Public Employees Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741196893 ✦ Austin, TX ✦ Designated as a 501(c)(14)

Overview

What is Public Employees Credit Union?

Public Employees Credit Union is a member-owned financial cooperative based in Austin, Texas, with a PO Box address at 2205. Established to promote thrift and offer financial services, they provide various loan options for their members, including secured and unsecured loans for consumable items such as autos, motorcycles, and homes. Their loan offerings include home equity loans, mortgages, credit cards, signature loans, and line-of-credit and share or certificate secured loans. Credit insurance and Guaranteed Asset Protection (GAP) insurance are available for added security. The Credit Union's mission is to deliver quality financial services at the best value to members while maintaining financial strength and stability. They employ a workforce of 96 individuals.


Official website here: www.pecutx.org

Is Public Employees Credit Union legitimate?

Public Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Public Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,243,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,468,205

For more financial information, click here


Official website here: www.pecutx.org

What is the mission statement of Public Employees Credit Union?

Public Employees Credit Union is a member-owned financial cooperative with a mission to deliver quality financial services and products to its members at the best value. It operates with a professional and personal approach while ensuring financial strength and stability. The credit union offers various loan options for securing funds for consumable items, including autos, motorcycles, RVs, home equity, mortgages, credit cards, signature loans, and line-of-credit and share or certificate secured loans. Members have access to credit insurance and Guaranteed Asset Protection (GAP) insurance for added protection on some of these loans. The mission is centered around providing essential financial services to its members in a cooperative and sustainable manner.


Official website here: www.pecutx.org

Who is the CEO of Public Employees Credit Union?

Gary Whitcomb is the President/Ceo of Public Employees Credit Union. The CEO's salary of Public Employees Credit Union is $295,660 and their total compensation is $353,498.


Official website here: www.pecutx.org

What is the revenue of Public Employees Credit Union?

Public Employees Credit Union's revenue in 2022 was $14,631,570.


Official website here: www.pecutx.org

Who are the executives of Public Employees Credit Union and what are their salaries?

The average compensation at Public Employees Credit Union during 2022 was $38,666. There are 96 employees and 7 volunteers at Public Employees Credit Union.

Here are 14 key members and their salaries (Public Employees Credit Union's CEO's salary is $295,660 and their total compensation is $353,498):

    Gary Whitcomb (President/Ceo)
  • Compensation: $295,660
  • Related: $0
  • Other: $57,838

    • Marc Broddrick (Svp/Cfo)
  • Compensation: $165,810
  • Related: $0
  • Other: $27,616

    • Merrily Porter (General Counsel)
  • Compensation: $136,710
  • Related: $0
  • Other: $24,687

    • Juan Facundo (Vice President - Lending)
  • Compensation: $125,111
  • Related: $0
  • Other: $22,141

    • Andrew Curtin (It Director)
  • Compensation: $115,942
  • Related: $0
  • Other: $22,068

    • Scott Murphy (Vice President - Marketing)
  • Compensation: $108,515
  • Related: $0
  • Other: $21,068

    • James Patterson (Vice President - Operations)
  • Compensation: $101,192
  • Related: $0
  • Other: $19,359

    • Claire Mcguinnes (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Marotta (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tommy Gregg (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lc Wadle (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hal Ten Brink (Chair Emeritas) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leonard Reese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Soldano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pecutx.org

    Where can I find the form 990 for Public Employees Credit Union?

    The Public Employees Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pecutx.org

    Learn more at the official website: www.pecutx.org

    Mission Statement of Public Employees Credit Union

    Public Employees Credit Union, a member-owned financial cooperative, is dedicated to encouraging savings and offering credit and financial services to its members. In pursuit of this mission, the credit union operates with a professional and personal touch, ensuring the delivery of top-quality financial products at competitive value.

    At the core of Public Employees Credit Union's activities lies the provision of various secured and unsecured loans to its membership base. These loan options cater to a range of consumer needs, including auto, motorcycle, RV, home equity, mortgage, credit card, signature loan, and line-of-credit purchases. Members can also opt for credit insurance and Guaranteed Asset Protection (GAP) insurance to secure their investments.

    Public Employees Credit Union's commitment to its members extends beyond loans. The financial institution is focused on maintaining financial strength and stability, making it a reliable partner for its members' financial needs. By prioritizing member satisfaction and providing financial services in a professional and personal manner, Public Employees Credit Union has established itself as a trusted financial institution within its community.

    Impact

    This information is meant to be a general summary of Public Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Public Employees Credit Union's impact lies in its commitment to providing quality financial services and products to its members in a cooperative and member-focused manner. By offering a wide range of secured and unsecured loans for various consumable items, such as autos, motorcycles, RVs, home equity loans, mortgages, credit cards, and more, Public Employees Credit Union plays a significant role in promoting thrift and financial stability among its members. Furthermore, the availability of credit insurance and GAP insurance on certain loans demonstrates the credit union's dedication to safeguarding its members' financial well-being. Overall, Public Employees Credit Union's impact is evident in its mission to deliver value and support members' financial needs while maintaining financial strength and stability in Austin, TX, and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,572,339
  • Program Service Revenue: $12,059,231
  • Gross Receipts: $14,631,570

    • Assets and Liabilities:
  • Total Assets: $452,083,209
  • Total Liabilities: $417,592,559
  • Net Assets: $34,490,650
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest on Loan

    Revenue

    $8,273,232

    Other Operating Income

    Revenue

    $2,161,683

    Fee Income

    Revenue

    $1,526,289

    Miscellaneous Income

    Revenue

    $98,027

    Organization Details

    Founding Year

    1952

    Principal Officer

    Gary Whitcomb

    Main Address

    PO BOX 2205, Austin, TX, 78768

    NTEE Category

    Code: W60 - Public benefit

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