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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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