Jun, 30, 2024 — POST OFFICE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $37.66 million in total assets. Opened 91 years ago in 1934, POST OFFICE EMPLOYEES FEDERAL CREDIT UNION has about 3,403 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POST OFFICE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2443 Texas Ave SHREVEPORT, LA 71103 |
| Phone: | (318) 222-1979 |
| Fax: | (318) 226-9420 |
| Website: | https://www.poefcu.org |
| Branches: | 2 branch locations |
| Members: | 3,403 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24712 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,663,613 |
| CEO/Manager: | Fred A McCoy |
| Chairperson: | Jeffrey Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,026,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,484,713 |
| Unsecured Loans | 1,547,161 |
| Other Loans | 8,594,486 |
| TOTAL LOANS | 14,626,360 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,304 |
| Land And Building | 1,117,405 |
| Other Fixed Assets | 29,880 |
| NCUSIF Deposit | 347,737 |
| All Other Assets | 20,155 |
| TOTAL ASSETS | 37,663,613 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 149,180 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,239,234 |
| Regular shares | 23,107,008 |
| All Other Shares & Deposits | 3,934,541 |
| TOTAL SHARES & DEPOSITS | 34,280,783 |
| TOTAL LIABILITIES | 34,429,963 |
| Regular Reserve | 0 |
| Other Reserves | -98,777 |
| Undivided Earnings | 3,332,427 |
| TOTAL EQUITY | 3,233,650 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,663,613 |
| INCOME & EXPENSE | |
| Loan Income | 688,801 |
| Investment Income | 236,387 |
| Other Income | 205,503 |
| Total Employee Compensation & Benefits | 506,585 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 488,223 |
| Non-operating Income & (Expense) | 51,983 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,149 |
| Cost of Funds | 37,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 104,084 |
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