2024-05-08T11:30:43-07:00 2023-12-31 990 2023-01-01 356020587 THE PERFECT CIRCLE CREDIT UNION PERF 7654894571 PO Box 29 - 631 East Main Street Hagerstown IN 47346 Chelsea Lingg VP Finance 7654894571 2024-05-06 Chelsea Lingg 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Joshua Haney 631 E Main St PO Box 29 Hagerstown IN 47346 3389781 0 X www.pccu.com X 1932 IN Cooperative Financial Institution 5 5 37 8 0 0 0 0 1462252 1541679 576381 684263 1167387 1159610 3206020 3385552 0 0 0 0 1333103 1262167 0 0 0 1577856 2009361 2910959 3271528 295061 114024 66207125 61836622 646810 807133 65560315 61029489 Cooperative Financial Institution 0 0 Credit Union Programs: Savings by members totaling $49,921,178.53 Credit Union Programs: Loans to members totaling $26,693,663.30 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2217 0 1 37 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 X Perfect Circle Credit Union 7654894571 PO Box 29 - 631 East Main Street Hagerstown IN 47346 Joshua Haney President 40 X 114817 0 0 Michele Curry Chairperson 1 X 0 0 0 Tina Davis Vice Chairperson 1 X 0 0 0 Jason Moore Secretary - Treasurer 1 X 0 0 0 Joe Backmeyer Director 1 X 0 0 0 Tim Reagan Director 1 X 0 0 0 114817 0 0 1 0 0 0 0 0 Loan Income 522130 1541679 1541679 0 0 0 0 0 0 1541679 688492 688492 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4229 0 -4229 -4229 -4229 0 0 Fee Income 522130 496118 496118 0 0 Other Income 522130 663492 663492 0 0 0 0 0 0 1159610 3385552 3385552 0 0 0 0 0 0 114817 0 952431 27900 88155 78864 0 0 15767 0 0 33692 0 79221 240584 667094 0 214366 8623 0 0 0 0 68437 Education & Development 21923 Loan Servicing Expense 135037 Prov for Loan Loss/CIPOL Recovery 253784 Dividend Expense 270833 3271528 0 0 0 1069709 817648 3759620 1738438 0 0 0 0 0 0 0 0 25728218 26693663 178476 177611 3304047 2519311 877492 784736 33337035 30339419 1256575 1285107 66207125 61836622 62746 79248 0 0 25030 18742 0 0 0 0 0 0 0 0 0 0 559034 709143 646810 807133 X 60896851 56107134 836429 981297 3827035 3941058 65560315 61029489 66207125 61836622 X 114024 -2099927 0 0 0 -2544923 X 0 0 0 0 310034 310034 0 990405 727587 262818 0 393308 306867 86441 0 380803 348364 32439 0 1229497 1136493 93004 784736 0 0 CDs 10102371 C Federal Agency Securities 19235618 F Corporate One Capital Shares 503760 C US Government Securities 497670 F 30339419 0 VSI Payable 270 Visa Payments in Process 50 Visa Adjustments 0 Visa Rewards Accrued 1996 PSCU Credit Card Clearing 584765 ATM in Process 22765 Debit Card Adj & Chargebacks in Process 46 ACH Exceptions/Returns 1398 Bill Pay Clearing 16670 Blackbird Cards Payable 2998 Mtg Closing Costs Payable 1731 FP Annuity Liab to Employees 51927 Health Insurances Payable -6171 Abandoned Assets Payable 10522 Charities Payable 7965 GAP/MRC/Debt Protection Insurances Payable 12256 HSA Contributions -45 709143 Form 990, Part VI, Section A, Line 6 This is a financial cooperative with 5,612 members Form 990, Part VI, Section A, Line 7a This institution has members that elect a board of directors who govern the institution on their behalf. Directors are elected by a vote of the membership each year during the annual meeting of the membership. Form 990, Part VI, Section A, Line 7b The members of the credit union, by majority vote of those present at any annual meeting or special meeting call for that purpose, shall have the power to review the acts and reverse the decisions of the board of directors, including but not limited to, amendments made to the bylaws by the board. The members of the credit union may, by a two-thirds vote of all members present at any annual meeting or special meeting call for that purpose, declare the office of any member of the board of directors vacant, and shall elect his successor to serve for his unexpired term. Form 990, Part VI, Section A, Line 9 Michele Curry, 1607 Sherri Way Richmond, IN 47374; Jason Moore, 1451 Oak Park Drive Richmond, IN 47374; Tina Davis, 167 Duffield Street New Madison, OH 45346; Joe Backmeyer 309 S. 48th Street Richmond, IN 47374; Tim Reagan, 6080 Franklin Road Hagerstown, IN 47346. Form 990, Part VI, Section B, Line 11b The completed form 990 is given to the president and the secretary/treasurer of the board of directors for their review and signature. Form 990, Part VI, Section B, Line 12c Board members are required to sign a conflict of interest statement annually, all employees are required to sign annually that they have read and understood the employee handbook, which contains a conflict of interest policy. Form 990, Part VI, Section B, Line 15 The President's salary is determined by the board of directors based upon external market analysis and goals achieved. This process is performed annually. External market analysis is updated biannually. Form 990, Part VI, Section C, Line 19 Anyone with interest in the institution's governing documents, conflict of interest policy, or financial statements can contact the main office and copies (paper or electronic) will be provided. Form 990, Part XI, Line 9 Decrease in member shares ($4,793,872.99) plus increase in courtesy pay $4,155.85 plus beginning unrealized gain on investment $2,244,795.51