2013-11-13T13:09:55-08:00 2012-12-31 Tinucci Jones & Company PC 31207 Keats Way Suite 201 Evergreen CO 80439 990 2012-01-01 846023137 PUBLIC SERVICE CREDIT UNION PUBL 3036912345 7055 EAST EVANS AVENUE DENVER CO 80224 Colleen Knoll 2013-11-13 true Eric L Jones P00634170 3034809090 2012 2016-02-24 21:20:13Z David E Maus 7055 East Evans Avenue Denver CO 80224 115748930 false false X www.pscu.org X 1938 CO PSCU is a financial cooperative that provides the means for our members to achieve their goals and stands for this fundamental truth: That together we're better. 9 8 512 12 1947362 -1339501 0 66900322 63852925 2990299 4249807 418358 781058 70308979 68883790 143983 153226 0 21016847 21639204 0 0 29446027 33827730 50606857 55620160 19702122 13263630 1115023418 1244721522 1001757582 1117398736 113265836 127322786 PSCU is a financial cooperative that provides the means for our members to achieve their goals and stands for this fundamental truth: That together we're better. false false The Credit Union is owned by approximately 139,000 members. The Credit Union provides financial services to its members, such as consumer lending, shared branching services, deposit/transactional services, mortgage lending, commercial lending, home banking, bill payment and other financial services. false false false false false false false false true false true false false false true true false true false false false false false false false false false true false true false false false false false false true false false false true false false false false false true false false false false true 23088 0 true 512 true true false false false false false false false false false false X 9 8 false false false false true true true true true false false false true true true true true true true false X X Public Service Credit Union 3036912345 7055 East Evans Avenue Denver CO 80224 Gary Jones 3.00 0.00 X 0 0 0 David E Maus 40.00 0.00 X X 2395531 0 1235110 Josh Burchfield 3.00 0.00 X 0 0 0 Phil Showalter 3.00 0.00 X 0 0 0 Darrell Digs 3.00 0.00 X 0 0 0 JoAnn Groff 3.00 0.00 X 0 0 0 Lynn Gangone 3.00 0.00 X 0 0 0 Price Hatcher 3.00 0.00 X 0 0 0 Scott Aaronson 3.00 0.00 X 0 0 0 Tim Farrell 5.00 0.00 X 0 0 0 Michelle Tygart 40.00 0.00 X 123269 0 23184 Katy Uhl 40.00 0.00 X 38613 0 1256 Louis Lubick 22.00 0.00 X 143068 0 14143 Colleen Knoll 40.00 0.00 X 77759 0 3458 Herbert White 40.00 0.00 X 206931 0 32059 Evonna L Foster 40.00 0.00 X 223784 0 28595 Ashlee Micale 40.00 0.00 X 92465 0 12881 Stephen Ferrero 40.00 0.00 X 164486 0 16668 David Pierce 40.00 0.00 X 213437 0 29822 Cynthia G Koan 40.00 0.00 X 316790 0 27242 Noreen Kobza 40.00 0.00 X 156659 0 22044 Mitchell Kitch 40.00 0.00 X 192477 0 23516 4345269 1469978 10 false true false VISA Inc PO Box 31279 Tampa FL 33631 Debit Card Process 1270808 Jack Henry & Associates PO Box 609 Monnett MO 65708 Sotfware Maint/Consu 709225 Diabold Inc PO Box 643543 Pittsburgh PA 15264 ATMs & Maint 836756 CO-OP 9692 Haven Ave Rancho Cucamonga CA 91730 Electronic Trans 1952102 AD Miller Services Inc 7006 S Alton Way Centennial CO 80112 Property Management 700051 5 0 Shared Branch Income 522100 1625953 1625953 Plastics Income 522100 8255052 8255052 Other Operating Income 522100 1539179 1539179 Interest Member Loans 522100 38746066 38746066 Fees Member Service 522100 11739313 11739313 1947362 1947362 63852925 3767091 3767091 0 0 781058 781058 781058 781058 921527 46426329 1013149 45851991 -91622 574338 482716 482716 0 0 0 0 68883790 61905563 1947362 5030865 153226 0 0 0 5815247 0 12330403 764967 1355211 1373376 0 87852 0 0 0 142026 2056851 3078958 0 0 0 3137673 0 0 430148 17 0 3857258 0 Office Operations 3396978 Dividends & Interest -Members 4232716 Provision for Loan Losses 4727847 Transaction Processing 4971411 3707995 55620160 0 0 0 12792013 14430354 378617706 376779830 0 893961 2478622 3438287 2552427 0 555749794 577811634 0 1116312 1191701 51535291 25417067 27621675 26118224 87307084 192407469 14000586 14681501 0 14813416 13713047 18672584 22556713 1115023418 1244721522 10842113 12677294 195366 420550 990720103 1104300892 1001757582 1117398736 X 113265836 127322786 113265836 