Dec, 31, 2023 — POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in PAWTUCKET, RI with 1 branch location and about $6.01 million in total assets. Opened 90 years ago in 1934, POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION has about 617 members 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: | 617 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,007,361 |
CEO/Manager: | Charlene M LaPlante |
Chairperson: | John M Soares |
ASSETS: | $ Amount |
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Cash & Equivalents | 422,122 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 144,965 |
Unsecured Loans | 896,167 |
Other Loans | 1,031,753 |
TOTAL LOANS | 2,072,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,340 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 35,365 |
All Other Assets | 0 |
TOTAL ASSETS | 6,007,361 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 44 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 189 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 336,840 |
Regular shares | 1,468,588 |
All Other Shares & Deposits | 1,518,087 |
TOTAL SHARES & DEPOSITS | 3,323,516 |
TOTAL LIABILITIES | 3,323,749 |
Regular Reserve | 0 |
Other Reserves | 304,788 |
Undivided Earnings | 2,378,824 |
TOTAL EQUITY | 2,683,612 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,007,361 |
INCOME & EXPENSE | |
Loan Income | 157,971 |
Investment Income | 116,315 |
Other Income | 9,080 |
Total Employee Compensation & Benefits | 108,323 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 110,228 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,248 |
Cost of Funds | 5,469 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,098 |
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