and federal regulators. As detailed in Title 17 of PA Consolidated Statutes, any fundamental corporate change is subject to membership vote. PART VI, QUESTION 11B THE FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED BY A THIRD PARTY ACCOUNTING FIRM. EACH DIRECTOR RECEIVES A COPY OF THE FORM 990 WHICH IS REVIEWED AT A BOARD MEETING HELD PRIOR TO THE FILING OF THE FORM 990. PART VI, QUESTION 12C ALL SENIOR MANAGEMENT AND DIRECTORS OF PSECU ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE WHICH MUST BE UPDATED ON AN ANNUAL BASIS. IN ADDITION, THESE INDIVIDUALS ARE RESPONSIBLE FOR NOTIFYING PSECU'S INTERNAL AUDIT SERVICES OF POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AS THEY OCCUR. PART VI, QUESTION 15 PSECU'S BOARD OF DIRECTORS OVERSEES THE PRACTICES AND DESIGN OF PSECU'S EXECUTIVE COMPENSATION PROGRAM. THIS PROCESS CONSIDERS, BUT IS NOT LIMITED TO, AN ANNUAL BENCHMARKING REVIEW, EVALUATION OF EXECUTIVE PERFORMANCE, AND ASSESSMENT OF INCENTIVE COMPENSATION TO ENSURE THAT IT DOES NOT ENCOURAGE EXCESSIVE OR UNNECESSARY RISK TAKING. THE KEY COMPONENTS OF OUR EXECUTIVE COMPENSATION CONSIST OF BASE SALARY AND CASH INCENTIVES. THE INCENTIVES ARE LARGELY SET AROUND KEY PERFORMANCE OBJECTIVES SUCH AS ENSURING THE EFFICIENCY OF OPERATIONS, GROWTH IN MEMBERS AND LOANS, FINANCIAL SOUNDNESS, AND OTHER QUALITATIVE MEASURES. PART VI, QUESTION 19 PSECU MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC ON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COMPANY'S WEBSITE. PART XI, LINE 9 ADDITIONAL PAID-IN CAPITAL $ 35,667 PENSION AND POST-RETIREMENT ADJUSTMENTS 13,922,005 ----------- TOTAL 13,957,672