2012-05-11T16:11:24-07:00 2011-12-31 990 2011-01-01 741196893 PUBLIC EMPLOYEES CREDIT UNION PUBL 5124741955 306 E Tenth Street Austin TX 78701 Deborah Guidry 5124741955 2012-05-10 2011 2016-02-24 21:20:13Z X Gary Whitcomb 10701 Raining Oak Cove Austin TX 78759 9286463 0 X www.pecutx.org X 1952 TX PECU provides financial products and services to it's members. 7 7 98 7 116011 0 0 0 10916204 9286463 0 0 0 0 10916204 9286463 0 0 0 0 3415554 3518404 0 0 0 6286816 4859915 9702370 8378319 1213834 908144 253181686 268015108 783850 744249 252397836 267270859 To provide quality financial products & services at the greatest value to our members in a professional and personal manner while maintaining financial strength and stability. 0 0 1248091 0 0 The credit union pays emmbers interest and dividends on funds on deposit in their checking, savings and certificate of deposit accounts 3803748 0 6246263 The credit union makes loans to its members using funds deposited by its members 3240230 0 1275591 Funds on deposit which are not loansed out to members are invested in securities allowed by NCUA Regulations. 0 0 0 8292069 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 98 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 1 0 1 1 0 0 TX X Deborah Guidry 5123704106 306 E Tenth Street Austin TX 78701 Hal tenBrink 1 X 0 0 0 David Burrell 1 X 0 0 0 Lanny Wadle 1 X 0 0 0 Diana Isabel 1 X 0 0 0 Tommy Gregg 1 X 0 0 0 Jennifer Soldano 1 X 0 0 0 Claire McGuinnes 1 X 0 0 0 Gary Whitcomb 40 X X X 146914 0 0 Deborah Guidry 40 X 104562 0 0 251476 0 0 2 0 0 0 0 0 Interest on Loans 522130 6246263 6246263 0 0 Interest on Investments 522130 1275591 1275591 0 0 Non Interest Income 522130 1764609 1648598 116011 0 0 0 0 0 9286463 0 0 0 0 0 9286463 9170452 116011 0 0 251476 251476 2481841 2481841 180351 180351 389907 389907 214829 214829 56281 56281 226890 226890 1156060 1126091 29969 432331 432331 575432 575432 27860 27860 1731 1731 168635 168635 60805 60805 Association Dues 41281 41281 0 0 Loan Servicing 504914 504914 0 0 Provision for Loan Loss 160800 160800 0 0 Dividend and Interest Expense 1248092 1248092 0 0 198803 198803 8378319 8292069 86250 0 2934651 2980817 48652024 35805944 976732 715615 61268 45137 114881474 113541209 444077 298326 8028725 5396260 2605240 2632465 82626220 111995595 253181686 268015108 783850 744249 783850 744249 X 231942141 245972062 0 0 20455695 21298797 252397836 267270859 253181686 268015108 X 908144 13964879 X X 0 1 1 X 0 1004781 0 1004781 2257840 0 1373441 884399 0 0 0 0 4766104 0 4022819 743285 0 0 0 0 2632465 Securities issued by U.S. Gov't 111995595 C 111995595 Hal tenBrink Personal X 23669 18496 0 1 1 Hal tenBrink Personal X 27000 4909 0 1 1 Jennifer Soldano Personal X 30000 21733 0 1 1 45138 Hal tenBrink Board Member 50669 Loans to Board Member 0 Jennifer Soldano Board Member 30000 Loan to Board member 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The credit union is owned by its members. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The credit union members elect it's board of directors. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 will be submitted to the board members at the next meeting scheduled for May 24, 2012. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The credit union human resource personnel monitor compliance with the conflict of interest guidelines. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Salary ranges are determined using surveys from the Texas Credit Union League, an independent third party. The board reviews the survey for comparability with other credut unions of similar size. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents and conflict of interest policies are not made public. However, financial statements are posted each month in the offices of each branch. F990_P11_S00_L05 Form 990, Part XI, Line 5 The net asset balances increased $13.9 million as a result of an increase in member capital. Member capital is comprised of funds deposited in member accounts. F990_P12_S00_L02b Form 990, Part XII, Line 2b Financial Statements are audited by an independent accounting firm. The fiscal year of the credit union is a calendar year. However, the audit period for the financials is Apr 1 through Mar 31 of the following year. The audit for the period Apr 1, 2011 through March 31, 2012 is in process and will be completed by July 2012.