Sep, 30, 2025 — PUBLIC SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in ROMULUS, MI with 11 branch locations and about $433.61 million in total assets. Opened 75 years ago in 1951, PUBLIC SERVICE CREDIT UNION has about 32,240 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.
| 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: | 32,240 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $433,609,463 |
| CEO/Manager: | Dean J Trudeau |
| Chairperson: | Fred Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,336,204 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 137,693,715 |
| Unsecured Loans | 20,256,632 |
| Other Loans | 133,883,902 |
| TOTAL LOANS | 293,052,176 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,797,966 |
| Land And Building | 8,722,489 |
| Other Fixed Assets | 1,194,836 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,267,503 |
| All Other Assets | 0 |
| TOTAL ASSETS | 433,609,463 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,377,385 |
| Notes & Interest Payable | 10,037,717 |
| Accounts Payable & Other Liabilities | 4,275,679 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 74,998,025 |
| Regular shares | 127,170,122 |
| All Other Shares & Deposits | 170,906,780 |
| TOTAL SHARES & DEPOSITS | 373,074,926 |
| TOTAL LIABILITIES | 388,765,707 |
| Regular Reserve | 0 |
| Other Reserves | -365,160 |
| Undivided Earnings | 45,208,916 |
| TOTAL EQUITY | 44,843,756 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 433,609,463 |
| INCOME & EXPENSE | |
| Loan Income | 13,383,001 |
| Investment Income | 2,224,552 |
| Other Income | 3,853,796 |
| Total Employee Compensation & Benefits | 8,534,300 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,098,388 |
| Non-operating Income & (Expense) | 121,663 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 730,000 |
| Cost of Funds | 3,997,956 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,341,469 |
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