Pcm Credit Union FY2023 filing

Green Bay, WIUnknown exempt organizationSince 1958 EIN 39-0974444Revenue $18.9M in FY2023

On file with the IRSpcmcu.org601 Willard Drive · Green Bay, WI

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Pcm Credit Union is a strong financial cooperative that goes above and beyond providing member-owners benefits and advantages over other financial institutions.

$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2023 · 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 $2.3M a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.0M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $95.4M in investments, Pt X · Ln 11–13
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$407.4M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.9M
+35% vs prior year
Spent
$17.9M
Net assets
$42.7M
By yearFY2020–FY2025
Revenue
$18.9M
FY2023▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.5M
FY2021$12.6M
FY2022$14.0M
FY2023$18.9M
FY2024$23.3M
FY2025$25.1M
Expenses
$17.9M
FY2023▲ +64%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.3M
FY2021$9.8M
FY2022$10.9M
FY2023$17.9M
FY2024$21.7M
FY2025$22.0M
Net assets
$42.7M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$40.9M
FY2021$42.4M
FY2022$40.6M
FY2023$42.7M
FY2024$44.8M
FY2025$50.1M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

What each dollar paid for.

Fundraising 0% · $21K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President (thru April 2023)
$242,704Pt VII · Sec A
$227,326Pt VII · Sec A
Vice President Lending
$125,385Pt VII · Sec A
Vice President of Finance
$113,112Pt VII · Sec A
Vice President of Human Resources
$108,642Pt VII · Sec A
Senior Director of Marketing
$107,234Pt VII · Sec A
IT Director
$101,119Pt VII · Sec A
$1,849Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Danny L Wollin——$242,704$374,395$347,062$317,636
Shelly Mellenberger$329,959$285,213$227,326$147,028——
Cathy M Becks———$213,879$271,342$237,933
Samantha Isted$162,447$144,462$113,112———
Joseph Wollin$152,944$138,619$125,385$109,143——
Michael J McMullen—————$127,408
Christina Connell$121,527$113,103$108,642———
Lesley Enz$107,096$109,804$107,234———

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

Offers members financial benefits and advantages over other institutions.

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Provided by the organization

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2 programs · in their own filed words · FY2023
01

We funded 2,854 loans during 2023. We had 2,274 MORTGAGES/HOME equity lines, 5,165 consumer loans. We also had 4,487 credit cards accounts with our members at 12/31.

Pt IX · col B
02

We have deposit, transaction and investment accounts with 14,446 members at 12/31/23. During 2023, we opened 5,920 new deposit, transaction and investment accounts.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $79K · 2023–2023

