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POST OFFICE EMPLOYEES' CREDIT UNION

Dec, 31, 2023 — POST OFFICE EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in METAIRIE, LA with 3 branch locations and about $49.55 million in total assets. Opened 100 years ago in 1924, POST OFFICE EMPLOYEES' CREDIT UNION has about 4,460 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:POST OFFICE EMPLOYEES' CREDIT UNION
Address:
(Main Office)
4624 W Napoleon Ave
METAIRIE, LA 70001-2492
Phone:(504) 885-6871
Fax:(504) 885-2012
Website:https://www.poecu.org
Branches:3 branch locations
Members:4,460
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63069
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1924
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$49,546,940
CEO/Manager:Michelle C Duhe
Chairperson:Joe Battaglia

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,513,219
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 13,678,980
 Unsecured Loans 4,232,434
 Other Loans 10,219,993
 TOTAL LOANS 28,196,317
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -214,905
 Land And Building 438,859
 Other Fixed Assets 23,121
 NCUSIF Deposit 440,061
 All Other Assets 0
  TOTAL ASSETS 49,546,940
LIABILITIES & CAPITAL:  
 Dividends Payable 18,846
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 540,699
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,216,725
 Regular shares 31,572,227
 All Other Shares & Deposits 3,446,433
  TOTAL SHARES & DEPOSITS 43,235,385
  TOTAL LIABILITIES 43,795,430
 Regular Reserve 0
 Other Reserves 2,391,808
 Undivided Earnings 3,359,702
  TOTAL EQUITY 5,751,510
  TOTAL LIABILITIES, SHARES, & EQUITY 49,546,940
INCOME & EXPENSE  
 Loan Income 1,402,324
 Investment Income 645,154
 Other Income 480,636
 Total Employee Compensation & Benefits 1,008,160
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,074,797
 Non-operating Income & (Expense) 302,905
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 105,500
 Cost of Funds 156,119
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 516,516
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