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POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION

Mar, 31, 2022 — POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in PAWTUCKET, RI with 1 branch location and about $6.42 million in total assets. Opened 88 years ago in 1934, POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION has about 653 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION
Address:
(Main Office)
40 Montgomery St
PAWTUCKET, RI 02860
Phone:(401) 726-3895
Fax:(401) 727-2809
Website:n/a
Branches:1 branch locations
Members:653
Credit Union Type:Federal Credit Union
Charter Number:24472
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1934
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,417,730
CEO/Manager:Charlene M LaPlante
Chairperson:John M Soares

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 600,281
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 195,472
 Unsecured Loans 1,023,184
 Other Loans 1,036,828
 TOTAL LOANS 2,255,484
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,618
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 37,111
 All Other Assets 0
  TOTAL ASSETS 6,417,730
LIABILITIES & CAPITAL:  
 Dividends Payable 90
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,441
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 355,555
 Regular shares 1,594,853
 All Other Shares & Deposits 1,802,528
  TOTAL SHARES & DEPOSITS 3,752,936
  TOTAL LIABILITIES 3,756,467
 Regular Reserve 0
 Other Reserves 304,788
 Undivided Earnings 2,356,475
  TOTAL EQUITY 2,661,263
  TOTAL LIABILITIES, SHARES, & EQUITY 6,417,730
INCOME & EXPENSE  
 Loan Income 40,858
 Investment Income 7,065
 Other Income 1,236
 Total Employee Compensation & Benefits 29,442
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,542
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 600
 Cost of Funds 1,936
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,618
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