Dec, 31, 2023 — POST OFFICE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $35.11 million in total assets. Opened 90 years ago in 1934, POST OFFICE EMPLOYEES FEDERAL CREDIT UNION has about 3,478 members and employs 11 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: | 3,478 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24712 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,112,461 |
| CEO/Manager: | Fred A McCoy |
| Chairperson: | Jeffrey Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,744,033 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,381,926 |
| Unsecured Loans | 2,109,840 |
| Other Loans | 12,317,874 |
| TOTAL LOANS | 19,809,640 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,133 |
| Land And Building | 1,081,213 |
| Other Fixed Assets | 161,594 |
| NCUSIF Deposit | 342,271 |
| All Other Assets | 40,703 |
| TOTAL ASSETS | 35,112,461 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 296,824 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,276,838 |
| Regular shares | 18,479,633 |
| All Other Shares & Deposits | 5,609,584 |
| TOTAL SHARES & DEPOSITS | 31,366,055 |
| TOTAL LIABILITIES | 31,662,879 |
| Regular Reserve | 0 |
| Other Reserves | -387,175 |
| Undivided Earnings | 3,836,757 |
| TOTAL EQUITY | 3,449,582 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,112,461 |
| INCOME & EXPENSE | |
| Loan Income | 1,321,393 |
| Investment Income | 485,432 |
| Other Income | 416,886 |
| Total Employee Compensation & Benefits | 728,846 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 867,998 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,915 |
| Cost of Funds | 88,497 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 434,455 |
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