PUBLIC EMPLOYEES 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

1952

Legal Domicile

Principal Officer

LISA CARLO

Phone

3192914375

Tax Period

2024-01-01 to 2024-12-31

PUBLIC EMPLOYEES CREDIT UNION, founded in 1952, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $4.6M represent 38 months of operating reserves.

Mission

PUBLIC EMPLOYEES CREDIT UNION EXISTS TO PROVIDE GOOD RATES ON LOANS AND SAVINGS TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,423,898 Revenue: $824,060

THE CREDIT UNION CONSISTENTLY HAS SOME OF THE LOWEST LOAN RATES OFFERED. THE CREDIT UNION ALSO HAS THE LOWEST CHARGE OFF TOTALS AND DELINQUENCY RATIOS IN THE STATE AND NATION.PUBLIC EMPLOYEES CREDIT UNION IS NOT A COMMUNITY CREDIT UNION. OUR MEMBERS BENEFIT FROM THIS IN MANY WAYS. THE CREDIT UNION OFFERS PAYROLL DEDUCTION INTO SAVINGS ACCOUNTS AND FOR LOAN PAYMENTS FROM MOST OF THE EMPLOYER GROUPS. THE CREDIT UNION DOES NOT HAVE ADVERTISING COSTS MANY COMMUNITY CREDIT UNIONS HAVE.THE CREDIT UNION OFFERS COMPETITIVE SHARE, SHARE DRAFT, AND CERTIFICATES RATES. TOTAL MEMBERS SERVED WAS APPROXIMATELY 1834 DURING THE 2024 TAX YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $698,526

Investment Income $641,723

Other Revenue $125,534

TOTAL REVENUE $1,465,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,163

Fundraising Expenses $0

Program Expenses $1,423,898

Other Expenses $1,096,735

TOTAL EXPENSES $1,423,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,465,783	$1,136,516	+0.3%
Expenses	$1,423,898	$1,094,188	+0.3%
Net Income	$41,885	$42,328	0.0%

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

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

$139,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HUTING	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
ERIC THORSON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JANE WAGNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BONETTA CULP	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDY KNUDSEN	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
BARBARA DODGE	SECRETARY AUDIT COMMITTEE	1.00	Director	$0	$0	$0
DAVE MOHLIS	AUDIT CHAIR	1.00	Director	$0	$0	$0
STEVE FINEGAN	ADVISORY BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CARLO	CEO/CREDIT COMMITTEE	60.00	Officer	$109,761	$29,705	$139,466

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
2025	No data	No data	No data	No data
2024	$1,465,783	$1,423,898	$36,191,386	$41,885
2023	$1,136,516	$1,094,188	$35,120,226	$42,328
2022	$883,957	$780,115	$33,690,263	$103,842
2021	$873,071	$838,563	$34,260,187	$34,508
2020	$963,038	$886,961	$32,199,015	$76,077
2019	$965,103	$822,348	$28,901,102	$142,755
2018	$850,540	$730,868	$27,792,735	$119,672