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National Credit Union Service Organization

PUBLIC SERVICE CREDIT UNION

Dec, 31, 2023 — PUBLIC SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in ROMULUS, MI with 11 branch locations and about $415.53 million in total assets. Opened 73 years ago in 1951, PUBLIC SERVICE CREDIT UNION has about 32,344 members and employs 126 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272079487
Name:PUBLIC SERVICE CREDIT UNION
Address:
(Main Office)
7665 Merriman Rd
ROMULUS, MI 48174-1920
Phone:(734) 641-8400
Fax:(734) 641-8470
Website:https://www.pscunow.com
Branches:11 branch locations
Members:32,344
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60683
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1951
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$415,528,255
CEO/Manager:Dean J Trudeau
Chairperson:Fred Morgan

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 25,025,021
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 97,748,582
 Unsecured Loans 17,995,727
 Other Loans 150,562,205
 TOTAL LOANS 267,041,788
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,239,572
 Land And Building 9,120,591
 Other Fixed Assets 1,235,143
 NCUSIF Deposit 3,347,282
 All Other Assets 0
  TOTAL ASSETS 415,528,255
LIABILITIES & CAPITAL:  
 Dividends Payable 2,177,869
 Notes & Interest Payable 15,000,000
 Accounts Payable & Other Liabilities 3,055,862
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 74,078,462
 Regular shares 118,283,726
 All Other Shares & Deposits 168,793,424
  TOTAL SHARES & DEPOSITS 361,155,612
  TOTAL LIABILITIES 381,389,343
 Regular Reserve 0
 Other Reserves -6,279,362
 Undivided Earnings 40,418,274
  TOTAL EQUITY 34,138,912
  TOTAL LIABILITIES, SHARES, & EQUITY 415,528,255
INCOME & EXPENSE  
 Loan Income 13,551,377
 Investment Income 2,359,956
 Other Income 5,170,195
 Total Employee Compensation & Benefits 10,269,612
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,204,887
 Non-operating Income & (Expense) 4,002,272
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,355,306
 Cost of Funds 4,053,378
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,911,566
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