PUBLIC SERVICE CREDIT UNION

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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

1951

Legal Domicile

Principal Officer

DEAN J TRUDEAU

Phone

7346418400

Tax Period

2023-01-01 to 2023-12-31

PUBLIC SERVICE CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $30.6M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $26.9M left a modest 12% surplus.

Mission

TO HELP OUR MEMBERS REACH THEIR FINANCIAL GOALS. WE ARE COMMITTED TO PROVIDING EXCEPTIONAL SERVICES FROM KNOWLEDGABLE EMPLOYEES. AS A MEMBER OF THE PSCU FAMILY, EVERYONE WILL BE TREATED WITH DIGNITY AND RESPECT.

Program Service Accomplishments

Program 1

PROVIDE MEMBERS WITH REGULAR SHARES, SHARE DRAFT, MONEY MARKET, IRA, CERTIFICATE OF DEPOSIT AND CLUB ACCOUNTS.

Program 2

PROVIDE LOANS INCLUDING VEHICLE, MORTGAGE, HOME EQUITY, COMMERCIAL AND PERSONAL LOANS.

Program 3

OFFER AUTOMATED TELLER MACHINES, COURTESY PAY, WIRE TRANSFERS, GIFT CARDS, MONEY ORDERS AND VARIOUS INSURANCE PROGRAMS.

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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 $4,000,000

Program Service Revenue $24,272,162

Investment Income $2,362,227

Other Revenue $0

TOTAL REVENUE $30,634,389

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $10,269,611

Fundraising Expenses $0

Other Expenses $16,594,769

TOTAL EXPENSES $26,874,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,634,389	$20,530,252	+0.5%
Expenses	$26,874,380	$19,446,149	+0.4%
Net Income	$3,760,009	$1,084,103	+2.5%

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

159

Volunteers

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

$690,912

Total Directors

$459,780

Key Employees

$825,378

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK MORGAN	CHAIRPERSON	2.00	Director	$0	$0	$0
CHARLIE LOWLER	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
EDWARD CAREY	SECRETARY	2.00	Director	$0	$0	$0
NORA SHARPLEY	DIRECTOR	2.00	Director	$0	$0	$0
DALE REAUME	DIRECTOR	2.00	Director	$0	$0	$0
DEAN J TRUDEAU	PRESIDENT/CEO, BOARD TREASURER	40.00	Officer Director	$437,322	$22,458	$459,780
MELISSA ESPINOZA	CFO/SVP OF SUPPORT	40.00	Officer	$221,791	$9,341	$231,132
DONNA FOLLBAUM	COO/EVP OF BRANCH SERVICES	40.00	Key Emp	$202,481	$45,255	$247,736
ROBERT MERCIER	CLO/SVP OF SALES & LENDING	40.00	Key Emp	$192,672	$55,586	$248,258
ANGELO FANARAS	CIO/SVP OF ELECTRONIC SERVICES	40.00	Key Emp	$194,228	$135,156	$329,384
ASHLEY CARR	VP HR/SD	40.00	Highest	$123,275	$45,624	$168,899
TANIS CAMPBELL	VP RISK	40.00	Highest	$122,530	$57,127	$179,657
BRIAN BUCZEK	COMMERCIAL RELATIONSHIP MANAGER	40.00	Highest	$124,707	$16,076	$140,783
DAMIKA CLARK	AVP BRANCH OPERATIONS	40.00	Highest	$110,100	$59,212	$169,312
DANETTE KRAHN	AVP BRANCH ADMINISTRATION	40.00	Highest	$112,845	$26,729	$139,574

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	$30,634,389	$26,874,380	$415,528,255	$3,760,009
2022	$20,530,252	$19,446,149	$391,529,125	$1,084,103
2021	$22,316,776	$18,634,519	$367,474,498	$3,682,257
2020	$19,412,411	$18,613,765	$337,086,473	$798,646
2019	$22,992,823	$20,961,439	$293,173,964	$2,031,384
2018	$18,969,550	$16,945,864	$285,973,059	$2,023,686