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 |
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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 |
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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 |
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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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