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$18.9M
Ln 12
Fees for servicesLn 2g$15.0M
Investment incomeLn 3$3.9M
Gifts and grantsLn 1h$21K
Money outPt IX
$17.9M
Ln 25
Fundraisingcol D$21K
Owns and owesPt X
$42.7M
net assets · Ln 32
Cash and savingsLn 1–2$12.3M
Total assetsLn 16$450.1M
LiabilitiesLn 26$407.4M
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Fundraising eventsLn 1c$21K
Fees for servicesLn 2g$15.0M
Investment incomeLn 3$3.9M
Other incomeLn 4–11$12K
Gains on assetsLn 7$40K
Total revenueLn 12$18.9M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$9.6M
Cash and savings togetherLn 1–2$12.3M
InvestmentsLn 11–13$95.4M
Land, buildings, equipmentLn 10c$5.9M
Other assetsLn 15$15.2M
Total assetsLn 16$450.1M
LiabilitiesLn 26$407.4M
Net assetsLn 32$42.7M
OperationsPt I, VI
EmployeesI 560
VolunteersI 67
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 FY23End FY23
Cash and savingsLn 1–2$20.4M$12.3M
InvestmentsLn 11–13$66.4M$95.4M
Land, buildings, equipmentLn 10c$6.1M$5.9M
Total assetsLn 16$393.1M$450.1M
LiabilitiesLn 26$352.5M$407.4M
Net assetsLn 32$40.6M$42.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$96K
Grants to domestic individualsLn 2$3K
Pay of current officers, directors and key staffLn 5$667K
Other salaries and wagesLn 7$2.6M
Pension plan contributionsLn 8$159K
Other employee benefitsLn 9$583K
Payroll taxesLn 10$251K
Accounting feesLn 11c$34K
Other fees for servicesLn 11g$119K
Advertising and promotionLn 12$55K
Office expensesLn 13$228K
Information technologyLn 14$476K
OccupancyLn 16$229K
TravelLn 17$16K
Conferences, conventions and meetingsLn 19$129K
InterestLn 20$1.8M
Depreciation, depletion and amortizationLn 22$251K
InsuranceLn 23$71K
Other expenses (24a–d)Ln 24$9.7M
All other expensesLn 24e$441K
Total functional expensesLn 25$17.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $25.1M$22.0M$3.1M$50.1M 990 PDF
FY2024 $23.3M$21.7M$1.6M$44.8M 990 PDF
FY2023 Viewing $18.9M$17.9M$1.0M$42.7M 990 PDF
FY2022 $14.0M$10.9M$3.1M$40.6M 990 PDF
FY2021 $12.6M$9.8M$2.8M$42.4M 990 PDF
FY2020 $12.5M$10.3M$2.2M$40.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $18,921,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$21,242
I-9 Program service revenuePrior year $12,615,879$14,999,285
I-10 Investment incomePrior year $1,374,177$3,888,959
I-11 Other revenuePrior year $4,800$12,089
I-12 Total revenuePrior year $13,994,856$18,921,575
I-13 Grants and similar amounts paidPrior year $13,250$98,656
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,406,369$4,261,380
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,517,193$13,560,546
I-18 Total expensesPrior year $10,936,812$17,920,582
I-19 Revenue less expensesPrior year $3,058,044$1,000,993
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $18,921,575 across 8 lines filed
Lines not itemized here account for $16,019 of total revenue; see the IRS return.
VIII-1c Fundraising events$21,242
VIII-1h Total contributions, gifts and grants$21,242
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,912,728 · Unrelated business $78,768$14,991,496
VIII-3 Investment incomeExcluded from tax $3,848,958$3,848,958
VIII-6 Net rental income or lossExcluded from tax $4,800$4,800
VIII-7 Net gain or loss on sales of assetsExcluded from tax $40,001$40,001
VIII-8 Net income from fundraising eventsExcluded from tax −$941−$941
VIII-12 Total revenueRelated to mission $14,920,517 · Unrelated business $78,768 · Excluded from tax $3,901,048$18,921,575
Part IX · Statement of functional expenses $17,920,582 across 20 lines filed
IX-1 Grants to domestic organizations$95,656
IX-2 Grants to domestic individuals$3,000
IX-5 Pay of current officers, directors and key staff$666,974
IX-7 Other salaries and wages$2,601,491
IX-8 Pension plan contributions$158,719
IX-9 Other employee benefits$583,158
IX-10 Payroll taxes$251,038
IX-11c Accounting fees$33,978
IX-11g Other fees for services$119,256
IX-12 Advertising and promotion$55,202
IX-13 Office expenses$228,021
IX-14 Information technology$476,140
IX-16 Occupancy$229,145
IX-17 Travel$16,421
IX-19 Conferences, conventions and meetings$129,367
IX-20 Interest$1,774,966
IX-22 Depreciation, depletion and amortization$251,095
IX-23 Insurance$70,525
IX-24 Other expenses (24a–d)$9,735,462
IX-24e All other expenses$440,968
IX-25 Total functional expenses$17,920,582
Part X · Balance sheet $450,113,411 assets, 14 lines filed
Asset lines not itemized here account for $319,980,701; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,131,089$2,769,556
X-2 Savings and temporary cash investmentsStart of year $19,248,375$9,564,217
X-4 Accounts receivableStart of year $128,312$1,016,707
X-9 Prepaid expenses and deferred chargesStart of year $320,204$280,442
X-10c Land, buildings and equipment, netStart of year $6,100,065$5,912,341
X-11 Publicly traded securitiesStart of year $54,764,513$83,504,573
X-12 Other securitiesStart of year $11,663,886$11,873,904
X-15 Other assetsStart of year $3,412,508$15,210,970
X-16 Total assetsStart of year $393,134,166$450,113,411
X-17 Accounts payable and accrued expensesStart of year $4,910,927$5,970,846
X-25 Other liabilitiesStart of year $320,107,428$346,602,948
X-26 Total liabilitiesStart of year $352,518,355$407,445,244
X-32 Total net assets or fund balancesStart of year $40,615,811$42,668,167
X-33 Total liabilities and net assetsStart of year $393,134,166$450,113,411
Part XI · Reconciliation of net assets $42,668,167 net assets at year end
XI-1 Total revenue$18,921,575
XI-2 Total expenses$17,920,582
XI-3 Revenue less expenses$1,000,993
XI-4 Net assets at start of year$40,615,811
XI-5 Net unrealized gains (losses) on investments$1,170,642
XI-9 Other changes in net assets−$119,279
XI-10 Net assets at end of year$42,668,167

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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