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Nonprofiteer
← PARK SIDE FINANCIAL CREDIT UNION

Form 990 for tax year 2025

Filed by PARK SIDE FINANCIAL CREDIT UNION.

Totals

Total revenue
$22,410,003
Total expenses
$21,537,214
Contributions and grants received
$0
Grants paid
$55,955
Program service revenue
$19,226,148
Investment income
$3,135,929
Other revenue
$47,926
Total assets, end of year
$378,545,910
Total liabilities, end of year
$346,643,606
Net assets or fund balances, end of year
$31,902,304
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $15,190,817 · related or exempt $15,190,817

  • 2b · Program service revenue: FEES AND CHARGES

    total $4,035,331 · related or exempt $3,915,268 · unrelated business $120,063

  • 3 · Investment income

    total $2,126,151 · excluded $2,126,151

  • 6a · Gross rents

    real property $47,926

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $47,926

  • 6d · Net rental income or loss

    total $47,926 · excluded $47,926

  • 7a · Gross sales of assets other than inventory

    securities $8,180,775 · other assets $2,370,221

  • 7b · Less cost or other basis and sales expenses

    securities $8,146,876 · other assets $1,394,342

  • 7c · Gain or loss

    securities $33,899 · other assets $975,879

  • 7d · Net gain or loss

    total $1,009,778 · excluded $1,009,778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,955

  • 4 · Benefits paid to or for members

    total $5,572,208

  • 5 · Compensation of officers, directors and key employees

    total $880,966

  • 7 · Other salaries and wages

    total $5,085,855

  • 8 · Pension plan contributions

    total $285,332

  • 9 · Other employee benefits

    total $677,808

  • 10 · Payroll taxes

    total $443,121

  • 11b · Fees: legal

    total $6,314

  • 11c · Fees: accounting

    total $134,925

  • 11g · Fees: other

    total $1,342,212

  • 12 · Advertising and promotion

    total $609,428

  • 13 · Office expenses

    total $1,071,717

  • 16 · Occupancy

    total $605,946

  • 19 · Conferences, conventions and meetings

    total $110,565

  • 20 · Interest

    total $173,528

  • 22 · Depreciation, depletion and amortization

    total $607,035

  • 23 · Insurance

    total $123,080

  • 24a · Other expenses: CREDIT CARD & TRANSACTI

    total $1,755,808

  • 24b · Other expenses: ATM EXPENSE

    total $784,379

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $568,315

  • 24d · Other expenses: LOAN SERVICING COSTS

    total $475,502

  • 24e · All other expenses

    total $167,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,813,042 · end of year $6,832,674

  • 2 · Savings and temporary cash investments

    beginning of year $19,721,476 · end of year $11,698,248

  • 4 · Accounts receivable

    beginning of year $935,430 · end of year $1,046,946

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,923,547 · end of year $2,974,709

  • 7 · Other notes and loans receivable

    beginning of year $281,692,624 · end of year $266,438,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $901,624 · end of year $1,153,180

  • 10a · Land, buildings and equipment: cost or other basis

    $22,492,224

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,898,011

  • 10c · Land, buildings and equipment, net

    beginning of year $11,116,357 · end of year $15,594,213

  • 11 · Investments: publicly traded securities

    beginning of year $28,418,393 · end of year $51,098,012

  • 12 · Investments: other securities

    beginning of year $11,935,884 · end of year $13,173,473

  • 15 · Other assets

    beginning of year $11,737,377 · end of year $8,536,455

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,429,529 · end of year $1,249,739

  • 23 · Secured mortgages and notes payable

    beginning of year $3,000,000 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $3,000,000 · end of year $3,000,000

  • 25 · Other liabilities

    beginning of year $340,199,780 · end of year $342,393,867

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,396,347 · end of year $4,396,347

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $25,170,098 · end of year $27,505,957

Mission and programs · 2025

Mission

WE WILL BE THE BEST PLACE FOR THE PEOPLE OF WESTERN MONTANA TO GET A LOAN.

Activities or mission (Part I)

PARK SIDE IS A NOT FOR PROFIT FINANCIAL COOPERATIVE THAT PROVIDES FINANCIAL SERVICES TO ITS MEMBERS.

