2011-05-16T10:10:58-07:00 2010-12-31 990 2010-01-01 741196893 PUBLIC EMPLOYEES CREDIT UNION PUBL 5124741955 306 E Tenth Street Austin TX 78701 Deborah Guidry 5124741955 2011-05-13 2010 2016-02-24 21:20:13Z X Gary Whitcomb 10701 Raining Oak Cove Austin TX 78759 10916204 0 X www.pecutx.org X 1952 TX PECU provides financial products and services to it's members. 7 7 113 7 87528 0 0 0 11583462 10916204 0 0 0 0 11583462 10916204 0 0 0 0 3471494 3415554 0 0 0 7933774 6286816 11405268 9702370 178194 1213834 242522737 253181686 2731558 783850 239791179 252397836 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 1748836 0 0 the credit union pays its members interest and dividends on funds deposited into their checking accounts, savings, and certificate of deposit accounts. 3626995 0 7136708 The credit union makes loans to its members with funds deposited by it's membership 4257776 0 1995272 Funds on depoist which are not loaned out to members are invested in securities allowed by NCUA regulations. 0 0 0 9633607 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 1 113 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 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 141557 0 0 Deborah Guidry 40 X 0 0 0 141557 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 interest on Loans 522130 7136708 7136708 0 0 Interest on Investment Securities 522130 1995272 1995272 0 0 Non Interest Income 522130 1784224 1696696 87528 0 10916204 0 0 0 0 0 0 10916204 10828676 87528 0 217010 217010 2439216 2439216 216181 216181 337255 337255 205892 205892 41264 41264 172523 172523 1230663 1203164 27499 460657 460657 537020 537020 20264 20264 3159 3159 5677 5677 135243 135243 69058 69058 Association dues 47834 47834 0 Provision for Loan Loss 516212 516212 0 Dividend and Interest Expense 1748836 1748836 0 Loan Servicing Expense 471117 471117 0 Other Non operating losses 606580 606580 0 220709 220709 9702370 9633607 68763 0 3333933 2934651 46618437 48652024 690357 976732 20549 61268 128715789 114881474 469383 444077 7670773 5065533 2448845 2605240 60225444 82626220 242522737 253181686 731558 783850 2000000 2731558 783850 X 220292876 231942141 0 0 19498303 20455695 239791179 252397836 242522737 253181686 X 1213834 11392823 X X 0 1 1 X 0 1004781 0 1004781 2180578 0 1279542 901036 0 0 0 0 4485414 0 3785991 699423 0 0 0 0 2605240 Securities issued by US gov't 82626220 C 82626220 SchD_P08_S00_L00 Schedule D, Part VIII PECU dies not current;y hold any investments that meet the criteria to report here Hal tenBrink personal X 27000 10671 0 1 1 Hal tenBrink personal X 23669 22835 0 1 1 Jennifer Soldano X 30000 27761 0 1 1 61267 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 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_L11a Form 990, Part VI, Section B, Line 11a The Form 990 will be submitted to the board members at the next meeting scheduled for May 26, 2011. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 will be submitted to the board members at the next regularly scheduled meeting, May 26, 2011. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The credit union's 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 of directors reviews the survey for comparability with other credit 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 Other changes in net assets - the net asset balances increased $11.4 million as a result of an increase in memer capital. Member capital is comprised of funds deposited in member accounts. F990_P12_S00_L00 Form 990, Part XII Financial Statements are audited by an independent accounting firm. Our fiscal year is a calendar year. However, the audit period for our financial statements is April 1 through March 31 of the following year. The audit is in process and will be completed by August 2011. This return is due on May 16, 2011 and was filed on that day.