Dec, 31, 2023 — MOBILE POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 1 branch location and about $16.30 million in total assets. Opened 75 years ago in 1949, MOBILE POSTAL CREDIT UNION has about 1,770 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOBILE POSTAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 Downtowner Loop W MOBILE, AL 36609-5519 |
| Phone: | (251) 342-1472 |
| Fax: | (251) 342-0119 |
| Website: | https://www.mobilepostalcu.com |
| Branches: | 1 branch locations |
| Members: | 1,770 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62471 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,302,139 |
| CEO/Manager: | THOMAS A GEORGE |
| Chairperson: | Ken George |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,046,228 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,588,482 |
| Unsecured Loans | 1,659,613 |
| Other Loans | 7,241,410 |
| TOTAL LOANS | 10,489,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,291 |
| Land And Building | 165,529 |
| Other Fixed Assets | 8,768 |
| NCUSIF Deposit | 150,046 |
| All Other Assets | 7,606 |
| TOTAL ASSETS | 16,302,139 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 769,526 |
| Regular shares | 6,145,766 |
| All Other Shares & Deposits | 7,494,120 |
| TOTAL SHARES & DEPOSITS | 14,409,411 |
| TOTAL LIABILITIES | 14,424,161 |
| Regular Reserve | 0 |
| Other Reserves | -82,902 |
| Undivided Earnings | 1,960,880 |
| TOTAL EQUITY | 1,877,978 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,302,139 |
| INCOME & EXPENSE | |
| Loan Income | 695,023 |
| Investment Income | 73,641 |
| Other Income | 171,233 |
| Total Employee Compensation & Benefits | 275,801 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 377,653 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 159,218 |
| Cost of Funds | 303,016 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -175,791 |
| ↑ Back to Top | |