Mar, 31, 2021 — 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 87 years ago in 1934, POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION has about 678 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) | PO BOX 126 PAWTUCKET, RI 02862 |
| Phone: | (401) 726-3895 |
| Fax: | (401) 727-2809 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 678 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,422,252 |
| CEO/Manager: | Charlene M LaPlante |
| Chairperson: | John M Soares |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 882,171 |
| TOTAL INVESTMENTS | 3,136,431 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 220,848 |
| Unsecured Loans | 945,392 |
| Other Loans | 1,208,621 |
| TOTAL LOANS | 2,374,861 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,520 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 32,626 |
| All Other Assets | 45,683 |
| TOTAL ASSETS | 6,422,252 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 105 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,735 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 431,719 |
| Regular shares | 1,535,544 |
| All Other Shares & Deposits | 1,816,130 |
| TOTAL SHARES & DEPOSITS | 3,783,393 |
| TOTAL LIABILITIES | 3,787,233 |
| Regular Reserve | 304,788 |
| Other Reserves | 0 |
| Undivided Earnings | 2,330,231 |
| TOTAL EQUITY | 2,635,019 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,422,252 |
| INCOME & EXPENSE | |
| Loan Income | 42,635 |
| Investment Income | 10,550 |
| Other Income | 1,145 |
| Total Employee Compensation & Benefits | 29,044 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,847 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,000 |
| Cost of Funds | 2,131 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,566 |
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