  • PARK SIDE FINANCIAL CREDIT UNION IS A MEMBER-OWNED CO-OPERATIVE OFFERING A DIVERSE VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. ITS PRIMARY FINANCIAL SERVICES ARE PROVIDING REAL ESTATE LOANS, CONSUMER LOANS, CHECKING ACCOUNTS, SAVINGS ACCOUNTS, AND TIME DEPOSITS TO ITS MEMBERS.AT DECEMBER 31, 2025 PARK SIDE FINANCIAL CREDIT UNION HAS 911 REAL ESTATE LOANS WITH A VALUE OF $148,409,130AT DECEMBER 31, 2025 PARK SIDE FINANCIAL CREDIT UNION HAS 10,798 CONSUMER LOANS WITH A VALUE OF $119,063,643AT DECEMBER 31, 2025 PARK SIDE FINANCIAL CREDIT UNION HAS 18,328 CHECKING ACCOUNTS WITH A VALUE OF $72,991,670 AT DECEMBER 31, 2025 PARK SIDE FINANCIAL CREDIT UNION HAS 34,558 SAVINGS ACCOUNTS WITH A VALUE OF $144,083,034 AT DECEMBER 31, 2025 PARK SIDE FINANCIAL CREDIT UNION HAS 3,017 TIME DEPOSIT ACCOUNTS WITH A VALUE OF $124,171,866

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carl Thomas

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Roberts

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dave Sutherland

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Doug Gilbertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Jarosch

    DIRECTOR (THRU 5/25)

    Total calculated
    $0
    Hours/week
    1

  • Diana Lamers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Lucas

    DIRECTOR (THRU 12/25)

    Total calculated
    $0
    Hours/week
    1

  • Rich Pederson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daria Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Thorpe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Presta

    CEO

    Total calculated
    $372,661
    From this org
    $333,933
    From related orgs
    $0
    Other
    $38,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,931
    Bonus
    $765
    Other
    $5,237
    Deferred
    $19,751
    Nontaxable benefits
    $18,977
    Filer's total
    $372,661

  • Troy Brackey

    CFO

    Total calculated
    $285,759
    From this org
    $256,906
    From related orgs
    $0
    Other
    $28,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,138
    Bonus
    $768
    Other
    $0
    Deferred
    $15,377
    Nontaxable benefits
    $13,476
    Filer's total
    $285,759

  • Maureen Bryan

    SENIOR VP OF HR

    Total calculated
    $222,546
    From this org
    $202,211
    From related orgs
    $0
    Other
    $20,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,271
    Bonus
    $744
    Other
    $196
    Deferred
    $8,652
    Nontaxable benefits
    $11,683
    Filer's total
    $222,546

  • Carol Beniger

    VP OF LENDING

    Total calculated
    $180,484
    From this org
    $151,146
    From related orgs
    $0
    Other
    $29,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,310
    Bonus
    $9,836
    Other
    $0
    Deferred
    $11,077
    Nontaxable benefits
    $18,261
    Filer's total
    $180,484

  • Josh Kroll

    VP OF MARKETING

    Total calculated
    $169,138
    From this org
    $140,846
    From related orgs
    $0
    Other
    $28,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,010
    Bonus
    $9,836
    Other
    $0
    Deferred
    $10,235
    Nontaxable benefits
    $18,057
    Filer's total
    $169,138

  • Laura Scoville

    VP OF BACK OFFICE OPERATIONS

    Total calculated
    $162,790
    From this org
    $138,430
    From related orgs
    $0
    Other
    $24,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,455
    Bonus
    $9,836
    Other
    $139
    Deferred
    $10,211
    Nontaxable benefits
    $14,149
    Filer's total
    $162,790

  • Teresa Short

    VP OF IT

    Total calculated
    $162,740
    From this org
    $142,945
    From related orgs
    $0
    Other
    $19,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,109
    Bonus
    $9,836
    Other
    $0
    Deferred
    $10,182
    Nontaxable benefits
    $9,613
    Filer's total
    $162,740

  • Alisa McConkey

    VP OF OPERATIONS

    Total calculated
    $167,484
    From this org
    $139,201
    From related orgs
    $0
    Other
    $28,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,317
    Bonus
    $9,866
    Other
    $18
    Deferred
    $10,226
    Nontaxable benefits
    $18,057
    Filer's total
    $167,484

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
JEREMY PRESTA PARTICIPATES IN A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH THE ORGANIZATION. JEREMY DID NOT RECEIVE ANY DISTRIBUTIONS FROM THIS PLAN DURING 2025.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
22 July 2026
IRS schema version
2025v4.2
Source object
202612039349301311

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