Dec, 31, 2023 — MERIDEN POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MERIDEN, CT with 1 branch location and about $470,476 in total assets. Opened 89 years ago in 1935, MERIDEN POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 78 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 MERIDEN, CT 06450 |
| Phone: | (203) 560-7809 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 78 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 153 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $470,476 |
| CEO/Manager: | Thomas Sagnella |
| Chairperson: | Dave Hinners |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 133,314 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 42,599 |
| Other Loans | 0 |
| TOTAL LOANS | 42,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,000 |
| Land And Building | 0 |
| Other Fixed Assets | 635 |
| NCUSIF Deposit | 3,685 |
| All Other Assets | 0 |
| TOTAL ASSETS | 470,476 |
| 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 | 382,309 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 382,309 |
| TOTAL LIABILITIES | 382,309 |
| Regular Reserve | 0 |
| Other Reserves | 48,730 |
| Undivided Earnings | 39,437 |
| TOTAL EQUITY | 88,167 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 470,476 |
| INCOME & EXPENSE | |
| Loan Income | 7,826 |
| Investment Income | 12,238 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 16,437 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,107 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,893 |
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