PENNSYLVANIA STATE EMPLOYEES CREDIT UNION (EIN 230961140) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

GEORGE RUDOLPH

Phone

8002377328

Tax Period

2023-01-01 to 2023-12-31

PENNSYLVANIA STATE EMPLOYEES CREDIT UNION, founded in 1933, is a major nonprofit that reported $468.7M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

ORGANIZATION'S MISSION 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $390,212,606

Investment Income $63,652,657

Other Revenue $14,806,989

TOTAL REVENUE $468,672,252

Expense Breakdown

Grants Paid $463,569

Salaries & Benefits $88,154,809

Fundraising Expenses $0

Other Expenses $372,622,319

TOTAL EXPENSES $461,240,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$468,672,252	$356,564,660	+0.3%
Expenses	$461,240,697	$279,242,058	+0.7%
Net Income	$7,431,555	$77,322,602	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1011

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,436,838

Total Directors

$163,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE W RUDOLPH	CEO	37.5	Officer	$1,438,469	$265,222	$1,703,691
RICHARD L LONG	CIO	37.5	Officer	$431,863	$64,308	$496,171
FRANCIS J PUDNER ESQ	CHIEF RISK OFF & GEN COUNSEL	37.5	Officer	$423,061	$60,856	$483,917
BARBARA J BOWKER	CHIEF MEMBER EXP OFFC.	37.5	Officer	$423,944	$50,900	$474,844
JOSE L PASCUAL FERNANDEZ	VP, HEAD OF MORTGAGE & COMM BA	37.5	Highest	$394,640	$58,431	$453,071
SANDRA K HOLZGEN	CHIEF HUMAN RESOURCE OFFICER	37.5	Officer	$369,302	$64,635	$433,937
HOMER RENTERIA	CHIEF REVENUE & LENDING OFFICE	37.5	Officer	$369,289	$64,241	$433,530
GINA M SEIBERT	CFO	37.5	Officer	$350,603	$60,145	$410,748
SCOTT J DAVIS	VP, ENTERPRISE RISK MGMT	37.5	Highest	$298,216	$61,948	$360,164
DARREN L NEUSCHWANDER	VP, HEAD OF CONSUMER LENDING	37.5	Highest	$282,852	$57,934	$340,786
GREGORY A MINNICH	VP MEMBER EXP & ENGAGEMENT	37.5	Highest	$269,953	$59,557	$329,510
CLIFTON D VAN SCYOC	VP OF TECHNOLOGY	37.5	Highest	$267,078	$57,527	$324,605
GREGORY A SMITH	FORMER OFFICER, CEO	0.0		$218,750	$0	$218,750
TIMOTHY D GRUNSTRA	DIRECTOR	3.0	Director	$22,264	$0	$22,264
SHAWN W WEIS	DIRECTOR	3.0	Director	$21,699	$0	$21,699
MATTHEW B WAGONER	DIRECTOR	3.0	Director	$21,161	$0	$21,161
LEANNA L MEISER	DIRECTOR	3.0	Director	$20,354	$0	$20,354
JOSEPH SASSANO	DIRECTOR	2.0	Director	$15,819	$0	$15,819
NICHOLAS J BARBERA	DIRECTOR	2.0	Director	$15,719	$0	$15,719
MICHAEL C FERSTER	DIRECTOR	2.0	Director	$15,619	$0	$15,619
JODI LYNNE BLANCH	DIRECTOR	2.0	Director	$15,619	$0	$15,619
R BRIAN WILBUR	DIRECTOR	2.0	Director	$15,519	$0	$15,519

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$468,672,252	$461,240,697	$8,227,773,106	$7,431,555
2022	$356,564,660	$279,242,058	$8,071,110,773	$77,322,602
2021	$315,391,935	$245,215,275	$8,187,070,454	$70,176,660
2020	$292,555,858	$249,198,290	$7,458,732,490	$43,357,568
2019	$297,565,388	$245,710,866	$6,284,723,902	$51,854,522
2018	$272,504,629	$231,995,232	$5,356,853,183	$40,509,397

PENNSYLVANIA STATE EMPLOYEES CREDIT UNION