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MERIDEN POSTAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — MERIDEN POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Meriden, CT with 1 branch location and about $481,102 in total assets. Opened 86 years ago in 1935, MERIDEN POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 88 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MERIDEN POSTAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
Meriden Postal Emplyees FCU, 190 Ce
Meriden, CT 06450
Phone:(203) 560-7809
Fax:
Website:n/a
Branches:1 branch locations
Members:88
Credit Union Type:Federal Credit Union
Charter Number:153
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$481,102
CEO/Manager:Thomas Sagnella
Chairperson:Dave Hinners

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 199,059
TOTAL INVESTMENTS 200,557
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 62,623
 Other Loans 21,731
 TOTAL LOANS 84,354
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,553
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 3,685
 All Other Assets 0
  TOTAL ASSETS 481,102
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 364,893
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 364,893
  TOTAL LIABILITIES 364,893
 Regular Reserve 48,730
 Other Reserves 0
 Undivided Earnings 67,479
  TOTAL EQUITY 116,209
  TOTAL LIABILITIES, SHARES, & EQUITY 481,102
INCOME & EXPENSE  
 Loan Income 1,830
 Investment Income 69
 Other Income 0
 Total Employee Compensation & Benefits 4,180
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,280
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 387
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,948
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