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 |
| 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 |
| ↑ Back to Top | |