Nonprofit · EIN 74-1196893
PUBLIC EMPLOYEES CREDIT UNION
Tax-exempt · AUSTIN, TX 78768
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,903,967 | $12,294,598 | $5,609,369 | $429,849,537 | $377,800,469 | $52,049,068 |
| December 31, 2023 | 990 | $16,225,684 | $10,794,806 | $5,430,878 | $426,329,185 | $382,961,805 | $43,367,380 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,654,634
- Investment income
- $5,249,333
- Net gain from sales of assets
- -$55
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,344,540
- Other salaries and wages
- $2,740,694
- Salaries, compensation and benefits (total)
- $5,005,812
- Professional fundraising fees
- $0
- Legal fees
- $10,000
- Accounting fees
- $59,300
- Occupancy
- $638,864
- Travel
- $4,019
- Depreciation
- $336,759
Balance sheet and other
- Total assets, start of year
- $426,329,185
- Total assets, end of year
- $429,849,537
- Total liabilities, end of year
- $377,800,469
- Net assets, end of year
- $52,049,068
- Land, buildings and equipment
- $5,572,772
- Gross unrelated business income
- $5,752
- Gross receipts
- $17,904,022
- Employees
- 92
- Volunteers
- 7
- Year formed
- 1952
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gary Whitcomb | President/CEO Officer | 40 | $321,510 | $60,388 |
| Marc Broddrick | SVP/CFO Officer | 40 | $185,703 | $30,080 |
| Merrily Porter | General Counsel Highest-paid employee | 40 | $147,928 | $26,482 |
| Andrew Curtin | VP - Information Technology Highest-paid employee | 40 | $148,994 | $25,024 |
| Scott Murphy | Vice President - Marketing Highest-paid employee | 40 | $122,136 | $21,914 |
| James Patterson | Vice President - Operations Highest-paid employee | 40 | $108,961 | $22,132 |
| Sheri Sconce | VP - Financial Services Highest-paid employee | 40 | $103,650 | $19,637 |
| Claire McGuinness | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Patrick Marotta | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Tommy Gregg | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jennifer Soldano | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Lanny Wadle | Director Trustee or director | 1 | $0 | $0 |
| Jeffery Smoot | Director Trustee or director | 1 | $0 | $0 |
| Catherine DeStasio | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gary Whitcomb | President/CEO Officer | 40 | $309,524 | $59,370 |
| Marc Broddrick | SVP/CFO Officer | 40 | $175,621 | $28,872 |
| Merrily Porter | General Counsel Highest-paid employee | 40 | $142,387 | $25,293 |
| Andrew Curtin | VP Information Technology Officer | 40 | $140,341 | $24,630 |
| Juan Facundo | Vice President - Lending Highest-paid employee | 40 | $130,160 | $22,796 |
| Scott Murphy | Vice President - Marketing Highest-paid employee | 40 | $114,972 | $21,815 |
| James Patterson | Vice President - Operations Highest-paid employee | 40 | $106,821 | $20,057 |
| Claire McGuinnes | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Patrick Marotta | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Tommy Gregg | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| LC Wadle | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Leonard Reese | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Soldano | Director Trustee or director | 1 | $0 | $0 |
| Renee Mauzy | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2205, AUSTIN, TX 78768-2205
- Principal officer (990 for 2024)
- Marc Broddrick, 306 E 10th St, Austin, TX 78701
- Signed the 990
- Marc Broddrick, CFO
- Phone
- (512) 474-1955
- Website
- www.pecutx.org
Mission
Public Employees Credit Union is a cooperative financial institution whose mission is to provide quality financial services and products at the greatest value to our members in a professional and personal manner while maintaining financial strength and stability.
Program accomplishments
- Public Employees Credit Union provides a wide range of secured and unsecured loans to its members for consumable items, such as autos, motorcycles, RVs, home equity loans, mortgages, credit cards, signature loans and line-of-credit and share or certificate secured loans. Additionally, credit insurance is available on all these loans. GAP (Guaranteed Asset Protection) insurance is a product that is likewise offered on some of our secured loans.
- Public Employees credit union offers Money Market accounts to its members. These accounts pay a higher dividend than a typical savings or checking account as long as the monthly balance minimum requirement is maintained. Interest is paid and compounded monthly.
- Public Employees Credit union offers Regular Share accounts to its members. Regular Share accounts are required for membership. These accounts receive a quarterly dividend as declared by the Board of Directors. The dividends are paid as long as minimum balance requirements are met.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1196893
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2742: CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS
- Assets (IRS master file)
- $429,849,537
- Income (IRS master file)
- $17,904,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,903,967 | $12,294,598 | $429,849,537 | XML |
| 990 | December 2023 | $16,225,684 | $10,794,806 | $426,329,185 | XML |
| 990 | December 2022 | $14,631,570 | $9,114,827 | $452,083,209 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1196893).
Questions about PUBLIC EMPLOYEES CREDIT UNION
- What is the EIN of PUBLIC EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of PUBLIC EMPLOYEES CREDIT UNION is 74-1196893.
- Is PUBLIC EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to PUBLIC EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PUBLIC EMPLOYEES CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PUBLIC EMPLOYEES CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PUBLIC EMPLOYEES CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PUBLIC EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Marc Broddrick.
- Who are the officers and directors of PUBLIC EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 14 people; 7 received compensation from the organization, the highest $321,510 (Gary Whitcomb, President/CEO).
- How much revenue does PUBLIC EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,903,967, expenses of $12,294,598 and total assets of $429,849,537 at year end.
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