Public Service Credit Union EIN 84-6023137

Public Service Credit Union

EIN  84-6023137 Mutual-benefit / member-serving Lone Tree, CO Founded 1938
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Provides affordable financial services, including consumer and mortgage lending, deposit accounts, and online banking, to help members make better financial decisions and grow stronger.
Leadership
Darryl Marksberry · Former CEO · $4.5M
Money in and out
$360.6M revenue, $336.8M expenses
Bottom line
+7% surplus margin

Provides affordable financial services, including consumer and mortgage lending, deposit accounts, and online banking, to help members make better financial decisions and grow stronger. For fiscal year 2024 it reported $360.6M in revenue, $336.8M in expenses, and $435.5M in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$360.6M
Pt VIII · Ln 12
Total expenses
$336.8M
Pt IX · Ln 25
Net assets
$435.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23.8M
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
+7%
revenue over expenses, this year▼ -36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$360.6M
FY2024▲ +17%
Expenses
$336.8M
FY2024▲ +22%
Total assets
$4.6B
FY2024▲ +5%
Total liabilities
$4.2B
FY2024▲ +5%
Total revenue
$360.6M
Pt VIII · Ln 12
Total expenses
$336.8M
Pt IX · Ln 25
Net assets
$435.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23.8M
Total assetsPt X · Ln 16$4.6B
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $336.8M of program spending, described in the organization's own filed words · FY2024.
01

The credit union is owned by approximately 305,000 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.

$336.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPublic Service Credit Union
EINHdr · item D84-6023137
Principal addressHdr · item CLone Tree, CO
WebsiteHdr · item Jwww.pscu.org
Year of formationHdr · item L1938
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(14) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$4,462,038Pt VII · Sec A
SVP Mortgage Lending
$992,162Pt VII · Sec A
$892,937Pt VII · Sec A
$703,231Pt VII · Sec A
$583,687Pt VII · Sec A
Chief Comm Eng Off
$572,030Pt VII · Sec A
Chief Retail Officer
$543,545Pt VII · Sec A
$515,177Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Darryl Marksberry$4,462,038$1,706,181$1,190,050$1,040,608$2,004,993
Andrew Watson$992,162$1,116,253
Colleen Knoll$892,937$653,647$693,326$620,185$594,770
Chad Shane$703,231$597,649$583,338$502,945$405,214
David Pierce$583,687$570,301$597,222$547,120$519,214
Stephen Ferrero$572,030$544,376$514,054$451,257$406,067
Steven Kitchen$563,056$347,601
Sara Ott$543,545$460,406$328,645$239,540

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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Statement of Revenue

Part VIII
Program service revenue$336.8M · 93%
Investment income$21.1M · 6%
Other revenue$2.7M · 1%
Program service revenue93%$336.8M
Investment income6%$21.1M
Other revenue1%$2.7M
Total revenueLn 12$360.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$336.8M
Total functional expensesLn 25$336.8M

Balance Sheet

Part X · end of year
CashLn 1$150.3M
Total assetsLn 16$4.6B
Total liabilitiesLn 26$4.2B
Total net assetsLn 32$435.5M
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $231.5M · Operating expenses/yr $336.8M
8.2 months
Where the money goes
Program services
Program services — · Total expenses $336.8M
Management & General
Management & general — · Total expenses $336.8M
Fundraising
Fundraising — · Total expenses $336.8M
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $360.6M
0%
Government reliance
Government grants — · Total revenue $360.6M
Earned-income share
Program service revenue $336.8M · Total revenue $360.6M
93%
Investment reliance
Investment income $21.1M · Total revenue $360.6M
+6%
Program self-sufficiency
Program service revenue $336.8M · Total expenses $336.8M
100%
Growth & trend
Revenue growth (YoY)
This year $360.6M · Prior year $308.0M
+17%
Revenue CAGR
FY2020 $188.3M · FY2024 $360.6M
+18%
Net-asset trend (YoY)
End of year $435.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $360.6M · Expenses $336.8M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $4.6B
Net-asset ratio
Net assets $435.5M · Total assets $4.6B
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $69.9M · Other securities (Pt X, ln 12) $11.3M · Total assets (Pt X, ln 16) $4.6B
2%
People & payroll
Highest Reported Total Compensation
Individual Andrew Watson · Reported title SVP MORTGAGE LENDING · Highest reported compensation $992K · Total expenses $336.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87.9M · Total expenses $336.8M
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 17%
Legal fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 100 grants · $3.7M · 2020–2024
Playfly Sports Properties LLCFY2024$277,750
Canvas FoundationCO · FY2024$105,202
Teall Properties Group LLCFY2024$52,500
Colorado State UniversityFY2024$51,905
Cherry Creek Arts FestivalCO · FY2024$32,500
Childrens Miracle NetworkUT · FY2024$31,187
Special Olympics ColoradoCO · FY2024$25,000
University of DenverCO · FY2024$16,500
Gold Crown Foundation INCCO · FY2024$13,584
Du Retirees AssociationCO · FY2024$10,000
City of FruitaFY2024$10,000
Poudre School DistrictFY2024$10,000
Bizwest Media LLCFY2024$7,300
Grand Junction Downtown Development AuthorityFY2024$6,000
See all 100 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$360.6M revenue · viewing · ⤓ 990 PDF
FY2023$308.0M revenue · ⤓ 990 PDF
FY2022$237.3M revenue · ⤓ 990 PDF
FY2021$198.2M revenue · ⤓ 990 PDF
FY2020$188.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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