The Perfect Circle Credit Union

Hagerstown, INMutual-benefit / member-servingSince 1932Public & Societal BenefitEIN 35-6020587Revenue $4.0M in FY2025

On file with the IRSpccu.com631 E Main St, 47346-1423 · Hagerstown, INTax-exempt since Jul 2019

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Cooperative Financial Institution

Run by 10 volunteers and 30 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $273K a year · 8% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$123K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 24.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$591K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+10% vs prior year
Spent
$3.5M
To programs
0%
Net assets
$63.5M
By yearFY2020–FY2025
Revenue
$4.0M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.2M
FY2022$3.2M
FY2023$3.4M
FY2024$3.6M
FY2025$4.0M
Expenses
$3.5M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$2.9M
FY2022$2.9M
FY2023$3.3M
FY2024$3.4M
FY2025$3.5M
Net assets
$63.5M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$62.4M
FY2021$66.4M
FY2022$65.6M
FY2023$61.0M
FY2024$61.6M
FY2025$63.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

7 people listed on the 990; $123K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$122,744Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Secretary - Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Associate Director
$0Pt VII · Sec A

Joshua Haney’s $123K as President is at the 35th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Lisa Dykhoff————$141,076
Joshua Haney$122,744$117,016$114,817$103,483—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers communities through cooperative financial services and education.

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2 programs · in their own filed words · FY2025
01

Credit Union Programs

Savings by members totaling $49,877,125.15

Pt IX · col B
02

Credit Union Programs

Loans to members totaling $22,961,571.77

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$1.2M
Investment incomeLn 3$1.1M
Money outPt IX
$3.5M
Ln 25
Owns and owesPt X
$63.5M
net assets · Ln 32
Cash and savingsLn 1–2$7.0M
Total assetsLn 16$64.1M
LiabilitiesLn 26$591K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7−$5K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$852K
SavingsLn 2$6.1M
Cash and savings togetherLn 1–2$7.0M
InvestmentsLn 11–13$31.6M
Land, buildings, equipmentLn 10c$988K
Other assetsLn 15$1.4M
Total assetsLn 16$64.1M
LiabilitiesLn 26$591K
Net assetsLn 32$63.5M
OperationsPt I, VI
EmployeesI 530
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$8.4M$7.0M
InvestmentsLn 11–13$26.1M$31.6M
Land, buildings, equipmentLn 10c$856K$988K
Total assetsLn 16$62.1M$64.1M
LiabilitiesLn 26$527K$591K
Net assetsLn 32$61.6M$63.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$123K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.0M
Pension plan contributionsLn 8$28K
Other employee benefitsLn 9$109K
Payroll taxesLn 10$84K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$42K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$79K
Office expensesLn 13$273K
Information technologyLn 14$727K
RoyaltiesLn 15$0
OccupancyLn 16$217K
TravelLn 17$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$44K
Other expenses (24a–d)Ln 24$704K
Total functional expensesLn 25$3.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.0M$3.5M$506K$63.5M 990 PDF
FY2024 $3.6M$3.4M$188K$61.6M 990 PDF
FY2023 $3.4M$3.3M$114K$61.0M 990 PDF
FY2022 $3.2M$2.9M$295K$65.6M 990 PDF
FY2021 $3.2M$2.9M$298K$66.4M 990 PDF
FY2020 $3.3M$3.1M$236K$62.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,987,223 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,733,837$1,683,737
I-10 Investment incomePrior year $727,227$1,125,528
I-11 Other revenuePrior year $1,152,082$1,177,958
I-12 Total revenuePrior year $3,613,146$3,987,223
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,353,059$1,375,316
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,072,144$2,106,334
I-18 Total expensesPrior year $3,425,203$3,481,650
I-19 Revenue less expensesPrior year $187,943$505,573
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,987,223 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,683,737 · Unrelated business $0 · Excluded from tax $0$1,683,737
VIII-3 Investment incomeRelated to mission $1,130,213 · Unrelated business $0 · Excluded from tax $0$1,130,213
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,685 · Unrelated business $0 · Excluded from tax $0−$4,685
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,177,958 · Unrelated business $0 · Excluded from tax $0$1,177,958
VIII-12 Total revenueRelated to mission $3,987,223 · Unrelated business $0 · Excluded from tax $0$3,987,223
Part IX · Statement of functional expenses $3,481,650 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$122,744
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$1,031,753
IX-8 Pension plan contributions$27,960
IX-9 Other employee benefits$109,033
IX-10 Payroll taxes$83,826
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$14,163
IX-11d Lobbying fees$0
IX-11f Investment management fees$41,679
IX-12 Advertising and promotion$78,609
IX-13 Office expenses$272,516
IX-14 Information technology$726,515
IX-15 Royalties$0
IX-16 Occupancy$216,549
IX-17 Travel$7,847
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$44,223
IX-24 Other expenses (24a–d)$704,233
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$3,481,650
Part X · Balance sheet $64,097,024 assets, 18 lines filed
Asset lines not itemized here account for $22,961,572; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $854,508$852,345
X-2 Savings and temporary cash investmentsStart of year $7,590,107$6,107,316
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $177,602$202,884
X-10c Land, buildings and equipment, netStart of year $856,126$987,535
X-12 Other securitiesStart of year $26,090,020$31,552,233
X-15 Other assetsStart of year $1,273,046$1,433,139
X-16 Total assetsStart of year $62,113,358$64,097,024
X-17 Accounts payable and accrued expensesStart of year $93,922$107,326
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $12,454$6,178
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $420,470$477,854
X-26 Total liabilitiesStart of year $526,846$591,358
X-32 Total net assets or fund balancesStart of year $61,586,512$63,505,666
X-33 Total liabilities and net assetsStart of year $62,113,358$64,097,024
Part XI · Reconciliation of net assets $63,505,666 net assets at year end
XI-1 Total revenue$3,987,223
XI-2 Total expenses$3,481,650
XI-3 Revenue less expenses$505,573
XI-4 Net assets at start of year$61,586,512
XI-5 Net unrealized gains (losses) on investments−$958,130
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$2,371,711
XI-10 Net assets at end of year$63,505,666

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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