Jun, 30, 2024 — POSTAL GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PROVIDENCE, RI with 2 branch locations and about $52.03 million in total assets. Opened 98 years ago in 1927, POSTAL GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION has about 2,569 members and employs 8 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 GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 179 W RIVER ST PROVIDENCE, RI 02904-2610 |
Phone: | (401) 421-2436 |
Fax: | (401) 421-0012 |
Website: | https://www.pgecu.org |
Branches: | 2 branch locations |
Members: | 2,569 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24528 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1927 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $52,031,291 |
CEO/Manager: | Kenneth F Poyton |
Chairperson: | William Sousa |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,295,050 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,828,507 |
Unsecured Loans | 963,766 |
Other Loans | 5,322,347 |
TOTAL LOANS | 29,114,620 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,691 |
Land And Building | 820,065 |
Other Fixed Assets | 92,584 |
NCUSIF Deposit | 466,349 |
All Other Assets | 0 |
TOTAL ASSETS | 52,031,291 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,118 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 73,820 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,402,778 |
Regular shares | 21,065,381 |
All Other Shares & Deposits | 16,402,710 |
TOTAL SHARES & DEPOSITS | 45,870,869 |
TOTAL LIABILITIES | 45,953,807 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,077,484 |
TOTAL EQUITY | 6,077,484 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,031,291 |
INCOME & EXPENSE | |
Loan Income | 920,689 |
Investment Income | 183,812 |
Other Income | 156,662 |
Total Employee Compensation & Benefits | 470,845 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 682,935 |
Non-operating Income & (Expense) | 243,696 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,830 |
Cost of Funds | 140,145 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 185,104 |
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