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Public Service Credit Union

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

EIN: 351079390 ✦ Fort wayne, IN ✦ Designated as a 501(c)(14)

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Overview

What is Public Service Credit Union?

Public Service Credit Union is a thriving financial institution, serving over 5,000 members and boasting assets worth $50 million. This not-for-profit organization, operated by its members, functions as a financial cooperative, providing a wide range of services. As a state-chartered credit union, it operates under the State Chartered Credit Union mission, ensuring financial well-being for its members.


Official website here: www.mypscu.com

What do the Facebook reviews say about Public Service Credit Union?

94% of 8 reviewers on Facebook recommend Public Service Credit Union. Here is a summary of their reviews:

Many customers express satisfaction with the exceptional service provided by the loan officers, who are praised for their dedication to helping members save money. The outstanding interest rates also received positive mentions, reinforcing the belief that this credit union is a favorable option for individuals dissatisfied with their current banking institutions.

Overall, patrons appreciate the supportive and customer-focused environment at Public Service Credit Union, leading to strong recommendations for potential new members.


This AI summary has been generated from reviews found on Facebook.

Is Public Service Credit Union legitimate?

Public Service Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Public Service 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,006,664

For more financial information, click here


Official website here: www.mypscu.com

What is the mission statement of Public Service Credit Union?

Public Service Credit Union serves as a full-service financial institution, catering to over 5,000 members. As a not-for-profit financial cooperative, it is owned and operated by its members, with assets totaling $50 million. The mission of Public Service Credit Union is centered around providing financial services to its members in a cooperative manner. It operates on the principle of democratic control, ensuring that its members have a say in its operations and decision-making process. The credit union aims to offer a wide range of financial services, including savings, loans, and other financial products, to its members, all while maintaining a strong commitment to its not-for-profit status.


Official website here: www.mypscu.com

Who is the CEO of Public Service Credit Union?

Carolyn Mikesell is the Chairperson of Public Service Credit Union. The CEO's salary of Public Service Credit Union is $186,034 and their total compensation is $186,034.


Official website here: www.mypscu.com

What is the revenue of Public Service Credit Union?

Public Service Credit Union's revenue in 2022 was $3,101,593.


Official website here: www.mypscu.com

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

The average compensation at Public Service Credit Union during 2022 was $34,713. There are 29 employees at Public Service Credit Union.


Here are 9 key members and their salaries (Public Service Credit Union's CEO's salary is $186,034 and their total compensation is $186,034):


Larry Graham (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Brown (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathaniel Kolmerten (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherrill Hamman (Supervisory Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Breanna Dejonge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Henderson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Mikesell (Ceo & Director)
  • Compensation: $186,034
  • Related: $0
  • Other: $0
Todd Mason (Vice President)
  • Compensation: $82,297
  • Related: $0
  • Other: $0
Patricia Hladik (Vice President)
  • Compensation: $37,026
  • Related: $0
  • Other: $0


Official website here: www.mypscu.com

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

Public Service Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mypscu.com

Learn more at the official website: www.mypscu.com

Mission Statement of Public Service Credit Union

Public Service Credit Union, as a not-for-profit financial cooperative, serves its over 5000 members with a mission to provide them with comprehensive financial services. This full-service institution is uniquely owned and operated by its members, making it a true testament to the power of collective financial management. With assets totaling $50 million, Public Service Credit Union offers its members a wide range of financial solutions, from savings accounts and loans to investment opportunities and financial advice. The credit union's mission is to promote financial well-being among its members, ensuring they have the tools and resources they need to manage their finances effectively and secure their financial future.

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Impact




October, 2024

Public Service Credit Union plays a significant role in the Fort Wayne community by providing accessible financial services to its over 5,000 members. With $50 million in assets, it fosters economic growth and stability through a cooperative model that prioritizes the needs of its members. By offering affordable banking solutions, such as low-interest loans, savings accounts, and financial education, the credit union enhances financial literacy and promotes responsible money management among its members.

Moreover, Public Service Credit Union supports local initiatives and community development, reinforcing its commitment to public benefit. Its member-focused approach not only empowers individuals financially but also strengthens community ties, contributing to the overall economic well-being of Fort Wayne and its surrounding areas.




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


Financials

This financial information is from Propublica.

Revenue
$3,101,593 (2022)
Expenses
$2,782,300 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $380,937
  • Program Service Revenue: $2,686,832
  • Gross Receipts: $3,122,942

Assets and Liabilities:

  • Total Assets: $75,341,624
  • Total Liabilities: $66,701,930
  • Net Assets: $8,639,694

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Programs

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

INCOME ON LOANS

Revenue

$1,907,431

INTERCHANGE AND OTHER

Revenue

$513,191

FEE INCOME

Revenue

$266,210

Organization Details

Founding Year

1932

Principal Officer

Carolyn Mikesell

Main Address

4025 W JEFFERSON BLVD, FORT WAYNE, IN, 46804

NTEE Category

Code: W61 - Public benefit

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