Dec, 31, 2023 — MERIDIAN POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in MERIDIAN, MS with 0 branch location and about $4.77 million in total assets. Opened 92 years ago in 1932, MERIDIAN POSTAL FEDERAL CREDIT UNION has about 355 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: | MERIDIAN POSTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2100 9th St Ste 5 MERIDIAN, MS 39301-5140 |
| Phone: | (601) 693-7413 |
| Fax: | (601) 693-7403 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 355 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24894 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,765,244 |
| CEO/Manager: | Linda Payne |
| Chairperson: | James W Price |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 312,571 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 69,198 |
| Other Loans | 729,324 |
| TOTAL LOANS | 798,522 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,761 |
| Land And Building | 0 |
| Other Fixed Assets | 102 |
| NCUSIF Deposit | 44,335 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,765,244 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,956 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,759,911 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,759,911 |
| TOTAL LIABILITIES | 3,761,867 |
| Regular Reserve | 0 |
| Other Reserves | 111,991 |
| Undivided Earnings | 891,386 |
| TOTAL EQUITY | 1,003,377 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,765,244 |
| INCOME & EXPENSE | |
| Loan Income | 36,292 |
| Investment Income | 89,828 |
| Other Income | 2,385 |
| Total Employee Compensation & Benefits | 29,313 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,104 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,334 |
| Cost of Funds | 55,531 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,525 |
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