Public Service Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

15 people listed

DEAN J TRUDEAU (PRESIDENT/CEO, BOARD TREASURER): $498,212 total reported compensation
ANGELO FANARAS (CIO/SVP OF ELECTRONIC SERVICES): $319,226 total reported compensation
DONNA FOLLBAUM (COO/EVP OF BRANCH SERVICES): $262,330 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Public Service Credit Union is dedicated to making your financial goals a reality.

Offer automated teller machines, courtesy pay, wire transfers, gift cards, money orders and various insurance programs.

Revenue model: Earned-program. 85% of the money available for current operations came from fees and other program 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- 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: 100%; rating input score 100; 72nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 83.3%; rating input score 83; 17th 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

Operating margin: 7.2%; rating input score 60; 60th percentile among comparable filings
Total-asset coverage ratio: 14.2; rating input score 94; 94th percentile among comparable filings
Liabilities to assets ratio: 0.91; rating input score 9; 9th percentile among comparable filings
Officer compensation ratio: 8.1%; rating input score 29; 29th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
Asset growth: 9.7% per year; rating input score 100; 64th percentile among comparable filings

What they do: 6 operating locations identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 5 of 6 board members independent · 8 of 9 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $498K · 15 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $5.3M reported
Consistency: 14 of 14 current checks pass
Schedules: 6 filed schedules · includes major donors, grants, and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 14 filed money-flow records
Related organizations: Filed and resolved organization relationships.
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.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: Form 990 shared with the board not reported.
High — Sustainability: Liabilities to assets ratio scored 9/100.
High — Sustainability: Officer compensation ratio scored 29/100.