Dec, 31, 2023 — PASADENA POSTAL CREDIT UNION is a federally insured state chartered credit union headquartered in PASADENA, TX with 1 branch location and about $2.19 million in total assets. Opened 58 years ago in 1966, PASADENA POSTAL CREDIT UNION has about 365 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PASADENA POSTAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1199 Pasadena Blvd PASADENA, TX 77501 |
| Phone: | (713) 473-9349 |
| Fax: | |
| Website: | https://www.prioritypostalcu.com |
| Branches: | 1 branch locations |
| Members: | 365 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67476 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,190,932 |
| CEO/Manager: | Margot Melendez |
| Chairperson: | Nick Perez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 780,268 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 237,371 |
| Other Loans | 1,317,198 |
| TOTAL LOANS | 1,554,569 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,853 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 23,216 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,190,932 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,218,138 |
| All Other Shares & Deposits | 871,760 |
| TOTAL SHARES & DEPOSITS | 2,089,899 |
| TOTAL LIABILITIES | 2,091,260 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 99,672 |
| TOTAL EQUITY | 99,672 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,190,932 |
| INCOME & EXPENSE | |
| Loan Income | 150,219 |
| Investment Income | 7,477 |
| Other Income | 17,724 |
| Total Employee Compensation & Benefits | 118,818 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 80,604 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 265,886 |
| Cost of Funds | 25,903 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -315,791 |
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