Jun, 30, 2024 — U S POSTAL SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in CLINTON, MD with 5 branch locations and about $285.32 million in total assets. Opened 91 years ago in 1934, U S POSTAL SERVICE FEDERAL CREDIT UNION has about 27,322 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | U S POSTAL SERVICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7905 MALCOLM ROAD, SUITE 311 CLINTON, MD 20735 |
| Phone: | (301) 856-5000 |
| Fax: | (301) 856-4061 |
| Website: | https://www.uspsfcu.org |
| Branches: | 5 branch locations |
| Members: | 27,322 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16402 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $285,322,505 |
| CEO/Manager: | Steven Cimino |
| Chairperson: | John F Rosato |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,992,845 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 173,363 |
| Real Estate Loans | 112,538,474 |
| Unsecured Loans | 20,490,745 |
| Other Loans | 112,720,679 |
| TOTAL LOANS | 245,749,898 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,130,959 |
| Land And Building | 0 |
| Other Fixed Assets | 277,085 |
| NCUSIF Deposit | 2,248,187 |
| All Other Assets | 0 |
| TOTAL ASSETS | 285,322,505 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 143,076 |
| Notes & Interest Payable | 17,000,000 |
| Accounts Payable & Other Liabilities | 1,581,199 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,230,479 |
| Regular shares | 88,468,070 |
| All Other Shares & Deposits | 113,654,789 |
| TOTAL SHARES & DEPOSITS | 239,353,338 |
| TOTAL LIABILITIES | 258,077,613 |
| Regular Reserve | 0 |
| Other Reserves | 27,077,735 |
| Undivided Earnings | 167,157 |
| TOTAL EQUITY | 27,244,892 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 285,322,505 |
| INCOME & EXPENSE | |
| Loan Income | 7,112,319 |
| Investment Income | 272,746 |
| Other Income | 1,019,325 |
| Total Employee Compensation & Benefits | 3,704,230 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,936,010 |
| Non-operating Income & (Expense) | 43,729 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 702,630 |
| Cost of Funds | 606,561 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 504,020 |
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