Dec, 31, 2023 — U S POSTAL SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in CLINTON, MD with 5 branch locations and about $269.23 million in total assets. Opened 90 years ago in 1934, U S POSTAL SERVICE FEDERAL CREDIT UNION has about 27,966 members and employs 52 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 Rd Ste 311 CLINTON, MD 20735-1730 |
| Phone: | (301) 856-5000 |
| Fax: | (301) 856-4061 |
| Website: | https://www.uspsfcu.org |
| Branches: | 5 branch locations |
| Members: | 27,966 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $269,232,519 |
| CEO/Manager: | Steven Cimino |
| Chairperson: | Michael M McCartney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,286,268 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 105,145,534 |
| Unsecured Loans | 19,565,118 |
| Other Loans | 95,410,154 |
| TOTAL LOANS | 220,120,806 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,048,731 |
| Land And Building | 0 |
| Other Fixed Assets | 1,416,015 |
| NCUSIF Deposit | 2,167,404 |
| All Other Assets | 0 |
| TOTAL ASSETS | 269,232,519 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 394,441 |
| Notes & Interest Payable | 11,500,000 |
| Accounts Payable & Other Liabilities | 2,681,906 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,018,933 |
| Regular shares | 76,965,045 |
| All Other Shares & Deposits | 113,424,820 |
| TOTAL SHARES & DEPOSITS | 225,408,798 |
| TOTAL LIABILITIES | 239,993,535 |
| Regular Reserve | 0 |
| Other Reserves | 29,238,984 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 29,238,984 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 269,232,519 |
| INCOME & EXPENSE | |
| Loan Income | 10,672,736 |
| Investment Income | 1,378,003 |
| Other Income | 1,481,439 |
| Total Employee Compensation & Benefits | 5,018,506 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,919,667 |
| Non-operating Income & (Expense) | 30,595 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 997,308 |
| Cost of Funds | 2,649,069 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,230,115 |
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