Dec, 31, 2023 — MIAMI POSTAL SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in MIAMI, FL with 3 branch locations and about $190.82 million in total assets. Opened 33 years ago in 1991, MIAMI POSTAL SERVICE CREDIT UNION has about 13,594 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIAMI POSTAL SERVICE CREDIT UNION |
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Address: (Main Office) | 2190 NW 72nd Ave MIAMI, FL 33122-1824 |
Phone: | (305) 592-7733 |
Fax: | (305) 716-8347 |
Website: | https://www.mpscu.org |
Branches: | 3 branch locations |
Members: | 13,594 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67330 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $190,815,741 |
CEO/Manager: | Jace B Reyes |
Chairperson: | Jennifer David |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,521,083 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,339,650 |
Unsecured Loans | 4,721,683 |
Other Loans | 90,886,072 |
TOTAL LOANS | 115,947,405 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,277,751 |
Land And Building | 51,092 |
Other Fixed Assets | 716,380 |
NCUSIF Deposit | 1,527,227 |
All Other Assets | 2,074,522 |
TOTAL ASSETS | 190,815,741 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,970,949 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,262,624 |
Regular shares | 82,247,432 |
All Other Shares & Deposits | 60,178,929 |
TOTAL SHARES & DEPOSITS | 166,688,985 |
TOTAL LIABILITIES | 172,659,934 |
Regular Reserve | 0 |
Other Reserves | -3,346,540 |
Undivided Earnings | 21,502,347 |
TOTAL EQUITY | 18,155,807 |
TOTAL LIABILITIES, SHARES, & EQUITY | 190,815,741 |
INCOME & EXPENSE | |
Loan Income | 7,160,434 |
Investment Income | 1,534,017 |
Other Income | 1,393,343 |
Total Employee Compensation & Benefits | 3,185,553 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,354,828 |
Non-operating Income & (Expense) | -660,850 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 731,230 |
Cost of Funds | 1,799,376 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,414,040 |
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