Park Community Credit Union
Legal name: Park Community Credit Union Inc
Nonprofit profile at a glance
- EIN
- 610654642
- IRS 990 coverage
- 2014–2020
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2020
- Location
- Louisville, KY, USA
- Phone
- 502.968.3681
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $53,014,034
- Expenses
- $50,885,446
- Assets
- $1,121,794,262
- Liabilities
- $1,033,184,340
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
25 people listed
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building Thriving Communities
What it reported doing in 2020
Park community credit union (the "credit union" or "park") is a state chartered cooperative association organized for the purpose of promoting thrift among, and creating a source of credit for, its members. The credit union provides mortgage, vehicle and other consumer loans to its membership. The credit union also offers a variety of accounts for members to transact and save, including share and share draft accounts and share certificates. As a member-owned organization, the credit union strives to provide competive interest and dividend rates to its membership and convenience ways for members to their accounts, including online and mobile banking and shared branching services.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 68
- Accountability: 95
- Sustainability: 51
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 32.8%; rating input score 33; 8th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 80th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 22.05; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.3% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $415K · 25 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 7 filing years from 2014 to 2020
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Grant itemization coverage scored 33/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 10/100.