127322786 1115023418 1244721522 X 13263630 726554 66766 X false true X true false true 1102665 2525746 2323728 1304683 true X 8604853 8604853 23413714 10444131 12969583 3029967 2425354 604613 6989383 5537958 1451425 9497374 7009624 2487750 26118224 Section 457 Plan Annuity Contracts 5580930 C Other Member Deposits 906945491 Member Shares 197355401 1104300892 X Part X Part X : FIN48 Footnote ASC 740, Accounting for Uncertainty in Income Taxes, prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.The Credit Union and its wholly-owned subsidiary are under regular audit by the tax authorities. The Credit Union believes that it has appropriate support for the positions taken on its tax returns and that its annual tax provision includes amounts sufficient to pay any assessments. Further, management believes that the Credit Union's tax exempt status would be upheld in an examination. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year.The Credit Union and its subsidiary file income tax returns in the United States federal and Colorado state jurisdictions. The Credit Union and its subsidiary are no longer subject to income tax examinations for the Colorado state income taxes before 2009 or for the United States federal income taxes before 2009.The Credit Union classifies any interest on underpayments of income tax as "Interest Expense", and classifies penalties in connection with underpayments of tax as "Other Expense". Part IV, Line 2b Part IV, Line 2b: Explanation of escrow account liability The Credit Union services first mortgage loans held in its own portfolio. The custodial escrow accounts related to these mortgage loans are included in the Credit Union's financial statements, and are reported as an escrow liability. Part IV, Line 1b Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib The Credit Union sells first mortgage loans to others with servicing retained. The custodial escrow accounts related to these mortgage loans are not included in the Credit Union's financial statements. true Womens Vision Foundation 360 S Monroe Suite 175 Denver CO 80219 841155755 25000 0 Networking and Seminar Events University of Denver 2201 E Asbury Ave Denver CO 20208 840404231 109226 0 Supports DU Athletic & Campus Event Denver Better Business Bureau 1020 Cherokee St Denver CO 80204 840415110 9000 0 Sponsored Torch Awards Luncheon 2 1 Grantmaker's Description of How Grants are Used The Credit Union monitoris the use of grant funds by attending the sponsorship event and/or observing the results in the community. X X X true true X X X X false true false Stephen Ferrero 131336 19607 13543 16260 408 181154 Noreen Kobza 6659 150000 15701 6343 178703 Mitchell Kitch 2121 190356 19405 4111 215993 Louis Lubick 143068 13802 341 157211 Herbert White 172927 34004 21449 10610 238990 Evonna L Foster 176994 35002 11788 21377 7218 252379 David Pierce 177437 36000 19212 10610 243259 David E Maus 2379992 10337 5202 1224500 10610 3630641 1820000 Cynthia G Koan 235391 62451 18948 22582 4660 344032 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Cherry Creek Country Club dues and first class travel upgrades are provided to the Credit Union's CEO. Spouse travel was provided to Board members. None of these benefits were treated as taxable compensation, and all benefits are approved through the annual budgeting process. Katy Uhl Home X 300000 300000 false false true Cynthia G Koan Rental X 400000 400000 false false true David Pierce Home X 416000 393301 false false true Louis Lubick Home X 400000 361349 false false true Herbert White Home X 360000 329219 false false true David E Maus Home X 457000 96670 false true true Cynthia G Koan Home X 531847 448461 false false true Evonna L Foster Home X 205350 99374 false false true Stephen J Ferrero Home X 207500 124053 false false true 2552427 Business Partners LLC See Schedule O 15202 Loan Orig & Serv false Centennial Lending LLC See Schedule O 54575 Loan Orig & Serv false CU Service Network LLC See Schedule O 384297 Shared Branch Expense false CUILA LLC See Schedule O 596502 Indirect Lending Fees false Form 990 - Sch L - Part IV The Credit Union's CEO is