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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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