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Premier Source Federal Credit Union

Organization summary

Type of Nonprofit

Designated as a Corporations organized under acts of Congress, which includes federal credit unions, and serve as instrumentalities of the United States.

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2018 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$3.22M (2018)

Expenses
$3.11M (2018)

Total Assets
$62.2M (2018)

Total Liabilities
$53.9M (2018)

Source: Form 990 tax filings from 2011 to 2018

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,216,300
Expenses
$3,113,247
Net Income
$103,053
Net Assets
$8,300,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,640,570
82.1%
Investment Income $543,148
16.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $23,303
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,279
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $149,266
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $873,377
28.1%
Assets/Debt
Total Assets $62,230,796
Total Liabilities $53,930,574
Net Assets $8,300,222
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bonnie Raymond (C.E.O.) $134,245 $0 $15,022
Richard Grabiec (Chairman) $0 $0 $0
George Reich (Vice Chairman) $0 $0 $0
Sandra Woodrow (Clerk) $0 $0 $0
Barbara Charest (Director) $0 $0 $0
Paul Federici (Director) $0 $0 $0
Joseph Francisco (Director) $0 $0 $0
Susan Goulet (Director) $0 $0 $0
Judy Jackson (Director) $0 $0 $0
David Kruger (Director) $0 $0 $0
Doug Mellis (Director) $0 $0 $0
Andrew Netherwood (Director) $0 $0 $0
Madhu Shah (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,922,187
Expenses
$3,051,761
Net Income
-$129,574
Net Assets
$8,421,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,757,858
60.2%
Investment Income $573,196
19.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,446
0.2%
Net Fundraising $0
Sales of Assets -$48,975
Net Inventory Sales $0
Other Revenue $633,662
21.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $140,530
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $847,833
27.8%
Assets/Debt
Total Assets $64,230,462
Total Liabilities $55,809,339
Net Assets $8,421,123
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bonnie J Raymond (C.E.O.) $127,629 $0 $12,901
Richard Grabiec (Chairman) $0 $0 $0
Judy Jackson (Director) $0 $0 $0
Barbara Charest (Director) $0 $0 $0
Sandra Woodrow (Clerk) $0 $0 $0
David Kruger (Director) $0 $0 $0
Andrew Netherwood (Director) $0 $0 $0
Douglas Mellis (Director) $0 $0 $0
Susan Goulet (Director) $0 $0 $0
Michael Dobise (Director) $0 $0 $0
Madhu Shah (Director) $0 $0 $0
George Reich (Treasurer) $0 $0 $0
Joseph Francisco (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,930,355
Expenses
$3,284,984
Net Income
-$354,629
Net Assets
$8,507,779
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,731,610
59.1%
Investment Income $542,123
18.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,327
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $647,295
22.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $130,928
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $870,228
26.5%
Assets/Debt
Total Assets $68,037,618
Total Liabilities $59,529,839
Net Assets $8,507,779
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bonnie J Raymond (C.E.O.) $121,399 $0 $9,529
Richard Grabiec (Chairman) $0 $0 $0
Judy Jackson (Director) $0 $0 $0
Barbara Charest (Director) $0 $0 $0
Sandra Woodrow (Clerk) $0 $0 $0
David Kruger (Director) $0 $0 $0
Andrew Netherwood (Director) $0 $0 $0
Douglas Mellis (Director) $0 $0 $0
Susan Goulet (Director) $0 $0 $0
Michael Dobise (Director) $0 $0 $0
Madhu Shah (Director) $0 $0 $0
George Reich (Treasurer) $0 $0 $0
Joseph Francisco (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,020,018
Expenses
$3,319,009
Net Income
-$298,991
Net Assets
$9,013,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,806,761
59.8%
Investment Income $522,873
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,069
0.1%
Net Fundraising $0
Sales of Assets -$5,450
Net Inventory Sales $0
Other Revenue $691,765
22.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $129,986
