2011-11-15T09:41:05-08:00 2010-12-31 Tinucci Jones & Company PC 31207 Keats Way Suite 201 Evergreen CO 80439 990 2010-01-01 846023137 PUBLIC SERVICE CREDIT UNION PUBL 3036912345 7055 EAST EVANS AVENUE DENVER CO 80224 Ashlee Micale 2011-11-14 Eric L Jones 3034809090 2010 2016-03-07 17:11:31Z David E Maus 7055 East Evans Avenue Denver CO 80224 103197422 false false X www.pscu.org X 1938 CO The Credit Union's mission is to always provide superior products and services in the most friendly and efficient manner possible, with the specific intention of improving the financial well being of each and every member. 9 8 487 13 927889 -200089 0 91813366 80630955 1344784 1271110 473622 378198 93631772 82280263 51000 69000 0 21434001 18270280 0 0 91331753 51740376 112816754 70079656 -19184982 12200607 1084144766 1038371934 1003952348 945837595 80192418 92534339 The Credit Union's mission is to always provide superior products and services in the most friendly and efficient manner possible, with the specific intention of improving the financial well being of each and every member. false false The Credit Union is owned by approximately 133,000 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 false 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 29185 0 true 487 true true true false false false 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 false true true true true true true true false false X X Public Service Credit Union 3036912345 7055 East Evans Avenue Denver CO 80224 Tim Farrell 3.00 X 0 0 0 Stephen Ferrero 40.00 X 125959 0 12642 Scott Aaronson 3.00 X 0 0 0 Robert Italiano 40.00 X 137996 0 17813 Price Hatcher 3.00 X 0 0 0 Phillip Smith 40.00 X 129537 0 15101 Phil Showalter 3.00 X 0 0 0 Michelle Bixler 40.00 X 73825 0 16321 Michael Kitch 40.00 X 167073 0 20521 Mary Beth Daugherty 40.00 X 68511 0 10649 Lynn Gangone 3.00 X 0 0 0 Louis Lubick 22.00 X 106137 0 10259 JoAnn Groff 5.00 X 0 0 0 Jane Willard 40.00 X 75807 0 11431 Herbert White 40.00 X 114651 0 21008 Evonna L Foster 40.00 X 141202 0 20364 Edward Martinez 40.00 X 96610 0 8601 David E Maus 40.00 X X 9821344 0 1232221 Dave McKinley 3.00 X 0 0 0 Cynthia G Koan 40.00 X 199642 0 22265 Bryan Kallenberger 40.00 X 78922 0 12498 Ashlee Micale 40.00 X 134430 0 22114 Ann Diesposti 40.00 X 99781 0 11049 Angie Webb 40.00 X 87976 0 8889 Andrea Landes 3.00 X 0 0 0 11659403 1473746 10 false true false VISA Inc PO Box 31279 Tampa FL 33631 Debit Card Process 1013696 Repossessors Inc 10939 89th Ave N Maple Grove MN 55369 Vehicle Repos 563651 Info Image 141 Jefferson Drive Menlo Park CA 94025 Statement mailing 585717 CO-OP 9692 Haven Ave Rancho Cucamonga CA 91730 Electronic Trans 1115922 4 0 Shared Branch Income 522100 1619365 1619365 Plastics Income 522100 7520238 7520238 Other Operating Income 522100 1097265 1097265 Interest Member Loans 522100 57939384 57939384 Fees Member Service 522100 11526814 11526814 927889 927889 80630955 1326746 1326746 0 0 378198 378198 378198 378198 20861523 20917159 -55636 -55636 -55636 0 0 0 0 82280263 79703066 927889 1649308 69000 0 0 0 13133149 0 2091825 757583 1244634 1043089 0 77190 0 0 0 122612 1247074 1365984 0 0 0 3233988 62068 0 207024 328544 0 3787852 0 Transaction Processing 4634526 Provision for Loan Losses 20965095 Office Operations 3348432 Dividends & Interest -Members 7659610 Corporate Stabilization Exp 2370999 2329378 70079656 0 0 0 11301969 11518950 138917242 284885163 0 2918390 2804520 2943051 2143673 0 822981651 634759262 0 742230 1117730 49967168 21495384 30222602 28471784 19377422 24980735 15234144 13576463 0 17033681 15923548 22472384 18190106 1084144766 1038371934 12313600 7851173 164008 200633 37499999 953974741 937785789 1003952348 945837595 X 80192418 92534339 80192418 92534339 1084144766 1038371934 X 12200607 141314 X false true true X false false true 1268292 2523056 -2612108 1179240 true 8971945 8971945 25133529 8863973 16269556 2386734 2074372 312362 5319156 4520691 798465 8155804 6036348 2119456 28471784 Section 457 Plan Annuity Contracts 5719666 C Member Shares, Deposits and Certificates 937785789 937785789 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Adjust equity acquired in 2009 merger $59484 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 501(c)(3) 15000 0 Networking and Seminar Events The Womens College 1901 E Asbury Ave Denver CO 80208 840404231 501(c)(3) 25000 0 Innovation Fund & Scholarships Pouder Valley Hosp Foundation 2315 E Harmony Road Suite 200 Fort Collins CO 80528 741894581 501(c)(3) 6000 0 Support & Sponsorships NCBR 141 S College Ave Fort Collins CO 80524 841314447 N/A 5500 0 N COLO Bus Expo Day Sponsorship Greeley Stampede 600 N 14th Ave Greeley CO 80631 840722231 N/A 7500 0 Rodeo Sponsorship GLBT 1301 E Colfax Ave Denver CO 80218 840738879 501(c)(3) 10000 0 Support & Sponsorships 4 2 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 true true false Robert Italiano 133599 4397 13720 4093 155809 Michael Kitch 1152 315 165606 16788 3733 187594 Evonna L Foster 137453 272 3477 14471 5893 161566 David E Maus 9800502 18719 2123 1224500 7721 11053565 Cynthia G Koan 196946 1219 1477 18662 3603 221907 Ashlee Micale 131454 758 2218 14186 7928 156544 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. Louis Lubick - primary residence X 400000 380214 false false true Stephen J Ferrero - used automobile X 35000 24892 false false true Herbert White - primary residence X 360000 341714 false false true Ashlee Micale - new automobile X 29075 26775 false false true Ashlee Micale - new automobile X 41336 26538 false false true Ashlee Micale - primary residence X 560000 527234 false false true David E Maus - primary residence X 240514 240514 false true true Cynthia G Koan - primary residence X 288097 284693 false false true Evonna L Foster - primary residence X 205350 147406 false false true Stephen J Ferrero - primary residence X 207500 143693 false false true 2143673 CO-OP See Schedule O 1115922 Electronic Transactions false Business Partners LLC See Schedule O 91948 Loan Orig & Serv false Centennial Lending LLC See Schedule O 33161 Loan Orig & Serv false CU Service Network LLC See Schedule O 381385 Shared Branch Expense false CUILA LLC See Schedule O 155671 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, Business Partners, LLC, and CO-OP. The Credit Union's Executive VP is on the Board of Directors of Centennial Lending, 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 and an ATM network which are facilitated by CU Service, Network, LLC (CUSN) (shared branching) and CO-OP (ATM and shared branching). Centennial Lending, LLC (Centennial) and Business Partners, LLC (BP) 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 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 11 Form 990, Part VI, Line 11: Form 990 Review Process Management provides the required infomration to the Credit Union's independent CPA Firm for completion of the Form 990. 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 East Evans Ave Denver CO 80224 841004011 Insurance Agency CO N/A C Corp 1916 423925 1.00000 false false false false false false false false false false false false true true false false false false