PUBLIC EMPLOYEES CREDIT UNION

EIN: 741196893

Austin, TX

Total Revenue
$16,225,684
Total Expenses
$10,794,806
Total Assets
$426,329,185
Net Assets
$43,367,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
TX
Principal Officer
Gary Whitcomb
Phone
5124741955
Tax Period
2023-01-01 to 2023-12-31

PUBLIC EMPLOYEES CREDIT UNION, founded in 1952, is a mid-sized nonprofit that reported $16.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.4M, a strong 33% operating margin.

Mission

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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,380,434
Investment Income $3,845,250
Other Revenue $0
TOTAL REVENUE $16,225,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,964,553
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,830,253
TOTAL EXPENSES $10,794,806

Year-over-Year Comparison

2023 2022 Change
Revenue $16,225,684 $14,631,570 +0.1%
Expenses $10,794,806 $9,114,827 +0.2%
Net Income $5,430,878 $5,516,743 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

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Governance

Voting Members
7
Independent Members
7
Employees
78
Volunteers
7

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
7
$738,358
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Whitcomb President/CEO 40
Officer
$309,524 $59,370 $368,894
Marc Broddrick SVP/CFO 40
Officer
$175,621 $28,872 $204,493
Merrily Porter General Counsel 40
Highest
$142,387 $25,293 $167,680
Andrew Curtin VP Information Technology 40
Officer
$140,341 $24,630 $164,971
Juan Facundo Vice President - Lending 40
Highest
$130,160 $22,796 $152,956
Scott Murphy Vice President - Marketing 40
Highest
$114,972 $21,815 $136,787
James Patterson Vice President - Operations 40
Highest
$106,821 $20,057 $126,878
Claire McGuinnes Chair 1
Officer Director
$0 $0 $0
Patrick Marotta Vice Chair 1
Officer Director
$0 $0 $0
Tommy Gregg Secretary 1
Officer Director
$0 $0 $0
LC Wadle Treasurer 1
Officer Director
$0 $0 $0
Leonard Reese Director 1
Director
$0 $0 $0
Jennifer Soldano Director 1
Director
$0 $0 $0
Renee Mauzy Director 1
Director
$0 $0 $0
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 $16,225,684 $10,794,806 $426,329,185 $5,430,878
2022 $14,631,570 $9,114,827 $452,083,209 $5,516,743
2021 $10,615,864 $8,115,232 $460,892,144 $2,500,632
2020 $11,481,100 $9,068,654 $398,847,948 $2,412,446
2019 $12,766,290 $9,623,729 $350,675,163 $3,142,561
2018 $12,164,817 $8,844,702 $339,009,237 $3,320,115
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