on the Board of Directors of CUILA, LLC, CU Service Network, LLC, and Business Partners, LLC. The Credit Union's Executive VP is on the Board of Directors of Centennial Lending, LLC and Business Partners, LLC.The Credit Union participates in an indirect lending program that allows a member to obtain financing of a purchased automobile at the point of purchase at the dealership. CUILA, LLC (dba CU Direct Connect) is the entity that facilitates the indirect program for participating credit unions. The fees paid to CUILA, LLC are the same fees that are paid by all participants in the program.The Credit Union participates with other credit unions in a shared branching network which is facilitated by CU Service, Network, LLC. Centennial Lending, LLC and Business Partners, LLC are credit union service organizations that originate and service real estate and business loans for participating credit unions. Form 990 - Sch L - Part II The Credit Union offers a 1% loan discount rate on consumer loans to all employees, and offers a 2% discount rate on first mortgage loans to select employees only. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Capital from Mergers = $66766 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Other than the Form 990, no documents are made available to the public. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The current CUES Compensation Survey and salary.com are utilized to determine compensation for the CEO, Executive Vice President, Senior Vice Presidents and Vice Presidents. The last year this process was done was 2008 Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Directors complete the conflict of interest disclosure following each Annual Meeting. On an annual basis, the Board receives a presentation on Fiduciary Responsibilities/Ethics. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process Management provides the required infomation to the Credit Union's independent CPA Firm for completion of the Form 990. Form 990, Part VI, Line 7b Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Merger - Requires two thirds majority vote of voting members.Charter conversion - Requires two thirds majority vote of voting members.Dissolution and liquidation - Requires majorty vote of entire membership. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The members elect the governing body by vote at the annual meeting. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The field of membership of this Credit Union shall be: A member of the immediate family of any person who, under the provisions of this Article, is eligible for membership in the Credit Union may also be admitted to membership therein. "Immediate family" means persons related by blood, by marriage or by adoption.A member of a household who resides with a person who, under the provisions of this section, is eligible for membership in the credit union may also be admitted to membership therein. "Household" is defined as persons living in the same residence and who maintain a single economic unit. This includes any person who is a permanent member of and participates in the maintenance of the household, including family members, domestic partners, foster children, and legal guardian relationships.Membership includes employees and retirees (including the definitions above) of Excel Energy, and past and present faculty, staff, student, alumni, and retirees of the University of Colorado Health Sciences Center, and employees or members of other business (SEGs) or Associations generally in the Denver, Colorado metropolitan area. Membership also includes all persons living or working in certain communities of Colorado Springs, Arvada, Littleton, Aurora, Thornton, boundaries of Denver International Airport, Southwest Plaza Mall, Stapleton Redevelopment Area, Larimer County, and other census tracts generally in the Denver, Colorado metropolitan area. Members Insurance Inc 7055 E Evans Ave Denver CO 80224 841004011 Insurance Agency CO N/A C Corp 1591 393593 1.00000 false false false false false false false false false false false false false false true true false false false false