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $887,748
26.7%
Assets/Debt
Total Assets $69,865,283
Total Liabilities $60,851,540
Net Assets $9,013,743
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bonnie J Raymond (Ceo/Director) $120,300 $0 $9,686
Judy Jackson (Director) $0 $0 $0
Richard Grabiec Ph D (Chairman) $0 $0 $0
Barbara L Charest (Director) $0 $0 $0
Sandra E Woodrow (Clerk) $0 $0 $0
David P Kruger (Director) $0 $0 $0
Andrew Netherwood (Director) $0 $0 $0
Alfred Riberdy (Director) $0 $0 $0
Douglas Mellis (Director) $0 $0 $0
Susan M Goulet (Director) $0 $0 $0
Michael Dobise (Director) $0 $0 $0
Madhu Shah (Director) $0 $0 $0
George Reich (Treasurer) $0 $0 $0
Joseph Francisco (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,080,473
Expenses
$3,326,387
Net Income
-$245,914
Net Assets
$9,452,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,891,273
61.4%
Investment Income $548,345
17.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,939
0.4%
Net Fundraising $0
Sales of Assets $12,452
0.4%
Net Inventory Sales $0
Other Revenue $615,464
20.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $124,432
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $892,978
26.8%
Assets/Debt
Total Assets $68,803,253
Total Liabilities $59,350,885
Net Assets $9,452,368
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bonnie J Raymond (Ceo/Director) $120,982 $0 $3,449
Judy Jackson (Director) $0 $0 $0
Richard Grabiec Ph D (Chairman) $0 $0 $0
Barbara L Charest (Director) $0 $0 $0
Sandra E Woodrow (Clerk) $0 $0 $0
David P Kruger (Director) $0 $0 $0
Andrew Netherwood (Director) $0 $0 $0
Alfred Riberdy (Director) $0 $0 $0
Douglas Mellis (Director) $0 $0 $0
Susan M Goulet (Director) $0 $0 $0
Madhu Shah (Director) $0 $0 $0
George Reich (Treasurer) $0 $0 $0
Joseph Francisco (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,103,170
Expenses
$2,610,050
Net Income
$493,120
Net Assets
$9,428,261
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,775,364
57.2%
Investment Income $481,470
15.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,309
0.4%
Net Fundraising $0
Sales of Assets $11,634
0.4%
Net Inventory Sales $0
Other Revenue $823,393
26.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,549
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $785,816
30.1%
Assets/Debt
Total Assets $67,791,099
Total Liabilities $58,362,838
Net Assets $9,428,261
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bonnie J Raymond (Ceo/Director) $102,464 $0 $8,085
Richard Grabiec Ph D (Chairman) $0 $0 $0
Barbara L Charest (Treasurer) $0 $0 $0
Sandra E Woodrow (Clerk) $0 $0 $0
David P Kruger (Director) $0 $0 $0
Andrew Netherwood (Director) $0 $0 $0
Alfred Riberdy (Director) $0 $0 $0
Douglas Mellis (Director) $0 $0 $0
Susan M Goulet (Director) $0 $0 $0
Madhu Shah (Director) $0 $0 $0
George Reich (Treasurer) $0 $0 $0
Joseph Francisco (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,266,925
Expenses
$1,983,617
Net Income
$283,308
Net Assets
$4,048,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,437,354
63.4%
Investment Income $311,541
13.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,787
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $508,243
22.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $156,286
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $496,128
25.0%
Assets/Debt
Total Assets $39,532,714
Total Liabilities $35,484,699
Net Assets $4,048,015

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,179,876
Expenses
$2,027,342
Net Income
$152,534
Net Assets
$3,759,965
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,382,336
63.4%
Investment Income $357,562
16.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,262
Net Fundraising $0
Sales of Assets $1,386
0.1%
Net Inventory Sales $0
Other Revenue $440,854
20.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $123,239
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $469,125
23.1%
Assets/Debt
Total Assets $37,599,860
Total Liabilities $33,839,895
Net Assets $3,759,965

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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